Ford will pay up to $165M fine for rearview camera recall failures

Core Points - Ford has agreed to pay a $165 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 $55 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]