Safety and Regulation

JAMES B. TREECE

How to end predatory auto-loan practices

12:01 am U.S. ET | Sept. 29, 2014
Americans won't abide companies that gouge minorities and other vulnerable consumers. By acting aggressively to adopt and publicize the NADA and AFSA solution, auto retailers and lenders can show they are determined to fight discrimination before the heavy hand of government steps in.... Read More »

 

CO2 from new cars in Europe 38% worse than promised, study says

Sept. 29, 2014 18:06 CET
European cars probably discharged 38 percent more CO2 on real-world roads last year than their ratings promised, a transportation lobby group said. That means more fuel, costing the average consumer an extra 450 euros a year.... Read More »

 

Toyota to recall 690,000 Tacomas in U.S. to fix suspension

1:12 pm U.S. ET | Sept. 29, 2014
Toyota said it would recall about 690,00 Tacoma 4X4 and Tacoma pre-runner pickup trucks in the U.S. to fix issues with the vehicles' rear suspension system.... Read More »

 

THE GM RECALL

Deaths linked to GM ignition-switch defect rise to 23

12:03 pm U.S. ET | Sept. 29, 2014
The number of deaths linked to a faulty ignition switch in General Motors cars rose by two last week to 23, according to a report today from the lawyer overseeing a program set up to compensate accident victims.... Read More »

 

Chrysler SUVs, pickups and minivans subject of safety petition to U.S. regulators

9:58 am U.S. ET | Sept. 29, 2014
A safety advocate group has petitioned federal regulators to open an investigation into an estimated 4.9 million Chrysler vehicles for issues that could lead to engine stalls and other problems, according to documents posted online by the U.S. National Highway Traffic Safety Administration.... Read More »

 

GM victim fund begins payout offers

12:01 am U.S. ET | Sept. 29, 2014
The compensation fund that General Motors created in response to its ignition-switch recalls began offering multimillion-dollar payments to crash victims and their families last week.... Read More »

 

Opel says Adam, Corsa need checks for faulty steering

Sept. 26, 2014 22:16 CET
Opel has said that 8,000 of its Adam minicars and Corsa subcompacts delivered to customers in Europe since May 2014 need to be checked for faulty steering parts.... Read More »

 

Takata airbag recall may expand to include GM vehicles

5:47 pm U.S. ET | Sept. 26, 2014
The regional recall of millions of U.S. vehicles with potentially defective airbags made by Takata may be expanded to include GM models, according to documents filed this week with U.S. regulators.... Read More »

 

Iowa pulls the plug on Tesla test drives

4:10 pm U.S. ET | Sept. 26, 2014
Tesla Motors cut short a test-drive event in Iowa earlier this month after state regulators said the electric-vehicle maker was improperly acting as a dealer.... Read More »

 

Ford recalls 850,000 vehicles for glitch affecting airbags, seat belts

10:56 am U.S. ET | Sept. 26, 2014
Ford is recalling 850,050 2013 and 2014 vehicles for an electrical flaw that could cause airbags and seat belt pretensioners to malfunction in the event of a crash. The affected vehicles include the 2013-14 Ford C-Max, Fusion, Escape and Lincoln MKZ. Ford said the restraints-control module in the vehicles could short circuit, causing the airbag warning indicator to illuminate.... Read More »

 

HANS GREIMEL

Why climate change could stall growth in emerging markets

12:01 am U.S. ET | Sept. 26, 2014
Auto executives have long salivated over the huge future sales possible in emerging markets. But a new economic forecast says surging greenhouse gases, spurred partly by auto emissions, will throw cold water on that once-anticipated development boom.... Read More »

 

HANS GREIMEL

Why climate change could stall growth in emerging markets

6:51 am U.S. ET | Sept. 25, 2014
Auto executives have long salivated over the huge future sales possible in emerging markets as their teeming, upwardly mobile masses migrate from motorbikes to cars. So imagine the irony behind a new economic forecast that says surging greenhouse gases, spurred partly by auto emissions, will throw cold water on that once-anticipated development boom.... Read More »

 

THE GM RECALL

GM ignition-switch victim's family to accept compensation offer, lawyer says

1:43 pm U.S. ET | Sept. 25, 2014
The family of at least one victim killed in a General Motors vehicle with a faulty ignition switch will accept an offer from a program set up to provide compensation for crash injuries and deaths, a lawyer for the family said today.... Read More »

 

Barra lands on Time cover and back in the spotlight

1:34 pm U.S. ET | Sept. 25, 2014
After months of blistering criticism, lampoons and scrutiny of General Motors, CEO Mary Barra is venturing back into the media spotlight after an initial rush of positive publicity early this year when she became the first female CEO of a major automaker. Barra made appearances in New York this week, and today she is the subject of Time magazine's cover story.... Read More »

 

Chrysler recalls nearly 350,000 vehicles from 2008 to fix ignition switches

2:52 pm U.S. ET | Sept. 25, 2014
Chrysler is recalling an estimated 349,442 vehicles from the 2008 model year to fix an ignition switch problem. The automaker says it will correct conditions that may cause ignition keys to become stuck or inadvertently move. The vehicles were produced before May 12, 2008.... Read More »

 

EU orders Germany to stop backing Mercedes' use of banned refrigerant

Sept. 25, 2014 16:00 CET
The EU has ordered Germany to stop backing Mercedes' use of a banned car refrigerant within two months or face court action and possible fines. Mercedes is refusing to use an alternative refrigerant citing safety concerns.... Read More »

 

Renault recalls Clio, Kangoo on brake problems

Sept. 25, 2014 11:04 CET
Renault has recalled about 402,000 units of its top-selling Clio subcompact and 64,000 Kangoo vans because of brake problems. The Renault-built Mercedes Citan also has been affected, resulting in the second recall for the van since May 2013.... Read More »

 

GM compensation fund makes first offers to victims, receives more claims

6:09 pm U.S. ET | Sept. 24, 2014
The fund created to compensate for deaths or injuries linked to General Motors vehicles with faulty ignition switches this week made its first cash offers to about 15 people, the office of the lawyer overseeing the program said on Wednesday.... Read More »

 

Q&A

CFPB’s new rule ups costs for small lenders, creates unlevel field

12:01 am U.S. ET | Sept. 24, 2014
The Consumer Financial Protection Bureau’s proposed new rule extending its jurisdiction to include “larger participant” nonbank auto lenders has some shortcomings, says Bill Himpler, executive vice president of the American Financial Services Association.... Read More »

 

JIM HENRY

Auto finance industry still paying for past sins

12:01 am U.S. ET | Sept. 24, 2014
Consumer Financial Protection Bureau regulators seem to have a caricature of a plaid, polyester sport coat-wearing car salesman in mind when they talk about auto retailing.... Read More »

 

GM creates product cybersecurity post

5:34 pm U.S. ET | Sept. 23, 2014
General Motors hired its first product cybersecurity chief in a move designed to address the growing challenge of providing safe, secure and reliable technology in vehicles.... Read More »

 

Lotus halts U.S. sales for 2015 model year

3:56 pm U.S. ET | Sept. 23, 2014
Boutique British sports car maker Lotus may be due for a pit stop in the U.S. The only Lotus model sold in the U.S., the Evora, is being dropped for the 2015 model year because it no longer meets U.S. federal crash standards.... Read More »

 

Yazaki will pay $100 million to settle U.S. price-fixing claims

11:40 am U.S. ET | Sept. 23, 2014
Wire harness market leader Yazaki, which paid the largest federal criminal fine so far in a three-year prosecution of automotive supplier price-fixing, also will shell out the largest civil settlement -- $100 million -- in related settlements.... Read More »

 

California targets zero emission vehicles as Brown signs new laws

1:05 pm U.S. ET | Sept. 23, 2014
California Governor Jerry Brown has a moonshot goal for the world's eighth-largest economy as he seeks to lead the global fight against climate change: 1.5 million zero-emission cars on state roads in the next decade.... Read More »

 

Fiat Chrysler orders global recall of SUVs for fuel-pump problem

Sept. 23, 2014 12:08 CET
Fiat Chrysler is recalling an estimated 230,760 Jeep and Dodge SUVs globally due to a fuel-pump issue that could cause the vehicles to stall or not start. The automaker said it was unaware of any accidents or injuries related to the issue.... Read More »

 

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