More than 1 million ceiling lamps sold at Ikea are being recalled this week because the glass shades can fall and shatter. The HYBY was sold from October 2012 through January 2016 and the LOCK was sold from November 2002 through January 2016. The HYBY cost $13 and the LOCK cost $5.» Read More
TOKYO, Nov 6- Japan's Takata Corp slashed its full-year earnings forecast on Friday as major customer automakers distance themselves from its air bag inflators, which are at the centre of a massive global safety recall. The auto parts maker announced an April-September net loss of 5.6 billion yen compared with a loss of 35.2 billion yen in the same year-ago...
Nov 4- Volkswagen AG said it notified its dealers and regulators in the United States and Canada that it would recall certain vehicles with 1.8 T and 2.0 L gasoline engines in December. Volkswagen told NHTSA that it would recall about 92,000 vehicles, which are some 2015 and 2016 models of Jetta, Passat, Golf and Beetle, in the United States. A Volkswagen spokesman...
Nov 4- Volkswagen AG has notified its dealers and the transport regulators in the United States and Canada that it will recall certain vehicles with 1.8 T and 2.0 L gasoline engines in December, according to a VW communique to dealers obtained by Reuters. The recall is due to the suspicion that the camshaft lobe may shear off reducing engine and brake power, the...
According to Dow Jones, the Justice Department will fine Takata $70 million for air bag lapses. CNBC's Phil LeBeau reports the latest developments.
Here are essential details consumers should know to navigate some of this past week's recalls.
Hormel Food is recalling jars of Skippy peanut butter in seven states due to an equipment malfunction.
Fiat Chrysler recalls a range of vehicles due to anti-lock break and air bag issues.
Oct 30- Fiat Chrysler Automobiles NV said it was recalling nearly 900,000 vehicles around the world to fix issues related to airbag deployment and anti-lock braking systems. The car maker said it would recall about 13,411 vehicles in Canada, 6,277 in Mexico and 48,212 outside the NAFTA region to fix the same problem. The car maker also said it would recall about...
Oct 30- Fiat Chrysler Automobiles NV said it is recalling about 284,089 older-model SUVs in the United States due to inadvertent airbag deployment. Fiat said the affected vehicles- certain model-year 2003 Jeep Liberty SUVs and 2004 Jeep Grand Cherokees- are not equipped with Takata Corp airbags. The car maker also said it will recall about 13,411 vehicles in...
Fiat Chrysler is recalling 894,000 Jeep, Dodge and Fiat SUVs worldwide to fix problems with anti-lock brakes and air bags.
Volkswagen's fault software could lead to 60 deaths in the U.S. by 2016
Ford is recalling 129,000 of its SUVs to repair potential fuel leaks in parts of North America.
Oct 28- French drugmaker Sanofi SA said it was voluntarily recalling all its Auvi-Q injections in the United States to treat patients with severe allergic reactions. An incorrect dose could lead to significant health issues, Sanofi said. The company has received 26 reports of suspected device malfunctions in the United States and Canada as of Oct. 26.
We are going to put the customers' safety first, says Mike Jackson, AutoNation chairman & CEO, explaining his company's policy not to sell vehicles with open recalls. And Jackson, breaks down the company's earnings.
General Motors is recalling 1.4 million of its older cars due to a fire hazard.
Oct 23- Fiat Chrysler Automobiles on Friday appointed Rodney Slater, former U.S. FCA said Slater was appointed in consultation with the National Highway Traffic Safety Administration to provide additional oversight of FCA's recall activities. Slater was one of three former U.S. transportation secretaries that Japan's Takata Corp had appointed to audit...
Mazda issuing a 1.2 million car recall in the U.S. due to faulty ignition switches.
Build-A-Bear Workshop issued a voluntary product recall of its Starbrights Dragon stuffed animal on Thursday.
President Obama vetoed a $612 billion defense policy bill and asked for improvements, reports CNBC's Sue Herera.
Lumber Liquidators pleaded guilty to environmental crimes and agreed to pay $13.2 million, reports CNBC's Tyler Mathisen.