The Car and Truck Fleet and Leasing Management Magazine

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September 17, 2015

GM Settles Criminal, Civil Ignition-Switch Cases

The criminal case settlement with federal prosecutors requires payment of $900 million and the hiring of an independent monitor to oversee the company’s safety practices.

November 9, 2014

Video: Air Bag Supplier Facing Criminal Probe

The U.S. Justice Department has launched a criminal investigation of Takata Corp., the Japanese automotive safety equipment supplier whose defective air bag inflators have led to the recall of about 11 million vehicles in the U.S.

August 14, 2014

Former U.S. Attorney to Monitor Toyota Safety

The appointment, made by the U.S. Department of Justice, is part of Toyota's deferred prosecution agreement reached in March.

June 13, 2014

Feds Indict Automotive Exec for Seat Belt Price Fixing

A former Takata Corp. sales executive faces criminal charges that carry a maximum prison term of 10 years.


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A specialized version of an open end lease used in the United States primarily for automobiles and light-duty trucks. TRAC is an acronym for "Terminal Rent Adjustment Clause," an arrangement featuring a final rental adjustment on the lease which occurs after the vehicle is removed from service and sold.

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