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The U.S. Senate Commerce, Science and Transportation Committee unveiled a plan that may roll back protections consumers get when renting cars with potentially lethal safety defects.

NHTSA is considering punishments against Fiat Chrysler that could include fines or forcing the automaker to buy back defective vehicles. Criminal charges could also be sought.

Takata President Shigehisa Takada made his first public apology for the eight deaths and hundreds of injuries related to the companys air bags.

PartnerRe Ltd. will ask its shareholders to vote on a planned merger with Axis Capital Holdings Ltd. after Exor SpA refused to raise a $6.8 billion hostile bid for the reinsurer.

PartnerRe said it would engage in discussions with hostile bidder Exor to seek a better offer than the $6.8 billion proposal that the target company called unacceptable.

Air-bag maker Takata Corp. gave in to U.S. regulators on Tuesday, agreeing to what will be the largest automotive recall in history as investigators continue to search for the root cause of a defect that has killed at least six people.

An investigation into how Fiat Chryslers U.S. unit has been handling the recall of millions of vehicles intensified Monday as federal officials requested more documents from the automaker and scheduled a rare public hearing.

Exor upped the ante in the takeover battle for PartnerRe, raising its bid by 5.8% in a final push to beat out rival Axis for control of the reinsurer.