Ford Motor has agreed to pay $365 million to settle allegations of violating a federal tariff law by misclassifying and understating the value of Transit Connect vehicles. The U.S. Department of Justice announced the resolution of the case.
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Ford Motor Co. has agreed to shell out $365 million to put to rest allegations it installed "sham" rear seats in hundreds of thousands of cargo vans to avoid paying higher duties, according to an announcement made by the U.S. Department of Justice. https://t.co/gfpAMgZ1ar
NEW: Ford to pay $365 mn in US tariff fraud case https://t.co/7bBA18MO6h
Ford to pay $365 million in US import tariff evasion case https://t.co/fTwKO0BqcI https://t.co/O3z6V5ZhWt
Ford Motor will pay $365 million to resolve US allegations it violated a federal tariff law by misclassifying and understating the value of hundreds of thousands of its Transit Connect vehicles https://t.co/BJvAQaDg8e https://t.co/zp9JryXMCp