According to the National Highway Traffic Safety Administration (NHTSA), improvements in the automobile recall process is the direct result of better communication between the regulators and manufacturers. He also added that substantial increases in fines for not reporting a recall promptly was also a big factor in encouraging manufacturers to be more pro active with recalls (more…)
Archive for the ‘Auto Industry’ Category
Better Communication Results In Automobile Safety
Thursday, January 31st, 2013As Sales Slow Auto Manufacturers Turn To U.S. Consumers
Friday, January 25th, 2013As vehicle sales slow around the world, automobile manufacturers are turning to the United States low interest rates and climbing consumer confidence to sustain this years sales. This is especially evident at this years North American International Auto Show in Detroit as luxury automobile manufacturers show new models aimed specifically at US consumers. (more…)
Consumer Complaints Play Big Roll In Auto Recalls
Friday, January 18th, 2013The United States has one of the most effective automobile investigation and recall programs in the world. Because of the hard work of the Office of Vehicle Safety Compliance (OVSC) and the National Highway Traffic Safety Administration (NHTSA) team, every day millions of drivers can feel safer on our roadways. (more…)
New Safety Rules For Buses And Trucks
Wednesday, January 16th, 2013The National Highway Traffic Safety Administration’s (NHTSA) main function is to prevent injuries, deaths, and reduce expensive costs due to traffic accidents. Their mission also includes issuing Corporate Average Fuel Economy (CAFE) standards to contribute to energy security and address climate change. (more…)
New Auto Technology Changes Driving
Monday, January 14th, 2013Today’s consumers love modern automobile technology, and according to a recent I.B.M. study, automobile buyers are increasingly buying vehicles according to the gadgets they contain. This has lead automakers on a race to see who can offer the latest in in-car technology. (more…)
Reborn Toyota Promises Comeback
Thursday, January 3rd, 2013After battling a turbulent four years, Toyota hopes to leave massive recalls, supply chain problems, and a strong Japanese Yen behind them, in an attempt to get back on track to growth expected before the crises. In 2012, Toyota regained its title as the largest automobile manufacturer (more…)
Toyota Fined For Recalls
Friday, December 21st, 2012Toyota will be fined the maximum penalty of $17.4 million for the second time since 2010, for failing to report automobile defects in a timely manner. In June of this year, Toyota announced a recall of over one hundred and fifty thousand 2010 Lexus RX350 and 2010 Lexus RX450H vehicles for problems with floor mats that could interfere with the accelerator pedal. (more…)
Bankrupt Battery Maker A123 Systems Sold
Wednesday, December 12th, 2012Bankrupt American battery maker, A123 Systems, has been auctioned off to Chinese auto parts maker Wanxiang Group, for $256 million. The sale includes A123’s automotive and commercial operations including three factories in the United States. (more…)
California Automobile Consumer Recovery Fund
Monday, December 10th, 2012In 2008, as hundreds of California auto dealerships closed down, consumers trading in their old vehicles were often left with two car payments as a result of the dealer not absolving the trade in loan before they went out of business. (more…)
Lincoln Works To Revive Luxury Brand
Friday, December 7th, 2012Lincoln’s 2013 MKZ midsize sedan, unveiled as a concept car at the Detroit auto show last January, is set to go on sale this month with an extravagant promotional campaign that will include an interactive display and visual presentation at Lincoln Center in New York. (more…)
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