News

German auto industry deepens as layoffs mount
Massive job losses in the German automotive industry are announced almost daily. The supplier industry is being decimated by insolvencies.
EconomyNext8h
Sri Lanka to auction state-owned Porsche Cayenne, SUVs
Sri Lanka is auctioning a number state owned luxury cars and SUVs made during the last 10 years, including a Porsche Cayenne, ...
EconomyNext7h
Sri Lanka rupee opens stronger, some bond yields down
Sri Lanka’s rupee opened at 298.46/50 to the US dollar in the spot market Thursday, stronger against Wednesday’s close of 298 ...
Trump’s Consumer Watchdog Lets Toyota Off The Hook For Tricking Buyers
In late 2023, the CFPB concluded that the automaker’s financing company, Toyota Motor Credit Corporation, had lied to ...
Feds Cancel $60 Million Settlement with Toyota Over Allegations of Illegal Lending Practices
The Consumer Financial Protection Bureau is shrinking its scope under President Trump, and Toyota is among the companies ...
ConsumerAffairs21h
Consumer watchdog CFPB cancels multi-million dollar Toyota, Walmart settlements
The Consumer Financial Protection Bureau (CFPB) has canceled major enforcement actions against Toyota and Walmart, including ...
Automotive News19h
U.S. consumer finance watchdog scraps Toyota settlement
The U.S. Consumer Financial Protection Bureau has canceled a 2023 settlement with the financing arm of Toyota over allegations the auto giant illegally steered thousands of consumers into costly and ...
European Union accuses TikTok of breaching digital rules its ad database falls short
European Union regulators accused TikTok on Thursday of breaching digital safety rules because of shortcomings in the video sharing app's online ad database.