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Toyota Motor Credit ordered to pay $60 million in financial fraud settlement

Toyota has been ordered to pay $60 million ($12 million in civil penalties and $48 million to affected car buyers) by the Consumer Financial Protection Bureau (CFPB) for illegal conduct, Reuters reports. It is said that he was Toyota Motor Credit, the Japanese automaker’s U.S. financing arm, has engaged in illegal practices that prevent buyers from canceling bundles of unwanted products, hurting shoppers’ credit scores and reducing their monthly car payments. It is reported that the payment has been increased. Toyota Motor Credit is financing department An association of automobile manufacturers that provides financing to shoppers who wish to purchase an automobile manufactured by that manufacturer at a dealership. In October last year, the number of Toyota Motor His credit customers reached a total of 5 million. CNBC alleges Toyota Motor Credit violated the Consumer Financial Protection Act by preventing customers from canceling additional loans. These add-ons typically cost betwe

Both Cruise’s CEO and head of product resign

Cruise Corp. has lost two senior staff members just weeks after the company was forced to suspend its robo-taxi service in California after the California Department of Transportation deemed its vehicles to be dangerous goods. Dangerous for operation in public places . CEO Kyle Vogt announced his resignation on Sunday. Reuters Chief product officer Daniel Kang also resigned, the company learned on Monday. Both former executives are co-founders of the company. Cruise did not provide details about the co-founder’s departure. But that likely comes after an accident in San Francisco in early October in which a female pedestrian was hit by another vehicle in an adjacent lane and thrown into the path of a cruise robot taxi, and the driver fled. This seems to be related to the fact that they are being exposed to even more intense scrutiny. scene. Cruise’s robotaxi slammed on the brakes to avoid the impact, but still hit the pedestrian. After initially stopping, the robotaxi traveled an

What I Learned Motorcycling Through the Himalayas

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Ahhh shit , I thought as my front tire got caught up in the jagged rocks underwater. Then I felt my bike buckle. As I was standing up on the pegs to better negotiate the uneven terrain, I couldn’t stick out a foot to steady myself. Seconds later, ker-splash ! I was sideways, semi-submerged in the knee-deep river. Such a moment was not exactly what I envisioned when setting out on the trip of a lifetime: the 2023 Dainese Expedition Masters motorcycle adventure through the Himalayas of North India. Clad head-to-toe in top-notch Italian moto gear , straddling a shiny Royal Enfield Himalayan Scram 411 , I would rumble hundreds of miles through remote villages and over dizzying mountain passes if not with ease then at least with dignity. Sure, my off-road skills are slight, but what can’t be conquered with a little determination, 7,000 miles from home, in view of the most majestic mountain range on the planet? With a mix of Italian and Austrian exhortations, fellow riders helped me to

Honda, Acura recall nearly 250,000 cars for engine damage

Honda has recalled 248,999 cars, trucks, SUVs, and minivans across the Honda and Acura brands for potential engine damage that can render the vehicles undrivable, the NHTSA disclosed Monday.  The connecting rods that connect the pistons with the crankshaft on certain V-6 engines can wear or seize and damage the engine. The crank pins that attach the rods to the crankshaft may have been improperly ground during production. If a rod gets loose or breaks, it can jam itself into the cylinder head, or more likely in this case, pierce the engine block and ruin the engine. That can be known as throwing a rod.  Operators of the affected vehicles may notice unusual engine noise, stalling, decreased engine power, the engine not starting, and/or the check engine light illuminated in the instrument cluster. Any of these conditions can increase the risk of a fire, crash, or injury. As of Nov. 3, Honda has 1,450 warranty claims related to the issue, though no known reports of injuries or deaths

1991 Acura NSX Luggage Test: Will a Motocompacto fit in the trunk?

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I know I know, the wait has been killing you. From the second the Honda Motocompacto electric scooter/suitcase was introduced, you’ve desperately been begging the universe to answer the following question: “Will the Honda Motocompacto fit in the trunk of a 1991 Acura NSX ?” Believe me, the suspense was killing me, too. Well, rest assured, your answer is finally here.  I stumbled upon old friend Tyson Hugie and his predictably pristine 1991 Acura NSX at Radwood Socal two weekends ago. While chatting about my/his old Acura TSX finding a new home with a collector in North Carolina, a gentleman on a Honda Motocompacto whizzed by and finally pulled up to a stop among the small group of people gathered around the NSX and an Integra Type R. We initially thought it had been brought by the Honda PR rep who was attending Radwood (he did in fact have one in his trunk, an Acura 2.3 CL ), but it actually belonged to the person riding it. Patrick Vidal had only just got his Motocompacto t

GAC Group news – Gasgoo

Shanghai (Gasgoo)- On November 17, 2023, GAC Energy Technology Co., Ltd. (“GAC Energy”) and Alipay (Hangzhou) Information Technology Co., Ltd. (“Alipay”) formalized their strategic cooperation with a signing ceremony. The two entities are set to embark on innovative collaborations spanning multiple fields, including new energy vehicle (NEV) charging, battery swapping, vehicle-network interaction, energy operation, and brand marketing, as they jointly explore a groundbreaking business model integrating “energy services and the Internet”. Photo credit: GAC Energy This strategic alliance aligns with China’s National Energy Administration’s March 2023 release of the Opinions on Accelerating the Digitization and Intelligent Development of the Energy Sector. The document underscores the crucial role of integrating the energy industry with digital technology as a key driver for advancing China’s energy industry to a higher level and modernizing the industry chain—a move with significant

Japanese Workshop Wants To Save Every Nissan GT-R On The Planet

Restoration shops that work on the Nissan Skyline GT-R are a dime a dozen, but none could compare to the dedication and craftsmanship of a workshop called Garage Yoshida in Yoshana District, Japan. According to LA-based photographer Larry Chen, Garage Yoshida is the leading Nissan GT-R restoration shop in the world. The shop is run by Mitsuzo Yoshida, who brings so much attention to detail when restoring the GT-Rs. The trio of Nissan Skyline GT-Rs (R32, R33, and R34) are arguably the most sought-after JDMs ever built, along with the likes of the Toyota Supra and Mazda RX-7. But these decades-old sports cars are starting to get old; it is a good thing Garage Yoshida exists with a life mission to save every GT-R in the world. https://ift.tt/X6dfbKZ Japanese Workshop Wants To Save Every Nissan GT-R On The Planet Auto Updates