📈 69% of S&P 500 stocks beating the index - a historic record! Pick the best ones with AI.See top stocks

BRIEF-ACCC institutes proceedings against Ford Motor Company Of Australia

Published 26/07/2017, 10:27 am
© Reuters.  BRIEF-ACCC institutes proceedings against Ford Motor Company Of Australia
F
-

July 26 (Reuters) - Australian Competition and Consumer Commission

* instituted proceedings against Ford Motor Company (NYSE:F) of Australia alleging that it engaged in "unconscionable and misleading or deceptive conduct"

* Ford Motor Company of Australia made false or misleading representations in its response to customer complaints

* complaints were about Ford'S Focus, Fiesta and Ecosport vehicles supplied in Australia between 2011 and 2016

* alleges that about half of the 70,000 vehicles sold had at least one repair relating to powershift transmission

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.