VIDEO ON LINK
Margaret Cronin Fisk
Automaker says outside auditor will gauge its compliance
Volkswagen AG failed to report at least one death and three injuries involving its vehicles to a U.S. regulator’s database designed to save lives by spotting possible defects.
Lawsuits concerning the accidents, filed over the last eight years, weren’t found in records kept by the U.S.National Highway Traffic Safety Administration in searches by Bloomberg and financial adviser Stout Risius Ross Inc. Automakers are required by law to report all claims of possible vehicle defects to the NHTSA database.
Volkswagen said Oct. 23 it will commission an outside audit of its compliance with U.S. safety-reporting laws. Honda Motor Co. and Fiat Chrysler Automobiles NV’s U.S. unit have said this year they underreported claims to the same database, and Honda was fined.