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Takata Urges Shareholders to Retain Current Board
6/12/2017Takata Corp. is urging shareholders to reappoint its six-member board of directors, including reclusive Chairman Shigehisa Takada, in spite of the company’s failure to resolve exposure to recalls covering about 100 million of its flawed airbag inflators.
U.S. Court Upholds $11 Million Acceleration Verdict Against Toyota
6/12/2017Toyota Motor Corp. has lost its appeal of an $11 million verdict that found the carmaker 60% liable for a triple-fatality crash in 2006 that was blamed on an accelerator defect.
Uber CEO May Take Leave of Absence in Management Shakeup
6/12/2017Uber Technologies Inc. CEO Travis Kalanick may step down for a three-month leave of absence as early as today in a shakeup that includes the resignation of Kalanick’s closest confident, Chief Business Officer Emil Michael, according to media reports.
Senators Urge NHTSA to Speed Takata Recalls
6/12/2017Some 30.4 million explosion-prone Takata Corp. airbag inflators have been replaced in the U.S. in the past two years. But nearly 16 million such devices, which are blamed for 11 fatalities, are still in service and remain a threat.
UPDATE: Opel CEO Neumann Resigns, Likely to Head VW’s Audi Unit
6/12/2017Opel CEO Karl-Thomas Neumann has resigned ahead of General Motors Co.’s sale of the company to PSA Group. He is expected to be named CEO of Volkswagen AG’s Audi car unit.
2018 Honda Accord Drops V-6 for Turbo-4
6/9/2017Honda Motor Co. will offer a turbocharged 2.0-liter 4-cylinder engine on the 2018 Accord midsize sedan in place of the outgoing model’s optional 3.5-liter V-6.
State Coalition Vows to Fight Possible Vehicle Emission Rollback
6/9/2017A dozen U.S. state attorneys general and the District of Columbia say they will unite to legally challenge any effort by the Trump administration to roll back planned limits on greenhouse gas emissions from cars and light-duty trucks for 2022-2025.
GM Moves Up U.S. Availability of Chevy Bolt EV
6/9/2017General Motors Co. expects to launch nationwide sales of its Chevrolet Bolt electric sedan in August, a month ahead of schedule, Automotive News reports.
Autoliv Predicts a Surge in Its Airbag Business
6/9/2017Autoliv Inc. says its sales should jump from $10.1 billion last year to more than $12 billion by 2019 as it gains airbag orders from former customers of struggling supplier Takata Corp.
Report Says Bosch Software Enabled Diesel Cheating
6/9/2017A new study claims engine control software developed by Robert Bosch GmbH has been used for years by Volkswagen and Fiat Chrysler Automobiles to evade government emission tests.