Safety and Regulation

GM fund leaves out scores hurt or killed in cars with switch flaw

10:53 am U.S. ET | July 1, 2015

GM's compensation fund for faulty ignition switches covers only 2.59 million vehicles with that specific flaw. GM says a similar defect subsequently detected in an additional 10 million vehicles is ineligible for compensation because the company recalled the cars immediately after discovering the flaw. Some victims and their advocates think GM should expand the fund for other victims.... Read More »

Honda, Toyota, Nissan captives face charges of discrimination, report says

12:00 pm U.S. ET | July 1, 2015

The captive finance arms of Honda, Toyota and Nissan may have to limit how much they allow dealers to increase the cost of auto loans after regulators accused the lenders of unintentional discrimination against minority consumers. The CFPB plans to cite American Honda Finance, Toyota Motor Credit and Nissan Motor Acceptance as early as this month for unintentional discrimination, according to consent orders American Banker obtained.... Read More »

Despite convenience, electronic registration is tough sell in many states

11:15 am U.S. ET | July 1, 2015

In 28 states, car buyers can drive off dealers' lots with their license plates in position and registration forms in hand, thanks to electronic registration at dealerships. But even with the benefits, some experts doubt that e-registration will adopt a convenient national standard or even become mandatory in all states because of legal barriers and insufficient sales in various states to justify the expense of establishing it.... Read More »

After 18 months, CFPB readies to reimburse Ally customers

11:30 am U.S. ET | July 1, 2015

In early 2014, Ally Financial, as part of a settlement over alleged discrimination in auto lending, submitted a list of potentially affected customers to the Consumer Financial Protection Bureau -- along with $80 million to be reimbursed to those customers. Now, roughly a year and a half later, the CFPB plans to begin contacting those customers in upcoming weeks to determine who gets the money.... Read More »

GM directors don't have to face ignition-switch claims

6:54 am U.S. ET | June 30, 2015

General Motors directors don't have to face investors' allegations that lax supervision allowed the company to make cars with faulty ignition systems blamed for at least 119 deaths.... Read More »

Dura owner Tilton loses bid to halt SEC proceedings

2:37 pm U.S. ET | June 30, 2015

Lynn Tilton, the owner of auto supplier Dura Automotive and the so-called Diva of Distressed, lost a bid to halt a U.S. Securities and Exchange Commission in-house disciplinary proceeding against her after a federal judge said she was powerless to do so.... Read More »

GM ignition-switch death claims rise to 119

11:32 am U.S. ET | June 29, 2015

General Motors’ defective ignition switches are now linked to 119 deaths, two more than a week ago, the office of attorney Kenneth Feinberg said.... Read More »

FCA recalls small number of SUVs over suspension complaint

6:28 am U.S. ET | June 29, 2015

Fiat Chrysler Automobiles is recalling a small number of new SUVs that may have been equipped with improperly heat-treated suspension components.... Read More »

Message to NHTSA: Reform first, funding later

12:01 am U.S. ET | June 29, 2015

In previous congressional hearings on auto safety, the National Highway Traffic Safety Administration's shortcomings in major defect cases were largely cast as the result of corporate deception and a lack of agency resources. But a yearlong audit released last week by the U.S. Transportation Department's inspector general zeroed in on NHTSA's own failures, and made clear that its problems go much deeper than funding.... Read More »

EDITORIAL

Fixing NHTSA's flaws is not NHTSA's job alone

12:01 am U.S. ET | June 29, 2015

The National Highway Traffic Safety Administration has systemic flaws that undermine its ability to police auto safety. Improving NHTSA will take work, but the basics are simple.... Read More »

Honda restates earnings after airbag recall costs increase

6:29 am U.S. ET | June 26, 2015

Honda restated its financial results for the fiscal year ended in March, to account for additional costs to cover an expanded recall of cars equipped with Takata airbags.... Read More »

Ford F-150 pickups draw NHTSA scrutiny

1:31 pm U.S. ET | June 26, 2015

Some Ford F-150 pickups from the 2011-12 model years are being investigated by the National Highway Traffic Safety Administration for a possible defect that could cause loss of power-brake assist.... Read More »

Takata cuts CEO's pay in wake of airbag crisis

6:57 am U.S. ET | June 26, 2015

Takata CEO Shigehisa Takada earned less than 100 million yen ($810,373) in the business year ended in March, or less than half of the 206 million yen ($1.67 million) he took home in the previous year, a regulatory filing showed today.... Read More »

European automakers call for CO2 emissions delay

June 26, 2015 06:15 CET

The automakers' lobby group, ACEA, has asked the European Commission, the EU's executive arm, to postpone a 2025 CO2 emissions target that is currently being worked on by officials, saying the industry needs until 2030 – or about two full model cycles – to meet a new target.... Read More »

Supreme Court ruling could favor all groups debating bias in auto lending

7:45 pm U.S. ET | June 25, 2015

The Supreme Court's decision to endorse a broad interpretation of a legal theory used to fight housing discrimination provides ammunition for groups at odds over the CFPB's power to pursue discrimination in auto lending.... Read More »

Delphi, Google deny report saying self-driving cars nearly collided

10:00 pm U.S. ET | June 25, 2015

Delphi Automotive and Google denied a report by Reuters that their self-driving prototype cars had a close call on a Silicon Valley street earlier this week.... Read More »

NEWS ANALYSIS

Should driverless cars make life-or-death decisions?

7:31 am U.S. ET | June 25, 2015

The gearheads have mostly figured out how to build driverless vehicles. Now comes the hard part: deciding whether these machines should have power over who lives or dies in an accident.... Read More »

Nissan's NYC taxi fleet plan upheld in state appeals court

4:41 pm U.S. ET | June 25, 2015

New York City's $1 billion plan for a new line of yellow cabs made by Nissan was upheld by the state's highest court today. The court rejected a challenge from fleet operators to the “Taxi of Tomorrow” plan.... Read More »

Google starts road tests of new self-driving car prototypes

2:26 pm U.S. ET | June 25, 2015

Google said it had started testing the latest prototypes of its self-driving cars on Mountain View, Calif., roads, with safety drivers aboard.... Read More »

Takata president makes public apology for airbag deaths

6:17 am U.S. ET | June 25, 2015

Takata President Shigehisa Takada made a public apology for the eight deaths and hundreds of injuries related to the company's airbags dating back more than a decade. Takada, 49, bowed and apologized at a press briefing in Tokyo after the company's annual shareholders meeting today.... Read More »

Subaru recalls 72,000 vehicles in U.S. for possible brake failure

8:56 am U.S. ET | June 25, 2015

Subaru is recalling 72,000 newer-model vehicles in the U.S. because the automatic pre-collision braking part of the driver-assist system could fail, increasing the risk of a crash, according to documents posted online by federal safety regulators.... Read More »

FCA to recall 164,000 Jeep Cherokees

1:46 pm U.S. ET | June 25, 2015

Fiat Chrysler Automobiles is launching a voluntary recall of about 164,000 Jeep Cherokee SUVs globally to install shields that protect the power liftgate control components from moisture.... Read More »

Toyota expands airbag recall to Europe

June 25, 2015 08:56 CET

Toyota is expanding a recall previously issued in North America to the rest of the world to replace potentially deadly airbag inflators made by Takata. Toyota said it would recall another 2.86 million vehicles, including 1.7 million in Europe, 360,000 in Japan and 190,000 in China.... Read More »

Ford issues 16th recall on Escape since latest redesign

9:46 am U.S. ET | June 24, 2015

Ford has issued the 16th recall on the Escape crossover since its redesign three years ago. The automaker today said it needs to fix a problem with the instrument panel on more than 200,000 Escapes and Transit Connects from the 2014 and 2015 model years.... Read More »

BB&T launches flat fees

11:45 am U.S. ET | June 24, 2015

Auto retailers working with BB&T Dealer Finance soon can expect to be paid flat fees, rather than dealer reserve, for arranging customers' loans. BB&T will launch a nondiscretionary dealer compensation program on July 1.... Read More »

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