Regulation

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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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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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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2 senators want probe of delays in rail deliveries to dealerships

4:23 pm U.S. ET | July 11, 2014
Two senators are asking the Surface Transportation Board -- a bipartisan body of the Department of Transportation -- to investigate railroad delays of vehicle deliveries to dealerships....
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Driver of stolen Tesla that crashed, split in 2, dies

9:43 am U.S. ET | July 10, 2014
The driver of a stolen Model S sedan that crashed and split in two in west Los Angeles nearly a week ago has died. The L.A. County Department of Coroner said today that the driver, Joshua Michael Flot, 26, of Inglewood, Calif., died on Monday....
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GM recalls nearly 30,000 Saab 9-3 convertibles

July 10, 2014 13:56 CET
General Motors is recalling almost 30,000 Saab 9-3 convertibles in the United States for a seat belt issue that has previously affected sedan models....
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EU probes state aid for Audi's Hungary expansion

July 9, 2014 16:22 CET
The European Commission is probing state aid to Audi to expand its plant in Hungary. The commission approved aid to Porsche and BMW to expand their factories in Germany....
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U.S. auto recalls smash single-year record with 6 months to go

12:49 pm U.S. ET | July 8, 2014
Automakers this year have already recalled more vehicles in the United States than in any other year on record. NHTSA says U.S. recalls total 37.5 million cars to date, topping the 30.8 million record set in 2004....
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NHTSA: Why is Jeep fix taking so long?

12:01 am U.S. ET | July 7, 2014
Federal safety regulators want to know why Chrysler Group has taken more than a year to begin fixing older-model Jeep Grand Cherokees and Libertys to improve their rear crashworthiness....
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NICK BUNKLEY

Compensation, yes, but no happy endings for GM crash victims' families

3:07 pm U.S. ET | July 3, 2014
Daryl Chansuthus bristled at the word “compensation” when we spoke on the phone this week. Compensation doesn’t fill the void created on a rainy December night five years ago, when her 25-year-old daughter’s Chevrolet Cobalt SS hit a tree off Interstate 24 in Tennessee and no airbags deployed. More than compensation, Chansuthus wants accountability....
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THE GM RECALL

GM victims contacting Feinberg a month before program start

7:14 am U.S. ET | July 3, 2014
Kenneth Feinberg, the lawyer hired by General Motors to arrange compensation for victims of cars with defective ignition switches, is already hearing from people even though claims won't be accepted until Aug. 1....
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Chrysler faces NHTSA query on delayed Jeep fix

1:48 pm U.S. ET | July 2, 2014
Chrysler Group has been placed back in the recall hotseat with federal safety regulators for allegedly dragging its feet in efforts to improve the rear crashworthiness of older-model Jeep Grand Cherokees and Libertys....
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Calif. prosecutor sues GM over claims it hid defects

9:00 am U.S. ET | July 1, 2014
GM was sued by a California prosecutor over claims it deceived buyers by intentionally concealing defects rather than fixing them....
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THE GM RECALL

Feinberg details eligibility for GM ignition-switch compensation

10:00 am U.S. ET | June 30, 2014
Attorney Ken Feinberg's plan for compensating victims of GM's ignition-switch defect will include a broader set of criteria than GM has used to determine which crashes are linked to the faulty part, which means the company's estimate of 54 related accidents and 13 fatalities almost surely will rise. Feinberg said in an interview during the weekend that he will consider claims involving any accident in which airbags didn't deploy in the 2....
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THE GM RECALL

GM ignition issues trigger another massive recall

2:40 pm U.S. ET | June 30, 2014
GM is recalling another 8.4 million cars globally from the 1997 to 2014 model years, including some that are linked to seven crashes, eight injuries and three deaths. Most of the cars -- 7.6 million -- are across seven full-sized models being recalled for inadvertent ignition key rotation, GM said Monday. The fatalities, which occurred in two crashes, involved 2003 and 2004 Impalas....
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Denso exec pleads guilty to instrument panel price-fixing

12:59 pm U.S. ET | June 30, 2014
An executive at Denso has agreed to plead guilty to fixing the prices of automobile instrument panel clusters and to serve a prison sentence, the U.S. Justice Department said today....
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Toyota seeks exemption from U.S. safety rule to sell fuel-cell car

5:49 am U.S. ET | June 30, 2014
Toyota asked the U.S. auto-safety regulator for a two-year exemption from a rule governing electric cars to clear the way for the company to sell its new fuel-cell vehicle....
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YANG JIAN

Will global automakers drop Chinese partners?

7:32 am U.S. ET | June 30, 2014
China may relax its 50 percent ceiling on foreign automakers' ownership of joint ventures, but this may not lead to Western companies ditching their local partners if recent moves by BMW and VW are anything to go by....
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Cap on Tesla Pennsylvania stores closer

12:01 am U.S. ET | June 30, 2014
Pennsylvania is halfway to placing a cap on the number of stores that Tesla Motors Inc. can open in the state, muting legislation that helped spark a confrontation between dealers and other automakers....
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KEITH CRAIN

An easy solution to recall compliance

12:01 am U.S. ET | June 30, 2014
Even on the most serious recalls, the percentage of owners who get their vehicles fixed is low. Joan Claybrook, former head of the National Highway Traffic Safety Administration, has an idea: If a vehicle hasn't had all recall repairs made, the owner can't register it to operate on the road....
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JANG JIAN

Will global automakers drop Chinese partners?

12:01 am U.S. ET | June 30, 2014
Will global automakers ditch their Chinese partners if government regulations are relaxed and they are allowed to? If BMW accurately reflects the sentiments of global automakers, the answer is no....
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EDITORIAL

Lots of negative consequences for companies in crisis

12:01 am U.S. ET | June 30, 2014
A crisis such as the one General Motors is suffering through has all kinds of negative consequences. And not just the obvious ones....
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Special Report
Fewer bosses, Disney savvy, $2 idea lift stores

Fewer bosses, Disney savvy, $2 idea lift stores

A Chrysler Group dealership chain is stripping away layers of management to sell cars faster. A Chevrolet-Cadillac store is enchanting customers through Disney training. Mon., July 21
» Watch the Video
     
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