Correspondent, Detroit
Ben's Feed
Oct 24, 2014
Oct 24, 2014
Oct 24, 2014

U.S. House panel to meet with safety regulators about Takata air bags next week

WASHINGTON/DETROIT (Reuters) – The U.S. House committee looking into the defective air bags made by Japanese supplier Takata Corp (7312.T: Quote, Profile, Research, Stock Buzz) will hold an initial briefing with U.S. safety regulators next week to learn the details of the regional recalls affecting 10 automakers, a committee aide said on Friday.

The date of the House Energy and Commerce Committee’s briefing was not disclosed. It is not a hearing and will not be open to the public, the aide said.

Oct 24, 2014

Ford’s lower profit beats estimates; sales down on F-150 launch

DETROIT (Reuters) – Ford Motor Co’s third-quarter earnings fell 34 percent but beat Wall Street expectations on a strong showing in North America even as revenue fell due to the cost of introducing the F-150 pickup truck.

Ford’s launch of its aluminum-bodied F-150 is on track, the company said on Friday. A 3 percent drop in third-quarter revenue to $34.9 billion is largely linked to the planned shutdown of the F-150 plant in Dearborn, Michigan.

Oct 23, 2014
Oct 23, 2014

GM posts higher-than-expected profit on strong N. American demand

DETROIT (Reuters) – General Motors Co (GM.N: Quote, Profile, Research, Stock Buzz) on Thursday reported a higher-than-expected profit in the third quarter and said it had strong demand for its redesigned full-size pickup trucks in North America.

“Solid results really continue to be driven by strength in North America and China,” GM Chief Financial Officer Chuck Stevens told reporters at the company’s Detroit headquarters.

Oct 22, 2014

UAW eyes bargaining rights at VW Tennessee plant within a year

DETROIT (Reuters) – The United Auto Workers hopes to be recognized as the exclusive bargaining agent for workers at a Volkswagen AG (VOWG_p.DE: Quote, Profile, Research, Stock Buzz) assembly plant in Chattanooga, Tennessee within a year, the union’s President Dennis Williams said on Wednesday.

That would mark the first tangible victory for the UAW at a foreign-owned auto assembly plant in the U.S. South, where it has long faced stiff opposition in its attempts to organize workers.

Oct 22, 2014

U.S. regulators expand number of vehicles affected by Takata recalls

DETROIT, Oct 22 (Reuters) – U.S. safety regulators on
Wednesday expanded the number of vehicles in the United States
that may be affected by recalls for potentially defective Takata
Corp air bags that could spray shrapnel at occupants.

The U.S. National Highway Traffic Safety Administration
(NHTSA) said in a statement the number of vehicles from 10
automakers covered by recalls this year and in 2013 is now 7.8
million, up 28 percent from the 6.1 million announced on
Tuesday. The NHTSA said the new number corrected the vehicle
list provided in prior safety bulletins this week, adding some
vehicles and excluding others from previous bulletins.

Oct 22, 2014

U.S. regulator expands warning over Takata air bags, more lawsuits filed

DETROIT, Oct 21 (Reuters) – The problems for Japanese auto
parts maker Takata Corp grew after U.S. safety
regulators expanded a warning about faulty air bags to 6.1
million vehicles in the United States while two more lawsuits
have been filed over accidents in older Honda cars.

The news came a day after Toyota Motor Corp
recalled 247,000 vehicles in the United States because of
potentially defective Takata air bags that can rupture and spray
metal shrapnel at occupants.

Oct 21, 2014
    • 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."
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