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Category Archives: litigation
NHTSA Fines GM a Paltry $35 Million for Ignition Switch Fiasco
GM also faces billions in criminal penalties. Recently Toyota Motor agreed to pay a $1.2 billion fine in a controversial plea agreement with the U.S. Department of Justice whereby Toyota Motor Corporation admits to lying to consumers and U.S. safety regulators about unintended acceleration in its cars during the fall of 2009 and early 2010. Continue reading
Posted in litigation, safety
Tagged autoinformed, autoinformed.com, delphi, gm ignition switches, Ken Zino, nhtsa
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Ex PetroTiger CEO Indicted for Bribery and Kickbacks
Joseph Sigelman, 43, of Miami and the Philippines, was indicted by a federal grand jury in the District of New Jersey and charged with conspiracy to violate the FCPA and to commit wire fraud, conspiracy to launder money, and substantive FCPA and money laundering violations while working for PetroTiger. Continue reading
Posted in fools 'n frauds, litigation
Tagged autoinformed, autoinformed.com, doj, Ken Zino
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While Under NHTSA Investigation, Three New GM Recalls
Already enmeshed in safety investigations and employee resignations over failing to recall defective ignition switches, there are now three new GM recalls. Continue reading
Posted in litigation, recalls
Tagged autoinformed, autoinformed.com, Ken Zino, nhtsa
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Japanese Auto Parts Maker Showa Guilty of Price Fixing
Showa Corp., an automotive parts manufacturer based in Saitama, Japan, will plead guilty and pay a $19.9 million criminal fine for its role in a price fixing conspiracy. Continue reading
Posted in auto news, fools 'n frauds, litigation
Tagged autoinformed, autoinformed.com, doj, Ken Zino, sherman act
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Bridgestone Exec to Plead Guilty For Price Fixing U.S. Car Parts
The Japanese auto parts price fixing scandal continues to grow with more indictments and prison time likely coming. To date, 33 people have been charged in the government’s ongoing investigation of the auto parts industry. Additionally, 26 companies have pleaded guilty or agreed to plead guilty and have agreed to pay a total of more than $2.29 billion in fines. Continue reading
Posted in fools 'n frauds, litigation
Tagged autoinformed, autoinformed.com, Ken Zino
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GM to Replace Lock Cylinders as Ignition Switch Recall Expands
General Motors has told NHTSA that it is adding ignition lock cylinders to its safety recall of 2.2 million cars in the United States. The defective cylinders from former in-house supplier Delphi can allow removal of the ignition key while the engine is running, leading to a possible rollaway, crash and occupant or pedestrian injuries. Continue reading
Posted in litigation, safety
Tagged autoinformed, autoinformed.com, gmm ignition switches, Ken Zino
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Q1 Recall Charge at GM for Ignition Switches Now at $1.3 Billion. More Shareholder Earnings Nicks Will be Coming
GM said today that it expects to take a charge of about$1.3 billion in Q1 for the cost of safety recall related repairs announced – thus far – in the 2014 calendar year. This amount includes the $750 million charge previously announced on 31 March. Continue reading
Two Mexican Illegals Charged in Wisconsin for Odometer Fraud
The indictment alleges that from late 2009 through February 2014, the defendants rolled back the odometers on at least 146 vehicles. Continue reading
Posted in auto news, fools 'n frauds, litigation
Tagged autoinformed, autoinformed.com, doj, Ken Zino
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Kerr-McGee $5.15 Billion Cleanup Settlement Largest in History
“If you are responsible for 85 years of poisoning the earth, then you are responsible for cleaning it up,” said U.S. Attorney Bharara. “That’s why this case was brought.” Continue reading
Posted in environment, fools 'n frauds, litigation
Tagged autoinformed, autoinformed.com, Ken Zino, kerr-mcgee, tronox
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GM Ignition Switch Hearings and More on Car Concerns Radio
Hear a discussion about a simple question – asked in various ways repeatedly at the GM U.S. Congressional hearings with no answers – why did it take a decade to recall what GM now admits was a defective Delphi ignition switch whose failure caused cars to stall suddenly while the airbags were disabled. And much more. Continue reading
Posted in auto news, litigation, safety
Tagged autoinformed, autoinformed.com, car concerns radio, gm ignition switch hearings, Ken Zino
1 Comment
Asleep at the Switch! Head of NHTSA Friedman, GM CEO Barra Duck Tough Questions at House Hearing
The ‘we’re still looking at it’ excuse was particularly lame in front of grandstanding Congresspersons, many of whom were clearly ignorant of the technicalities surrounding the issue. Lost in the hype is the fact that people die from airbag deployment if they are not wearing a seatbelt and as a result are moving forward during the explosion. Continue reading
Posted in litigation, recalls, safety
Tagged autoinformed, autoinformed.com, Ken Zino, nhtsa
3 Comments
Odometer Fraud and Carfax Scam in New York Uncovered
Capicchioni also took steps to hide his odometer fraud scheme. He checked the Carfax public database to see if it included a mileage entry that was higher than the false, lower mileage to which he reset the odometer. When Carfax included a higher mileage, Capicchioni submitted to Carfax fraudulent documentation in the name of the vehicle’s prior owner, in order to have the higher mileage reading removed. Continue reading
Posted in fools 'n frauds, litigation
Tagged autoinformed, autoinformed.com, carfax, doj, Ken Zino, odometer fraud
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Toyota Motor Guilty of Criminal Fraud. Cops $1.2 Billion Plea
This appears to be ‘cash register justice’ at its worst. Toyota is buying its way out of its blatantly illegal behavior where people died, and former Toyota employees working at NHTSA, the U.S. safety regulator, stalled an investigation and needed recalls for years. Continue reading
Posted in fools 'n frauds, litigation, safety
Tagged autoinformed, autoinformed.com, doj, eric holder, fraud, Ken Zino
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Jeff Boyer New Vehicle Safety Chief at GM
Boyer, a GM lifer who has spent nearly 40 years in engineering and safety positions at GM, now has global responsibility for the safety development of GM vehicle systems, confirmation and validation of safety performance, as well as post-sale safety activities, including recalls. Continue reading
Posted in litigation, people, recalls, safety
Tagged autoinformed, autoinformed.com, gm ignition switch recall, Ken Zino
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GM Recalls More Vehicles, Some for Airbag Failures
GM did not provide a timeline explaining how long it has known about the latest safety defects. U.S. regulations only give a manufacturer five days after it discovers a safety problem to submit a recall plan to the National Highway Traffic Safety Administration, something GM did not do in the now notorious ignition switch recall which saw GM first deny a safety defect existed, and then issue a recall as well as an apology, and then expand the recall to cover more cars. Continue reading
Posted in litigation, news analysis, recalls
Tagged autoinformed, autoinformed.com, Ken Zino, nhtsa
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