Nissan veteran joins Subaru
LOS ANGELES - A top Nissan Motor Corp. U.S.A. executive has left the company to join Subaru of America Inc.
Brad Bradshaw, vice president of marketing for both Nissan and Infiniti divisions, will become a regional vice president for Subaru.
Bradshaw, 44, joined Nissan in 1983. He said he wanted to be closer to his family, which is in Atlanta, because a relative is ill. The Subaru job is in Atlanta.
Until a replacement is named, Yuki Kitahora, Nissan senior vice president of sales and marketing, will assume Bradshaw's duties. Bradshaw leaves as Nissan plans to launch several key vehicles within six months.
Airbag rules called flawed
WASHINGTON - Proposed new federal airbag rules are flawed because regulators are pursuing conflicting goals, insurance industry researchers charged late last week.
The Insurance Institute for Highway Safety, research arm of auto insurers, said the National Highway Traffic Safety Administration should focus on reducing airbag dangers for children and small women instead of simultaneously trying to increase high-speed crash protection for unbelted adults.
'The approach is incorrect and misguided at this time,' said institute President Brian O'Neill.
The institute is siding with automakers, who say NHTSA's rules would compel them again to install airbags with dangerously high deployment forces.
CarMax expects quarterly loss
RICHMOND, Va. - CarMax Group expects to post a loss of about 8 cents a share for its third quarter, which ended Nov. 30, as same-store sales continued to decline.
CarMax posted quarterly sales of $345.6 million, up 52.2 percent from a year ago. However, same-store sales dropped 4 percent.