The regulator faulted the automaker for not recalling cars with defective rearview cameras quickly enough and for providing incomplete and inaccurate information.
The U.S. auto-safety agency said Ford failed to recall more than 600,000 vehicles with defective parts in a timely manner.
The National Highway Traffic Safety Administration said Thursday Ford Motor has agreed to a $165 million civil penalty after a government investigation found the automaker failed to recall vehicles with defective rearview cameras in a timely manner.
Ford is getting its workers in Cologne, Germany, to work fewer hours. The carmaker said a "lower than expected demand for electric vehicles" brought on the shift.
Zacks.com users have recently been watching Ford Motor (F) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
After spinning its tires for nearly a decade, is it finally time to pull over and walk away from Ford as a long-term investment?
Ford Motor Company F shares are trading lower on Thursday. Bernstein analyst Toni Sacconaghi downgraded Ford Motor from Outperform to Market Perform, with a price forecast of $11.
Bernstein analyst Daniel Roeska downgraded Ford stock to the equivalent of Hold from Buy, and cut his price target to $11 from $15.
While higher costs plagued Ford yet again, there is upside in the near term.
Former President Donald Trump's reelection victory is expected to send the U.S. auto industry into a period of uncertainty regarding electric vehicles. Republicans, led by the president-elect, have largely condemned EVs, claiming they are being forced upon consumers and that they will ruin the U.S. automotive industry.
Last week, U.S. legacy automaker Ford F released its third-quarter 2024 results. The company's net income during the quarter plunged 25% to $900 million, largely due to losses in its electric vehicle (EV) business.
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