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Tag: dealers
Dealers hit Volkswagen with class action lawsuits over emissions scandal
2015-11-27 21:03:53| Auto Dealers - Topix.net
The emissions scandal has cost Volkswagen dearly both in revenue and reputation -- and now dealerships are the latest groups to take the company to court. In September, the Volkswagen Group was forced to recall over 400,000 vehicles in the United States after being caught using software which avoided clean air and emissions regulations.
Tags: action
class
hit
dealers
`Insurers are easier target for tax department than auto dealers'
2015-11-27 08:39:49| Auto Dealers - Topix.net
Chennai, Nov 26 : The department of revenue is going after the non-life insurance companies for wrongly availing themselves of Cenvat credit instead of automobile dealers as it is easier to target the former in terms of numbers, a senior official of an industry body said. The Chennai zonal unit of the finance ministry's Directorate General of Central Excise Intelligence had in August issued summons to general insurers for wrongly claiming Cenvat credit of Rs.1,200-2,500 crore on bogus invoices of car dealers.
Tags: auto
department
tax
target
Tesla Acquires Surprising New Allies: Traditional Auto Dealers
2015-11-25 23:31:57| Auto Dealers - Topix.net
A report in the NY Times describes how automobile dealers are deliberately steering customers away from electric vehicles and into gasoline-powered cars. This is just one more example of the fundamentally conflicted attitude the traditional auto industry has toward making and selling electric vehicles.
Tags: auto
traditional
dealers
surprising
Auto Dealers Settle FTC Charges That They Deceived Consumers By Failing to Disclose Key Lease Terms
2015-11-25 19:21:16| Auto Dealers - Topix.net
Two Ohio auto dealers have agreed to settle Federal Trade Commission charges that they deceived consumers with advertisements that touted low monthly car lease payments but failed to disclose key terms of the offers. The FTC's administrative complaint alleged that Progressive Chevrolet Company and Progressive Motors Inc., of Masillon, Ohio, failed to properly disclose terms such as the total amount due at signing, whether a security deposit was required, and credit score requirements.
GOP says feds using 'junk science' to attack auto dealers
2015-11-25 02:31:50| Auto Dealers - Topix.net
House Republicans released a report Tuesday accusing the Consumer Financial Protection Bureau of using "junk science" to show that auto dealers are discriminating against blacks in their lending practices. The 54-page report , entitled "Unsafe at Any Bureaucracy: CFPB Junk Science and Indirect Auto Lending," condemns the Bureau's use of a disparate impact equation to find that auto lenders are charging higher interest rates to minority loan applicants, even though the agency in the end made educated guesses about the race of loan applicants.
Tags: auto
science
attack
dealers
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