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Browse investigation articles

US: JPMorgan probed by Justice Dept over auto lending business


The US Department of Justice has started questioning JPMorgan Chase & Co over auto lending practices that might have caused discrimination, said the bank recently. According to a filling with the US Securities and Exchange Commission, the biggest US bank said the Justice Department is currently investigating whether auto loans of car dealerships were marked up when it came to borrowers ...
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Automakers want engineering firm and former US regulator to direct Takata airbag investigation
The consortium of ten affected automakers mulls the hiring of an independent engineering company and a former top US auto safety regulator for a probe that seeks to find why ...
US: another Japanese auto supplier hit in price-fixing investigation
Japan’s Sanden Corp. has decided to plead guilty and agreed to pay a $3.2 million fine after it was investigated by the US authorities for agreeing to fix prices of ...
US: independent panel focusing on Takata’s airbag mishaps
A recently formed panel that was tasked to investigate Japan’s Takata Corp. has announced that it would primarily focus on the company’s manufacturing quality lapses. The leader of the audit, Samuel ...
2015 Jeep Cherokee investigated by the NHTSA after fires
US auto safety regulators have announced late last week they would begin a probe into the latest Jeep Cherokee model because of customers complaints over engine compartment fires. The US National ...
China: former Dongfeng official investigated for corruption
According to the country’s anti-corruption authority, Fan Zhong, a former senior executive at Dongfeng Motor Group – the local venture partner of both France’s PSA and Japan’s Nissan – is ...
Daimler puts aside €600 million for EU antitrust investigation
The Germany-based company, Daimler, stated on Thursday it is putting aside 600 million euros to cover any potential costs that would emerge from an antitrust investigation into truck producers led ...
Mexican government also asking Takata information over airbags
The country’s economy ministry announced it asked the local division of Japanese auto parts supplier Takata Corp for information about the exact car models that have been supplied with its ...
Europe: truckmaker Volvo AB readies $497 million for EU antitrust investigation
The Swedish company, currently the second-largest truckmaker and in no relation with Volvo Cars, has set aside a provision of 400 million euros ($497 million) after seeing a European Commission ...
US: safety regulators don’t recall around 600,000 Ford, GM autos
When almost 54 million vehicles have been recalled so far this year in the US – setting up a huge, unwanted, record – seeing that some 600,000 autos might not ...

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