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.