DETROIT —(ENEWSPF)—November 3, 2017. Due to the risk of fires under the hood, BMW is recalling more than 1.4 million cars and SUVs. According to documents from the National Highway Traffic Safety Administration (NHTSA), the automaker claims that while the risk of fire is very low, the recall is being[Read More…]
Automotive
Consumer Financial Protection Bureau Report Finds Sharp Increase in Riskier Longer-term Auto Loans
Six-Year Auto Loans Carry Higher Costs and Higher Default Rates than Five-Year Auto Loans Washington, D.C. –(ENEWSPF)—November 2, 2017 By: Consumer Financial Protection Bureau Communications The Consumer Financial Protection Bureau (CFPB) today released a report on auto loan trends that found a sharp increase in riskier longer-term auto loans. According[Read More…]
Report: Electric Vehicle Adoption in Illinois Will Lead to Billions of Dollars in Benefits
CHICAGO—(ENEWSPF)–September 28, 2017 By: Sierra Club Widespread electric vehicle (EV) adoption in Illinois could bring the state up to $43 billion in cumulative benefits by 2050 stemming from reduced utility bills, Illinois driver savings on fuel, vehicle expenses, and carbon pollution reduction, according to a new analysis by M.J. Bradley[Read More…]
Recall of Certain Lexus and Toyota Land Cruisers
Washington, DC—(ENEWSPF)—September 26, 2017 Summary Toyota Motor Engineering & Manufacturing (Toyota) is recalling certain 2008-2016 Toyota Land Cruiser, 2006 Lexus LX470, and 2008-2013 Lexus LX570 vehicles. These vehicles may be equipped with an incorrect driver or front passenger air bag. As such, these vehicles fail to comply with the requirements[Read More…]
Ford Motor Company Recalls Certain 2017 F-150 and Mustang Vehicles
Washington, DC—(ENEWSPF)—September 15, 2017 Summary Ford Motor Company (Ford) is recalling certain 2017 F-150 and Mustang vehicles. The air bag inflator within the passenger frontal air bag module may rupture in the event of a crash. Remedy Ford will notify owners, and dealers will replace the passenger frontal air bag[Read More…]
Federal Trade Commission (FTC) to VW Sellers: Don’t Mislead Consumers about Buyback Deal
Blog tells Owners to Get the Facts at VWCourtSettlement.com Washington, DC–(ENEWSPF)–August 9, 2016. Many owners of 2.0 liter Volkswagen diesels will soon be able to sell their cars back to Volkswagen AG for more than their current replacement value as a result of a proposed $10.03 billion deceptive advertising settlement[Read More…]
Study: Car Sharing Stalls Under Tax Burdens, Competition
A new study from DePaul University finds that car sharing companies, including Zipcar, are heavily taxed, which may be deterring drivers from buying memberships. (iStock/Susan Montgomery) CHICAGO —(ENEWSPF)–July 22, 2016. Hefty taxes on car-sharing services, such as Zipcar, may be stopping some drivers from getting behind the wheel. Researchers[Read More…]
Motor Vehicle Crash Fatalities in the U.S. Could Drop by Half with Proven Strategies
Road traffic deaths in the US and other high-income countries. Entire infographic Atlanta, GA–(ENEWSPF)–July 6, 2016. About 90 people die each day from motor vehicle crashes in the United States, resulting in the highest death rate among 19 high-income comparison countries. Our nation has made progress in road safety, reducing[Read More…]
Volkswagen to Spend Up to $14.7 Billion to Settle Allegations of Cheating Emissions Tests and Deceiving Customers on 2.0 Liter Diesel Vehicles
Settlements Require VW to Spend up to $10 Billion to Buyback, Terminate Leases, or Modify Affected 2.0 Liter Vehicles and Compensate Consumers, and Spend $4.7 Billion to Mitigate Pollution and Make Investments that Support Zero-Emission Vehicle Technology Washington, DC–(ENEWSPF)–June 28, 2016. In two related settlements, one with the United States[Read More…]
Consumer Financial Protection Bureau Unveils New Know Before You Owe Auto Loan Shopping Sheet
Online Guide and Shopping Sheet Help Consumers Evaluate Costs and Shop for Auto Loans Washington, D.C. –(ENEWSPF)–June 9, 2016. Today the Consumer Financial Protection Bureau (CFPB) is unveiling an “auto loan shopping sheet,” a step-by-step guide, and additional online resources as part of a new Know Before You Owe[Read More…]
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