NEW YORK: American auto giant Ford has agreed to pay $365 million to settle a civil suit linked to the alleged disguising of imported cargo vans as lower-tariff passenger vehicles, US authorities said on Monday.
Ford, which denies wrongdoing, is accused of using the scheme from 2009 to 2013 to avoid paying higher duties on Transit Connect utility vehicles imported from Turkey by declaring them as passenger vehicles, the Justice Department said in a statement.
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