US rejects Ford petition to delay recall of 3m vehicles

The vehicles in question include the 2007-11 Ford Ranger and other models. (Reuters)
Updated 19 November 2017
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US rejects Ford petition to delay recall of 3m vehicles

WASHINGTON: The US National Highway Traffic Safety Administration said on Friday it was rejecting a petition by Ford Motor Co. to delay recalling about 3 million vehicles with potentially defective air bag inflators to conduct additional testing.
The agency said it did not find the request by the second largest US automaker “reasonable under the circumstances or supported by the testing and data it has collected to date.”
Takata inflators can explode with excessive force, unleashing metal shrapnel inside cars and trucks. At least 18 deaths and 180 injuries worldwide have been tied to the defect that led Takata Corp. to file for bankruptcy protection in June and prompted at least 19 automakers to issue recalls.
NHTSA also rejected a similar petition filed by Mazda Motor Co. covering about 6,000 vehicles. Mazda said in a statement it “takes our customers’ safety as a single-minded top priority and continues to work hand-in-hand with NHTSA.”
The public can comment on NHTSA’s decision until Dec. 18 on both Ford and Mazda’s petitions. Mazda said it would “provide further information once NHTSA issues its final determination.”
Ford did not immediately say if it planned to challenge the agency’s decision. “We will cooperate with the agency, as we always do,” spokeswoman Elizabeth Weigandt said in an email. The vehicles in question include the 2007-11 Ford Ranger, 2006-12 Fusion and Lincoln MKZ, 2006-11 Mercury Milan, and 2007-10 Ford Edge and Lincoln MKX.
In July, NHTSA said new testing prompted Takata to declare inflators defective in Ford, Nissan Motor Co. and Mazda vehicles in some driver-side air bags. Nissan agreed to a recall of 515,000 vehicles.
NHTSA agreed in 2016 to a request by General Motors Co. to delay a recall of 2.5 million vehicles with Takata air bag inflators as the Detroit automaker conducts additional testing to determine if the vehicles need replacement inflators.
Separately, a report issued on Friday by an independent monitor of the Takata recalls said more than 10 million US vehicles and 18.5 million faulty Takata air bag inflators remain unrepaired in the largest ever auto recall.
Takata has said it expects to have recalled 125 million vehicles worldwide by 2019.
The report said 43.1 million Takata airbag inflators were under recall in 31.5 million vehicles today, with scheduled expansion to about 65 million inflators by the end of 2018. Of those, 24.6 million inflators in 20 million vehicles have been repaired.
In 2019, another 4.1 million vehicles will be recalled to replace interim inflators.
— REUTERS


Deutsche Bank appoints Riyadh GM

Updated 18 September 2018
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Deutsche Bank appoints Riyadh GM

  • German banking titan expects more deal flow from Kingdom
  • Deutsche Bank established base in Saudi Arabia in 2006

LONDON: Deutsche Bank has appointed Mohammed Alajmi as general manager of Deutsche Bank Riyadh Branch in Saudi Arabia.
He will have oversight of the bank’s business regulated by the Saudi Arabian Monetary Authority (SAMA), Deutsche Bank said in a statement.
The German banking giant originally established its Riyadh branch in 2006.
Alajmi joined Deutsche Bank in 2012 after more than a decade of working at local financial institutions in the Kingdom.
He was appointed chief operating officer in June 2015 overseeing the bank’s activities across all businesses and infrastructure functions.
The group expects to boost regional hiring this year, driven by expected corporate bond sales and initial public offerings, Bloomberg reported in February.