Warren Buffett’s RV maker fined $5 million over safety issues


Warren Buffett’s RV maker, Forest River, has been fined at least $5 million due to safety issues.

The Associated Press reported that the Indiana-based company is on probation and could see regulators fine it an additional $30 million during the next three years, if any other safety concerns crop up.

The Transportation Department said that Forest River failed to report required data on time and also did not issue a recall quickly when problems were found in 1,000 of its camper trailers, the publication reported.

“Safety is a critical shared responsibility, and when manufacturers fail to meet their responsibility, the Department will enforce the law,” according to Transportation Secretary Anthony Foxx.

Forest River, however, is reportedly working with the government to fix the issues and it is working on guidelines for the RV industry to use at large.

View original post


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s