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Form 8-K · Current Report · Filed 2024-11-14

Ford Motor Company Enters Consent Order with NHTSA

On November 13, 2024, Ford Motor Company entered into a Consent Order with the National Highway Traffic Safety Administration (NHTSA) to resolve allegations regarding the timeliness of a 2020 recall.

Filer
Ford Motor Company F · NYSE
Filed
Accession
0000037996-24-000195
CIK
0000037996
Signal
High impactConsumer Cyclical

Details

The Consent Order imposes a $165 million civil penalty on Ford, requires the company to adhere to specific compliance measures over a three-year term, and includes provisions for periodic reporting and independent assessments of Ford's compliance efforts.

Items reported

Item 8.01

Other Events

Major Legal Settlement Regulatory Investigation

Market reaction

Close before filing

$11.10

Next session

-0.8%

Since filing

+32.3%

Latest close

$14.68

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from F reporting the same item, with the next session's move:

About Ford Motor Company

Ford Motor Company, a prominent entity in the automotive sector, is renowned for designing, manufacturing, and selling a full line of trucks, utility vehicles, and cars, domestically and internationally. This esteemed company, founded in 1903 and headquartered in Dearborn, Michigan, also holds a significant presence in the automotive financial services landscape through Ford Credit. Ford’s commitment to innovation is evident in its push towards sustainable and smart vehicles, including the development of electric and autonomous driving technologies. As a key player in the automotive industry, Ford impacts several sectors, including manufacturing, transportation, and energy. Its operations influence global supply chains, employment, and economic health. The company's broad market reach, storied history, and strategic emphasis on future mobility solutions reinforce its integral role in the automotive market's advancement and evolution.

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