Recent News

Ford’s Q3 pretax operating profit falls 54% to $1.18 billion

Ford's third-quarter pretax operating profit tumbled 54 percent from a year earlier to $1.18 billion, hurt by lower sales volume and higher warranty costs. Net income was $835 million, down 34 percent, Ford said in a statement today. ... Read More »

FTC Provides Comment to NHTSA on Privacy and Vehicle-To-Vehicle Communications

The Federal Trade Commission filed a comment on the National Highway Traffic Safety Administration’s advance notice of proposed rulemaking related to vehicle-to-vehicle communications. As the lead federal agency charged with protecting consumer privacy, the...

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Court Orders Judgment of Nearly $515,000 Against Mortgage Relief Pitchman

A federal district court in Southern California has ordered a judgment of nearly $515,000 against Mark Nagy Atalla, a defendant in a 2013 Federal Trade Commission action targeting deceptive mortgage and debt relief pitches. The court imposed the judgment after...

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FTC Staff Advises New York State Public Service Commission To Increase Competition in Proposal to Transform Electric Distribution System

The Federal Trade Commission staff submitted a reply comment in response to certain comments filed with the New York State Public Service Commission (NY PSC) regarding the NY PSC staff’s proposal to transform the function of the electric distribution system...

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Court Orders Judgment of Nearly $515,000 Against Mortgage Relief Pitchman

A federal district court in Southern California has ordered a judgment of nearly $515,000 against Mark Nagy Atalla, a defendant in a 2013 Federal Trade Commission action targeting deceptive mortgage and debt relief pitches. The court imposed the judgment after...

... Read More »

FTC Provides Comment to NHTSA on Privacy and Vehicle-To-Vehicle Communications

The Federal Trade Commission filed a comment on the National Highway Traffic Safety Administration’s advance notice of proposed rulemaking related to vehicle-to-vehicle communications. As the lead federal agency charged with protecting consumer privacy, the...

... Read More »

NHTSA’s botched airbag recall leaves car owners in dark

NHTSA botched its effort to inform the public about a potentially lethal airbag defect, directing 8 million consumers to an inoperable website and leaving millions of others unsure as to whether their cars were even at risk. ... Read More »

Toyota sells some Tesla shares, report says

Toyota has sold some of its shares in Tesla Motors, the Nikkei financial newspaper reported. ... Read More »

GM Financial faces government, state probes over subprime loans, securities

GM Financial disclosed Thursday it is being investigated by 'state attorneys general and other governmental offices' in connection with subprime auto loans and the sale of subprime auto loans in the form of asset-backed securities. ... Read More »

GM Financial profits down despite higher volumes

For the second quarter in a row, net income fell slightly for GM Financial despite sharply higher loan and lease originations. The captive finance company today reported net income of $158 million in the third quarter of 2014, down 1. ... Read More »