fca is an active participant in the independent testing coalition. a group consisting of all 11 effected manufacturers formed in december of 2014. again, trying to independently determine the root cause of inflater rupp turs. in addition, fca continues to return recalled inflaters to takata for their research and understanding. fca's mission to identify and implement solutions that will improve the safety of our customers has not been delayed. today i'm pleased to share with the committee that as of june 8, 2015, fca is replacing all driver side inflaters involved in the recall with an ail tentative and permanent design provided through trw. customers who receive the trw inflater replacement will require no further action on their vehicles. the takata inflaters no longer needed are being quarantined and returned from our dealers to takata. all approximately 50,000 customers who previously received a that cat ka inflater will be notified to return for the trw update as well. in addition to these driver side efforts, fca has been working with takata to

fca looks forward to this collective engagement with takata and nhtsa. fca has remained actively engaged since i spoke with this committee last november. much has transpired edd since that time. through multiple campaign recall expansions, fca is now in the process of recalling 4.8 million inflators in approximately 4.5 million vehicles across the united states. we are also aggressively taking actions on multiple fronts to assist in determining the root cause of ruptures which remains unknown at this time. trying to independently determine the root cause of inflator ruptures. fca continues to return recalled inflators to takata to further their research and understanding. despite a root cause determination, fca's mission to implement solutions that will improve the safety of our customers has not been delayed. i'm pleased to share as of june 8th 2015, fca is replacing all driver's side inflators involved with an alternative and permanent design provided through trw. customers will require no further action on their vehicles. the takata inflators no longe

can just the buzz the talk of a possible merger give the stock a li >> well, without gm tying up with fca i don't think they need to do at all. i think they need gm far more than the other way around. gm has a great turnaround plan in place. they have the size and they just never had the economies of scale as they should but they're moving toward that and the target of gm north america outmargins next year and i think that's conservative. >> we've seen the work that activist investors can do when they work with the company and there's talk that activists and investors may be working with fiat chrysler to push this forward. do you hear any talk about that and what impact can that have on >> obviously, at this point "the wall street journal" story about how sergio mark on and so far no one has taken him up on his offer and the former task force member and that resulted in a crystal clear asset allocation that i like a lot and also entails buying back at least $5 billion of gm stock before the end of this year. so i think gm is doing plenty to return cash to shareholders and drive shareholde

the fca has not found lloyds acted deliberately it said.y cooperated with the fca adjusting up payment -- adjusting payments to the executive committee and operations will ultimately be responsible for the oversight. unvested bonuses totaling 2.5 6 million pounds will be forfeited and lloyds will reduce the 2015 bonus pool by 30 million pounds. that is the breaking news on lloyds bank. ok let's -- take a quick break. of course, it is the elections this weekend in turkey. mr. erred when takes his party to the polls. we will be joined, the deputy leader of the opposition party. that is coming up next. the deputy leader for the chp party, joining me next. ♪ manus: sunday, the people of turkey the world's most easterly member of nato, go to the polls. president erdogan is campaigning to reform the constitution, but more power in the office -- put more per power in the office of president. we are joined by the deputy chair in charge of economic policy of turkey's main opposition the people's party. thank you so much for joining us on bloomberg.

you're looking at the same thing, infinity sales are up fca, which is fiat they're up, they have newroduct, but they were down for so long because they didn't have new product. and people are saying you know what, i could use a truck, truck and suv sales are strong and they're going to be strong until gas prices change. >> pull the trigger, kelly, just browsing at the diner when you're going through auto trader. >> porsche has your name on that. >> my heart is a 1989 toyota land cruiser. i didn't find one in there, but i know the credit's available, thanks lauren appreciate it. >>> breaking news on the freida john harwood, what can you tell us? >> the u.s. senate just ended a two-day national security drama over the surveillance powers over the federal government by passing the usa freedom act. this passed the house previously with a large majority. it shifts the way in which data on americans phone records is preserved and the ability of the national curt officials to access that data. it had been stored as was revealed by edward snowden, by the national security agency all of the p