Tag Archives: FCA

FCA recalls 900,000 vehicles worldwide

Fiat Chrysler Automobiles has said it will recall nearly 900,000 vehicles around the world to fix issues related to airbag deployment and anti-lock braking systems. The firm said it was recalling 284,089 model-year 2003 Jeep Liberty and 2004 Jeep Grand Cherokees SUVs in the United States to replace some components linked to the deployment of airbags. The company said it […]

PPI payout deadline considered

The UK’s financial regulator, Financial Conduct Authority (FCA) is considering a deadline for claims over mis-sold payment protection insurance (PPI). It expects that PPI customers would have until some time in early 2018, meaning lenders and consumers still have more thna 2 years to make claims and settle disputes. So far more than £20bn has been paid out for PPI mis-selling […]

Jeeps USB security update criticised

Fiat Chrysler has started distributing a software patch for millions of vehicles, via a USB stick sent in the post. In July, two hackers revealed they had been able to take control of a Jeep Cherokee via its internet-connected entertainment system. The car firm has been criticised by security experts who say posting a USB stick is not the best […]

Weakness exposed in OnStar app

A researcher is advising drivers not to use a mobile app for General Motors OnStar vehicle communications system, saying hackers can exploit a security flaw in the product to unlock cars and start engines remotely. Hacker Samy Kamkar posted a video on Thursday saying he had figured out a way to ‘locate, unlock and remote-start’ vehicles by intercepting communications between […]

Fiat Chrysler fined a record £67.6m

US regulators have imposed a record fine of $105m on Fiat Chrysler (FCA) over recall failures. Under the agreement with the National Highway Traffic Safety Administration (NHTSA), the carmaker will also offer to buy back as many as 1.5 million vehicles and an independent observer will audit the company’s recall performance for three years. The fine comes just days after the firm […]

Jeep owners urged to update cars

Security boffins are urging owners of Fiat Chrysler Automobiles (FCA) cars to update their on-board software after hackers were able to take control of a Jeep and disable the engine and brakes before crashing it into a ditch. A flaw in FCA’s security for its Uconnect internet-enabled software allows hackers to remotely access the car’s systems and then control it. Unlike other cyber […]

Fiat-Chrysler faces penalties over recalls

Fiat-Chrysler Automobiles (FCA) faces action over the mishandling in the US of car recalls, according to the country’s top vehicle safety regulator. Mark Rosekind of the National Highway Traffic Safety Administration criticised FCA’s recall of 11 million cars and its handling of fatal accidents. He told a hearing in Washington of failures to inform owners of recalls, delays in repairs, […]

FCA statement on Quindell PLC

The Financial Conduct Authority (FCA) notes the statements issued this morning by Quindell PLC. The FCA can confirm that it has commenced an investigation into Quindell PLC under the Financial Services and Markets Act 2000 in relation to public statements made regarding Quindell’s financial accounts during 2013 and 2014. The FCA will liaise with other agencies regarding these matters as […]

FCA call for mergers across motor industry

The FCA has released an independent report that makes the case for a sharing of core components on a global scale, including engines and transmissions, by car manufacturers. The presentation puts forward the argument for a mass merging of engineering and development and even a merging of factories between brands. The report says, ‘It is about choosing mediocrity or fundamentally […]

FCA review reveals finance shortcomings

A Financial Conduct Authority (FCA) review has revealed that insurers and insurance intermediaries are not always providing customers with clear information about the different payment options available, when buying general insurance products. The FCA thematic review of premium finance focused on the online sale of home and car insurance and followed the customer journey up to the point where purchasers […]

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