Government

JIM HENRY

N.Y. Times story on subprime offers feds ammunition

12:01 am U.S. ET | July 23, 2014
A withering account of subprime auto lending in Sunday's New York Times reinforces bad stereotypes about used-car dealers, smears subprime lenders and their investors, takes out of context an increase in delinquencies and loan losses from record lows, and provides ammunition to auto finance industry critics in Washington....
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DAVE GUILFORD

Maybe the EPA should just hire Consumer Reports for mpg ratings

10:10 am U.S. ET | July 23, 2014
Maybe the federal government should adopt Consumer Reports as a model for fuel economy testing. Or just outsource the task to the magazine....
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Chrysler recalls older Jeep Commanders and Grand Cherokees for ignition switch

4:15 pm U.S. ET | July 22, 2014
Chrysler Group will recall as many as 792,300 2006-07 Jeep Commanders and 2005-06 Jeep Grand Cherokees globally to fix ignition switches that could be knocked out of the “on” position, causing a stall and possible loss of power to the airbags. Engineers are still developing a fix, and the company says it is initiating a recall “out of an abundance of caution.”...
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Kia in talks to open $1.5 billion Mexico assembly plant, report says

6:52 pm U.S. ET | July 22, 2014
Kia is in talks with Mexico to open a new auto assembly plant worth at least $1.5 billion, officials from Nuevo Leon's state government told Reuters. The factory, which sources say will have an annual capacity of some 300,000 cars, would be built on the northeastern fringe of the city of Monterrey....
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Sogefi reports first-half loss on restructuring costs, Brazil downturn

July 22, 2014 15:29 CET
Italian supplier Sogefi reported a first-half net loss, hit by restructuring costs, the negative impact of the strong euro on South American currencies and a sharp slowdown in the Brazilian market....
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New F-150's fuel economy will improve, but can it best Ram 1500?

2:50 pm U.S. ET | July 22, 2014
Ford's new aluminum-bodied 2015 F-150 pickup coming this fall might not be able to beat Chrysler Group's Ram 1500 and claim best-in-class fuel economy....
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KEITH CRAIN

No end in sight to GM mess

12:01 am U.S. ET | July 21, 2014
Last week brought more revelations about General Motors and the infamous ignition switch, and there was more grueling testimony, from executives at GM and Delphi....
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WATCH THE ROAD

New head-up displays could change views for drivers and the industry

12:01 am U.S. ET | July 21, 2014
Head-up displays with "augmented reality," the technology that employs much of the windshield as a display area for data and images, is poised to significantly change how drivers see the road....
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Automakers await the details of EPA plan for mpg road tests

12:01 am U.S. ET | July 20, 2014
Automakers see merit in an EPA proposal that would require them to road test vehicles to verify mileage claims, but they are unclear on how the tests would be handled....
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THE GM RECALL

Top lawyer keeps pall over GM

12:01 am U.S. ET | July 19, 2014
The changing perception among some of GM CEO Mary Barra's toughest critics suggests that she is maneuvering GM out of the worst of the recall crisis. But the praise came with a scorching indictment of her decision not to fire chief counsel Michael Millikin....
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GM halts sale of some Cadillac CTS models over switch issue

7:24 pm U.S. ET | July 19, 2014
GM ordered Cadillac dealers to stop selling some versions of the CTS because the automaker does not have a fix yet for cars recalled in late June over an issue where engines can be shut off if the driver's knee bumps the ignition key....
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Japan to dangle nearly $20,000 in subsidies to spur fuel-cell sales

9:05 am U.S. ET | July 19, 2014
Japan's government will offer at least $19,700 in subsidies to speed up the introduction of fuel-cell vehicles coming to market from Toyota and Honda....
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THE GM RECALL

GM's stealth redesign of switches kept old parts in circulation

3:34 pm U.S. ET | July 18, 2014
New documents reveal GM redesigned faulty ignition switches without changing the part number in more than the 2.59 million small cars at the center of its recall crisis. Some of those additional vehicles underwent an ignition switch redesign as far back as 2004, GM said in a letter to regulators posted today by NHTSA....
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Chrysler tells supplier to boost hitch output

5:23 pm U.S. ET | July 18, 2014
Chrysler Group ordered a supplier of trailer hitches to boost production dramatically a day after the company was accused by federal safety regulators of dragging its feet on the recall of older Jeeps....
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KRISHNAN ANANTHARAMAN

GM waive liability shield? It can't

3:22 pm U.S. ET | July 18, 2014
Is it conceivable that Sen. Richard Blumenthal, who is both a lawmaker and lawyer, has only a tenuous grasp of the law?...
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Tesla makes the shopping list as U.K. eyes greener government fleet

10:34 am U.S. ET | July 18, 2014
Tesla Motors, a month after starting Model S deliveries in the United Kingdom, said its flagship electric sedan is among the cars being considered for purchase by the government there to transport officials....
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Mitsubishi to recall some 2004-05 Lancer sedans in U.S. with defective Takata airbags

9:58 am U.S. ET | July 18, 2014
Mitsubishi Motors is recalling cars made with Takata Corp. airbags in Florida, Hawaii, Puerto Rico and the U.S. Virgin Islands. Mitsubishi is one of nine automakers to say it will conduct a recall that includes those areas....
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Takata to book $440 million special loss for wave of recalls

7:25 am U.S. ET | July 18, 2014
Takata will book a special loss of around $440 million in the April-June quarter after several automakers recalled vehicles due to potential problems with the supplier's airbags. The cost of the recalls could increase if a safety probe in the United States finds evidence that driving in high humidity increases the risk of the airbags exploding, or if automakers decide to expand the recalls beyond certain U.S. regions....
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THE GM RECALL

Barra defends GM's top lawyer as senators press for more legal staff changes

12:01 am U.S. ET | July 17, 2014
GM has not done enough to overhaul its legal department in the wake of its recall crisis, several U.S. senators said today as they pressed GM CEO Mary Barra to fire the automaker's top lawyer. But Barra said she intended to keep Michael Millikin, GM's general counsel since 2009, defending him as “a man of incredibly high integrity” whose subordinates failed him....
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GM recalled some models with problematic switches; judges others safe, report says

8:28 am U.S. ET | July 17, 2014
GM last month recalled millions of vehicles with three different designs of ignition switches that could accidentally turn off the engine and disable air bags in a crash. But the automaker has concluded that more than 2 million other vehicles equipped with the same switches are safe....
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Chrysler accelerates Jeep repairs

8:22 am U.S. ET | July 17, 2014
Chrysler Group told federal safety regulators it could add trailer hitches to recalled Jeep SUVs by March, much sooner than the several years estimated by regulators who had urged the automaker to quicken the pace of repairs....
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BMW recalls 1.6 million 3-series cars to replace airbags

July 16, 2014 13:59 CET
BMW is recalling 1.6 million 3-series cars globally for a front-passenger airbag defect that has caused automakers including Toyota and Nissan to repair millions of vehicles....
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BMW to recall 1.6 million 1999-2006 3-series cars to replace Takata airbags

7:58 am U.S. ET | July 16, 2014
German automaker BMW said today it is recalling about 1.6 million cars worldwide to replace passenger-side front airbags made by Takata Corp. because the inflators could break apart during deployment and injure passengers....
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Hide No Harm Act would fine, imprison execs who conceal product dangers

10:19 am U.S. ET | July 16, 2014
Two senators today unveiled a bill prompted by the General Motors recalls over defective ignition switches that would make it a crime for corporate officers to conceal dangers posed by their products....
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JIM HENRY

Credit union ads highlight misperceptions of dealer reserve

12:01 am U.S. ET | July 16, 2014
A Florida credit union's ad campaign beating up dealers and auto lenders for “rate markups” is hard to look at, but dealers and lenders should check it out to see what they're up against in terms of public perception and in case the approach catches on in other states....
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