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Ford will pay up to $165M fine for rearview camera recall failures
FFord Motor(F) TechCrunch·2024-11-14 20:13

Core Points - Ford has agreed to pay a 165millionpenaltytofederalregulatorsfordelaysinrecallingvehicleswithfaultyrearviewcameras,markingthesecondlargestfineinNHTSA′shistory[1]−TheautomakerfailedtoprovideaccurateandcompleteinformationinitsreportstoNHTSAanddidnotsubmitcertainquarterlyrecallreportsontime[2]FinancialImplications−Fordwillpay165 million penalty to federal regulators for delays in recalling vehicles with faulty rearview cameras, marking the second largest fine in NHTSA's history [1] - The automaker failed to provide accurate and complete information in its reports to NHTSA and did not submit certain quarterly recall reports on time [2] Financial Implications - Ford will pay 65 million in the coming months, with an additional 55millioncontingentoncompliancewiththeconsentorder,andwillallocate55 million contingent on compliance with the consent order, and will allocate 45 million towards developing safety technology [3] Compliance Measures - NHTSA's remedies require Ford to engage an independent third party with expertise in motor vehicles to ensure compliance with federal safety regulations [4] Company Commitment - Ford expressed commitment to improving safety and compliance, with ongoing enhancements including advanced data analytics and a new in-house testing facility [5]