Cars
Swedish premium carmaker Volvo has agreed to pay a US$1.5 million (€1.2 million) fine to settle U.S. government allegations that the company's North American division failed to report safety defects and noncompliances to federal regulators in a timely fashion.
- Toyota Pays Nhtsa Record $17.35 Million For Delaying Lexus Rx Recall On Pedal Entrapment Issue
For the fourth time since 2010, Toyota has been fined the maximum penalty for delaying recalls. On Tuesday, the National Highway Traffic Safety Administration (NHTSA) announced that it has slapped Toyota with a record $17.35 million (€13.15 million...
- China’s Pang Da Places A New €15 Million Order For Saab Vehicles
Chinese distributor Pang Da Automobile is pumping more cash into Spyker NV's ailing Swedish unit Saab by placing a new order for 630 vehicles valued at €15 million or US$21.5 million. This latest order comes after an earlier one last week for...
- Toyota Set To Pay $16.4 Million Fine "to Avoid Litigation" On Sticky-pedals
Today Toyota agreed to pay it's relatively meaninglessly 16.4 million dollar fine regarding its sticky-pedal recall. Meaningless not only because that the capped fine is less than a drop in the bucket to Toyota (Automotive News reports it will be...
- Oh, Fine: U.s. Slaps Toyota With $16.4 Million Dollar Penalty
With all the hubbub around Toyota's unintended acceleration debacle, the New York Times reports that the United States' Department of Transportation will be seeking the highest civil fine ever (per automotive recall) allowed by the Tread Act:...
- China's Beijing Auto Also Interested In Buying Volvo
A second Chinese firm has been added to the list of potential bidders for FoMoCo's Volvo division. Aside from Geely Automobiles Holdings, the Wall Street Journal reported on Wednesday in its online edition that the Chinese government-owned Beijing...
Cars
U.S. Government Slaps a $1.5 Million Fine on Volvo for Delayed Recall Reporting
Swedish premium carmaker Volvo has agreed to pay a US$1.5 million (€1.2 million) fine to settle U.S. government allegations that the company's North American division failed to report safety defects and noncompliances to federal regulators in a timely fashion.
The fines received from Volvo, a company that prides itself on its reputation for safety, will be paid into the General Fund of the U.S. Treasury.
Read more »- Toyota Pays Nhtsa Record $17.35 Million For Delaying Lexus Rx Recall On Pedal Entrapment Issue
For the fourth time since 2010, Toyota has been fined the maximum penalty for delaying recalls. On Tuesday, the National Highway Traffic Safety Administration (NHTSA) announced that it has slapped Toyota with a record $17.35 million (€13.15 million...
- China’s Pang Da Places A New €15 Million Order For Saab Vehicles
Chinese distributor Pang Da Automobile is pumping more cash into Spyker NV's ailing Swedish unit Saab by placing a new order for 630 vehicles valued at €15 million or US$21.5 million. This latest order comes after an earlier one last week for...
- Toyota Set To Pay $16.4 Million Fine "to Avoid Litigation" On Sticky-pedals
Today Toyota agreed to pay it's relatively meaninglessly 16.4 million dollar fine regarding its sticky-pedal recall. Meaningless not only because that the capped fine is less than a drop in the bucket to Toyota (Automotive News reports it will be...
- Oh, Fine: U.s. Slaps Toyota With $16.4 Million Dollar Penalty
With all the hubbub around Toyota's unintended acceleration debacle, the New York Times reports that the United States' Department of Transportation will be seeking the highest civil fine ever (per automotive recall) allowed by the Tread Act:...
- China's Beijing Auto Also Interested In Buying Volvo
A second Chinese firm has been added to the list of potential bidders for FoMoCo's Volvo division. Aside from Geely Automobiles Holdings, the Wall Street Journal reported on Wednesday in its online edition that the Chinese government-owned Beijing...