Government

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 »

 

Honda in talks with other suppliers for Takata airbag fix, report says

7:45 am U.S. ET | Nov. 22, 2014
Honda is in talks with two airbag suppliers to help it stock replacement parts for defective Takata Corp. airbags, The Wall Street Journal reported on Friday, citing people aware of the planning.... Read More »

 

Ford says aluminum-bodied F-150's fuel economy rises up to 29%

12:35 pm U.S. ET | Nov. 21, 2014
Ford said its aluminum-bodied F-150 pickup will get as much as 29 percent better fuel economy than its mostly steel predecessor as the automaker gambles with a new design for its top-selling and most profitable model.... Read More »

 

RICHARD TRUETT

Ford F-150 mpg for 2015 is a mixed bag

3:26 pm U.S. ET | Nov. 21, 2014
In round one of aluminum vs. diesel, diesel wins. Ford's new F-150 failed to knock off the pickup fuel economy champ, the 2015 Ram 1500 EcoDiesel.... Read More »

 

Takata exec warns about ability to fix deadly airbag flaw

6:46 am U.S. ET | Nov. 21, 2014
An executive from Japan's Takata told lawmakers on Thursday the supplier is urgently trying to ramp up replacement parts for millions of vehicles fitted with potentially deadly airbags, but said it may not be able to move quickly enough.... Read More »

 

Chrysler says it will speed up recall repairs for Jeep SUVs

11:30 pm U.S. ET | Nov. 21, 2014
Chrysler Group said on Friday it was not satisfied with the speed of repairs of recalled Jeep SUVs that face a heightened fire risk and will enhance dealer communication and owner contact to accelerate the process.... Read More »

 

Toyota to recall 422,000 Lexus vehicles in U.S. due to fuel leak

11:42 am U.S. ET | Nov. 21, 2014
Toyota will recall 422,509 of its luxury brand Lexus vehicles in the United States because of a possible fuel leak that increases the risk of fire, federal regulators said today.... Read More »

 

Fatigue-expert NHTSA nominee could mean more infotainment scrutiny

3:04 pm U.S. ET | Nov. 21, 2014
The nominee to lead the National Highway Traffic Safety Administration is an expert in fatigue and pilot alertness, which signals the auto industry’s drive to bring more Internet services and infotainment into cars should get intense scrutiny.... Read More »

 

HANS GREIMEL

Japan's fugitive execs have called DOJ's bluff

9:56 am U.S. ET | Nov. 21, 2014
Are the fugitive Japanese businessmen indicted for alleged price fixing calling the U.S. government's bluff?... Read More »

 

Honda admits failures in Takata airbag fiasco

2:36 pm U.S. ET | Nov. 20, 2014
A Honda executive told Congress today that the company failed to properly notify federal regulators of some crashes in which airbags made by Takata exploded and to clearly warn customers of the danger some vehicles could pose. He also acknowledged that the automaker still doesn't know for sure the extent of the problem but said it is working to find out and to make repairs as quickly as possible.... Read More »

 

NHTSA tells Marchionne to speed up Jeep recall fix

1:58 pm U.S. ET | Nov. 20, 2014
Chrysler Group CEO Sergio Marchionne was sent a stern letter Thursday from federal regulators to speed up repairs of recalled Jeep SUVs that face a heightened fire risk.... Read More »

 

Millions of cars need airbag fix as Senate grills auto industry

6:37 am U.S. ET | Nov. 20, 2014
The world's biggest automakers have fixed a fraction of almost 8 million cars recalled for Takata airbags, providing fuel for a Senate committee the grilled industry executives today for their handling of the crisis.... Read More »

 

THE GM RECALL

GM sued by Arizona on claims it hid safety defects

6:59 am U.S. ET | Nov. 20, 2014
Arizona filed a lawsuit against General Motors, claiming the carmaker put the public at risk by concealing safety defects to avoid the cost of recalls. Arizona was seeking an estimated $3 billion from GM, the New York Times reported.... Read More »

 

U.S. lawmakers plan bill to encourage auto employees to report faulty parts

10:25 am U.S. ET | Nov. 20, 2014
Two US senators plan to introduce legislation today to encourage employees in the auto industry to report information on faulty parts to federal authorities, a spokeswoman for one of the lawmakers said.... Read More »

 

NHTSA's decision to decline Takata documents spurs criticism

10:53 am U.S. ET | Nov. 20, 2014
Five months after an exploding airbag killed a Virginia woman on Christmas Eve of 2009, the manufacturer offered the National Highway Traffic Safety Administration additional documents, but the agency said it was unnecessary because it has just closed its investigation.... Read More »

 

REUTERS SPECIAL REPORT

Takata airbag plant in Mexico with troubled past at center of probe

9:07 am U.S. ET | Nov. 20, 2014
Takata's plant in Ciudad Frontera, Mexico, has been confirmed as the source of defective airbags made in 2001 and 2002 and again around 2012, Reuters reported today, citing information from recall records, automakers and regulators. In 2006, the factory blew up -- driving home for workers and residents the volatility and risk of the explosive compound at the core of Takata's airbags.... Read More »

 

Toyota Sienna fares well in new crash test; 3 other minivans perform poorly

7:09 am U.S. ET | Nov. 20, 2014
In a front overlap crash safety tests of four minivans sold in the United States, only the latest model of the Toyota Sienna scored well, the Insurance Institute for Highway Safety said today.... Read More »

 

UK car production likely to miss full-year target on weak overseas demand

Nov. 20, 2014 12:09 CET
UK car production is unlikely to hit a full-year goal of 1.59 million as demand from key western European markets and Russia continues to fall, the SMMT industry association said.... Read More »

 

Airbag angst preceded U.S. demand for nationwide Takata recall

2:36 pm U.S. ET | Nov. 19, 2014
Consumer worries about the safety of their airbags played a key role in why federal regulators now are demanding that carmakers recall cars with Takata airbags nationwide -- even at the potential risk of endangering drivers who most urgently need replacements.... Read More »

 

BMW says its Takata inflator work moving from Mexico to Germany

7:21 pm U.S. ET | Nov. 19, 2014
Takata plans to shift production of BMW airbag inflators from Mexico to Germany, BMW said on Wednesday in a filing with federal safety regulators who have been probing questions about the quality of manufacturing at the plant.... Read More »

 

Obama nominates NTSB's Mark Rosekind to lead NHTSA

5:30 pm U.S. ET | Nov. 19, 2014
President Barack Obama nominated transportation expert Mark Rosekind to lead the National Highway Traffic Safety Administration, which has come under heavy criticism this year for a perceived slow response to major recalls and safety concerns.... Read More »

 

JIM HENRY

Free advice for consumers can be worth the price

12:01 am U.S. ET | Nov. 19, 2014
There’s a bright spot for dealerships that do a lot of business with automakers’ captive finance companies and preferred lenders, data on the website Wallet Hub show: Car manufacturers (that is, captives) charge the lowest auto loan rates for new cars, at 40 percent below average.... Read More »

 

GM getting positive reviews on Wall Street despite record recalls

8:51 am U.S. ET | Nov. 19, 2014
If relative value means anything, GM may be the best buy in the auto industry. That, at least, is the consensus of bullish analysts, who are extolling the highest-quality vehicles in decades and operating margins to go with them, even as GM suffers a record recall of cars.... Read More »

 

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