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Business - Takata air bag lawsuits sent to Florida court

By Jessica Dye NEW YORK (Reuters) - Dozens of lawsuits against Takata Corp and several car manufacturers over faulty air bags that prompted a wave of recalls will be heard in a Florida federal court, a judicial panel has ruled. U.S. District Judge Frederico Moreno in the Southern District of Florida will preside over the cases, according to a ruling Thursday from the U.S. Judicial Panel on Multidistrict Litigation. More than 70 proposed class actions have been filed in the past few months by customers who say Takata air bags are defective and can violently explode and spray metal debris, putting passengers at risk of injury or death. Some of the lawsuits name as defendants several automakers, including Honda Motor Co, BMW, Ford Motor Co, Nissan Motor Co Ltd, Subaru Co Ltd and Toyota Motor Corp. The lawsuits say Takata and the automakers knew about the air bag problems for years but until recently failed to recall the cars or warn customers and safety regulators.

Friday, February 06, 2015  17:42


Business - U.S. regulator orders national Takata driver-side air bag recall

By Bernie Woodall DETROIT (Reuters) - The U.S. National Highway Traffic Safety Administration on Wednesday ordered air bag supplier Takata Corp to expand its regional recall of driver-side air bags to cover the entire United States. Such a nationwide recall would affect vehicles made by five automakers: Ford Motor Co ; Honda Motor Co ; Chrysler Group LLC, a unit of Fiat Chrysler Automobiles ; Mazda Motor Corp and BMW AG . NHTSA gave Takata until Tuesday to issue a recall. ...

Wednesday, November 26, 2014  17:35


Business - Fed`s Lockhart sees strong U.S. growth, rate hike in mid-2015

ATLANTA (Reuters) - The U.S. economy is motoring ahead in its recovery, likely putting the Federal Reserve in position to raise interest rates by the middle of the year, Atlanta Fed President Dennis Lockhart said on Monday.

Monday, January 12, 2015  17:48


Top Stories - Global search for Paris suspect

Hayat Boumeddiene seemed kind and polite, always wearing a veil and often motoring around on a scooter with her romantic partner, Amedy Coulibaly, a neighbor in a southern Paris suburb recalls.

Monday, January 12, 2015  15:05


Top Stories - Search for female suspect goes global

Hayat Boumeddiene seemed kind and polite, always wearing a veil and often motoring around on a scooter with her romantic partner, Amedy Coulibaly, a neighbor in a southern Paris suburb recalls.

Monday, January 12, 2015  04:06


World - Hunt on for woman linked to Paris grocery store hostage-taker

Hayat Boumeddiene seemed modest and polite, always wearing a veil and often motoring around on a scooter with her boyfriend Amedy Coulibaly, a neighbor recalls. Now the 26-year-old Boumeddiene is the subject of a huge search after Coulibaly -- said to be linked to two brothers accused in the Charlie Hebdo massacre -- allegedly killed hostages at a Paris kosher supermarket Friday before police fatally shot him.

Saturday, January 10, 2015  18:04


Business - Japan automakers add 550,000 cars to Takata air bag recalls

By Chang-Ran Kim and Mari Saito TOKYO (Reuters) - Three Japanese automakers will recall more than half a million cars globally to replace air bag inflators made by Takata Corp , bringing the total tally of Takata-related recalls across all brands to around 20 million since 2008. The recalls announced on Thursday by Honda Motor , Nissan Motor and Mitsubishi Motors correspond with a similar, precautionary recall by Toyota Motor last week after a recent `unusual deployment` of a passenger-side air bag at a scrap yard in Japan. ...

Thursday, December 11, 2014  07:50


Business - Exclusive: GM will build Chevy Bolt in Michigan in late 2016 - sources

By Paul Lienert DETROIT (Reuters) - General Motors Co plans to begin building the Chevrolet Bolt, its all-new $30,000 electric car, in October 2016 at an underused small-car plant north of Detroit, two supplier sources said. Despite the heavy hype surrounding the car`s unveiling last month at the Detroit auto show, the sources said, GM`s production target for the Bolt is relatively modest, at about 25,000-30,000 cars a year. Last year, GM sold 18,800 Chevrolet Volt hybrid electric cars. The Bolt will compete with a similar car, the Model 3, planned by Tesla Motors Inc in calendar 2017, as well as the Nissan Leaf, which sold just over 30,000 last year.

Thursday, February 05, 2015  22:39


Business - General Motors plans fresh move into electric car market: report

WASHINGTON (Reuters) - General Motors Co plans to offer a new electric car model with a style and price-point that can compete with the popular Tesla Model S sedan, the Wall Street Journal reported on Friday. The $30,000 electric vehicle called the Chevrolet Bolt, expected to debut commercially in 2017, will be able to drive 200 miles on a charge and is intended to cut into a market where Elon Musk`s Tesla Motors Inc has been an investor darling. ...

Saturday, January 10, 2015  19:16


Business - Nissan can meet U.S. sales goal with capacity in South Korea, Japan

Nissan Motor Co will be able to meet its goal of taking 10 percent of the U.S. market in two years without any major new investments and by making use of capacity available at factories in Japan and South Korea, a top executive said on Friday. Jose Munoz, executive vice president of Nissan and chairman of its North American arm, also said there was no reason for Nissan to continue lagging Honda Motor Co in the United States given its broader product range and larger manufacturing footprint in North America. `I`m confident we will overtake them,` Munoz told reporters at Nissan`s global headquarters in Yokohama, declining to estimate a time frame.

Friday, February 27, 2015  02:10

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