Tag: TREAD Act

By on December 10, 2015

FCA_Location_1_Torino_Lingotto_high

Federal regulators Thursday fined Fiat Chrysler Automobiles $70 million for under-reporting death and injury claims from vehicles as far back as 2003, officials announced in a statement. The fine is related to a September announcement from the automaker to the Transportation Department that the automaker had violated terms of the Transportation Recall Enhancement, Accountability and Documentation (TREAD) Act.

The automaker issued a statement saying it would accept the penalty and agree to a consent order that would require FCA to submit crash data from the cars.

“FCA US LLC accepts these penalties and is revising its processes to ensure regulatory compliance. However, FCA US is confident that it identified and addressed all issues that arose during the relevant time period, using alternate data sources,” the company said in a statement.

(Read More…)

By on October 12, 2015

2013-volkswagen-lineup

A study commissioned by Bloomberg, conducted by Stout Risius Ross, revealed that Volkswagen’s rate of injury or fatal crashes reported by the automaker was significantly lower than 11 other automakers and nine times less than the industry average.

“The data demonstrates that even on a fleet-adjusted basis, the number of reported incidents by Volkswagen is significantly below what one would expect based on those reported by other automakers,” Neil Steinkamp, a Stout Risius managing director, told Bloomberg. “They are also significantly below the reporting of automakers that have already been cited for non-compliance.”

The report calls into question whether Volkswagen has been accurately reporting crashes, as required by law. Volkswagen didn’t comment on the report. (Read More…)

By on November 25, 2014

honda-ridgeline-2006-001

Due to its narrow interpretation of the TREAD Act, Honda admitted to underreporting the number of claims linked to injuries and/or deaths caused by safety issues in its products since 2003.

(Read More…)

By on November 4, 2014

2013 Honda Civic sedan

Takata is no longer alone in facing an intense federal investigation over in its airbag recall action: Honda, too, has been ordered to answer under oath for its role in the recall.

(Read More…)

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