investigation - Tagged Posts - Agent Entrepreneur

Hondas Examined Over Unnecessary Braking

Complaints indicate AEB systems sometimes engage for no apparent reason.

US Probes Effectiveness of 2 Nissan Air Bag Sensor Recalls

DETROIT — U.S. safety regulators are investigating complaints that two Nissan recalls didn’t go far enough to fix a problem with front-seat air bag seat sensors, reported The Associated Press. The probe covers nearly 990,000 vehicles in the U.S. that were recalled in 2013 and last year because computer software may not detect an adult ... Read More »

U.S. Safety Regulators Open Probe Into New Jeep Cherokees After Fire

U.S. safety regulators said on Friday they have opened an investigation into an estimated 50,415 newer Jeep Cherokee SUVs, a key model for the profitability of Fiat Chrysler Automobiles, after receiving complaints of engine compartment fires, reported Reuters. The U.S. National Highway Traffic Safety Administration said it opened the preliminary evaluation into the 2015-model SUVs ... Read More »

Takata Forms Independent Review Panel On Air-Bag Defects

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 »

U.S. Probe Examines GM Lawyers

Federal prosecutors are scrutinizing whether employees inside and outside General Motors Co. GM’s legal department concealed evidence from regulators about a faulty ignition switch, potentially delaying a recall of vehicles with the fatal problem, according to people familiar with the matter, reported The Wall Street Journal. The investigation is at an early stage, one of ... Read More »

CFPB Fines Subprime Finance Source $2.75 Million

WASHINGTON, D.C. — On Wednesday, the Consumer Financial Protection Bureau (CFPB) ordered First Investors Financial Services Group Inc. to pay a $2.75 million fine for providing inaccurate information to credit reporting agencies. The issue was related to computer system flaws, which the agency said impacted “tens of thousands” of the auto finance company’s customers. Texas-based ... Read More »

Industry Responds to New York Times Op-Ed on Subprime Auto Loans

Recent reports that the Department of Justice (DOJ) is looking into the subprime auto finance market have spurred a discussion about whether such loans will go the way of subprime mortgages. According to a New York Times op-ed piece published Friday, predatory auto loans have been a growing problem — but industry associations have stepped ... Read More »

FBI Investigates Ford Engineer After Listening Devices Found

A former Ford Motor Co engineer is being investigated by the FBI after listening devices were found in meeting rooms at company offices, the automaker said on Friday, reported Reuters. “Ford and the FBI are working together on a joint investigation involving a former employee,” Ford spokeswoman Susan Krusel said. “As this is an ongoing ... Read More »

G.M. Inquiry Cites Years of Neglect Over Fatal Defect

U.S. Opens Investigation of Possible Illegal Activity in Dealer Cuts