Facing billions of dollars in losses related to fines, penalties, repair costs, and other expenses connected to the massive recall of shrapnel-shooting airbags, Takata is reportedly looking at restructuring through bankruptcy as an option. But if the auto parts maker goes this route, would we all be stuck footing the bill to replace the defective safety devices? [More]
Edward Markey
Senators Urge Honda To Issue “Do Not Drive” Notice For Some Vehicles With Takata Airbags
By 7.26.16
Last month, tests revealed that each time certain older model Honda and Acura vehicles’ Takata airbags deploy, there’s up to a 50% chance that it will rupture, shooting shrapnel at drivers and passengers. While federal regulators urged owners not to drive these vehicles, lawmakers are now calling on Honda to issue the same warning to owners of vehicles containing the defective airbags. [More]
Senators Tell Airlines: Drop Checked Bag Fees To Speed Up Airport Security
By 5.11.16
With most airlines now charging for checked bags, passengers frequently travel with rolling suitcases that push the limits of the term “carry-on.” Would getting rid of these fees (and the bulkier carry-on bags) alleviate the increasingly long wait times at airport security? Yes, at least according to two lawmakers. [More]
Lawmakers Call For VW To Buy Back Emission-Cheating Cars At Pre-Scandal Value
By 11.19.15
Despite nearly a quarter of the 482,000 owners of Volkswagen vehicles equipped with “defeat devices” accepting a “goodwill package” of $1,000 in cash and credits for their troubles, lawmakers said on Thursday that the carmaker needs to do more – namely buy back the automobiles that violate federal air pollution emission standards. [More]
Senators Question Takata’s Ability To Complete Recall Replacement Amid Fines, Lost Customers
By 11.10.15
With Japanese auto parts maker Takata facing a $70 million fine from federal regulators, and car manufacturers ditching the company’s airbags, lawmakers urged the National Highway Traffic Safety Administration to ensure the company is able to complete the repairs to millions of vehicles in the event it files for bankruptcy. [More]
Senators Ask Automakers For Update On Cybersecurity Protection Measures
By 9.16.15
Following a string of high-profile incidents in which researchers were able to hack into – and in some cases take control of – a vehicle through its entertainment systems, lawmakers have renewed their push to ensure car manufacturers are adequately protecting consumers from such attacks. [More]
Senators Call For Recall Of All Vehicles With Takata Airbags
By 8.20.15
Because it could take some time for federal investigators to determine the cause of a ruptured Takata airbag in a Volkswagen — a carmaker that hadn’t been part of any earlier exploding, shrapnel-shooting airbag recalls — some lawmakers are calling for a recall of all vehicles equipped with airbags made by Takata. [More]
Senators Chastise Govt. For Making Money Off Struggling Student Loan Borrowers, Not Offering Enough Relief
By 2.27.15
For several years now the government has offered federal student loan forgiveness programs aimed at helping borrowers to avoid defaulting on their debts. While recent reports have shown that the popularity of the programs has exceeded expectations, a group of six senators say the Department of Education could do more given the billions of dollars in payments it receives from federal loans each year. [More]
