Car electronics

Is Toyota’s $1.2 billion settlement a foreshadowing for GM ignition switch recall? – MLive.com

Friday, March 21, 2014

DETROIT, MI- General Motors Co. appears to be making a lot of the right moves regarding the recall of 1.6 million vehicles for an ignition switch problem that has been linked to 12 fatalities. In fact, GM CEO Mary Barra has personally apologized for the issue and promised to cooperate with numerous government organizations investigating how GM handled the recall. The company also has appointed a new vehicle safety czar; instructed dealers to…

GM rolls out new modular Ecotec engine family, boosting production [w/video] – Autoblog (blog)

Friday, March 21, 2014

New Modular Ecotec Engines are More Adaptable, Efficient 2014-03-19 Modular architecture streamlines powertrain portfolio, reduces manufacturing complexity Global design and manufacturing processes enhance adaptability, with 11 engine variants ranging from 1.0L to 1.5L Up to 2.5 million annual production at five global plants by 2017 DETROIT – A new generation of Ecotec small-displacement engines streamlines General Motors’ global powertrain portfolio with a modular architecture that broadens its adaptability to global…

GM hasn’t notified recall victims’ families – CNNMoney

Friday, March 21, 2014

GM CEO Mary Barra. Click on photo to see a timeline of GM’s recall problems. General Motors believes at least 12 people were killed by a flaw in the ignition switch in more than 1.6 million of its cars. But it has yet to reveal who those 12 people are — even to the victims’ family members. GM CEO Mary Barra revealed that fact during a media roundtable in Detroit…

Auto dealers fire back at Tesla CEO: ‘This Musk guy, he wants all the profits … – The Verge

Friday, March 21, 2014

Last week, New Jersey announced that it would begin enforcing a ban on the direct sale of automobiles by manufacturers, a change that will cripple electric-vehicle maker Tesla’s business in that state. The company’s CEO, Elon Musk, responded with a fiery blog post accusing state legislators of cutting a backroom deal with traditional franchised auto retailers — retailers with which Tesla has consistently refused to do business — and playing…

Toyota Is Fined $1.2 Billion for Concealing Safety Defects – New York Times

Thursday, March 20, 2014

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Toyota’s $1.2 billion settlement may be model for US probe into GM – Reuters

Thursday, March 20, 2014

WASHINGTON/DETROIT (Reuters) – Toyota Motor Corp will pay a record $1.2 billion to resolve a criminal probe into safety issues, in a deal that could serve as a template for how U.S. authorities approach a similar investigation into General Motors Co. The settlement between the Justice Department and Toyota includes an admission by the auto manufacturer that it misled American consumers about two different problems that caused cars to accelerate…

GM hasn’t notified recall victims’ families – CNNMoney

Thursday, March 20, 2014

GM CEO Mary Barra. Click on photo to see a timeline of GM’s recall problems. General Motors believes at least 12 people were killed by a flaw in the ignition switch in more than 1.6 million of its cars. But it has yet to reveal who those 12 people are — even to the victims’ family members. GM CEO Mary Barra revealed that fact during a media roundtable in Detroit…

GM must pay for pre-bankruptcy ignition deception: lawsuit – Reuters

Thursday, March 20, 2014

NEW YORK (Reuters) – General Motors Co was hit with a lawsuit on Wednesday demanding that the company be held liable for allegedly concealing ignition problems before its 2009 bankruptcy. The ignition switch problems led to the recall of 1.6 million vehicles last month. GM is a different legal entity than the one that filed the 2009 bankruptcy that shook the U.S. economy. The so-called new GM is not responsible…

Toyota’s $1.2 billion settlement may be model for US probe into GM – Reuters

Thursday, March 20, 2014

WASHINGTON/DETROIT (Reuters) – Toyota Motor Corp will pay a record $1.2 billion to resolve a criminal probe into safety issues, in a deal that could serve as a template for how U.S. authorities approach a similar investigation into General Motors Co. The settlement between the Justice Department and Toyota includes an admission by the auto manufacturer that it misled American consumers about two different problems that caused cars to accelerate…

GM hasn’t notified recall victims’ families – CNNMoney

Thursday, March 20, 2014

GM CEO Mary Barra. Click on photo to see a timeline of GM’s recall problems. General Motors believes at least 12 people were killed by a flaw in the ignition switch in more than 1.6 million of its cars. But it has yet to reveal who those 12 people are — even to the victims’ family members. GM CEO Mary Barra revealed that fact during a media roundtable in Detroit…

Toyota Expected to Settle Justice Dept. Investigation – New York Times

Thursday, March 20, 2014

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Toyota Admits Misleading Customers; Agrees To $1.2 Billion Criminal Fine – Forbes

Thursday, March 20, 2014

In a stunning punch to one of the most admired carmakers in the world, the U.S. Justice Department today announced a criminal fraud charge against Toyota Motor Toyota Motor for misleading customers about unintended acceleration complaints in its cars, and said it would defer prosecution in exchange for a $1.2 billion fine, the largest in history against any automaker. The government also said it would appoint an independent monitor to…

Toyota Challenges ‘Outrageously Unreasonable’ Fees In Prius Class Action – Forbes

Thursday, March 20, 2014

A federal judge is scheduled to hear arguments early next month in an increasingly nasty fight over $1.7 million in fees five class-action law firms want for negotiating a settlement over allegedly defective Toyota Prius headlights. The judge previously described their fee request as “outrageously unreasonable,” but the law firms, led by Gerard Gibbs of San Francisco and New York, think they deserve it for negotiating a  settlement worth about…

Toyota’s $1.2 billion settlement may be model for US probe into GM – Reuters

Wednesday, March 19, 2014

WASHINGTON/DETROIT (Reuters) – Toyota Motor Corp will pay a record $1.2 billion to resolve a criminal probe in to safety issues, in a deal that could serve as a template for how U.S. authorities approach a similar investigation into General Motors Co. The settlement between the Justice Department and Toyota includes an admission by the auto manufacturer that it misled American consumers about two different problems that caused cars to…

The Biggest Threat To The US Auto Industry From GM’s Recalls – Forbes

Wednesday, March 19, 2014

On Tuesday, General Motors General Motors named a 40-year company veteran, Jeff Boyer, to a new position as vice president of global vehicle safety. He joined the automaker in 1974, when GM’s leadership of the automobile industry, both in the United States and around the world, was unrivaled. But during Boyer’s four decades at the car company, GM saw its market share take a steady slide. The automaker lost its…

Barra on recall: ‘Terrible things happened’ – CNNMoney

Wednesday, March 19, 2014

  General Motors CEO Mary Barra gave her most critical statement yet on the automakers’ handling of a flawed ignition switch, calling it a tragic situation in which “terrible things happened.” Barra, in a video taped for GM employees and released to the public Monday, said various congressional probes and even an criminal investigation into the recall shouldn’t come as a surprise to anyone. “After all, something went wrong with…

Toyota Set to Pay $1 Billion in US Probe – Wall Street Journal

Wednesday, March 19, 2014

The Justice Department is expected to announce a settlement with Toyota Motor Corp. as early as Wednesday that could cost the auto maker more than $1 billion to end a criminal probe into its disclosure of safety issues, people familiar with the matter said. The deal would cap a four-year investigation with one of the largest fines ever imposed on an auto maker. It is expected to include a deferred…

Video: GM CEO Barra says ‘something went wrong’ – USA TODAY

Wednesday, March 19, 2014

General Motors CEO Mary Barra.(Photo: Steve Fecht for GM) In a video message to General Motors employees on Monday CEO Mary Barra offered an update on “where things stand” with the ignition switch recall and with the company’s efforts to improve its handling of such issues. Barra noted the widening number of investigations into the switch recall and said the growing scrutiny is to be expected because “something went wrong…

GM Chief Steps Up to Handle Safety Questions – New York Times

Wednesday, March 19, 2014

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The Biggest Threat To The US Auto Industry From GM’s Recalls – Forbes

Wednesday, March 19, 2014

On Tuesday, General Motors General Motors named a 40-year company veteran, Jeff Boyer, to a new position as vice president of global vehicle safety. He joined the automaker in 1974, when GM’s leadership of the automobile industry, both in the United States and around the world, was unrivaled. But during Boyer’s four decades at the car company, GM saw its market share take a steady slide. The automaker lost its…