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Takata books another loss on airbag debacle


Takata Corp, the second largest auto safety parts supplier in the world, has announced it would incur a loss of around 45 billion yen ($440 million) in the April-June quarter because of its airbag problems. The parts maker has been plagued by massive recalls – with many automakers calling back the vehicles equipped with Takata produced airbag inflators because of increased ...
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Report – US federal prosecutors seek criminal case on GM ignition switch scandal
General Motors, the largest US automaker, is facing increased scrutiny over the failure to address a defective part for more than a decade leading to a 2.6 million cars initial ...
GM’s forecast of profit changes positively
Amid all the news surrounding the findings of the internal review order on the conduct of the company’s 2.6 million cars recalled for a defective ignition switch, the No.1 automaker ...
GM’s latest recalls make the automaker double the charge for Q2
With four recalls over the space of a few days, and reaching so far a tally close to 15.4 million recalled cars, General Motors has also announced it’s forecasting the ...
GM’s recalls keep piling up
The NO.1 US automaker is facing a huge public relations scandal because of the late February recall of 2.6 million cars over issues with a defective ignition switch, with probes ...
GM’s first quarter profit goes down, but is higher than expected
Because of the cost of the recall of the 2.6 million cars equipped with the defective ignition switch, General Motors posted a profit decrease of 88% from the first quarter ...
Recall triggers big shares fall, big charge in Q1 for GM
Things are not looking well for General Motors, which has been widely panned for the recall over a defective ignition switch. With probes coming from NHTSA and the Congress and ...
City of Shanghai studying traffic congestion charge
As part of an extensive strategy to adress pollution, Shanghai, which inaugurated a free trade zone last month and wants to become a global financial center, is now also studying ...
Renault Zoe can’t be charged from a standard outlet
The Renault Zoe can’t be charged from a standard outlet and the model needs the Chameleon system which is priced at almost 1,000 euros. Bad news for those of you looking ...
US Sen. Michael Crapo Charged With DUI
Sen. Michael Crapo from Idaho has been charged with DUI, with a blood alcohol content of .11%. The conservative U.S. senator, a three-term Republican with a reputation as a fiscal conservative, ...

latest automotive news
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