The Traderszone Network

Published in TZ Latest News 5 March, 2015 by The TZ Newswire Staff

NHTSA could tap unexercised authority to speed Takata recalls

U.S. auto safety regulators are considering unprecedented steps to speed up the replacement of potentially deadly Takata Corp (7312.T) air bags in millions of cars that remain on American roads despite massive recalls initiated by automakers. In a letter dated March 3, National Highway Traffic Safety Administration chief Mark Rosekind told Senator Bill Nelson that regulators had the authority to increase supply of replacement parts by requiring more manufacturers to produce them.

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