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Takata Corp. filed for bankruptcy protection in Japan and the U.S., after the world’s biggest automotive recall scandal. The company will be bought by the U.S. supplier Key Safety for $1.59 billion. The sale will not include some operations related to Takata’s business in the ammonium nitrate airbag inflators that were the subject of a global recall linked to defects that resulted in some airbags exploding with too much force and spraying the cabin with metal shards. Malfunctioning Takata airbag inflators have been linked to at least 16 deaths and 180 injuries worldwide ...
J.D. Power has released its 2017 annual report card on vehicle quality and again the first spot has been taken by Kia. Only 72 problems per 100 Kia vehicles were reported, and that’s despite the shake-up in the 2017 U.S. Initial Quality Study rankings that included significant shifts with the German and Japanese brands -- most notably, Toyota and Lexus -- falling behind many U.S. and Korean car brands. The vice president of global automotive company J.D. Power said that Kia is without question the best quality the world has ever seen. The industry is picking up steam and really impr...
The continuing fall in US auto sales in the first 5 months of 2017 has raised concerns about the future of auto demand in the country. But even considering the decrease there are factors which are still favoring the US automotive industry: US demand for trucks and SUVs- The first key positive factor for automakers is that auto buyers’ inclination for heavyweight vehicles such as trucks and UVs (utility vehicles) is intact. US car sales have fallen 11.0% to 2.7 million units in the first five months of 2017. In contrast, US truck sales have risen 4.7% to 4.3 million u...
Mike Rocco served for more than two years as regional vice president of Nissan North America's mid-Atlantic region. He became regional vice president of Nissan's Central U.S. region just last month. He has more than 25 years of experience in the automotive business, both on the dealership and corporate level. Bentley Motors is tapping a seasoned automotive executive from Nissan to become vice president of sales and operations – a new role – for the British car brand's Americas division. Mike Rocco will start June 19 and be charged with managing Bentley's recent U.S....
General Motors aims to keep reducing the flow of vehicles from its plants to U.S. rental lots at least through 2018, continuing a strategy that has helped the automaker's North American operations pile up more than $26 billion in profits under CEO Mary Barra even as its overall market share keeps sliding. Alan Batey, GM's president of North America, said that sales to daily-rental fleets would fall by about 50,000 units this year and an unspecified amount in 2018. That would represent four straight years of declines for GM's rental deliveries, which already dropped from 16.1 percen...
