A new company called Wecars was formed Wednesday to take over operations at Bigmotor, a scandal-tainted Japanese used car dealer, trading house Itochu, one of the new firm’s shareholders, said. …
The Financial Services Agency plans to revoke major used car dealer Bigmotor’s registration as an insurance agent on Nov. 30 following revelations about its fraudulent auto insurance claims, financial services …
Sompo Japan Insurance President Giichi Shirakawa will step down to take responsibility for the handling of a high-profile insurance fraud involving Bigmotor, the insurer’s parent company said Friday. The major …
Amid growing public criticism, the chief of Bigmotor, one of Japan’s largest used car dealers, on Tuesday announced his intention to resign over wrongdoing by the company’s staffers. Bigmotor employees …