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May 20, 2015

Takata doubling U.S. recall for defective air bags to 34 million vehicles

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.

May 19, 2015

Takata to recall 34 mln vehicles in U.S. with defective air bags

WASHINGTON/DETROIT (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.

May 19, 2015

Takata recalling about 34 mln vehicles in U.S. with defective air bags

WASHINGTON, 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.

May 19, 2015

Takata declares air bags in nearly 34 million vehicles defective: U.S.

WASHINGTON (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.

May 19, 2015

Amtrak seeks fast U.S. approval for automated braking feature -document

WASHINGTON, May 18 (Reuters) – Amtrak is seeking expedited
approval to equip the Philadelphia site of last week’s
high-speed derailment with an automated braking system that
could have prevented the fatal mishap, according to a federal
regulatory document reviewed by Reuters.

The passenger rail operator told the Federal Communications
Commission (FCC) last Thursday that it would ask for special
temporary authority to use a radio frequency needed to operate a
speed-control system known as positive train control, or PTC, in
“the accident area,” an FCC document shows.

May 18, 2015

U.S. regulators turn up heat on Fiat Chrysler recalls

By David Morgan and Paul Lienert

(Reuters) – The Obama administration on Monday escalated a running regulatory battle with Fiat Chrysler Automobiles NV, saying it could impose “multiple penalties” on the automaker and order a public hearing to examine FCA’s handling of 20 recalls affecting more than 10 million vehicles.

The National Highway Traffic Safety Administration said Fiat Chrysler (FCHA.MI: Quote, Profile, Research) (FCAU.N: Quote, Profile, Research) could face up to $700 million (447 million pounds) in fines and be required to buy back or replace vehicles if regulators find evidence that it failed in its legal recall obligations.

May 18, 2015

U.S. announces July hearing on Fiat Chrysler recalls

By David Morgan and Paul Lienert

(Reuters) – The Obama administration on Monday escalated its running regulatory battle with Fiat Chrysler Automobiles NV by announcing a public hearing to scrutinize how the automaker has handled 20 recalls affecting more than 10 million vehicles.

As part of a broader effort to get automakers to speed up the repair of recalled cars and trucks, the National Highway Traffic Safety Administration said FCA could face up to $700 million in fines and be required to buy back or replace vehicles if regulators find evidence that it failed in its legal recall obligations.

May 13, 2015

Amtrak crash throws spotlight on funding disputes; Republicans back cuts

WASHINGTON, May 13 (Reuters) – Republican lawmakers in the
U.S. Congress backed new spending cuts for Amtrak on Wednesday,
just hours after a deadly accident, reviving an often rancorous
debate over the public funding of America’s struggling passenger
railroad.

The Republican-controlled House of Representatives
Appropriations Committee rejected a Democratic bid to provide
Amtrak the full $2.45 billion in funds for the upcoming fiscal
year requested in President Barack Obama’s budget.

May 12, 2015

US FDA panel recommends Vertex cystic fibrosis treatment

WASHINGTON, May 12 (Reuters) – A U.S. Food and Drug
Administration advisory committee on Tuesday recommended
approval of Vertex Pharmaceuticals Inc’s combination
cystic fibrosis therapy, finding it to be safe and effective for
patients ages 12 and up.

The recommendation, which came in a 12-1 vote, will now be
considered by FDA officials who are expected to decide by July 5
whether to approve the treatment, Orkambi, for sale in the
United States. The FDA usually follows the recommendations of
its advisory panels but does not have to.

May 6, 2015

FAA in partnerships to test beyond-line-of-sight drones

WASHINGTON (Reuters) – The Federal Aviation Administration said it would work with two private U.S. companies to test commercial drones that can fly beyond an operator’s line of sight, a precursor to sophisticated drone operations such as package delivery.

The separate partnerships, with drone makers PrecisionHawk and BNSF Railway Co, owned by Warren Buffett’s Berkshire Hathaway Inc, are a potential milestone in developing unmanned aircraft for a variety of business applications.

    • About David

      "David Morgan has covered news from Wall Street and Fleet Street to the White House, the Pentagon and Congress, including politics, macroeconomics, military affairs, corporate finance, U.S. intelligence, national security and the international markets. He has also reported from Atlanta on the rise of American conservatism, civil rights, homegrown terrorism and the Olympics, and helped chronicle the Sept. 11 attacks and their aftermath from Philadelphia, New York and Washington."
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