The Department of Justice has opened a criminal investigation into Ford's emissions testing practices, the company says
The investigation centers on the testing procedures Ford used to certify the fuel economy and emissions standards of its vehicles. The company self-reported concerns about its emissions certification process to the Environmental Protection Agency and the California Air Resources Board in February after employees flagged concerns.The company has also hired an independent third party to look into its testing process.
Ford said it is fully cooperating with the federal investigation but that it couldn't provide guidance on its outcome or how it will affect the company.Read MoreSeparately, Ford's shares gained more than 10% on Friday after reporting $1.1 billion in net income in the first quarter of the year.Regulators have been cracking down on auto companies over emissions testing discrepancies and other car manufacturers have had to respond to inaccurate fuel economy reporting in the past.
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