Government

Ghosn lifts European car market forecast on eurozone stimulus plan

Jan. 22, 2015 22:41 CET
Renault CEO Carlos Ghosn upgraded his European car market growth forecast after the European Central Bank unveiled a bond purchase program to boost the continent's flagging economy. Ghosn now expects Europe's auto market to grow by at least 2 percent in 2015....
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NHTSA to add automatic braking to star ratings

1:23 pm U.S. ET | Jan. 22, 2015
Federal regulators will add automatic braking to a list of technologies considered in its influential star-rating advisory system for consumers. Transportation Secretary Anthony Foxx announced the change today during a meeting in Washington with automotive engineers....
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DOE announces $55 million in funding for green car research

4:12 pm U.S. ET | Jan. 22, 2015
More than $55 million in new funding from the Department of Energy will go toward projects that aim to reduce and improve the efficiency of plug-in electric, alternative fuel and conventional vehicles....
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Takata executive indicted in U.S. for fixing prices of seat belts

1:55 pm U.S. ET | Jan. 22, 2015
An executive at embattled Japanese auto supplier Takata was indicted today for conspiring to fix the prices of seat belts sold to carmakers, the US Justice Department said....
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GM issues stop-sale on crossovers for problem with Goodyear tires

10:22 am U.S. ET | Jan. 22, 2015
General Motors has told dealers to stop delivery of about 6,300 2015 Chevrolet Traverse, GMC Acadia and Buick Enclave crossovers because of a pending recall to replace tires that are prone to cracking....
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Paperwork error on GM loan will cost JPMorgan $1.5 billion, U.S. court rules

1:24 pm U.S. ET | Jan. 21, 2015
A 2008 paperwork error in a loan agreement with General Motors, before the automaker went into Chapter 11 bankruptcy, will cost JPMorgan Chase $1.5 billion, a federal appeals court ruled today....
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GM’s Treasury bailout records shouldn’t be secret, U.S. judge told

1:00 pm U.S. ET | Jan. 21, 2015
The Treasury’s role in shielding General Motors from car lawsuits after a 2009 bailout of the automaker isn’t confidential and should be made public, the Center for Auto Safety told a federal judge....
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Toyota supplier weighs raising airbag capacity as demand climbs

9:35 am U.S. ET | Jan. 21, 2015
Toyoda Gosei, a supplier part-owned by Toyota, is considering increasing its capacity for making airbags to cater to expanding global demand for the safety devices....
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Obama seeks authority to negotiate major trade deals

3:31 pm U.S. ET | Jan. 20, 2015
In his penultimate State of the Union address, President Barack Obama vowed to seek congressional authority to negotiate big ticket trade deals with European and Asian nations that could have significant implications for the auto industry, but have been stalled....
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Four former Chrysler dealers could reopen under U.S. appeals court ruling

2:58 pm U.S. ET | Jan. 20, 2015
One Las Vegas dealership and three former Detroit area dealerships -- Livonia Chrysler Jeep, Fox Hills Chrysler Jeep and Village Chrysler Jeep -- could get a chance to reopen more than five years after a Chrysler Group LLC decision to close them, according to a federal appeals court ruling....
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THE TAKATA AIRBAG RECALL

Takata airbag review panel members named by Skinner

10:52 am U.S. ET | Jan. 20, 2015
Former Transportation Secretary Samuel Skinner said six experts -- including Cerberus Chairman John Snow -- will serve on an independent panel that will oversee Takata's efforts to ensure that its airbag inflators meet federal safety standards....
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GM gets 108 more claims for faulty ignition switch compensation

8:39 am U.S. ET | Jan. 20, 2015
General Motors has received 108 claims for compensation for ignition switch defects in its cars in the past week, bringing the total to 2,818, according to the official administering the compensation program....
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Daimler offers 'currency rebate' on Mercedes, Smart cars in Switzerland

Jan. 20, 2015 13:26 CET
Daimler is cutting Mercedes and Smart car prices in Switzerland after the central bank's surprise abandonment of a minimum exchange rate caused the franc to surge versus the euro....
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Japan's Daicel to lift inflator output after Takata recalls

8:48 pm U.S. ET | Jan. 19, 2015
Japan's Daicel said it would boost production of airbag inflators to meet demand for the component at the heart of rival Takata's quality problems, which have led to the recall of more than 24 million vehicles worldwide since 2008....
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Ford Super Duty pickups face U.S. probe after stalls, stranded drivers

6:22 pm U.S. ET | Jan. 17, 2015
Federal safety regulators are investigating whether Ford went far enough with a recall of Super Duty pickups over complaints that they can stall and leave drivers stranded....
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Jeep Cherokee catches fire 2 days after purchase; NHTSA opens probe

11:06 am U.S. ET | Jan. 16, 2015
A 2015 Jeep Cherokee that erupted in flames two days after purchase has prompted the National Highway Traffic Safety Administration to investigate whether a defect exists in 50,415 of the SUVs....
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THE GM RECALL

GM accused of misleading investors over recalls

6:55 am U.S. ET | Jan. 16, 2015
General Motors managers misled investors and regulators for years about issues connected to vehicle ignition switch defects, shareholders said in a lawsuit accusing the company of inflating the stock's value....
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THE TAKATA RECALL CRISIS

Takata recalls prompt Japan to consider supplier regulations

6:34 am U.S. ET | Jan. 16, 2015
Japanese Transport Minister Akihiro Ohta said today his ministry was considering whether to revise existing laws to beef up oversight of auto suppliers in the wake of massive recalls of Takata airbags....
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Volvo may expand export markets for China-built cars beyond U.S.

Jan. 16, 2015 11:36 CET
Volvo, which will start shipping the S60L sedan to the U.S. later this year, says it could add additional export markets in the Asia-Pacific region and elsewhere. The automaker may also consider future exports of a large china-built sedan, dubbed internally as the S90....
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Russia car sales forecast to drop 24% as economic crisis worsens

Jan. 15, 2015 12:01 CET
Russian car sales are set to decline by 24 percent this year after falling 10 percent in 2014 as the country heads for recession. Major Western automakers including Ford, GM, and VW saw their Russian vehicle sales plunge steeply last year....
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THE GM RECALL

GM does not have to turn over notes to ignition-flaw plaintiffs, judge rules

2:42 pm U.S. ET | Jan. 15, 2015
A federal judge today refused to let plaintiffs' lawyers suing General Motors access notes from lawyers the company hired to prepare an internal report on the automaker's decade-long mishandling of a deadly ignition-switch flaw....
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Autoliv has contracts for 25 million replacement Takata airbag inflators

12:39 pm U.S. ET | Jan. 15, 2015
Autoliv, the world’s largest supplier of automotive airbags, says it has signed contracts with several automakers to deliver up to 25 million inflators to fix potentially defective airbags produced by Takata....
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Supplier Linamar to add 1,200 jobs, invest $425 million

10:46 am U.S. ET | Jan. 15, 2015
Canadian supplier Linamar will add up to 1,200 jobs at a plant in Guelph, Ontario, developing fuel-efficient transmissions, with 10 percent of the new investment paid by the Canadian government....
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Volkswagen starts sales of black-box recorder for vehicle data

Jan. 14, 2015 18:18 CET
Volkswagen plans to sell a black box in Austria that records trips and tracks the location of a car. The box will be available for new and old VW and Audi models. VW plans to expand the service to other European markets....
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Daimler recalls 114,000 Mercedes in Germany over seal fault

Jan. 14, 2015 18:34 CET
Daimler said it is recalling 114,000 of its four-cylinder diesel-engined Mercedes-Benz cars in Germany because some are equipped with faulty seals that can cause potential oil leaks....
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