Government

Ally’s six-year bailout to end as U.S. sells $1.25 billion stake

7:48 pm U.S. ET | Dec. 18, 2014
Ally Financial said the Treasury will sell its remaining $1.25 billion stake in the auto lender, resolving one the largest bailouts from the financial crisis six years ago.... Read More »

 

Takata CEO takes out newspaper ads in reaction to airbag crisis

6:57 am U.S. ET | Dec. 18, 2014
Takata, the embattled airbag maker, stepped up its response to a global auto-safety crisis by distributing an open letter from its CEO in U.S. and German newspapers.... Read More »

 

Cadillac says CT6 rearview mirror will have high-res video

3:00 pm U.S. ET | Dec. 18, 2014
Cadillac plans to introduce a rearview mirror embedded with high-resolution streaming video that gives the driver more expansive rearward vision, unobstructed by headrests, passengers and the car's roof or rear pillars.... Read More »

 

Old GM tells New GM to compensate customers for faulty switches

1:04 pm U.S. ET | Dec. 18, 2014
GM customers won a key ally in their quest for $10 billion in compensation: the automaker's bankrupt predecessor, which said switch defects were illegally hidden from consumers during the company's 2009 bailout.... Read More »

 

Ford expands Takata driver-side airbag recall in U.S.

10:08 am U.S. ET | Dec. 18, 2014
Ford today expanded the recall of older-model Mustang cars that have driver-side Takata airbags with inflators to include about 502,500 vehicles.... Read More »

 

GM, Audi, Jaguar halt Russia sales on ruble's collapse

Dec. 18, 2014 13:12 CET
GM, Audi and Jaguar Land Rover temporarily stopped selling cars in Russia this week, deciding that taking a timeout from the market was the best way to deal with the ruble's collapse.... Read More »

 

Mercedes recalls 4,871 cars, SUVs in U.S. for possible oil leak

9:57 am U.S. ET | Dec. 18, 2014
Mercedes-Benz is recalling 4,871 sedans and SUVs in the United States because of a potential oil leak, according to documents filed with federal safety regulators.... Read More »

 

Takata airbag crisis may spur maintenance changes in Japan

8:54 am U.S. ET | Dec. 18, 2014
Takata's airbag crisis could spur changes to how car owners maintain their vehicles, with Japan’s automakers discussing whether drivers should regularly replace the chemicals used to inflate the safety devices.... Read More »

 

Takata says it has sufficient funds to deal with recalls

10:27 pm U.S. ET | Dec. 17, 2014
Airbag maker Takata has sufficient funds to deal with a global recall that has climbed to about 21 million vehicles after five deaths linked to its products, the company's CEO told the Nikkei newspaper.... Read More »

 

Honda ran tests on fatal airbag flaw, frustrated by Takata reticence, report says

7:34 am U.S. ET | Dec. 17, 2014
Honda was so concerned by mounting recalls for Takata airbags -- and frustrated by its supplier's failure to explain why some have exploded, killing five people with shrapnel -- that it bought used and scrapped cars in Japan to conduct its own tests.... Read More »

 

Incoming AIADA head vows to speak out on CFPB

10:15 am U.S. ET | Dec. 17, 2014
Bradley Hoffman, incoming chairman of the American International Automobile Dealers Association, says he plans to speak out about the Consumer Financial Protection Bureau's controversial positions on automotive lending.... Read More »

 

JIM HENRY

Will the CFPB redefine “larger”?

12:01 am U.S. ET | Dec. 17, 2014
Auto industry watchers that formally weighed in on the Consumer Financial Protection Bureau’s definition of “larger” auto lenders took predictable positions before the public comment period closed last week.... Read More »

 

THE GM RECALL

GM customers demand payment for 'callous cover-up' of defect

7:56 am U.S. ET | Dec. 17, 2014
Owners of General Motors cars with faulty ignition switches turned to the only judge who can help them, saying it's wrong to shield the automaker behind bankruptcy law.... Read More »

 

The road ahead for NHTSA's new chief

10:30 pm U.S. ET | Dec. 16, 2014
Mark Rosekind, confirmed to head the National Highway Traffic Safety Administration, faces immediate pressure to take a tougher stance with automakers and suppliers on safety matters, reset the agency's culture and manage the coming wave of autonomous-vehicle and other advanced technologies.... Read More »

 

U.S. prepares for legal battle with Takata over airbag recall

10:33 pm U.S. ET | Dec. 16, 2014
U.S. regulators investigating failures of Takata Corp. airbags are preparing for a legal fight in case the Japanese parts maker doesn’t comply with a request to expand a recall.... Read More »

 

Takata hires PR firm Sard Verbinnen amid airbag recall crisis

1:34 pm U.S. ET | Dec. 16, 2014
Takata said it has hired public relations firm Sard Verbinnen as the company contends with the fallout from its recall crisis for potentially defective airbag inflators that can spray vehicle occupants with metal shrapnel.... Read More »

 

Honda recalls 569,000 vehicles in China over Takata airbags

6:49 am U.S. ET | Dec. 16, 2014
Honda is calling back about 569,000 vehicles in China to investigate potential defects with airbags made by Takata, underscoring the global reach of the safety crisis after similar campaigns in the US, Canada and Japan.... Read More »

 

Jaguar Land Rover's virtual windshield makes blind spots vanish

6:15 am U.S. ET | Dec. 16, 2014
Jaguar Land Rover is testing a new 360-degree virtual urban windshield which gives drivers a full view of the environment around the car and eliminates blind spots that often lead to accidents.
... Read More »

 

Fiat Chrysler exports from Brazil to Mexico after more than 3 years

Dec. 15, 2014 21:36 CET
Fiat Chrysler has resumed exports from Brazil to Mexico after a more than three-year hiatus due to weak Brazilian demand and a more favorable exchange rate, Cledorvino Belini, chief executive officer in Latin America, said.... Read More »

 

THE GM RECALL

GM approves 4 more death claims for recall comp fund

11:21 am U.S. ET | Dec. 15, 2014
Claims for compensation from a faulty ignition switch in General Motors vehicles rose by 64 filings in the last week and GM has approved four more death claims attributed to the defective switch, according to an official report issued today.... Read More »

 

KEITH CRAIN

Big recalls are a dilemma for us all

12:01 am U.S. ET | Dec. 15, 2014
The auto industry, including the National Automobile Dealers Association, SAE International and everyone else, must come up with a comprehensive solution before this happens again.... Read More »

 

DAVID SEDGWICK

In D.C., Takata finds no friends, just cross hairs

12:01 am U.S. ET | Dec. 15, 2014
Years from now, automotive historians will agree that Takata Corp.'s fate in the U.S. was sealed during a congressional hearing on Dec. 3, 2014.... Read More »

 

Takata tightens screws on suppliers as airbag crisis mounts, report says

8:05 am U.S. ET | Dec. 14, 2014
Takata has begun enforcing tighter quality controls on a group of parts suppliers as the auto safety equipment maker boosts production to replace millions of air bags recalled for a potentially deadly defect, people familiar with the situation told Reuters.... Read More »

 

JAMES B. TREECE

FTC finds fine print too fine, imposes fines

12:01 am U.S. ET | Dec. 14, 2014
Dealers should remember Americans are getting older. And while smartphone screens are getting bigger, they're still dinky compared to that big-screen TV on your wall. Think big print.... Read More »

 

Chrysler expands airbag recall tally following NHTSA criticism

6:31 am U.S. ET | Dec. 12, 2014
Chrysler Group has agreed to further expand its regional recall of older-model Dodge and Chrysler vehicles equipped with airbag inflators manufactured by Takata -- a week after federal safety regulators criticized the automaker's response to the airbag crisis.... Read More »

 

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Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

At Bay King Chrysler, Dodge, Jeep, Ram in Hamilton, Ontario, dealer Jamie Richter has put luxury-hotel touches in his new showroom. They include concierges who see to the needs of service customers. Mon., December 15
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