Automakers delay recalls to minimize stock penalties, avoid being the first safety issue in news cycle, study shows NEWSWISE Whether consciously or unconsciously, automotive firms time their product recalls to minimize stock price penalties, resulting in unnecessary delays and clusters of subsequent recalls by other companies, according to new research from the University of Notre Dame.
Toyota settles U.S. probe into delayed emissions defect reports for $180 million REUTERS Toyota Motor Corp settled a lengthy Justice Department civil probe into its delayed filing of emissions-related defect reports for $180 million, the government said on Thursday. The government said the settlement resolved Toyota’s “systematic, longstanding violations of Clean Air Act emission-related defect reporting requirements, which require manufacturers to report potential defects and recalls affecting vehicle components designed to control emissions.” read more »
U.S. asks Tesla to recall 158,000 vehicles for touchscreen failures REUTERS The National Highway Traffic Safety Administration (NHTSA) on Wednesday asked Tesla Inc to recall 158,000 Model S and Model X vehicles over media control unit failures that could pose safety risks by leading to touchscreen displays not working.
Biden to name Gary Gensler as U.S. SEC chair REUTERS Gary Gensler will be named chair of the U.S. Securities and Exchange Commission (SEC) by President-elect Joe Biden, said two sources familiar with the matter, an appointment likely to prompt concern among Wall Street firms of tougher regulation.
How Buttigieg Might Start The #MeToo Movement In Automotive Safety Design FORBES
Hyundai recall 471,000 Tucson SUVs: Automaker says owners should park outside USA TODAY Hyundai is adding about 471,000 SUVs to a September U.S. recall for an electrical short in a computer that could cause fires. And the company is warning owners to park the SUVs outdoors until the problem is repaired.
Tesla’s sudden accelerations were user error, US government says THE VERGE
Child labor in palm oil industry tied to Girl Scout cookies AP NEWS Olivia, who earned a badge for selling more than 600 boxes of cookies, had spotted palm oil as an ingredient on the back of one of her packages but was relieved to see a green tree logo next to the words “certified sustainable.” She assumed that meant her Thin Mints and Tagalongs weren’t harming rainforests, orangutans or those harvesting the orange-red palm fruit.
Businesses are being warned against raising prices on in-demand items
A trio of Mac users are alleging that the iMac suffers from a design flaw that causes smudging on the all-in-one computer's display and overheating on the computer's motherboard. And they've filed a lawsuit against the computer maker.
Members of the environmental group Greenpeace on Thursday climbed aboard a cargo container carrying diesel-powered Volkswagens
debate highlights the challenges of rolling out a new technology that does not fit neatly into an existing regulatory framework.
virtually all diesel cars emitted far more toxic fumes than in official laboratory based tests
responding to automakers' calls for elimination of legal barriers to putting autonomous vehicles on the road