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Federal Trade Commission

FTC probes GM's certified pre-owned sales

DETROIT The Federal Trade Commission is investigating whether General Motors dealers promoted used vehicles as "certified pre-owned" despite failing to make repairs required under publicly announced recalls, the company disclosed Thursday. "On June 3, 2015, we received notice of an investigation by the Federal Trade Commission concerning certified pre-owned vehicle advertising where dealers had certified vehicles allegedly needing recall repairs," GM stated in a filing with the Securities and Exchange Commission detailing its second-quarter financial performance. "We continue to investigate these matters and believe we are cooperating fully with all requests for...

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