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Japanese firm Honda to pay $24m to settle race discrimination claim

  • Japanese firm Honda has agreed to pay $24 million to settle discrimination claims in the US.

    The firm allegedly charged black and Hispanic owners higher rates of interest on car loans, an investigation by US regulators revealed.

    They paid $250 more, on an average, compared to white customers, irrespective of creditworthiness.

    In a statement, Honda said that it “strongly opposes” discrimination in any form. However, the company said that it disagreed with how the regulators had determined discrimination.

    Tagged as: Japanese firm, Honda, discrimination claims, US, black, Hispanic owners, car loans, white customers, creditworthiness, business news