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CARFAX: 225,000 More Vehicles Receive "Do Not Drive" Warning for Takata Airbags
Prnewswire· 2026-02-12 00:37
Core Insights - Fiat Chrysler Automobiles (FCA) has issued a "Do Not Drive" warning for approximately 225,000 vehicles in the U.S. due to unrepaired Takata airbags, highlighting a significant safety concern for vehicle owners [1] - Over 5 million vehicles nationwide still have defective Takata airbags, indicating a persistent issue more than a decade after the initial recall was launched by NHTSA [1] - The "Do Not Drive" order is issued when a defect poses an immediate risk of serious injury or death, with at least 28 deaths and hundreds of injuries linked to Takata airbags in the U.S. [1] Vehicle Safety and Recall Data - Prior to FCA's recent action, over 630,000 vehicles were already under a "Do Not Drive" order, not all of which were related to Takata airbags [1] - Long-term exposure to heat and humidity can cause Takata airbag inflators to rupture, posing a critical safety risk [1] - CARFAX has partnered with NHTSA and the Alliance for Automotive Innovation to raise awareness and reduce the number of unrepaired recalls nationwide [1] Recall Awareness Initiatives - CARFAX has developed a free Vehicle Recall Search Service to help qualified entities check for unrepaired recalls, with participating states including California, Texas, New York, Ohio, Arizona, Connecticut, Maryland, Washington, and Puerto Rico [1] - Vehicle owners are encouraged to check their recall status through CARFAX or NHTSA websites and to schedule free repairs with local dealerships [1] - The CARFAX Car Care app provides timely notifications about critical recalls and maintenance alerts to vehicle owners [1]
CARFAX: Odometer Rollbacks See Dramatic Jump of 14% to 2.45 Million Vehicles
Prnewswire· 2025-12-16 18:58
Core Insights - Odometer rollbacks are increasingly common due to the transition from mechanical to digital odometers, making it easier for individuals to alter mileage readings [1] - Vehicles with odometer rollbacks have an average value loss of approximately $3,300, leading to potential financial burdens for unsuspecting buyers [1] Industry Data - The states with the highest increase in vehicles suspected of odometer rollbacks include Montana (33%), Tennessee (30%), Arkansas (28%), Oklahoma (25%), Kansas (24%), New Jersey (21%), and Florida (20%) [2] Consumer Protection Measures - To protect against odometer fraud, consumers are advised to pull CARFAX reports, check for discrepancies in vehicle history, inspect wear and tear on pedals, and have a trusted mechanic evaluate the vehicle before purchase [6]
Comstock Announces Booz Allen in Landmark Reston Station Lease
Businesswire· 2025-11-17 12:35
Core Insights - Comstock Holding Companies, Inc. has signed multiple leases with Booz Allen Hamilton for its global headquarters at Reston Station, covering over 310,000 square feet [1][4][5] - The new headquarters will be located in two LEED Silver Trophy office towers, enhancing the appeal of Reston Station as a prime location for leading employers [3][5] - Reston Station is a significant mixed-use, transit-oriented development in the Mid-Atlantic region, featuring various amenities and housing options for over 2,000 residents [5][7] Company Overview - Comstock is a prominent asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, with a managed portfolio of approximately 10 million square feet at full build-out [7] - The company focuses on urban transformation in key Metro station areas, contributing to the development of large-scale public-private partnerships [7] Development Details - The two office towers at Reston Station are part of a larger development plan, which includes five phases, and are designed by HKS Architects with interior spaces by Michael Graves Architecture [3][5] - The development features a modern, walkable neighborhood with various services, including cafés, restaurants, and fitness facilities, enhancing the work-life balance for Booz Allen's workforce [4][5]
JW Marriott Debuts in Northern Virginia, Redefining Hospitality with the Grand Unveiling of JW Marriott Reston Station
Prnewswire· 2025-09-16 14:00
Core Insights - JW Marriott has opened its first property in Virginia, the JW Marriott Reston Station, featuring 247 luxury rooms in a prime location within the largest mixed-use, transit-oriented community in the Washington, D.C. area [2][4]. Company Overview - JW Marriott is part of Marriott Bonvoy's extensive portfolio, which includes over 30 hotel brands, and aims to provide a mindful luxury experience [2][8]. - Comstock Holding Companies, Inc. is the developer behind the JW Marriott Reston Station, emphasizing a vision for a world-class, transit-oriented destination [4][11]. Hotel Features - The hotel includes stylish guest rooms with floor-to-ceiling windows, a state-of-the-art fitness center, and 14 Mindful Rooms designed for wellness-focused travelers [5][6]. - Dining options consist of three distinct venues: The Simon, Schar Bar, and JW Market, offering a variety of culinary experiences [6][7]. - The property boasts the largest luxury meeting space in Northern Virginia, with over 40,000 square feet available for events [7]. Design and Art - The hotel was designed by internationally recognized architects, integrating public art, including a sculpture by Lorenzo Quinn, to enhance the guest experience and community engagement [4][10]. Location and Community Impact - Reston Station is a significant mixed-use development covering 90 acres, featuring various amenities, including residential towers and retail spaces, aimed at creating a vibrant community [10][11].
S&P Global Announces Key Leadership Appointments for Mobility Business
Prnewswire· 2025-09-03 20:10
Core Insights - S&P Global has announced key leadership appointments in its Mobility division, with Scott Fredericks becoming President of CARFAX and Joe Lafeir appointed as President of Mobility Business Solutions [1][2] - The Mobility division is preparing for a planned separation from S&P Global into a standalone public company, expected to be completed within 12 to 18 months, pending regulatory approvals [3] Leadership Appointments - Scott Fredericks, previously COO of CARFAX, has nearly three decades of experience in the automotive information industry and has been instrumental in developing CARFAX as a trusted consumer brand [5][6] - Joe Lafeir, with over 20 years of leadership experience, will lead the new B2B business line within Mobility, which includes Automotive Insights and automotiveMastermind [7][10] Future Plans - Additional leadership appointments will be announced as the company continues to shape the executive team for the next phase of growth in the Mobility division [4]
CARFAX: Urgent 'Do Not Drive' Recalls Spike 65% Since Summer 2024
Prnewswire· 2025-09-03 13:27
Core Insights - The number of critical "Do Not Drive" recalls has increased by over 65% since summer 2024, reaching 725,000 vehicles nationwide [1][2] - "Do Not Drive" recalls are issued when a vehicle defect poses severe risks, including potential crashes or fires, necessitating immediate parking and towing for repairs [2] - The total number of vehicles with at least one recall has decreased by approximately four million, now totaling 54.6 million vehicles with unrepaired recalls, indicating effective awareness efforts [3] Industry Efforts - CARFAX, in collaboration with the National Highway Traffic Safety Administration (NHTSA), has implemented programs to enhance awareness of open recalls and facilitate repairs [3][4] - The Vehicle Recall Search Service, launched in 2018, has identified millions of vehicles needing attention, contributing to road safety [4] - Eight state DMVs utilize the Vehicle Recall Search Service, which is provided free of charge to states and qualified users [4] Consumer Tools - Consumers can check for open recalls for free on CARFAX's website, and the CARFAX Car Care app offers maintenance reminders to ensure vehicle safety [5]
Bill Eager Appointed President of S&P Global Mobility and CEO Designate of Planned Standalone Public Company
Prnewswire· 2025-07-31 11:17
Core Insights - S&P Global has appointed Bill Eager as President of S&P Global Mobility, effective August 15, 2025, and he will become CEO upon the completion of the planned separation of Mobility into a standalone public company [1][3][4] - Bill Eager has over 20 years of leadership experience at CARFAX, where he served as CEO since 2021, achieving double-digit annual revenue growth and expanding the audience to over 50 million consumers [2][4] - The transition follows Edouard Tavernier's leadership of Mobility for 12 years, who will remain as a strategic advisor until September 30, 2025 [1][3] Company Leadership - Bill Eager's leadership at CARFAX included the successful launch of products like the CARFAX Advantage subscription model and the adoption of AI and ML technologies [2][5] - Martina L. Cheung, President and CEO of S&P Global, expressed confidence in Eager's ability to lead Mobility into its next chapter, emphasizing the potential for growth and innovation [3][4] - Edouard Tavernier acknowledged the strong foundation built during his tenure and expressed confidence in Eager's strategic vision for Mobility [3][4] Future Plans - S&P Global anticipates completing the separation of Mobility within 12 to 18 months, subject to legal and regulatory approvals [3][4] - The separation aims to position both S&P Global and Mobility for long-term growth and value creation [3][4]
CARFAX: Fridays Pose Highest Risk for Car Accidents on U.S. Roads
Prnewswire· 2025-07-23 12:02
Group 1 - CARFAX provides comprehensive vehicle history reports that help consumers assess the impact of accidents on a vehicle's condition and value, enabling better-informed purchasing decisions [1] - The company has the largest vehicle history database and has been a leader in vehicle history information since 1984, offering various services such as CARFAX Car Listings and CARFAX History-Based Value [3] - CARFAX is part of S&P Global Mobility, which is recognized as a top workplace and is a leading provider of credit ratings and analytics in the automotive market [4] Group 2 - CARFAX emphasizes the importance of reviewing vehicle history reports to understand the severity of damage from accidents, which can influence both buyers and sellers [1] - The company offers innovative solutions powered by its vehicle history information, assisting millions of people daily in the used car market [3] - S&P Global, the parent company of CARFAX, is a prominent player in the global capital and commodity markets, enhancing CARFAX's credibility and reach [4]
CARFAX Lifetime New Car Ads Approved for GM iMR Turnkey Program
Prnewswire· 2025-07-10 15:30
Core Insights - CARFAX has expanded its partnership with General Motors, allowing CARFAX Lifetime dealers to access new car advertising placements on CARFAX Reports, CARFAX Car Listings, and CARFAX Car Care as part of GM's In-Market Retail (iMR) Turnkey Program [1][2] Group 1: Partnership and Program Details - The collaboration enables GM dealers with CARFAX Lifetime status to benefit from enhanced advertising support funded by the iMR Turnkey Program [1] - Eligible GM dealers, including those selling Chevrolet, Buick, GMC, and Cadillac models, can enroll in the GM iMR Turnkey program, with reimbursements starting as early as July 2025 [2] - The program is designed to streamline the advertising process for dealers, eliminating additional paperwork and delays [3] Group 2: Benefits for Dealers - The initiative is expected to boost revenue and visibility for participating dealers, reinforcing customer trust and loyalty [2] - CARFAX, as the leading automotive website in the U.S., provides GM dealers with a competitive advantage by connecting them with millions of in-market shoppers daily [3] - The program allows dealers to maximize their advertising spend, focusing more on customer engagement and service [3] Group 3: Company Background - CARFAX, part of S&P Global Mobility, has been a leader in vehicle history information since 1984, offering various services to consumers and the automotive industry [4] - The company operates the world's largest vehicle history database and is recognized as a top workplace by The Washington Post [4][5]
CARFAX Recognized as Top Place to Work Nationally and Regionally
Prnewswire· 2025-06-30 20:24
Core Insights - CARFAX has been recognized as a Top Workplace by USA Today for the fourth consecutive year, and has also received accolades from the Washington Post and the St. Louis Post-Dispatch [2][3] - The awards are based on anonymous employee surveys conducted by an independent third party, evaluating workplace experiences, policies, and practices [2] - CARFAX has also received five additional distinctions in the Top Workplaces program, including awards for Leadership, Compensation & Benefits, Work-Life Flexibility, Innovation, and Purpose & Values [3] Company Culture - The CEO of CARFAX emphasizes the importance of empowering, supporting, and inspiring employees, highlighting the excellence of the company's culture [3] - Employees appreciate the benefits of working at CARFAX, including a strong work ethic and a healthy work-life balance, with perks such as Summer Fridays [4] - The company is moving to new state-of-the-art offices at Reston Station, which is designed to foster collaboration, innovation, and continued growth [4] Company Overview - CARFAX, part of S&P Global Mobility, has been a leader in providing vehicle history information since 1984, helping millions of people shop, buy, service, and sell used cars with confidence [6] - The company owns the world's largest vehicle history database and is recognized nationally as a top workplace [6][7]