Automakers and dealerships are pushing hard to steer buyers to special deals on Black Friday, reports CNBC's Phil LeBeau.» Read More
CNBC's Phil LeBeau provides insight to the Takata air bag hearing Thursday.
HARRISBURG, Pa.— A $14 million jury award to a suburban Philadelphia girl who was run over by a school bus was properly reduced to $500,000, the state's highest court ruled. The Supreme Court on Wednesday said the cap on damages applied to Ashley Zauflik, who lost her left leg and suffered other severe injuries when she was hurt by the Pennsbury High School bus seven...
*Senators push Takata to expand recall across U.S. *Takata insistent that regional recall is sufficient. WASHINGTON/ DETROIT, Nov 20- Executives from Japan's Takata Corp and two automakers faced tough scrutiny from U.S. senators on Thursday over the risk of millions of potentially defective air bags that can rupture upon deployment, shooting metal shards into...
RPT-HONDA EXEC SAYS AUTOMAKER HAS FAILED TO MEET ITS ACCIDENT REPORTING OBLIGATIONS UNDER TREAD ACT.
HONDA EXEC SAYS 2004 INCIDENT WOULD NOT HAVE HELPED AUTOMAKER PREDICT INCIDENTS IN 2007, BUT COMPANY COULD HAVE MOVED FASTER.
FRANKFURT, Germany— General Motors CEO Mary Barra says the automaker will invest more than half a billion euros in its plants in Europe and build a new SUV at the home base for its Opel division there. On a visit to Germany, Barra said the company plans by the end of the decade to build a new SUV model at Ruesselsheim that would serve as the Opel brand's "second flagship"...
WASHINGTON— The global quality chief of Takata Corp. apologized and an official from Honda acknowledged the automaker broke a disclosure law as a Senate committee put the spotlight on a growing problem with exploding air bags. Hiroshi Shimizu, Takata's senior vice president of quality, said the Japanese parts supplier is "deeply sorry and anguished" about...
DAVID FRIEDMAN, NHTSA DEPUTY ADMINISTRATOR, SAYS AGENCY WORKING TO BRING INOUTSIDE EXPERTISE AND SECURE TESTING FACILITIS SO TESTING BEING DONE BY SUPPLIERS AND AUTOMAKERS CAN BE EXPANDED.
DAVID FRIEDMAN, NHTSA DEPUTY ADMINISTRATOR, SAYS AGENCY HAS ALSO PRESSED AUTOMAKERS TO CONDUCT THEIR OWN TESTS OF RETURNED AIR BAGS.
DAVID FRIEDMAN, NHTSA DEPUTY ADMINISTRATOR, SAYS AUTO INDUSTRY MUST BE MORE AGGRESSIVE IN REACHING OUT TO CONSUMERS TO HAVE THEM BRING IN THEIR VEHICLES FOR REPAIR.
DAVID FRIEDMAN, NHTSA DEPUTY ADMINISTRATOR, SAYS THE MULTIPLE ISSUES INVOLVED 10 AUTOMAKERS AND OVER 10 MLN VEHICLS SINCE 2008.
HONDA EXEC TO TELL SENATE PANEL CONSUMER SAFETY COULD BE IMPROVED IF U.S.
TAKATA SENIOR VP SAYS COMPANY BELIEVES IT WILL BE ABLE TO MEET DEMAND CURRENTLY EXPECTED FROM AUTOMAKERS FOR THESE REPLACEMENT INFLATORS.
TAKATA SENIOR VP SAYS COMPANY IS SHARING ST RESULTS WITH NHTSA AND THE AUTOMAKERS AFFECTED.
TAKATA CORP SENIOR VP HIROSHI SHIMIZU IN PREPARED TESTIMY FOR SENATE HEARING SAYS COMPANY HAS DEVOTED EXTRA RESOURCES TO PRODUCING REPLACEMENT KITS ON A SCHEDULE NECESSARY TO FULFILL ALL AUTOMAKERS' ORDERS.
TAKATA CORP SENIOR VP HIROSHI SHIMIZU IN PREPARED TESTIMY FOR SENATE HEARING SAYS COMPANY IS WORKING CLOSELY WITH AUTOMAKERS AND NHTSA TO SUPPORT ONGOING RECALLS AND REGIONAL FIELD ACTIONS.
Sen. John Thune, (R-S.D.), discusses Takata's deadly air bag problem ahead of Thursday morning's Senate hearing and the introduction of Thune's Whistleblower Act.
CNBC's Phil LeBeau has the latest results from a crash test study conducted by the Insurance Institute for Highway Safety.
*Takata, auto execs to testify at U.S. hearings. *BMW backs Takata air bag output shift to Germany. WASHINGTON/ TOKYO, Nov 20- Executives from Japan's Takata Corp and two automakers will face tough questions from U.S. senators on Thursday over the risk of millions of potentially defective air bags that can rupture upon deployment, shooting metal shards into cars.
WASHINGTON, Nov 20- Two U.S. senators plan to introduce legislation on Thursday to encourage employees in the auto industry to report information on faulty parts to federal authorities, a spokeswoman for one of the lawmakers said. The bill, sponsored by Republican John Thune and Democrat Bill Nelson, "is intended to incentivize whistleblowers from the...