[Federal Register Volume 62, Number 70 (Friday, April 11, 1997)]
[Notices]
[Page 17830]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-9368]
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FEDERAL TRADE COMMISSION
[Dkt. C-3714]
Mazda Motors of America, Inc.; Prohibited Trade Practices, and
Affirmative Corrective Actions
AGENCY: Federal Trade Commission.
ACTION: Consent order.
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SUMMARY: In settlement of alleged violations of federal law prohibiting
unfair or deceptive acts or practices and unfair methods of
competition, this consent order prohibits, among other things, a
California-based automobile manufacturer from misrepresenting the total
amount due at lease inception, requires the manufacturer to provide
consumers with clear, readable, and understandable cost information in
their car lease and financed purchase advertising, requires
advertisements that reference an initial payment or state that no
initial payment is due to clearly and conspicuously disclose, as
applicable, that the deal is a lease, and to disclose the fact that an
extra charge may be imposed at the end of the lease based on the
residual value of the car.
DATES: Complaint and Order issued February 6, 1997.\1\
\1\ Copies of the Complaint and the Decision and Order are
available from the Commission's Public Reference Branch, H-130, 6th
Street & Pennsylvania Avenue, N.W., Washington, D.C. 20580.
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FOR FURTHER INFORMATION CONTACT:
David Medine, FTC/S-4429, Washington, D.C. 20580. (202) 326-3224.
SUPPLEMENTARY INFORMATION: On Thursday, December 5, 1996, there was
published in the Federal Register, 61 FR 64524, a proposed consent
agreement with analysis In the Matter of General Motors Corporation and
Mazda Motors of America, Inc., for the purpose of soliciting public
comment. Interested parties were given sixty (60) days in which to
submit comments, suggestions or objections regarding the proposed form
of the order.
No Comments having been received, the Commission has ordered the
issuance of the complaint in the form contemplated by the agreement,
made its jurisdictional findings and entered an order to cease and
desist, as set forth in the proposed consent agreement, in disposition
of this proceeding.
(Sec. 6, 38 Stat. 721; 15 U.S.C. 46. Interpret or apply sec. 5, 38
Stat. 719, as amended; 82 Stat. 146, 147; 15 U.S.C. 45, 1601, et
seq.; 15 U.S.C. 1667-1667e; 12 CFR 226)
Donald S. Clark,
Secretary.
[FR Doc. 97-9368 Filed 4-10-97; 8:45 am]
BILLING CODE 6750-01-M
