WASHINGTON, March 11 (Reuters) - Ford Motor ( F ) will
pay $365 million to resolve U.S. allegations it violated a
federal tariff law by misclassifying and understating the value
of hundreds of thousands of its Transit Connect vehicles.
The Justice Department said the settlement resolves
allegations that Ford devised a scheme to avoid higher duties by
misclassifying cargo vans imported from Turkey from April 2009
to March 2013.
The government said the settlement is one of the largest
customs penalty settlements in recent history.