U.S. regulators open investigation on 2007-2009 Ford Fusion

U.S. safety regulators are investigating Ford Motor Co's (F.N) Fusion and Mercury Milan sedans from the 2007 to 2009 model years for brakes that may fail in certain conditions, the National Highway Traffic Safety Administration said on Tuesday.

There have been three reported crashes related to this issue read more »

Takata could pay up to $1 billion to settle U.S. criminal probe, report says

Japan's Takata Corp. is nearing a criminal settlement with the U.S. Department of Justice and is expected to pay up to $1 billion to resolve allegations of wrongdoing related to its faulty airbag inflators, The Wall Street Journal reported today.

The final figure could be in the high hundreds of millions of dollars, the Journal reported, citing people familiar with the matter. read more »