Ford hit with $165M penalty from NHTSA, second-highest in agency's history
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Ford has been fined $165 million by the National Highway Traffic Safety Administration (NHTSA) for failing to recall vehicles in a timely manner. This is the second-largest civil penalty in the agency's history.
November 15, 2024 | 6:15 pm
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Ford has been fined $165 million by the NHTSA for not recalling vehicles promptly, marking the second-largest penalty in the agency's history.
The $165 million fine is significant and highlights regulatory issues at Ford, which could negatively impact investor sentiment and the stock price in the short term. The penalty being the second-largest in NHTSA's history underscores the severity of the issue.
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