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When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

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Ford admits it fouled up its fuel numbers

By
Ben Geier
Ben Geier
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By
Ben Geier
Ben Geier
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June 12, 2014, 3:45 PM ET
Geneva Auto Show 2011
A Ford C-Max Energi Plug-in hybrid automobile by the Ford Motor Co. sits on display during the second press day of the Geneva International Motor Show in Geneva, Switzerland, on Wednesday, March 2, 2011. The international auto show is held at the Geneva Palexpo and runs from March 3 -13. Photographer: Adrian Moser/Bloomberg via Getty ImagesAdrian Moser/Bloomberg—Getty Images

Some drivers of Ford’s (F) cars are going to be pretty unhappy today, especially if they bought their vehicle for its fuel economy.

The Dearborn, Mich.-based automaker announced Thursday that it is lowering the fuel economy rating for six vehicles — all 2013 and 2014 hybrid and plug-in hybrid cars, plus most 2014 Fiestas — after internal testing and a notice from the Environmental Protection Agency.

Ford is making payments to the roughly 200,000 car owners this affects, and it says it has tested the rest of its vehicle lineup to make sure their are no other discrepancies.

“Ford is absolutely committed to delivering top fuel economy and accurate information,” said Alan Mulally, Ford president and CEO, in a release. “We apologize to our customers and will provide goodwill payments to affected owners. We also are taking steps to improve our processes and prevent issues like this from happening again.”

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