Author: Vitaliy Dadalyan

GE says it may face U.S. action over subprime mortgage operations

GE says it may face U.S. action over subprime mortgage operations

General Electric Co (GE.N) faces potential action by the U.S. Justice Department over allegations that its GE Capital unit and now defunct WMC Mortgage Corp unit violated U.S. law in connection with subprime mortgages, according to a regulatory filing on Friday. GE said the department "is likely to assert" violation of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) "in connection with WMC's origination and sale of subprime mortgage loans in 2006 and 2007," the filing said. "WMC and GE Capital will explore whether an acceptable settlement of this matter can be reached.


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Tuff Truck Bag – $199

Cargo in the bed of your pickup truck is exposed to all elements including inclement weather along with dry or sopping terrain in the form of dust to mud. We prefer that our belongings remain dry whether we’re in motion or stationary. The solution is the Tuff Truck Bag. Each bag is made of waterproof, […]

Tire Telematics: Where the Rubber Meets the Road

A new generation of wheel sensors may soon be transmitting surprising new types of operational information via tire telematics to fleet managers. Photo: Maxion

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In the beginning, there was the lowly brake sensor: A simple metal bar that gradually became exposed as brake pads wore away and emitted a high-pitched squeal when it was time to replace them. Antilock brake sensors followed suit, designed to alert drivers when problems arose. Eventually, tire sensors began to transmit air pressure and temperature data to drivers and, later on, to fleet managers.

Wheel end sensors today are already important given the fast evolution and adoption of active vehicle safety systems, says Fred Andersky, director of customer solutions and controls for Bendix Commercial Vehicle Systems. “Data and diagnostic trouble codes from wheel speed sensors are an integral part of active safety technologies like full-stability and collision mitigation,” he explains. “And today, this information can be sent telematically, enabling shops to be prepared to fix issues and reduce truck downtime.”

This technology sets the stage to integrate and dramatically expand the information sensors will be sending to fleets, says Joe Wolf, manager of global advanced engineering group for Maxion Wheels. Wolf and his team of engineers have been working on a new combination of connected, active wheel sensors, which he says show great promise in relaying a host of vital operating information to fleets.

“We spent the last half of 2017 developing a number of wheel-mounted sensors, data processors and transmitters that can process vehicle operating parameters,” he says. “And because this system is integrated into the truck's (or trailer's) CAN bus, it is fully integrated into that vehicle's telematics architecture and can be transmitted via telematics along with other data to fleet managers.”

Beyond the dashboard light

Wolf says the information Maxion engineers are collecting with their sensor system is ...Read the rest of this story