Like tens of millions of American cars, his is equipped with a potentially deadly Takata air bag, one that won’t be fixed anytime soon because parts aren’t available. The vehicle is parked in his driveway. “I tell my wife and kids the same thing we’re telling everyone else: For all the frustration, make sure you’re […]
It was a reminder that the two-year-old Web startup faces some of the same challenges as a brick-and-mortar retailer. About a year ago, violent storms hit the Houston area. When the floodwaters receded, Vroom, an online seller of used cars, discovered it had lost more than 100 vehicles, equal to about $3 million in sales. […]
That compares with the company’s market capitalization of about $312 million, which has shrunk by almost 80 percent since the crisis began in April 2013. The auto-parts maker has estimated cash and equivalents may drop another 24 percent to 49.7 billion yen ($456 million) by the end of March 2017 if recalls continue at the current pace, […]
The worst-case recall scenario would involve 287.5 million airbag inflators, said the person, who asked not to be identified because the company’s deliberations are private. Takata and the automakers still have to determine how the costs are shared, the person said. Takata Corp., the supplier behind the auto industry’s biggest recall ever, estimated a comprehensive callback […]
The car didn’t stop, and its power steering failed, she said. Spain rear-ended the vehicle in front of her, scraping the bridge’s inside rail. The accident left her with back and neck injuries. A passenger, Lawrence Barthelemy, was also hurt. Dionne Spain was driving her 2007 Saturn Sky over the Crescent City Connection bridge in […]
“I got married, and I wanted to make more money,” Sadak says, but the city was in the throes of recession. Renan Sadak, who has a degree in computer science from his native Iraq, could land only an $11-an-hour job managing a liquor store when he arrived in Detroit seven years ago as a refugee. […]
The 500 trillion yen ($4.4 trillion) economy is home to eight automakers, including the world’s sales leader Toyota Motor Corp., and other global players such as Honda Motor Co. and Nissan Motor Co. That’s more than car-loving Germany, which has three domestic automakers, or the far bigger U.S. market, where Ford Motor Co., General Motors […]
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