Correspondent, Detroit
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Jun 23, 2015

Takata vehicle recall size includes double counting: U.S.

By David Morgan and Ben Klayman

(Reuters) – U.S. auto safety regulators on Tuesday said their estimate for the millions of vehicles affected by the Takata air bag recall will likely be revised because cars with two front air bags were double-counted.

Mark Rosekind, administrator of the National Highway Traffic Safety Administration, said in written testimony to the Senate Commerce Committee that regulators are waiting for automakers to provide information including the number of inflators that must be replaced more than once.

Jun 23, 2015

U.S. says Takata vehicle recall size includes double counting

June 23 (Reuters) – U.S. auto safety regulators on Tuesday
said their estimate for the millions of vehicles affected by the
Takata air bag recall will likely be revised because cars with
two front air bags were double-counted.

Mark Rosekind, administrator of the National Highway Traffic
Safety Administration, said in written testimony to the Senate
Commerce Committee that regulators are waiting for automakers to
provide information including the number of inflators that must
be replaced more than once.

Jun 22, 2015

Takata profit push may have harmed safety -Senate report

DETROIT, June 22 (Reuters) – Air bag maker Takata Corp
may have put profits before safety in a way that
contributed to one of the biggest and most complex auto recalls
ever, Democrats on a U.S. Senate committee said in a report
released on Monday.

The report by the minority on the Senate Commerce Committee
was released the day before a Washington hearing on Takata’s
defective inflators.

Jun 19, 2015

VW U.S. chief sees ‘limited growth’ until new SUVs arrive

DETROIT/BERLIN (Reuters) – Volkswagen AG (VOWG_p.DE: Quote, Profile, Research, Stock Buzz) expects “limited growth” in the United States over the next two years and will focus on defending the market share it has, the top executive for the region told Reuters, suggesting the German automaker will fall short of an ambitious 2018 sales target.

VW’s U.S. chief, Michael Horn, downplayed the importance of hitting annual U.S. sales of 800,000 vehicles by 2018, a goal VW Chief Executive Martin Winterkorn has held to despite slumping U.S. sales for the brand over the past two years.

Jun 2, 2015

U.S. May auto sales race to strongest pace in nearly decade

DETROIT (Reuters) – The U.S. auto industry remained on track for the best sales year in a decade as consumers bought cars and trucks in May at the fastest pace in almost a decade.

Sales of pickup trucks and SUVs again led the way, which bodes well for the profit margins of the major automakers.

Jun 2, 2015

Fiat Chrysler sees May industry sales flat to up 0.7 percent

DETROIT (Reuters) – The U.S. auto industry will remain on track for the best sales year in a decade despite industry growth being flat to up 0.7 percent in May, Fiat Chrysler Automobiles (FCA) (FCAU.N: Quote, Profile, Research, Stock Buzz) (FCHA.MI: Quote, Profile, Research, Stock Buzz) said on Tuesday.

FCA’s forecast is slightly more optimistic than those of Wall Street analysts surveyed by Reuters, who expected a 1 percent fall-off in May U.S. auto sales.

May 26, 2015

Takata faces questions over air bag fix as recalls expand

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.

May 21, 2015

Detroit prosecutors join criminal probe of Takata over air bags

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.

May 21, 2015

Ford sales growth mainly from Asia in next decade: exec

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.

May 21, 2015

Takata air bag recall could take years to complete

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.

    • 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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