Automotive

2011 BMW32i

BMW Recalling 1 Million Vehicles

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…]

Consumer Financial Protection Bureau

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…]

Electric vs Petrol cars

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…]

2006 Lexus LX-470

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…]

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…]

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…]

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