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HANS GREIMEL

Toyota, Mazda bet against each other in quest for 94 mpg

4:54 pm U.S. ET | Feb. 26, 2015
Japan’s largest auto manufacturer and one of its smallest are betting against each other on divergent paths to the same goal -- an incredible fuel economy rate pushing 94 mpg.... Read More »

 

U.S. Senate panel OKs auto industry whistleblower incentive

1:18 pm U.S. ET | Feb. 26, 2015
A measure that would offer financial incentives for auto industry employees to expose safety defects won unanimous backing from a US Senate panel today.... Read More »

 

Automakers choose aerospace firm to run Takata airbag tests

10:54 am U.S. ET | Feb. 26, 2015
A consortium of 10 automakers formed to investigate the root cause behind Takata airbag inflator ruptures said today they have selected Orbital ATK to test the supplier's troubled inflators on their behalf.... Read More »

 

Lada proves popular in Crimea's vacated car market

Feb. 26, 2015 13:40 CET
Lada, Russia's biggest car brand, has become a favorite in Crimea after its annexation by Vladimir Putin's government. The first official Lada dealership opened in October and local customers are now ordering up to 300 cars a month, compared with the 155 sold in 2013, when Crimea was part of Ukraine.... Read More »

 

As general election approaches, automakers fear UK exit from EU

Feb. 26, 2015 12:32 CET
Automakers with production in the UK are increasingly worried about the prospects of the country leaving the European Union. Prime Minister David Cameron has said he will offer an in-out referendum on EU membership if he wins a general election in May.... Read More »

 

U.S. orders Takata to preserve airbag inflators for federal probe

4:39 pm U.S. ET | Feb. 25, 2015
A federal safety regulator on Wednesday ordered troubled Japanese supplier Takata to preserve all airbag inflators removed through a recall process as evidence for a federal investigation and private litigation cases.... Read More »

 

Santander Consumer USA to pay $9.35 million settlement over military repos

3:07 pm U.S. ET | Feb. 25, 2015
Santander Consumer USA will pay at least $9.35 million to resolve charges that it improperly repossessed the cars of members of the military, the U.S. Department of Justice said today.... Read More »

 

Consumer Portfolio gains volume; retraining continues after FTC action

10:57 am U.S. ET | Feb. 25, 2015
Subprime auto lender Consumer Portfolio Services reported strong volume growth in the fourth quarter and for all of 2014, despite a run-in with the Federal Trade Commission last year.... Read More »

 

JPMorgan says U.S. examining racial disparities on car loans

11:03 pm U.S. ET | Feb. 24, 2015
JPMorgan Chase, the largest US bank, said it’s in talks with the Department of Justice about possible racial disparities in markups that auto dealers charged on loans.... Read More »

 

Auto loan securitization probed by U.S., states

4:50 pm U.S. ET | Feb. 24, 2015
The Justice Department and state authorities are looking into the securitization of auto loans for possible fraud as part of an effort to seek out emerging areas of abuse, Acting Deputy Attorney General Sally Quillian Yates said.... Read More »

 

Germany's IG Metall union accepts 3% wage rise in Daimler, Porsche's heartland

Feb. 24, 2015 10:47 CET
Germany's biggest trade union, IG Metall, accepted a 3 percent wage increase for the country's southwest region, home to carmakers Daimler and Porsche. The union had called for a 5.5 percent increase. Deals agreed in the region traditionally serve as a template for agreements across Germany.... Read More »

 

EPA tweaks fuel economy test to improve accuracy of mpg labels

3:37 pm U.S. ET | Feb. 23, 2015
The EPA today issued updated procedures for a critical part of fuel economy testing that some automakers have struggled with in the last two years. The update covers how automakers should calculate road load values in coast down tests, which measure the rolling resistance and aerodynamic drag of vehicles as they glide from 70 mph to a stop on a straight, flat track.... Read More »

 

GM gets 33 more claims for faulty ignition-switch compensation

11:19 am U.S. ET | Feb. 23, 2015
GM received another 33 claims for compensation for ignition switch defects in its cars in the past week, bringing the total to 4,345, according to the administrator of the company's compensation program.... Read More »

 

Is clock ticking on replacement inflators?

12:01 am U.S. ET | Feb. 23, 2015
Now that Honda has recalled more than 14 million vehicles to fix defective Takata airbag inflators, CEO Takanobu Ito says he is prepared for a difficult possibility: If the replacements also go bad someday, they would need to be replaced too.... Read More »

 

EDITORIAL

A sweet fleet deal

12:01 am U.S. ET | Feb. 23, 2015
The victor of the next Postal Service fleet contract wins a ubiquitous showcase of its innovation, utility and durability for years to come. This is a deal that would be well worth the effort.... Read More »

 

NICK BUNKLEY

Year of the Recall wasn't all GM's fault

12:01 am U.S. ET | Feb. 23, 2015
The final tally is in. In 2014, automakers sent out some 64 million recall notices in the United States, more than double the previous calendar-year record. GM was a big part of that, but plenty of others also contributed.... Read More »

 

NHTSA to fine Takata $14K a day for failing to 'fully cooperate' in airbag probe

10:31 am U.S. ET | Feb. 20, 2015
The National Highway Traffic Safety Administration today slapped Takata with a $14,000-per-day fine for failing to "fully cooperate" with the agency's investigation into exploding airbag inflators made by the supplier that have been linked to at least six deaths. NHTSA also warned Takata that it will refer the situation to the Department of Justice if it fails to remedy the situation.... Read More »

 

Tesla could open up to 12 Texas stores if legislation passes

11:28 am U.S. ET | Feb. 20, 2015
Tesla may be able to open up to 12 stores in Texas, if a group of state legislators gets its way. Under current state law, customers can purchase new vehicles only through a franchised dealership. The bills would allow customers to purchase vehicles directly from the manufacturer.... Read More »

 

PSA, Mitsubishi will halt production in Russia

Feb. 20, 2015 09:09 CET
PSA/Peugeot-Citroen and Mitsubishi will close their joint venture plant in Russia for two weeks as the country's worsening economic situation hits vehicle sales.... Read More »

 

ZF offers EU concessions in $13.5 billion TRW deal

Feb. 20, 2015 13:36 CET
ZF Friedrichshafen has offered concessions in a bid to secure European Union approval for its $13.5 billion takeover of TRW Automotive Holdings.... Read More »

 

Daicel to build U.S. airbag inflator plant earlier than planned

6:24 am U.S. ET | Feb. 20, 2015
Daicel said it would build a second US factory for airbag inflators in early 2016, bringing forward original plans partly to meet automakers' demand for alternatives to potentially deadly inflators made by Takata.... Read More »

 

GM names new top lawyer as embattled Millikin retires

9:43 am U.S. ET | Feb. 19, 2015
General Motors has named Craig Glidden, the top attorney at a global plastics and chemicals refiner, to succeed departing chief counsel Michael Millikin. Glidden, 57, oversaw legal, communications, government-affairs and compliance functions at LyondellBasell Industries, a Dutch company with US headquarters in Houston. Before that, he was general counsel at Chevron Phillips Chemical Co.... Read More »

 

Tesla joined by Koch Brothers, Sierra Club in fight with dealers

3:47 pm U.S. ET | Feb. 17, 2015
Talk about strange bedfellows. The environmental group Sierra Club and Americans for Prosperity, the political action group funded by the Koch brothers, are both backing Tesla Motors in its battle to avoid franchised dealers and sell cars direct to consumers.... Read More »

 

Weaker loonie no savior for Canada's ailing auto industry

9:06 pm U.S. ET | Feb. 17, 2015
A strong Canadian dollar has wounded the country's auto manufacturing sector over the last decade, but the currency's recent drop to a near six-year low is unlikely to spur a rush of new investment, senior industry executives say.... Read More »

 

U.S. judge says he could narrow GM's bankruptcy defense in recall cases

6:33 am U.S. ET | Feb. 17, 2015
A federal judge said if General Motors is found to have violated car owners' constitutional rights by hiding ignition-switch defects during its bankruptcy, he would consider narrowing the legal protections afforded the company under its 2009 bankruptcy sale.... Read More »

 

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