secwatch.observer — SEC 8-K summary
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Issuer:     FORD MOTOR CO (F)
CIK:        0000037996
Form:       8-K
Filed at:   2024-11-14T23:59:59+00:00
Accession:  0000037996-24-000195
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Ford enters NHTSA consent order over 2020 recall, agrees to $165M civil penalty
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- Consent order resolves NHTSA allegation that 2020 rearview camera recall was untimely; no admission of liability.
- $165M penalty: $65M cash, $55M held in abeyance subject to compliance, $45M for data analytics and testing facility investments.
- Ford to submit monthly Safety Evaluation List, meet quarterly with NHTSA, and hire independent third party to assess compliance.
- Ford will review prior three years of recalls to ensure all impacted vehicles were captured and update as needed.
- Consent order term is three years, extendable one year at NHTSA's discretion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/37996/000003799624000195/0000037996-24-000195-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/37996/000003799624000195/f-20241113.htm
  HTML page:      https://secwatch.observer/filing/0000037996-24-000195

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