Ford Motor Company Files 8-K

TL;DR

FORD filed an 8-K, but no juicy details yet.

AI Summary

Ford Motor Company filed an 8-K on November 13, 2024, to report other events. The filing does not contain specific details about the nature of these events, dollar amounts, or other named entities beyond the company itself.

Why It Matters

This filing indicates Ford has made a regulatory submission, but the lack of specific details means the immediate market impact is unclear.

Risk Assessment

Risk Level: low — The filing is a standard procedural document without immediate financial or operational disclosures.

Key Players & Entities

• FORD MOTOR CO (company) — Registrant
• Delaware (jurisdiction) — State of incorporation
• Dearborn, Michigan (location) — Principal executive offices

FAQ

Key Financial Figures

• $165 million — lations. The Consent Order includes a $165 million civil penalty, which consists of a $65
• $65 million — lion civil penalty, which consists of a $65 million cash payment from Ford, $55 million hel
• $55 million — f a $65 million cash payment from Ford, $55 million held in abeyance subject to Ford's adhe
• $45 million — to the terms of the Consent Order, and $45 million that Ford will use to invest in advance

Filing Documents

• f-20241113.htm (8-K) — 27KB
• 0000037996-24-000195.txt ( ) — 193KB
• f-20241113.xsd (EX-101.SCH) — 4KB
• f-20241113_def.xml (EX-101.DEF) — 15KB
• f-20241113_lab.xml (EX-101.LAB) — 29KB
• f-20241113_pre.xml (EX-101.PRE) — 16KB
• f-20241113_htm.xml (XML) — 5KB

01. Other Events

Item 8.01. Other Events . On November 13, 2024, Ford Motor Company ("Ford" or the "Company") entered into a consent order (the "Consent Order") with the National Highway Traffic Safety Administration ("NHTSA") to resolve, without an admission of liability, allegations made by NHTSA following its investigation into whether a recall conducted by Ford in 2020 addressing rearview camera performance was timely under NHTSA's regulations. The Consent Order includes a $165 million civil penalty, which consists of a $65 million cash payment from Ford, $55 million held in abeyance subject to Ford's adherence to the terms of the Consent Order, and $45 million that Ford will use to invest in advanced data analytics, a new testing facility, and certain other projects to enhance compliance with NHTSA's requirements. In addition, during the term of the Consent Order, Ford has agreed to submit a monthly Safety Evaluation List ("SEL") to NHTSA and to meet with NHTSA each quarter to review and answer NHTSA's questions about any of the issues on the SEL. Further, Ford has agreed to hire an independent third party selected by NHTSA to assess the Company's adherence to the Consent Order and Vehicle Safety Act over the term of the Consent Order and to report on Ford's progress to NHTSA. Ford has also committed to review prior recalls over the past three years to ensure that all impacted vehicles were captured. In the event Ford determines that it must add more vehicles to the population, the Company will update the applicable recalls. The term of the Consent Order is three years, and it may be extended for one additional year at NHTSA's discretion. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FORD MOTOR COMPANY (Registrant) Date: November 14, 2024 By: /s/ David J. Witten David J. Witten Assistant Secretary

View Full Filing

View this 8-K filing on SEC EDGAR