Regulation

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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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Takata faces nationwide recall order for driver's-side airbags

5:30 pm U.S. ET | Nov. 18, 2014
Federal safety regulators are seeking to expand regional recalls of faulty driver's-side airbags made by Takata into a nationwide campaign, prompting the supplier to warn of potential parts shortages....
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Airbag settlements keep details from other victims of accidents

6:26 am U.S. ET | Nov. 17, 2014
Confidential settlements over defective Takata airbags are sealing off relevant information that other victims could use to pursue injury claims....
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Automakers vow to protect data they collect

12:01 am U.S. ET | Nov. 17, 2014
Under pressure from U.S. regulators to prevent misuse of personal data from services such as General Motors' OnStar, automakers agreed last week to follow a set of rules intended to guard the most sensitive information....
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Supplier upheaval fueled price fixing

6:00 pm U.S. ET | Nov. 16, 2014
To hear auto industry insiders in Japan, the country's problems with bid rigging began to spiral in the early 2000s. Or, more specifically, with the arrival of Carlos Ghosn, the cost-cutting CEO who parachuted into a nearly bankrupt Nissan Motor Co. and blew up the carmaker's ossified supplier network....
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SLICING THE PIE

At 'bid meetings,' suppliers aimed to maintain one another's market share

6:00 pm U.S. ET | Nov. 16, 2014
When Japanese auto suppliers schemed to fix prices, it was as much about protecting market share as pumping up profits, an industry insider said. In textbook Japanese fashion, in which consensus rule trumped individual agendas, rival companies agreed to protect the status quo, lest someone was pushed out altogether....
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What is a recall? Automakers confuse drivers in deadly airbag saga

10:48 am U.S. ET | Nov. 16, 2014
More than 17 million cars with Takata airbags have been recalled worldwide, including over 11 million in the United States. But that number represents a patchwork of confusing safety messages to drivers: "safety improvement campaigns," informal "regional recalls," and formal recalls of certain models rather a consistent national action. The mixed messages make owners wonder how worried they should be....
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TIMELINE -- Takata airbag recalls

12:26 pm U.S. ET | Nov. 13, 2014
Following are some key events leading to the recall of several million cars fitted with potentially defective air bags made by Japanese supplier Takata....
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Senate to hold hearing on Takata airbag recalls; company subpoenaed by U.S. grand jury

6:24 am U.S. ET | Nov. 13, 2014
A Senate Committee hearing into the recalls of defective Takata airbags that have so far been linked to five deaths is slated for next Thursday, the committee announced today. Also, the supplier earlier today confirmed it received a subpoena from a federal grand jury looking into the handling of the flawed airbags....
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THE GM RECALL

Delphi turns over GM recall evidence in deal with plaintiffs

3:42 pm U.S. ET | Nov. 13, 2014
Delphi Automotive agreed to give thousands of documents to lawyers suing General Motors over faulty ignition switches and to let the lawyers speak with the supplier's employees in exchange for being dropped as a defendant....
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Barra to sit out award ceremony following protests

10:17 pm U.S. ET | Nov. 12, 2014
General Motors said Wednesday that CEO Mary Barra will sit out an award ceremony in her honor next week following protests from a group of family and friends of people killed in defective GM vehicles....
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Takata says it modified compound involved in airbag recalls

12:12 pm U.S. ET | Nov. 12, 2014
Takata has modified the composition of an airbag propellant that contains a volatile chemical at the center of a recall of millions of cars worldwide, the company told Reuters....
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Takata disputes report it hid airbag tests before recall crisis

9:06 pm U.S. ET | Nov. 12, 2014
Takata said it tested airbags in 2004 for an issue separate from the flaw at the center of an auto-safety crisis, disputing a report by the New York Times last week....
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Feinberg may seek GM switch-related cases in regulator files

12:02 pm U.S. ET | Nov. 12, 2014
The lawyer handling General Motors' compensation for victims of accidents tied to its faulty ignition switches said he'll consider an auto safety advocate's suggestion that he comb regulators' files for relevant accidents....
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GM discloses more ignition-related deaths in U.S. report

1:12 pm U.S. ET | Nov. 11, 2014
General Motors' most recent quarterly report to federal safety regulators on crashes that may be linked to a defect lists 47 deaths and 614 injuries in vehicles it has recalled this year for ignition problems....
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Mercedes recalls 10,500 C-class cars in U.S. for steering defect

12:26 pm U.S. ET | Nov. 11, 2014
Mercedes-Benz is recalling 10,509 C-class compacts from model year 2015 in the United States because some cars can lose steering function at low speed....
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Three dealers have found ways to forge bonds with car shoppers who are short on time and long on Web smarts. A Honda store has mobilized a young sales team hired from Starbucks and Best Buy. Mon., November 17
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