Honda CEO Ousted Amidst Airbag Woes

Honda CEO Ousted Amidst Airbag Woes

Honda’s ongoing airbag problem has claimed another victim. In this case, it’s President and CEO Takanobu Ito, who will step aside in April, at the end of the automaker’s fiscal year. Honda has been forced to recall millions of vehicles around the world due to problems...
NHTSA Fining Takata $14K a Day

NHTSA Fining Takata $14K a Day

Takata’s refusal to fully cooperate in a federal investigation of its exploding airbags responsible for the recall of more than 18 million vehicles will now cost them more than bad publicity – the company’s going to pony up $14,000 a day. “Safety is a shared...
Hyundai Shows New 2016 Tucson Ahead of Geneva Debut

Hyundai Shows New 2016 Tucson Ahead of Geneva Debut

Two weeks after teasing us with some early renderings – and another two weeks before its official debut at the Geneva Motor Show – Hyundai has offered up several complete images of the next generation Tucson sport-utility vehicle. With a sleeker design that moves even...
GM Names Glidden as General Counsel

GM Names Glidden as General Counsel

General Motors has recruited a veteran of the oil industry to serve as its next general counsel as it begins to dig out from the litigation surrounding the faulty ignition switch recall failure, which has already cost the company an estimated $3 billion. GM appointed...
Automotive Loans at All-Time Highs

Automotive Loans at All-Time Highs

Americans owe more money for new and used cars than ever: $866 billion, according to Experian Automotive. That’s the outstanding loan balance for vehicles in the U.S. and not only have Americans borrowed more than ever for cars, the average length of new car loans is...
Study Forecasts Three More Years of Auto Sales Growth

Study Forecasts Three More Years of Auto Sales Growth

After one of the worst downturns in U.S. automotive history, the industry could be in the midst of one of the more long-lasting recoveries, according to a new study predicting sales will continue to grow through 2017. Americans bought 16.4 million vehicles last year,...
Consumers Expect Gas Prices to Rise Sharply Again

Consumers Expect Gas Prices to Rise Sharply Again

Consumers may relish the sharp slump in fuel prices during the last few months, but they anticipate prices will eventually rebound – and want automakers to continue putting a premium on fuel economy, according to a new survey. In the early weeks of the New Year,...