Tag Archives: Recall

Navigating Recalls: Financial Implications For Motor Vehicle Components

Webinar: May 21 @ 3:00 pm – 4:00 pm

Register Here Open To All!

Motor vehicles represent some of the most sophisticated and advanced products manufactured today. However, with this complexity comes the heightened risk of product recalls, which can impose severe financial burdens on automotive component manufacturers and the supply chain.

Join industry peers – Component Suppliers, Aftermarket, OEMs, Distributors and Retailers for this comprehensive webinar designed to equip you with the knowledge and tools necessary to navigate the complex world of recall management as we delve into key topics such as:

– Recall Data & Insurability: Analyze recent recall data and trends and their insurability impact on component manufacturers.
– Prevention & Preparation: Explore strategies to prevent product recalls and discuss comprehensive preparation plans.
– Risk Engineering: Detailed insights for stakeholders on recall insurance coverage and risk mitigation.
– Response to Claims: Learn effective claim management to effectively minimize impact.
– Financial & Reputational Damage: Discuss solutions to lessen financial and reputational harm, ensuring brand recovery.

Christof Bentele, President – NEXUS SPECIALTY CASUALTY
Geoffrey Mills, Managing Director – MARSH MCLENNAN
Ray Roth, Director – STOUT

Register Here

GM seeks to dismiss claims for recalled vehicles’ lost value

General Motors on Friday asked a court to bar claims on behalf of millions of customers who say their vehicles lost value because of brand damage due to dozens of recalls.

Source:  http://www.autonews.com/article/20160617/OEM11/160619883/gm-seeks-to-dismiss-claims-for-recalled-vehicles-lost-value?cciid=email-autonews-daily

Ford Recalls 389,000 Vehicles for Safety Issues Related to Doors that Fly Open

Ford recalls almost 400,000 late model Fiestas, Fusions and Lincoln MKZ sedans over faulty latches that can allow the doors to fly open while the car is being driven.  Ford says the problem was limited to certain models built at its plant in Mexico.

Full Article:  http://www.usatoday.com/story/money/cars/2015/04/25/ford-recall-door-latches/26361495/