According to Autodata, U.S. auto sales in May represent a seasonably adjusted annual rate (SAAR) of 17.45-million vehicles. . .which would have once been cause for busting out the champagne and party hats but now evokes a bit of a cringe, given that the SAAR was 17.70-million units in May 2015.
Gary S. Vasilash
Editor-in-Chief, AutoBeat Group
Review covers 20 years of reports
Millions of deadly inflators are still on the road
Expanded campaign targets 7 years of production
Honda is recalling an older design of defective Takata airbag inflator
Takata—the bankrupt airbag supplier responsible for the world’s largest auto-related recall ever—is throwing another 10 million defective devices into the mess.
Bankrupt Takata Corp. is recalling another 1.4 million vehicles in the U.S. that were equipped with its exploding airbag inflators.
Mazda Motor Corp. is recalling 116,900 vehicles in the U.S. to again replace their passenger-side frontal airbag inflators, this time with units that won’t degrade over time.
Toyota Motor Corp. is recalling 928,000 vehicles in the U.S. under the final phase of its multi-year effort to replace Takata Corp. airbag inflators that can degrade and then explode in a crash.
Toyota Motor Corp. is calling back 135,000 cars in the U.S. to replace already-replaced airbags because they may not inflate correctly.
Daimler AG says it is reviewing the product lineup for its Mercedes-Benz Vans unit and pondering other steps to cut fixed costs and streamline the division’s management structure.
The U.S. Dept. of Transportation confirms that Heidi King, acting head of the National Highway Traffic Safety Administration, will resign at the end of this month.
Japan’s Takata Corp. says it will record an extraordinary loss of 30 billion yen ($306 million) in the current fiscal year for warranty expenses.The costs are related to a global recall of 3.4 million vehicles by at least four automakers to fix a defective Takata-made airbag component.
Daimler AG posted a net loss attributable to shareholders of €1.3 billion ($1.4 billion) in the second quarter, reversing a €1.7 billion gain in the same period last year.
Former Daimler CEO Dieter Zetsche faces opposition to becoming chairman from key investors who blame him for the company’s problems.
Daimler AG has lowered its profit outlook for the fourth time since last summer, warning it will post a €1.6 billion ($1.8 billion) pretax loss in the second quarter.
Honda Motor Co. is recalling 1.68 million of its vehicles in the U.S. to again replace Takata Corp. airbag inflators that could explode in a crash.
The trust representing bankrupt Takata Corp. claims an airbag inflator supplier provided it with defective inflators.
Toyota, Honda, Nissan and Mazda say they will recall a combined 3.4 million vehicles worldwide to fix airbag inflators that could deploy with too much force.Tokyo-based Takata Corp., which made the defective parts, says some of the components also were used by BMW and General Motors.
MW AG is recalling 360,000 vehicles in China to replace Takata Corp. airbag inflators that could explode, the Xinhua News Agency reports.
Heidi King’s nomination to head the National Highway Traffic Safety Administration is heading for expected confirmation by the U.S. Senate.
Honda Motor Co. confirms a 16th fatality in the U.S. caused by a Takata Corp. airbag inflator exploding in a crash, Reuters reports.
Honda Motor Co. says it will again recall 1.1 million of its Honda and Acura brand vehicles in the U.S. to replace explosion-prone airbag inflators made by Takata Corp.
The European Commission has fined Autoliv and TRW for conspiring to rig prices for seatbelts, airbags and steering wheels supplied to BMW and Volkswagen Group.
Seven overseas carmakers are collectively recalling 1.7 million vehicles to replace Takata Corp. airbag inflators that could explode when triggered by a crash, the Associated Press reports.