Regulation

Takata CEO takes out newspaper ads in reaction to airbag crisis

6:57 am U.S. ET | Dec. 18, 2014
Takata, the embattled airbag maker, stepped up its response to a global auto-safety crisis by distributing an open letter from its CEO in U.S. and German newspapers....
Read More »

 

Takata says it has sufficient funds to deal with recalls

10:27 pm U.S. ET | Dec. 17, 2014
Airbag maker Takata has sufficient funds to deal with a global recall that has climbed to about 21 million vehicles after five deaths linked to its products, the company's CEO told the Nikkei newspaper....
Read More »

 

JIM HENRY

Will the CFPB redefine “larger”?

12:01 am U.S. ET | Dec. 17, 2014
Auto industry watchers that formally weighed in on the Consumer Financial Protection Bureau’s definition of “larger” auto lenders took predictable positions before the public comment period closed last week....
Read More »

 

The road ahead for NHTSA's new chief

10:30 pm U.S. ET | Dec. 16, 2014
Mark Rosekind, confirmed to head the National Highway Traffic Safety Administration, faces immediate pressure to take a tougher stance with automakers and suppliers on safety matters, reset the agency's culture and manage the coming wave of autonomous-vehicle and other advanced technologies....
Read More »

 

Honda recalls 569,000 vehicles in China over Takata airbags

6:49 am U.S. ET | Dec. 16, 2014
Honda is calling back about 569,000 vehicles in China to investigate potential defects with airbags made by Takata, underscoring the global reach of the safety crisis after similar campaigns in the US, Canada and Japan....
Read More »

 

THE GM RECALL

GM approves 4 more death claims for recall comp fund

11:21 am U.S. ET | Dec. 15, 2014
Claims for compensation from a faulty ignition switch in General Motors vehicles rose by 64 filings in the last week and GM has approved four more death claims attributed to the defective switch, according to an official report issued today....
Read More »

 

Takata tightens screws on suppliers as airbag crisis mounts, report says

8:05 am U.S. ET | Dec. 14, 2014
Takata has begun enforcing tighter quality controls on a group of parts suppliers as the auto safety equipment maker boosts production to replace millions of air bags recalled for a potentially deadly defect, people familiar with the situation told Reuters....
Read More »

 

JAMES B. TREECE

FTC finds fine print too fine, imposes fines

12:01 am U.S. ET | Dec. 14, 2014
Dealers should remember Americans are getting older. And while smartphone screens are getting bigger, they're still dinky compared to that big-screen TV on your wall. Think big print....
Read More »

 

JIM HENRY

Who distorted what? Wording of CFPB statement will get its own investigation

11:30 am U.S. ET | Dec. 10, 2014
The ombudsman’s office for the Consumer Financial Protection Bureau said it would conduct an independent review into complaints that the CFPB’s press releases don’t match the consent orders they describe -- something auto finance insiders have complained about bitterly but privately, for fear of provoking the bureau.
...
Read More »

 

Mazda recall of Takata airbags to be expanded nationwide

7:41 am U.S. ET | Dec. 9, 2014
Mazda will soon expand a recall of vehicles in the U.S. involving potentially defective airbags from Takata, the automaker said today....
Read More »

 

Hyundai recalls 42,925 Genesis, Equus sedans in U.S. for brake lights

9:14 am U.S. ET | Dec. 9, 2014
Hyundai is recalling 42,925 sedans in the U.S. due to potentially faulty brake lights, according to documents filed with U.S. safety regulators....
Read More »

 

U.S. judge stalls Takata class action as jurisdiction gets decided

6:43 am U.S. ET | Dec. 9, 2014
Consumers can't immediately pursue a lawsuit against Takata and multiple carmakers claiming loss of vehicle value tied to airbag recalls while awaiting a decision that would combine more than 50 cases before one judge....
Read More »

 

Takata brass waits in the bunker as airbag crisis grows

12:01 am U.S. ET | Dec. 8, 2014
Takata promoted Swiss-born Stefan Stocker to president last year to inject global thinking and openness into the insular, family-dominated Japanese supplier. But the company has been anything but transparent in its response to the worldwide uproar over exploding airbag inflators....
Read More »

 

THE GM RECALL

Two more deaths eligible for GM compensation

1:26 pm U.S. ET | Dec. 8, 2014
Claims deemed eligible for compensation from a faulty ignition switch in General Motors vehicles rose slightly in the last week, including two additional deaths attributed to the defective switch, according to an official report today....
Read More »

 

Honda captive may face loan-bias penalty

12:01 am U.S. ET | Dec. 8, 2014
American Honda Finance Corp. disclosed that the Consumer Financial Protection Bureau and U.S. Department of Justice have concluded the company was responsible for illegal discrimination in pricing auto loans and could be disciplined unless it reaches a settlement with the federal agencies....
Read More »

 

KEITH CRAIN

Takata just doesn't get it

12:01 am U.S. ET | Dec. 8, 2014
Takata has become the poster child for how to mishandle recalls and customers. Company executives seem to be stonewalling their automaker customers, then stonewalling federal regulators and, finally, stonewalling Congress....
Read More »

 

NHTSA criticizes Chrysler for limited expansion of recalls

5:13 pm U.S. ET | Dec. 5, 2014
Chrysler Group's decision to limit an expansion of an earlier recall of vehicles with possibly defective passenger-side airbag inflators made by Takata has put drivers at risk, the National Highway Traffic Safety Administration's top official said Friday....
Read More »

 

Defiant Takata puts onus on carmakers for U.S.-demanded recalls

1:32 pm U.S. ET | Dec. 4, 2014
Takata's refusal to comply with a federal demand to widen its airbag recall leaves regulators in a quandary: take the parts supplier to court or try to convince automakers to do the job instead....
Read More »

 

NHTSA nominee Rosekind pledges tougher stance, 'common sense'

2:28 pm U.S. ET | Dec. 4, 2014
Mark Rosekind pledged to make the National Highway Traffic Safety Administration a tougher auto safety watchdog if confirmed as the agency’s new administrator....
Read More »

 

Honda's escalating airbag crisis frays half-century ties

6:35 am U.S. ET | Dec. 4, 2014
Honda signaled a growing rift in its more than 50-year relationship with airbag maker Takata, as the automaker struggles to contain a crisis that's killed five motorists in its cars....
Read More »

 

NHTSA demands info about Takata's airbag propellant

7:37 pm U.S. ET | Dec. 3, 2014
The National Highway Traffic Safety Administration has demanded that Takata produce documents and answer questions under oath about its use of ammonium nitrate as a propellant in its airbag inflators, according to documents posted on NHTSA's website Wednesday....
Read More »

 

Takata poised for clash in Congress after rejecting U.S. recall

6:21 am U.S. ET | Dec. 3, 2014
Airbag supplier Takata’s rejection of demands to recall vehicles across the United States sets the stage for a confrontation with members of Congress critical of its response to potentially deadly defects....
Read More »

 

Takata chief called to explain airbag crisis to Japan's industry ministry, report says

10:08 am U.S. ET | Dec. 3, 2014
Japan's powerful industry ministry has summoned Shigehisa Takada, chairman and CEO of Takata, to explain what the company is doing to resolve a crisis over potentially deadly airbags, two people with knowledge of the matter told Reuters....
Read More »

 

Takata Mexico airbag plant inspection finds safety shortcomings

6:37 am U.S. ET | Dec. 3, 2014
Takata, the airbag supplier at the center of a recall crisis, was told by Mexico’s government to take 171 measures to improve health and safety at a plant tasked with making millions of replacement air bags....
Read More »

 

NHTSA says no need for national recall of passenger airbags

11:54 am U.S. ET | Dec. 2, 2014
The National Highway Traffic Safety Administration today confirmed that it is not yet ready to call for a nationwide recall of Takata-produced passenger airbags, easing fears that automakers could face shortages of replacement inflators. But the agency is sticking with its demand for a national recall of Takata driver-side airbag inflators -- a step the supplier has not yet supported....
Read More »

 

 
Newsletters & Alerts
  • Sample
  • Sample
  • Sample
  • Sample
Most Read
Special Report
Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

At Bay King Chrysler, Dodge, Jeep, Ram in Hamilton, Ontario, dealer Jamie Richter has put luxury-hotel touches in his new showroom. They include concierges who see to the needs of service customers. Mon., December 15
» Watch the Video