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US auto safety regulators fined Fiat Chrysler Automobiles $70 million for failing to report key safety data to regulators on death and injury claims linked to their vehicles.The penalty is an amendment to an earlier $105 million fine on Fiat Chrysler over its poor handling of auto recalls, taking the total in the enforcement case to $175 million, said the National Highway Traffic Safety Administration.Fiat Chrysler acknowledged earlier this fall that it failed to provide early warning data to regulators over a period of several years. That data - which includes deaths, injuries, warranty ...
Takata Corp. handled their air bag crisis is the very reason why they lost one of their biggest investors, Sawakami Asset Management. He was one of the automotive supplier, 12th largest shareholder, but the firm lost faith in Takata after the management refused to explain what was happening during the crisis. “We could not help feeling the management is not trustworthy,” fund manager Takahiro Kusakari said in an interview from his office in Tokyo. “We felt Takata had a ‘we are needed and our products are needed, so the business will come back and the situation won&...
Fiat Chrysler Automobiles misinformed US auto safety controllers about recall announcements to the owners of Fiat cars.A transportation secretary is engaged to monitor the recall of millions of Fiat Chrysler vehicles. Takata's air bag inflators can burst up into the passenger compartment. Such air bags led to eight deaths and they had to recall tens of millions of cars, including 4 million made by Fiat Chrysler.Gordon Trowbridge, a spokesman for NHTSA, said Slater, head of Transportation Department, had disclosed his representation of Takata, but the safety administration and Fiat Chr...
The famous magazine Consumer Reports recalls its recommendation for the purchase of Tesla model.Consumer Reports released an article which is dedicated to the most reliable cars in the world.This publication noted that, despite the excellent dynamics and safety, electric Tesla Model S is not so reliable. In the interview participated about 1400 owners of such models saying that the level of reliability of Tesla electric vehicle is very low.The most often, the owners of Tesla hybrid car complain about the transmission operation, charging system, door locks, and panoramic roof, also the large to...
There is no doubt that ceratin automotive brands have to benefit from the Volkswagen's troubles after the emissions scandal.Full-line brands including Ford, Toyota and Honda are the most frequently cross-shopped against VW, according to market experts' data. Based on cross-shopping patterns, these brands could gain most if shoppers spurn VW: Ford would gain 26%, Honda - 23%, Toyota - 20%, 18% would go to BMW and 19% - to Mazda.But Volkswagen might have enough in its arsenal to keep some of those shoppers in the fold. Some gasoline-powered VW models had a s...