[Federal Register Volume 62, Number 70 (Friday, April 11, 1997)]
[Notices]
[Pages 17830-17831]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-9369]


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FEDERAL TRADE COMMISSION

[Dkt. C-3713]


Mitsubishi Motor Sales 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

[[Page 17831]]

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. The consent order 
also prohibits the respondent from misrepresenting the existence or 
amount of any balloon payment or the annual percentage rate for the 
advertised loans.

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 
Mitsubishi Motor Sales 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. 97-9369 Filed 4-10-97; 8:45 am]
BILLING CODE 6750-01-M