Auto News for Feb. 7 – What is a “Certified” Used Car?

  The Center for Auto Safety is among several groups that have filed suit against the Federal Trade Commission over what constitutes a “certified” used car.

 At issue is an FTC decision that would allow the sale of certified used cars without getting safety recall repairs performed. They would carry a disclaimer that said they may be “subject” to a safety recall.

 “The FTC’s Consent Orders set a de-facto standard for the auto industry that allows dealers to deceptively advertise cars with dangerous and potentially lethal safety defects that have killed and maimed people,” the center said in a press release. 

 The groups want an appellate court to review and overturn the FTC decision. As of this writing, there has been no comment from the commission.

 General Motors apparently pleased Wall Street with its earnings release this morning. Shortly after the figures came out GM shares rose 1.4 % in pre-market trading. Strong demand for GM trucks, SUV’s and crossovers resulted in a record operating profit for all of 2016. For the fourth quarter, GM reported earnings per share of $1.28, well above Wall Street’s expectations of $1.17.

 Before one can sell electric cars you need to find some electric motors. To that end, Honda and Hitachi have announced a joint venture to research, produce and sell them. These types of alliances have been popular among auto makers because it reduces development costs. Hitachi will own 51 percent of the new venture, with Honda claiming the rest.

 Toyota and Lexus received five awards as U.S. News and World Report selected its Best Cars for the Money.   Honda and its luxury line, Acura, received four awards. Chrysler’s Pacifica was named best minivan.

 

 

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