by Paul A. Eisenstein | Feb 19, 2010
Perhaps one of the most shocking facts about Toyota’s raging safety crisis is the way a problem with a seemingly minor part, such as an accelerator pedal, can create havoc across the maker’s entire line-up. Initially, the maker said 2.3 million vehicles would have to...
by Paul A. Eisenstein | Feb 19, 2010
As part of its bankruptcy, last year, Chrysler abandoned seven factories; but now the automaker wants one of those facilities back, and plans to buy back the assembly line, in Sterling Heights, Michigan. The move, if approved by a U.S. bankruptcy court judge, next...
by Paul A. Eisenstein | Feb 19, 2010
You’ll find John Krafcik out running, every morning, before he sits down with the reporters gathering in San Diego for this week’s launch of the all-new, 2011 Hyundai Sonata. “Stay humble, stay hungry,” is a favorite phrase for the lean and trim CEO of the Korean...
by Ken Zino | Feb 18, 2010
Akio Toyoda, the CEO of Toyota Motor Corporation has agreed to testify before the House Committee on Oversight & Government Reform only one day after refusing to do so. “I have received Congressman Towns’ invitation to testify before the House Committee on...
by Ken Zino | Feb 18, 2010
General Motors Company said today that it would invest more than $494 million and create about 550 jobs in three U.S. plants to produce the next generation fuel-efficient Ecotec engine. The project consists of the following: Tonawanda, NY – $425 million site...
by Ken Zino | Feb 18, 2010
Ford Motor Company vehicles accounted for four of the top five vehicles for customer brand loyalty, according to a recent industry analysis from Experian Automotive. The analysis of what’s said to be industry-wide automotive trends for the third quarter of 2009, also...
by Ken Zino | Feb 18, 2010
The likelihood of drivers stopping or leaving a “sorry” note on your windshield after they hit your car is not very good, according Allstate claims data just released. Fully 69% of the country’s hit-and-run collisions involve a parked vehicle in the nation’s 200...
by Joseph Szczesny | Feb 18, 2010
Daimler AG suffered $500 million loss in the fourth quarter as a drop in sales, special charges and tougher financing conditions hampered the company’s efforts at a turnaround. For the year, Daimler’s losses topped $3.6 billion. The bad news follows word that the...
by Ken Zino | Feb 18, 2010
Porsche Cars North America is adding two V6 models to its Panamera sedan line. The cars will debut globally at the Beijing Motor Show in April, and arrive at U.S. dealers this June. The so-called entry-level sedans, Panamera and Panamera 4, are priced at $74,400 and...
by Joseph Szczesny | Feb 18, 2010
Daimler AG’s supervisory board has extended the contract of Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars, for up to three years until December 31, 2013. The contract of Dr. Thomas Weber, Board of Management Member...
by Joseph Szczesny | Feb 18, 2010
With General Motors and Chrysler Group still recovering from bankruptcy, with so many mass dismissals at the highest levels, and with even the big-name foreign carmakers posting sales declines and plenty of red ink, the organizers of the annual “Executive of The Year”...
