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Inside this issue
Video: Long Delays Seen in Replacing of Takata Airbags
House Panel Sets Hearing on Takata Recalls
Toyota Remains Most Valuable Car Brand Despite Airbag Recalls
GM President Rebuffs Marchionne's Merger Talk
Former Auto Dealership CEO Known for Philanthropy
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Top Stories
Video: Long Delays Seen in Replacing of Takata Airbags

Some drivers with defective airbags made by Takata are being told it'll take months until their vehicle's airbag can be replaced. The delay follows a recall that's affected nearly 34 million vehicles and has stressed the manufacturer's ability to provide replacements in time. Dealerships across the country are being swamped with calls from concerned drivers. "We have ordered over probably 2,000 or 3,000 airbags at this point that are still on back order," said Ashlee Speight with Honda of Oakland, Calif. "We could have a whole department devoted just to the airbag recall at this point."
Source: CBS News

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House Panel Sets Hearing on Takata Recalls

A U.S. House of Representatives panel has called a June 2 hearing to probe the Takata Corp. airbag recalls that last week mushroomed to cover 34 million vehicles. The House Energy and Commerce Committee’s subcommittee on Commerce, Manufacturing and Trade will probe the run-up to last week’s expansion and the National Highway Traffic Safety Administration’s response to the defect, according to a statement from the committee.
Source: Automotive News

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Toyota Remains Most Valuable Car Brand Despite Airbag Recalls

Toyota Motor kept its title as the most valuable car brand in 2015 despite recent airbag recalls denting its worth, according to a study. BMW remained No. 2, according to the BrandZ Top 100 Most Valuable Global Brands study released today by market researcher Millward Brown. Mercedes-Benz was third. Toyota’s brand value fell 2 percent to $28.9 billion, according to the study.
Source: Automotive News

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GM President Rebuffs Marchionne's Merger Talk

General Motors sees no need to merge with another automaker to maintain profitability, the company’s president, Dan Ammann, said on Tuesday. Ammann was commenting after the New York Times reported on Saturday that Fiat Chrysler Automobiles CEO Sergio Marchionne had sent an email to General Motors CEO Mary Barra in March suggesting combining the automakers. According to the New York Times, Marchionne’s email to Barra detailed how global carmakers needed to consolidate to save money and suggested a merged GM and FCA would cut billions of dollars in costs and create an automotive giant. Asked about the report, Ammann said GM sells about 10 million vehicles a year so it does not have a scale problem.
Source: Automotive News

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Former Auto Dealership CEO Known for Philanthropy

Tarik Daoud, who emigrated from Iraq as a young man and built a business empire that included two southeast Michigan car dealerships, died Sunday, May 24, 2015, at his home in Southfield, Mich. He was 78. For almost 40 years, Mr. Daoud was the CEO of the former Al Long Ford in Warren, and at one time also owned the former Shamrock Ford-Lincoln-Mercury in Lenawee County. He founded the American Arab Chamber of Commerce and was known as a community leader and philanthropist. “Tarik was one the kindest individuals that you could ever meet. He was always smiling,” said Robert P. Mallon, past president of the National Automobile Dealers Association. Mallon met Mr. Daoud 20 years ago when the Iraqi native was inducted into the Automotive Hall of Fame. “His philanthropic efforts were well-known throughout the state of Michigan,” Mallon said.
Source: The Detroit News

Editor's note: Daoud served on the National Automobile Dealers Charitable Foundation’s board of trustees from 1998 to 2014.

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Quotable

"When you look at the trust the Toyota brand generates from car owners, there is little dent from the airbag issues. The customer experience, the good value, and the quality that customers trust see the brand through."

   --- Peter Walshe, Global BrandZ director at Millward Brown, commenting on the automaker keeping its title as the most valuable car brand despite recent airbag recalls, Automotive News, May 27

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