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Ford DOJ Probe: 7 Things to Know About It

The U.S. Department of Justice (DOJ) has opened a criminal probe into Ford (NYSE:) in regards to the automaker’s emissions certifications process.

Source:

Here are seven things :

  • The DOJ probe comes from issues linked with load estimations, which include analytical modeling and physical track testing. Road load is a metric used to measure economy ratings and emissions certifications, which does not include the use of defeat devices to cheat on them.
  • “Our focus is on completing our investigation and a thorough technical review of this matter and cooperating with government and regulatory agencies,” Kim Pittel, Ford’s vice president of sustainability, environment and safety engineering, said in a statement.
  • The carmaker hired outside experts to investigate its vehicle fuel economy and testing procedures following concerns from some workers.

F stock is up 11% Friday.

The post appeared first on InvestorPlace.

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