Correspondent, Detroit
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Mar 27, 2014
Mar 26, 2014
Mar 26, 2014
Mar 26, 2014

Exclusive: GM’s new recall risk – the spare parts market

DETROIT/WASHINGTON (Reuters) – As General Motors Co recalls 1.6 million vehicles that have defective ignition switches linked to at least 12 deaths, it faces another potential risk – this time in the spare parts market.

Repair shop owners say it is still possible to purchase GM brand ignition switches manufactured by Delphi Automotive carrying the same parts number as the product at the center of the recall.

Mar 26, 2014

GM’s new recall risk: the spare parts market

DETROIT/WASHINGTON (Reuters) – As General Motors Co (GM.N: Quote, Profile, Research) recalls 1.6 million vehicles that have defective ignition switches linked to at least 12 deaths, it faces another potential risk – this time in the spare parts market.

Repair shop owners say it is still possible to purchase GM brand ignition switches manufactured by Delphi Automotive (DLPH.N: Quote, Profile, Research) carrying the same parts number as the product at the centre of the recall.

Mar 19, 2014
Mar 19, 2014
Mar 19, 2014

Toyota to pay $1.2 billion penalty over safety issues

WASHINGTON/DETROIT (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research) will pay a record $1.2 billion (721.1 million pounds) to resolve a criminal probe in to safety issues, in a deal that could serve as a template for how U.S. authorities approach a similar investigation into General Motors.

The settlement between the Justice Department and Toyota includes an admission by the auto manufacturer that it misled American consumers about two different problems that caused cars to accelerate even as drivers tried to slow them down.

Mar 19, 2014

U.S. says Toyota to pay $1.2 billion over safety issues

WASHINGTON/DETROIT, March 19 (Reuters) – Toyota Motor Corp
will pay a record $1.2 billion to resolve a criminal
investigation into its handling of consumer complaints over
safety issues, the U.S. Justice Department said on Wednesday.

Toyota admitted it misled American consumers by concealing
and making deceptive statements about two safety issues, each of
which caused a type of unintended acceleration, the Justice
Department said.

Mar 19, 2014

Toyota in U.S. settlement over unintended acceleration: source

By Nate Raymond and Ben Klayman

(Reuters) – The U.S. Justice Department has reached a settlement of more than $1 billion with automaker Toyota Motor Corp, stemming from its handling of consumer complaints over unintended vehicle acceleration, a person briefed on the matter said.

The settlement could be announced as early as Wednesday, according to the source, who declined to be identified because the agreement was not yet public.

    • About Ben

      "Ben Klayman is based in Detroit and in April was named leader of the global automotive team for Reuters. Previously, Ben covered the business of sports as well as consumer and retail for three years and led the manufacturing/housing team for four years. He also covered the telecommunications sector for three years. He joined Reuters in Detroit in 1998 to cover autos. Prior to joining Reuters, he worked at a series of daily newspapers in Ohio and Maryland. Ben graduated from Washington University in St. Louis in 1989 with a bachelor's degree in English literature."
      Joined Reuters:
      1998
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