Automakers had their hands full with recalls last year, at least according to the latest numbers from the U.S. Department of Transportation’s National Highway Traffic Safety Administration. Today the NHTSA announced that vehicle manufacturers had filed more than 650 safety recalls in 2012, which includes more than 17.8 million vehicles, child seats and other equipment related to automobiles. [More]
The U.S. and Canadian governments now own a substantial portion of General Motors. If that means that us taxpayers are the real owners. So Consumer Reports Cars wants to know: what do you think GM should make?
On Sunday, a judge approved the sale of nearly all of Chrysler’s assets to a group led by Italy-based Fiat. [BBC]
After failing to get its debt-for-stock offer approved last week, and missing the June 1st deadline for concessions from creditors and its union, GM will file for bankruptcy later today. Reuters notes that its filing will be the third-largest in U.S. history, after Lehman Bros and Washington Mutual, and the largest ever in manufacturing.
In case you don’t watch “The Daily Show With Jon Stewart” as obsessively as I do, here’s a segment from earlier this week that is relevant to Consumerist readers’ interests. In it, they provide an overview of news coverage of the closing of GM and Chrysler dealerships, and implore the companies to “be a f@#king person!”
Here’s a story that we missed late last week, probably because we were busy having nightmares about snake heads. Toyota lost $7.74 billion this past quarter. That’s more than GM (though less than GM pre-bailout), and much more than predicted. It’s the company’s first annual loss since Elvis was in the Army.
I watched the Who Killed The Electric Car documentary last night and was thunderstruck by the “ad” that GM made when California made them make electric cars against their will. If you want to sell a car, you put a hot person in it and shoot them skidding at high speeds across desert plains. This was like trailer for a sequel to The Ring.
President Obama has ordered the EPA to allow states set their own fuel-efficiency standards (fourteen states had begun the process when President Bush put a stop to it a couple of years ago.) He’s also asked the DOT to “develop higher fuel-efficiency standards automakers would have to follow.” [USA Today]
What do you do when your industry starts to go belly up and you can’t make enough revenue to stay afloat? If you’re a short-sighted U.S. auto maker, you beg the government for $25-50 billion in immediate, low-interest loans in order to retool your plants, so you can start producing the hybrid cars you should have been planning years ago.