Tag - bigmotor

 
 

BIGMOTOR

Wecars President and CEO Shinjiro Tanaka (center) at a news conference in Tokyo on Wednesday
BUSINESS / Companies
May 1, 2024
New firm formed to take over Bigmotor's operations
Wecars took over around 250 outlets and some 4,200 employees from Bigmotor, and its board of directors does not include former members of Bigmotor's board.
A Bigmotor outlet in Tama, Tokyo, in September
BUSINESS / Companies
Mar 6, 2024
Itochu announces turnaround support for Bigmotor
Itochu is considering investing ¥20 billion in a new company to take over Bigmotor's key assets.
The severed trunk of a roadside tree in front of a Bigmotor dealership in the city of Saitama, in July. Police authorities have received 51 reports of damage apparently caused by the company's practices of felling and killing with herbicides trees on the streets in front of its stores.
JAPAN / Crime & Legal
Jan 31, 2024
First Bigmotor employee arrested over alleged removal of roadside trees
Toshiyuki Kamohara, 51, is believed to have instructed staff at the company's Kawasaki outlet to cut down trees near the store.
Sompo Holdings' Kengo Sakurada is planning to step down as the company's CEO at the end of March.
BUSINESS / Companies
Jan 23, 2024
Sompo Holdings' CEO to resign over handling of Bigmotor wrongdoing
The Financial Services Agency has ended its on-site inspections of Sompo Holdings and Sompo Japan and is expected to issue business improvement orders.
Bigmotor's registration as an insurance agent will be revoked later this month.
BUSINESS / Companies
Nov 14, 2023
FSA to revoke Bigmotor's registration as insurance agent
The planned penalty follows an investigation into widespread acts at Bigmotor of deliberately damaging customers' vehicles to pad insurance claims.
The transport ministry holds a hearing session for Bigmotor on Friday in Nagoya. Bigmotor officials did not show up.
BUSINESS / Companies
Oct 20, 2023
Transport ministry moves to punish Bigmotor outlets over fraud
Violations by the used car chain have included overcharging customers for inspection and maintenance fees.
Whistleblower reports on Bigmotor's fraudulent activities prompted Sompo Japan and two other major nonlife insurers to suspend customer referrals to Bigmotor in June last year, but Sompo Japan soon resumed the referrals.
BUSINESS
Oct 11, 2023
Panel raps Sompo Japan's resumption of business with Bigmotor
The report said the resumption of business was caused by concerns among Sompo Japan execs about possibly losing deals with Bigmotor to rivals.
Financial Services Agency officials enter Bigmotor's Tama outlet in western Tokyo on Tuesday.
JAPAN / Crime & Legal
Sep 19, 2023
Watchdog starts on-site probe of Bigmotor and Sompo Japan
The investigation aims to dig deeper into the insurance fraud scandal by the leading used-car dealer. The probe is likely to take several months.
Police investigators head to Bigomotor's headquarters on the 20th floor of the Roppongi Hills complex in Tokyo's Minato Ward from an underground parking on Friday.
JAPAN / Crime & Legal
Sep 15, 2023
Bigmotor headquarters searched over dying roadside trees
The land ministry said soil sampled near a number of outlets in various prefectures along national roads were found to contain herbicide ingredients.
Transport ministry officials leave a Bigmotor dealership in Nagoya on Friday after conducting on-site inspections.
BUSINESS / Companies
Jul 31, 2023
Bigmotor suspected of fabricating insurance contracts
The news came on top of an investigation report that showed employees padded maintenance fee claims to insurance firms by deliberately damaging cars.
Transport ministry officials enter a Bigmotor dealership in Sapporo on Friday for an on-site inspection.
BUSINESS / Companies
Jul 28, 2023
Transport ministry conducts on-site probe of Bigmotor amid scandal
The surprise inspection, which covered dealerships in 24 prefectures, came after the ministry interviewed Bigmotor executives including newly appointed President Shinji Izumi on Wednesday.
Bigmotor's cozy relations with insurers have come to light in the wake of its scandal over fraudulent auto insurance claims.
BUSINESS / Companies
Jul 27, 2023
Repair fraud scandal spotlights cozy ties between Bigmotor and insurers
Japanese used car dealer Bigmotor's scandal over fraudulent auto insurance claims has spotlighted its cozy relations with major insurers.
Bigmotor President Hiroyuki Kaneshige (center) apologizes for improper conduct by the company's employees at a news conference in Tokyo on Tuesday.
BUSINESS / Companies
Jul 25, 2023
Bigmotor chief to resign in wake of repair fraud scandal
Employees were found to have intentionally damaged the vehicles of some customers in order to charge excessive repair fees and make fraudulent insurance claims.
Japan Times
BUSINESS
Jul 19, 2023
Bigmotor releases report on insurance fraud
According to the report, 61 workers, or nearly 60% of 104 surveyed employees, said they had been ordered by their supervisors to pad car repair charges to receive bigger insurance payouts.

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?