Safety and Regulation

Autoliv, ZF TRW gain from Takata's recall troubles

Aug. 13, 2015 10:33 CET

By March, Autoliv, Daicel and ZF TRW Automotive will make about 68 percent of the inflators used to repair faulty Takata airbags behind a record vehicle-safety recall. Autoliv estimates it will supply as many as 20 million replacement inflators in 2015 and 2016.... Read More »

TrueCar says it considers U.S. antitrust probe to be closed

2:01 pm U.S. ET | Aug. 12, 2015

U.S. antitrust enforcers have closed an investigation into whether auto dealers ganged up against shopping website TrueCar Inc in 2011 and 2012 in order to raise prices, TrueCar said in a securities filing today.... Read More »

U.S. sets consumer payment terms under Ally's bias settlement

11:45 am U.S. ET | Aug. 12, 2015

Consumers eligible to participate in Ally Financial's settlement with U.S. regulators over alleged discriminatory auto lending practices could receive a payment of at least $225 from the settlement fund, according to a letter sent to a refund candidate that was obtained by Automotive News.... Read More »

A former CFPB lawyer on how lenders can stay clean with the bureau

11:45 am U.S. ET | Aug. 12, 2015

The Consumer Financial Protection Bureau at times gives one consumer complaint the weight of 10,000. But there are ways auto lenders can maintain a clean reputation with the bureau, a former CFPB lawyer says.... Read More »

Takata sets campaign to alert drivers on recall for airbag risk

9:23 pm U.S. ET | Aug. 11, 2015

Takata, whose exploding airbag modules have been tied to at least eight fatalities, is planning an extensive advertising campaign to urge consumers to get the defect fixed.... Read More »

BMW looks at whether Google's Alphabet infringes trademark rights

1:24 pm U.S. ET | Aug. 11, 2015

BMW today said it was looking into whether Google infringed any trademark rights after the Silicon Valley-based group set up a new company called Alphabet, which is also the name of a BMW subsidiary.... Read More »

Santander says U.S. regulators fault auto-loan practices

6:42 am U.S. ET | Aug. 11, 2015

Santander Consumer USA said a U.S. regulatory review of auto loans it helped fund found they may have violated fair-lending laws.... Read More »

GM fund rejects 5 ignition-switch injury claims

1:47 pm U.S. ET | Aug. 10, 2015

Five of the six remaining injury claims in General Motors’ compensation fund for victims of its faulty ignition switches were rejected since the fund’s last update on Aug. 7.... Read More »

Regulator's reminder: 54.5 mpg goal isn't final yet

12:01 am U.S. ET | Aug. 10, 2015

The strict federal fuel economy targets that have triggered furious re-engineering, and some hand-wringing, across the auto industry should be regarded as just a rough draft for now, according to Christopher Grundler, the EPA's top auto industry regulator, who sought to dispel the notion that the Obama administration's 54.5 mpg corporate fleet average targeted for the 2025 model year is set in stone.... Read More »

JAMES B. TREECE

BLOG: CarMax dodges a bullet, thanks to NADA, NIADA and NAAA

12:01 am U.S. ET | Aug. 8, 2015

CarMax owes the National Automobile Dealers Association, the National Auto Auction Association and the National Independent Automobile Dealers Association an enormous thank you.... Read More »

CFPB urges Fifth Third to lower its allowable dealer reserve, report says

2:50 pm U.S. ET | Aug. 7, 2015

The Consumer Financial Protection Bureau is urging Fifth Third Bancorp to reduce the amount of dealer reserve the bank allows on its auto loans, as part of talks to settle an investigation by the agency into possible discriminatory lending practices by Fifth Third, The Wall Street Journal reported.... Read More »

Hackers turn off Tesla Model S at low speed

8:10 am U.S. ET | Aug. 6, 2015

Tesla issued a software patch to address security flaws in the Model S that could allow hackers to take control of the sedan. Cybersecurity experts took command of a Model S and turned it off at low speed, one of six major flaws they found that could allow hackers to maneuver the vehicle, a newspaper reported.... Read More »

Takata swings to Q1 profit on higher U.S. sales

Aug. 6, 2015 10:03 CET

Takata, whose airbag inflators are at the center of a global safety recall, today said it swung to a profit in its first quarter due to higher sales in the U.S., India and Southeast Asia. Net profit was $24.85 million.... Read More »

FCA hacking risk kept from regulators for 18 months

2:38 pm U.S. ET | Aug. 5, 2015

Fiat Chrysler Automobiles waited 18 months to tell federal safety regulators about a security flaw in radios being installed in more than a million vehicles that hackers later exploited to seize control of a Jeep last month.... Read More »

Volvo plans XC90 recall for third row airbag glitch

2:45 pm U.S. ET | Aug. 5, 2015

Volvo Cars is preparing a global recall and a delivery stop for 9,000-10,000 of the redesigned seven-seat 2016 XC90 crossovers for a potential airbag problem.... Read More »

RICHARD TRUETT

BLOG: Chris Grundler and the EPA hot seat

11:25 am U.S. ET | Aug. 5, 2015

You think your job is tough? Try walking in Chris Grundler's shoes at the EPA.... Read More »

Takata's tab for U.S. lobbying rises 22% as recall scrutiny intensifies

10:49 am U.S. ET | Aug. 5, 2015

Takata boosted spending on U.S. federal lobbying by 22 percent in the second quarter as it faced increased attention from regulators and lawmakers about faulty airbags behind the auto industry's largest combined parts recall in history.... Read More »

HANNAH LUTZ

BLOG: Bill limiting CFPB has long road to becoming law

12:30 pm U.S. ET | Aug. 5, 2015

The U.S. House Financial Services Committee last week moved a bill that would limit the Consumer Financial Protection Bureau's guidance over auto lending. But dealers and lenders should hold off on the celebrations.... Read More »

EPA studies potential benefits of higher octane gasoline

9:49 am U.S. ET | Aug. 5, 2015

The EPA is studying whether raising the octane level of gasoline could improve the efficiency of automobile engines, Christopher Grundler, director of the agency's office of Transportation and Air Quality told Automotive News today.... Read More »

NEWS ANALYSIS

Tensions over U.S. electric vehicle mandates spill out at MBS

8:13 am U.S. ET | Aug. 5, 2015

A long-simmering dispute between automakers and U.S. regulators over policies to promote electric vehicles spilled into the open on Tuesday, in the high stakes struggle over the future of automotive technology.... Read More »

54.5 mpg isn't a done deal, EPA official says

1:00 pm U.S. ET | Aug. 4, 2015

A top EPA official today shot down the notion that the agency has already decided to implement the 54.5 mpg corporate fleet average proposed for 2025.... Read More »

Harman calls software flaw that allowed FCA hacking an isolated case

11:34 am U.S. ET | Aug. 4, 2015

Harman International, the maker of the audio system in the Jeep Cherokee that was hacked remotely, said the software flaw that allowed that incident isn't in infotainment systems it supplies to other automakers.... Read More »

VW to roll out high-end safety tech across lineup

12:01 am U.S. ET | Aug. 3, 2015

Volkswagen Group has long sold sensor-based crash prevention systems in high-end models from Audi, Porsche and Bentley. Last week, it showed the trickle-down effect in action as it detailed plans to roll out features such as adaptive cruise control, blind-spot monitoring and automated parking across the entire U.S. lineup of the Volkswagen brand for the 2016 model year.... Read More »

Ford, Ram adopt low-tech solution for tough IIHS test

12:01 am U.S. ET | Aug. 3, 2015

After releasing a split decision on the crash worthiness of the Ford F-150, the IIHS is continuing to crash test multiple versions of other automaker's pickups. Ram, meanwhile, is taking a page from Ford's playbook.... Read More »

NHTSA uses FCA order to clean up industry

12:01 am U.S. ET | Aug. 3, 2015

The National Highway Traffic Safety Administration's July 24 consent decree with Fiat Chrysler Automobiles seeks to punish and remedy the automaker's safety shortcomings while also addressing recall issues vexing the entire industry.... Read More »

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