Government

Takata airbag rupture in Japan signals more automaker recalls

6:36 am U.S. ET | Nov. 26, 2014
Japan's transportation ministry said a Takata airbag ruptured in a model not covered by existing recalls, suggesting automakers may have to expand safety campaigns to replace the devices linked to five deaths.... Read More »

 

NHTSA orders Takata to undertake national airbag recall

11:34 am U.S. ET | Nov. 26, 2014
U.S. regulators formally demanded Takata take part in a nationwide recall of defective airbags, saying the company's piecemeal approach to fixing a potentially deadly flaw in millions of cars is insufficient.... Read More »

 

JIM HENRY

Military ends paycheck deductions for car loans

12:01 am U.S. ET | Nov. 26, 2014
The Department of Defense last week made it impossible for service members to use the reliable but old-fashioned military allotment system to make auto loan payments -- a small-scale example of a couple of bad apples in auto lending ruining things for everyone else.... Read More »

 

More subprime lenders are on the hot seat

11:30 am U.S. ET | Nov. 26, 2014
Three regulatory agencies -- two in New York and the Consumer Financial Protection Bureau in Washington -- have taken distinct actions recently against three different subprime auto lenders.... Read More »

 

GM ordered to produce ex-CEO Wagoner's 2009 performance review

8:34 am U.S. ET | Nov. 26, 2014
A U.S. judge told GM to give customers details of former CEO Rick Wagoner's 2009 performance evaluation about recalls of unsafe cars and ignition switch issues, according to an order signed Tuesday.... Read More »

 

Chrysler pressed by NHTSA to move faster on Takata airbag recall

8:50 pm U.S. ET | Nov. 25, 2014
U.S. regulators told Fiat Chrysler Automobiles to speed up its recall of airbags with faulty inflators linked to at least five deaths. NHTSA said in a letter Tuesday to the company that it should begin its recall of cars with Takata airbags Dec. 1, almost three weeks earlier than the company planned.... Read More »

 

Japanese regulators to oversee Takata recalls, investigate Honda's recall errors in U.S.

6:30 am U.S. ET | Nov. 25, 2014
Japan's transport ministry will form groups to oversee airbag recalls tied to Takata Corp. and probe Honda Motor Co. for underreporting faults in the U.S., adding to regulatory scrutiny of the two companies.... Read More »

 

Canada helped bail out GM, Chrysler with incomplete information, auditor finds

12:19 pm U.S. ET | Nov. 25, 2014
Canada had limited information about the restructuring plans of GM and Chrysler Group when the government approved a $12.1 billion bailout for the automakers in 2009, federal auditors said.... Read More »

 

NHTSA closes probes into 600,000 Ford, GM vehicles

10:41 am U.S. ET | Nov. 25, 2014
Safety regulators have closed investigations into about 500,000 Ford Motor and about 100,000 General Motors vehicles without calling for recalls, the National Highway Traffic Safety Administration said today.... Read More »

 

100,000 Mazda6 sedans recalled for tire-monitoring systems

10:17 am U.S. ET | Nov. 25, 2014
Mazda is recalling about 100,000 of its Mazda6 sedans from the 2014 and 2015 model years because the tire monitoring system may not alert drivers to low tire pressure, U.S. regulators said today.... Read More »

 

Takata to face U.S. House hearing into airbag crisis

6:00 pm U.S. ET | Nov. 24, 2014
Takata and Honda executives will return to Capitol Hill next week to testify about the growing safety crisis surrounding Takata airbag inflators that may explode in a crash. A subcommittee of the House Energy and Commerce Committee scheduled a hearing for Dec. 3 to examine the management and response of the industry and auto safety regulators to the Takata airbag recalls.... Read More »

 

Honda admits under-reporting serious U.S. accidents since 2003

4:00 pm U.S. ET | Nov. 24, 2014
American Honda failed to tell federal safety regulators about more than 1,700 claims of deaths or injuries linked to possible safety defects in its vehicles since 2003, when the law requiring the reports took effect, the automaker said today.... Read More »

 

GM executives help scour social media to spot vehicle flaws

10:15 pm U.S. ET | Nov. 24, 2014
GM executives and other staff members have taken to social media to find customer complaints and identify quality issues long before they become a crisis.... Read More »

 

THE GM RECALL

Conviction of Saturn Ion driver thrown out after 10 years

1:00 pm U.S. ET | Nov. 24, 2014
A Texas judge today overturned a 7-year-old negligent homicide conviction against a woman whose boyfriend died when her Saturn Ion -- now known to have had a defective ignition switch -- crashed, her lawyer said.... Read More »

 

Airbag inflator shortage plagues industry

12:01 am U.S. ET | Nov. 24, 2014
Honda and other automakers that have recalled vehicles equipped with Takata airbags are trapped in a nasty dilemma. Even if automakers fend off federal regulators' request for a nationwide recall of driver-side airbags, it could take two years or so for Takata to produce enough replacement airbag inflators.... Read More »

 

FROM HANDICAP TO HANDY SOLUTION

Ghosn: Nissan will fill gaps with Japanese imports

12:01 am U.S. ET | Nov. 24, 2014
As Nissan Motor Corp. pushes to boost U.S. market share and cut reliance on Japanese imports, it's clear which goal takes priority: selling more vehicles. Even if it takes more imports to do it. Nissan CEO Carlos Ghosn says the devalued yen has made his Japanese plants an acceptable solution to augment North American production as the company stretches for a 10 percent U.S. market share.... Read More »

 

Now that's what I call a comeback

12:01 am U.S. ET | Nov. 24, 2014
It's official. The comeback that has followed the bottoming out of auto sales in 2009 has some serious legs. In fact, it's the longest-lasting post-recession sales rebound in modern history.... Read More »

 

South Korea embraces European imports. Yes, South Korea

12:01 am U.S. ET | Nov. 24, 2014
Here is a fairly stunning statistic: South Koreans, long viewed as among the most nationalistic of car buyers, are on track to spend more on vehicle imports from Europe this year than their country takes in from its own vehicle exports.... Read More »

 

RICHARD TRUETT

How Sprinter dodges the chicken tax

12:01 am U.S. ET | Nov. 24, 2014
Daimler has devised a reasonably efficient system designed to avoid the "chicken tax." Between 66 and 74 Sprinter vans a day roll off the 17-station line five days a week in South Carolina. This after being built, then disassembled in Germany. The gyrations some automakers perform to avoid the 25 percent tariff seem wasteful and crazy.... Read More »

 

EDITORIAL

More time for victims

12:01 am U.S. ET | Nov. 24, 2014
General Motors is right to extend the deadline for victims of faulty ignition switches to apply for compensation. The cut-off date has been extended a month to Jan. 31.... Read More »

 

BEST PRACTICES

Cardinale group makeover flexes digital muscle

12:01 am U.S. ET | Nov. 24, 2014
In 2008, the recession was raging, and dealer Joe Cardinale decided to make some changes. He committed heavily to online sales and marketing, and parted ways with third-party lead providers, developed his own systems and software to manage his online presence. And he set stringent goals for his staff and held them accountable for results. It has worked wonders.... Read More »

 

BMW, Mercedes gain in once-impregnable Korea

Nov. 23, 2014 06:01 CET
South Korea's car imports have leapt from 3 percent of sales a decade ago to 14 percent today as foreign brands led by Germany's BMW and Mercedes take advantage of a free trade deal to grow sales in a once-impregnable market.... Read More »

 

Frustrated senators blast Takata, signal more safety legislation

12:01 am U.S. ET | Nov. 23, 2014
Senators' frustration with what they see as an inconsistent and disorganized response to the Takata airbag recall crisis boiled over last week, signaling a push for more auto safety regulations.... Read More »

 

Study slams CFPB's proxy methodology

12:01 am U.S. ET | Nov. 23, 2014
The statistical method the Consumer Financial Protection Bureau uses to identify which consumers belong to minority groups correctly identified African-American borrowers only 24 percent of the time. That was one of the findings of a nearly yearlong study commissioned by the American Financial Services Association, a lender group with offices in Washington.... Read More »

 

PHILIP NUSSEL

Automakers can stop supplier price-fixing now, but will they?

12:01 am U.S. ET | Nov. 22, 2014
Auto supplier price-fixing is a global criminal epidemic that stifles fair competition, inflates the cost of components for automakers, erodes investor confidence and rips off the customer. The auto industry can make it all stop right now, but will they?... Read More »

 

 
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