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Europe: truckmaker Volvo AB readies $497 million for EU antitrust investigation


The Swedish company, currently the second-largest truckmaker and in no relation with Volvo Cars, has set aside a provision of 400 million euros ($497 million) after seeing a European Commission statement on potential antitrust violations. According to the Gothenburg, Sweden-based manufacturer, which has no relation today to Geely-owned Volvo Cars other than the same name (they were historically the same company), ...
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US: safety regulators don’t recall around 600,000 Ford, GM autos
When almost 54 million vehicles have been recalled so far this year in the US – setting up a huge, unwanted, record – seeing that some 600,000 autos might not ...
US: Takata hit with criminal probe over airbag recalls
Japanese auto safety supplier Takata Corp has announced it has become part of a US criminal probe, tasked to investigate the ongoing airbag recall debacle that has been so far ...
US: Takata could face criminal investigation
Following the scandal concerning defective airbags produced by Japan’s Takata Corp., the US lawmakers have moved to ask for an official criminal probe of the company. The second-largest auto safety parts ...
Report – NHTSA to face official evaluation
The Obama administration has moved to conduct an extensive review of the agency that is in charge with regulating the auto safety after it mishandled a public campaign. The news comes ...
Report – Takata officials under investigation by US prosecutors
According to a report coming from The Wall Street Journal, the federal prosecutors have opened a probe to see whether Japanese auto parts maker Takata Corp’s executives withheld information from ...
US: Honda probes Takata-related parking crash and death
Honda, the Japanese automaker that counts as a subsidiary the Acura premium brand, has announced it started an investigation over a fatality allegedly caused by Takata’s defective airbags. The news comes ...
US: Japanese auto supplier to pay $100 million for probe settlement
Yazaki Corporation, the market leader for auto wire harnesses, has been hit with a civil payment of $100 million, needed to settle a long-running automotive supplier price-fixing investigation and subsequent ...
Magna hit by antitrust regulator probe in Brazil
Magna International’s shares dropped the most in over two years after the company announced it received a visit at the auto-parts maker’s Brazilian headquarters from the country’s antitrust authorities. Auto parts ...
2007 Dodge and Chrysler minivans investigated by the NHTSA
The National Highway Traffic Safety Administration has announced it opened a probe into around 160,000 Dodge Caravan MPVs because of reports that the engines could stall. The US safety regulator has ...

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