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Honda Cars India will launch its next vehicle, the BR-V, which it describes as a “crossover utility vehicle”, early next financial year. It will be pitted against the likes of Renault Duster, Hyundai Creta, Ford EcoSport and Mahindra TUV3OO. Hispanic borrowers paid over $200 more, it added. Ally’s case will likely set a precedent for how millions of dollars turned over by other auto lenders—including American honda finance Corp. and Fifth Third Bancorp FITB-0.97 % —will be distributed Honda was supposed to release an NSX with V10 engine in 2009, but the Global Financial Crisis got in the way. The firm only revived its dream of building a supercar in 2012, but a hybrid system and the twin-turbo 3.5-liter V6 engine replaced the old V10 Earlier this year, Honda's chief executive said the Japanese automaker expects to boost China sales in the current fiscal year as demand among younger consumers helps it shake off jitters about the country's economy and financial markets. (Reporting by All honda finance offers are subject to status and terms & conditions, please check with your local Honda dealer for further information. These deals are available until the end of June 2013. Editor's note: Kenneth Rojc is managing partner of the auto-finance group at Chicago law firm Nisen & Elliott. His credentials were misstated in an earlier version of this story. Follow American honda finance Corp.’s lead. That’s what regulators are .
American Honda Finance Corp. agreed to pay as much as $25 million to settle discriminatory lending allegations as the U.S. has stepped up its scrutiny of car loans, the third-largest source of household debt. The Honda unit that finances auto loans in the A U.S. auto finance arm of Honda Motor will pay $24 million in restitution over allegations that its loan pricing practices caused minority customers to pay higher interest rates than white borrowers did, U.S. regulators said on Tuesday. The U.S. Consumer Buying Honda Certified Entitles You to Interest Rates as Low as 1.99% We will take your current vehicle on trade, assist with financing your new vehicle and paying off your current loan…Call or email for details. Every vehicle has been thoroughly The Consumer Financial Protection Bureau (CFPB) and the Department of Justice (DOJ) late Tuesday announced a settlement with Honda Finance Corporation over unfair borrowing practices for minority auto buyers. The consumer agency says the settlement will .
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