Step Aside Volkswagen: Ford Finds "Problem" With Emissions Testing; Stock Slides

Regardless of whether overt fraud is suspected or not, after the numerous emissions scandals that have rocked the global auto industry over the past ten years (Volkswagen diesel-fuel emissions scandal being the most memorable and probably the most egregious), headline-scanning algos are bound to react to the word "emissions" in a headline - and that's exactly what happened late Thursday when Ford announced that its workers had discovered an unspecified issue with the techniques used by the company to test whether its cars meet emissions standards.

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Ford

But there's no obvious reason to panic - at least, not yet. In a statement, Ford claimed that the problems didn't involve "defeat devices" like those Volkswagen admitted were deliberately installed in its cars to circumvent federal regulations - a scandal that resulted in billions of dollars in fines and mass recalls. Some of the company's executives even faced criminal charges.

Ford also said none of its fuel economy ratings had been found to be inaccurate (again, at least not yet).

The issue was reported to the company by employees back in September, prompting an internal probe. The company then reported the issue to the EPA and California regulators this week. An explanation for the lag was not offered.

Ford has hired an outside firm to investigate road load specifications used in its testing, according to a statement.

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Gary Anderson 1 month ago Contributor's comment

There is nothing that breeds confidence like a car company that does not know what it is doing.