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Senators Propose Chinese Connected Car Ban
Just weeks before President Trump is set to meet with the Chinese president, two U.S. senators proposed a bill with the aim of protecting Americans’ data.
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SEARCHMENUSEARCHJust weeks before President Trump is set to meet with the Chinese president, two U.S. senators proposed a bill with the aim of protecting Americans’ data.
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Takata Corp, the Japanese supplier at the center of an air-bag recall crisis affecting millions of vehicles globally, has announced it will form an independent review panel to investigate the company’s handling of a safety defect linked to five deaths world-wide, reported The WSJ. The panel, which will be chaired by former U.S. Transportation Secretary ... Read More »
Read More →The National Highway Traffic Safety Administration said Tuesday that General Motors now has enough parts to fix faulty ignition switches in mid-2000s model cars tied to a massive and deadly recall, reported MLive. So the federal agency is urging owners of the affected cars to get the 1 million or so cars with the faulty ... Read More »
Read More →Toyota Motor Credit Corp, the lending arm of Toyota Motors Corp, could face an enforcement action from U.S. authorities over its pricing of auto loans through dealerships and could be forced to reimburse borrowers or pay a fine, the company said late Friday, reported Reuters. On Nov. 25, the U.S. Department of Justice and the ... Read More »
Read More →The number of approved death compensation claims related to a recall of a faulty General Motors ignition switch has edged up to 36, reported MLive. The claims were approved by a fund set up by GM to compensate victims of a defective part in mid-to-late-2000s model cars that has led to a massive recall and ... Read More »
Read More →General Motors Co. is recalling more than 316,350 sport-utility vehicles and a handful of other car models in North America, marking the 79th recall action the auto maker has taken this year, reported The WSJ. The auto maker found that an intermittent or permanent power loss of low-beam headlamps exists in its Buick LaCrosse sedans ... Read More »
Read More →Germany’s BMW is not interested in buying a stake in U.S. electric carmaker Tesla Motors, German weekly WirtschaftsWoche reported on Friday, citing a BMW statement, reported Reuters. Earlier this week, a Tesla spokeswoman said there had been informal talks between the companies, but there were no plans to set up an alliance.
Read More →Toyota Motor Corp said on Thursday it would recall 57,000 vehicles globally to replace potentially deadly air bags made by Takata Corp, as a safety crisis around the Japanese auto parts maker looks far from being contained, reported Reuters. Toyota’s action follows a recall by rival Honda Motor Co for the same problem two weeks ... Read More »
Read More →WESTLAKE VILLAGE, Calif. — Auto finance sources cannot focus their efforts on only one or two areas of the financing process and expect to have satisfied customers; they need to excel in all areas throughout the life of the loan or lease. That was the conclusion of J.D. Power and Associates’ 2014 U.S. Consumer Financing ... Read More »
Read More →WASHINGTON — Today, the Consumer Financial Protection Bureau (CFPB) took its first action against a buy-here, pay-here (BHPH) dealer. DriveTime Automotive Group was ordered to pay an $8 million civil penalty as well as end its unfair debt collection tactics, fix its credit reporting practices, and arrange for harmed consumers to obtain free credit reports. ... Read More »
Read More →WASHINGTON – A new comprehensive study of more than 8.2 million loan records by Charles River Associates concludes that the method used by the Consumer Financial Protection Bureau (CFPB) to measure for discrimination in an auto lender’s portfolio is “conceptually flawed in its application and subject to significant bias and estimation error,” reported the NADA. ... Read More »
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