If it was not already clear, securities regulators are giving Elon Musk, the chief executive of Tesla, a laundry list of things he cannot riff about on Twitter. A revised agreement between Mr. Musk and the Securities and Exchange Commission, filed in federal court in Manhattan on Friday, spells out just when Mr. Musk must… Continue reading Elon Musk and S.E.C. Reach New Accord, Lifting Cloud Over Tesla
Tag: Ford
UPDATE 1-Toyota abandons plan to install U.S connected vehicle tech by 2021
WASHINGTON (Reuters) – Toyota Motor Corp said on Friday it was halting plans to install Dedicated Short-Range Communications technology on U.S. vehicles aimed at letting cars and trucks communicate with one another to avoid collisions. FILE PHOTO: A Toyota logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019.… Continue reading UPDATE 1-Toyota abandons plan to install U.S connected vehicle tech by 2021
Toyota abandons plan to install U.S connected vehicle tech by 2021
WASHINGTON (Reuters) – Toyota Motor Corp said on Friday it was halting plans to install Dedicated Short-Range Communications technology on U.S. vehicles aimed at letting cars and trucks communicate with one another to avoid collisions. FILE PHOTO: A Toyota logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019.… Continue reading Toyota abandons plan to install U.S connected vehicle tech by 2021
Ford Says Justice Department Has Opened Criminal Inquiry Into Emissions Issues
The Justice Department has opened a criminal investigation into Ford Motor’s emissions-certification process, the company said on Friday.
DOJ opens criminal probe into Ford’s emissions process
The Justice Department has launched a criminal investigation into whether Ford violated the U.S. emissions certification process, the latest in a string of carmakers attempting to skirt pollution tests.This would be different than the emissions violations committed by Volkswagen.Fiat Chrysler agreed to pay $800 million in fines and compensation to owners of diesel trucks and jeeps to settle allegations that it installed software on vehicles to cheat emission tests.
Ford says DoJ probing ‘potential concern’ over emissions certification
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Ford in criminal probe over emissions
A criminal investigation has been opened into the way Ford tests the emissions of its vehicles. The US Department of Justice took action after Ford alerted the US Environmental Protection Agency to potential problems in February. Ford said the issue did not involve the use of defeat devices, which were at the centre of the… Continue reading Ford in criminal probe over emissions
Ford says Justice Department opened a criminal probe tied to its emissions certification process
Aly Song | Reuters
People walk by a Ford Escape SUV displayed during the media day for the Shanghai auto show in Shanghai, China, April 16, 2019.
The Justice Department has launched a criminal investigation in a matter relating to Ford Motor's U.S. emissions certification process.
Ford disclosed in an SEC filing Friday that the company has also notified a number of other state and federal agencies and are cooperating fully with all government investigations. The matter stems back to issues related to road load estimations, including analytical modeling and coastdown testing. It does not involve the use of defeat devices to cheat on emissions tests.
The company also said in the filing that it cannot predict the outcome of the investigation and “cannot provide assurance that it will not have a material adverse effect on us.”
The automaker's stock is up 6% in premarket trading after it reporting quarterly earnings that topped expectations.
This is breaking news. Please check back for updates.
DoJ opens probe into Ford’s emissions certification process
FILE PHOTO: The Ford logo is seen at the North American International Auto Show in Detroit, Michigan, U.S., January 15, 2019. REUTERS/Brendan McDermid/File Photo (Reuters) – Ford Motor Co said on Friday the U.S. Department of Justice had opened a criminal investigation into the automaker’s emissions certification process in the United States. The potential concern… Continue reading DoJ opens probe into Ford’s emissions certification process
Dana and Motiv Power Systems Collaborate on Integration of All-Electric Spicer® Electrified™ e-Axle on Ford® Super Duty® F-550 Chassis
LONG BEACH, Calif., April 25, 2019 /PRNewswire/ — Dana Incorporated (NYSE: DAN) and Motiv Power Systems today announced a collaboration to integrate Dana’s Spicer® Electrified™ eS9000r e-Axle on the Ford F-550 chassis for use in commercial fleet applications. By replacing the traditional mechanical driveline with an electric motor integrated directly into the vehicle’s differential housing, the e-Axle… Continue reading Dana and Motiv Power Systems Collaborate on Integration of All-Electric Spicer® Electrified™ e-Axle on Ford® Super Duty® F-550 Chassis