Last month, U.S. automobile lenders received subpoenas from the Consumer Financial Protection Bureau (CFPB) over the sale of extended warranties, add-ons and other financial products. Regulators are probing whether the terms and prices of these products are adequately disclosed to consumers and are questioning if some lenders may be using them as a way of boosting profits. Continue reading
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Tesla Pays Off Millions In Government Loans
Electric car maker Tesla has paid off $465 million back to the Energy Department for loans they received in 2010. The company was able to pay back the loan nine years early due to money raised in the markets, and revenue from selling green energy credits to other automakers. Continue reading
Subaru Steering Could Disengage
Subaru will be asking approximately five thousand 2013 Legacy and 2013 Outback owners to bring their vehicles in for repairs to fix a problem with the steering column. Continue reading
Automakers and Dealers Oppose Rental Recall Bill
A Tuesday meeting of the senate, automobile manufacturers, and auto dealers resulted in a negotiation stalemate with the proposed new rental recall legislation that would prohibit automobile rental companies from renting or selling vehicles that have recalls on them. Continue reading
NTSB Recommends Lower Blood Alcohol Levels
According to the Insurance Institute for Highway Safety (IIHS), approximately 10,000 people die in drinking and driving related crashes every year. In an attempt to reach a goal of zero alcohol and impaired related deaths, the National Transportation Safety Board (NTSB) are recommending that states implement laws that will work toward that goal. Continue reading
Lemon Alert! Maserati Suspension Problem
Maserati North America is recalling 7,438 luxury sport sedans, two door coupes, and sports cars for a problem with the suspension that could lead to the rear tie rod assemblies weakening and possibly failing. Continue reading
Chrysler Recalls Dodge And Jeep SUVs
Another batch of Chrysler recalls will have certain Dodge, and Jeep SUVs returned to the dealership to repair engine cooling, airbags, and possible vehicle roll away problems. Anyone receiving a notice are asked to take their vehicles in as soon as possible. For more information about these recalls, owners are asked to contact Chrysler at 1-800-247-9753. Continue reading
Toyota FJ Cruiser Lighting Problem
Toyota will be recalling approximately fifteen hundred 2007-2013 FJ Cruiser vehicles sold with Toyota’s auxiliary driving lamp kits mounted to the front bumper. These lights include two 55 watt bulbs which can be illuminated only with the vehicle’s upper headlamp beams, at the option of the driver. Continue reading
