DETROIT (Reuters) – Automakers and safety regulators could take months to nail down why air bag inflators made by Takata Corp (7312.T: Quote, Profile, Research, Stock Buzz) are exploding with too much force, meaning consumers cannot be certain replacement inflators installed under a sweeping recall are safe, industry officials involved in the process said.
Takata, 11 automakers that used its air bag technology
and U.S. safety regulators are pursuing separate efforts to determine the root cause of problems linked to at least six deaths.
DETROIT (Reuters) – Prosecutors in Detroit have joined the
U.S. federal probe into Takata Corp’s defective air bag
inflators that are linked to at least six deaths globally.
The U.S. Attorney’s Office for the Eastern District of
Michigan and the U.S. Department of Justice’s Criminal Division,
Fraud Section in Washington “are jointly handling the criminal
investigation into Takata,” Gina Balaya, spokeswoman for the
Detroit office, said on Thursday.
DEARBORN, Mich (Reuters) – Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz) sees most of its corporate sales growth over the next decade coming from the Asia Pacific region despite the recent slowdown in China auto demand, a top executive said Thursday.
“When I take a look at Ford’s growth over the next five to 10 years, we believe roughly 60 percent of the growth will be in the Asia Pacific region,” said Dave Schoch, president of Ford’s Asia Pacific region.
DETROIT (Reuters) – Takata Corp’s (7312.T: Quote, Profile, Research, Stock Buzz) record U.S. recall of potentially deadly air bag inflators could take years to complete, industry experts and safety advocates said, as automakers scrambled to line up replacement parts, some not from Takata.
After doubling its recall of defective air bags to nearly 34 million vehicles, the Japanese company and competitors scrambled to ramp up production of replacement parts.
DETROIT (Reuters) – Takata Corp (7312.T: Quote, Profile, Research, Stock Buzz) said on Wednesday it plans to boost production of parts needed to replace potentially deadly air bag inflators that could spray vehicle occupants with metal shards.
On Tuesday, Takata doubled its recall of the defective air bags to nearly 34 million vehicles, making it the largest automotive recall in U.S. history.
WASHINGTON/DETROIT (Reuters) – Japanese air bag manufacturer Takata Corp (7312.T: Quote, Profile, Research, Stock Buzz) is doubling a recall of potentially deadly air bags to nearly 34 million vehicles, creating the largest automotive recall in American history, U.S. safety regulators said on Tuesday.
The recall involves passenger and driver-side air bag inflators in vehicles made by 11 automakers, the U.S. Department of Transportation, the National Highway Traffic Safety Administration and Takata said. It expands on the 16.6 million vehicles called back for repairs for the same issue in previous regional and national recalls, and boosts the number of vehicles affected globally since 2008 to more than 53 million.
WASHINGTON/DETROIT, May 19 (Reuters) – Japanese air bag
manufacturer Takata Corp has agreed to declare nearly
34 million vehicles defective due to problems with air bag
inflators, creating the largest automotive recall in American
history, U.S. safety regulators said on Tuesday.
The recall, which still does not identify the reason why the
problem is occurring, involves passenger and driver-side air
bags in vehicles made by 11 automakers, the U.S. Department of
Transportation and the National Highway Traffic Safety
Administration said. It expands on previous regional and
national recalls for the same issue.
PARIS/DETROIT (Reuters) – Sweden’s Volvo Cars has chosen a site in South Carolina for a $500 million investment in its first U.S. plant, it said on Monday, targeting a bigger share of the increasingly competitive North American premium market.
Work will begin this year on the factory in Ridgeville, Berkeley County, with production due to start in 2018 and quickly reach 100,000 vehicles a year.
DETROIT, May 1 (Reuters) – General Motors Co and Ford
Motor Co both reported stronger-than-expected U.S. auto
sales in April on Friday as robust demand for trucks, and
crossover and sports utility vehicles kept the industry on track
for its best year in almost a decade.
GM sales rose 6 percent, while Ford’s were up 5.4 percent.
Sales at Fiat Chrysler Automobiles and Nissan
Motor Co increased 5.8 percent and 5.7 percent,
respectively, but both results missed expectations.
DETROIT (Reuters) – General Motors Co (GM.N: Quote, Profile, Research, Stock Buzz) on Thursday said it will spend $5.4 billion over the next three years on its U.S. manufacturing plants to boost production and vehicle quality.
“The common thread among our investments is the focus on product improvements,” GM North American manufacturing chief Cathy Clegg said in a statement.