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U.S. car safety regulators face review over safety lapses

WASHINGTON, Oct 25- The Transportation Department will conduct an internal review of U.S. auto safety regulators in response to a series of safety lapses, including this week's reports of defective airbags, a senior administration official said on Saturday. The news of the review emerged days after Toyota Motor Corp recalled 247,000 vehicles in the United...
Source: Reuters
Texas Judge Appoints Bob Hilliard and Mark Lanier To Lead GM Suit

CORPUS CHRISTI, Texas, Oct. 25, 2014/ PRNewswire/-- A Texas judge has determined who will lead all Texas consolidated state court cases involving the General Motors Ignition Switch Litigation. Judge Robert Schaffer of the 152nd District Court for Harris Country, Texas, created a powerhouse legal team by his appointment of Bob Hilliard and Mark Lanier as the...
Source: PR Newswire
Final Glance: Autos companies

Ford Motor Co. fell$. 62 or 4.3 percent, to $13.78. General Motors Co. fell$. 89 or 2.9 percent, to $30.04. Honda Motor Co. fell$. 55 or 1.7 percent, to $31.07.
Source: The Associated Press
EXCLUSIVE-Ford to overhaul Lincoln brand, this time with big bucks

Lincoln, a storied Detroit brand which Ford has owned since 1922, has been in a swoon for the past two decades, leaving dealers and customers wondering if Ford management had left the brand for dead. Now, with the renewed backing of Executive Chairman Bill Ford and the company's board, Fields has committed the automaker to a multiyear, multibillion-dollar...
Source: Reuters | By: Paul Lienert and Bernie Woodall
What you need to know about massive air bag recall

So far, more than 12 million vehicles worldwide with air bags made by Japanese parts supplier Takata Corp. have been recalled for the problem. There have been recalls in Japan, Europe, China and other areas. A: Chemicals that quickly inflate air bags during a crash are exploding with too much force in Takata air bags made from 2001 to 2011. This blows apart metal...
Source: The Associated Press | By: TOM KRISHER, AP Auto Writer
UPDATE 1-U.S. appeals court rules for GM over Spyker's Saab sale

Oct 24- General Motors Co persuaded a federal appeals court to uphold the dismissal of a $3 billion lawsuit in which Spyker NV accused it of derailing a plan to sell the Swedish automaker Saab to a Chinese company. The 6th U.S. Circuit Court of Appeals in Cincinnati on Friday said Spyker failed to show GM intentionally interfered with the Dutch company's effort to...
Source: Reuters | By: Jonathan Stempel
US official: Auto safety agency under review

A special Transportation Department team is examining whether "we have the dial set correctly on risk management and our safety posture in general" throughout the department, especially at the safety administration, said the official, who asked that he not be named as a condition of briefing reporters. The safety agency is part of the Transportation...
Source: The Associated Press | By: JOAN LOWY, Associated Press
Large SUVs register big gains as gas prices fall

Sales and profits from large SUVs are boosting companies such as General Motors and Ford.
Source: CNBC.com | By: Phil LeBeau
Hagens Berman Investigating Takata for Massive Airbag Recall, Seeking Information

SEATTLE---- Hagens Berman, a national class-action law firm, is investigating Japanese parts supplier Takata for a recent rash of recalls, which, according to recent reports, stem from faulty shrapnel-shooting airbag inflators installed in millions of vehicles in the United States, linked to injuries and fatalities. Acura: 2002- 2003 CL and TL; 2003- 2006 MDX; 2005 RL...
Source: Business Wire
Midday Glance: Autos companies

Ford Motor Co. fell$. 62 or 4.3 percent, to $13.78. General Motors Co. fell$. 72 or 2.3 percent, to $30.21. Honda Motor Co. fell$. 59 or 1.9 percent, to $31.03.
Source: The Associated Press