by Paul A. Eisenstein | Mar 18, 2010
Toyota’s nascent attempt to overcome image problems regarding the safety of its vehicles could be in for another setback, with the automaker telling U.S. regulators it is considering ways to prevent the unexpected stalling in the world’s most popular nameplate....
by Paul A. Eisenstein | Mar 17, 2010
This could be one of the best months for the U.S. auto industry since the start of the recession, industry analysts report, giving a chunk of the credit to demand driven by Toyota’s hefty new incentives. The Asian maker reports demand soared 40%, year-over-year,...
by Ken Zino | Mar 17, 2010
The Renault-Nissan Alliance and Italian utility company A2A today announced and agreement to bring electric cars to Lombardy. This formalizes a memorandum of understanding signed in 2009. The pilot project, called “E-Moving,” is said to be the first electric vehicle...
by Ken Zino | Mar 17, 2010
The new Chief Financial Officer of General Motors Company, Chris Liddell, says the maker has a “reasonable chance” of returning to profitability this year. If it happens – this would end an earnings drought that has totaled $88 billion in losses from...
by Paul A. Eisenstein | Mar 17, 2010
Adding to a growing number of “safety campaigns, in recent weeks, Honda now plans to recall 410,000 minivans and other vehicles to deal with a balky braking system. The move affects 344,000 of the maker’s Odyssey minivans and another 68,000 Element crossovers produced...
by Joseph Szczesny | Mar 17, 2010
General Motors Company should be profitable this year even though its European operations are a mess, said Chris Liddell, GM’s new chief financial officer. In Europe for 2009, General Motors suffered from its well-publicized bankruptcy, problems at Saab and...
by Ken Zino | Mar 17, 2010
The BMW Group posted positive earnings for the financial year 2009 in the face of the ongoing Global Great Recession. Profit before tax rose by 17.7% to €413 million compared with 2008 at €351 million. Net profits declined, though, to €210 million from €330 million a...
by Ken Zino | Mar 16, 2010
The United Auto Workers union says it has reached a tentative agreement with Toyota to shut down California’s only final assembly auto plant, New United Motor Manufacturing, Incorporated (NUMMI). About 4,600 workers will be affected when the plant shuts on April 1....
by Paul A. Eisenstein | Mar 16, 2010
In the comic books, cosmic rays are likely to turn your big, green and mean, or give you the ability to fly and turn invisible. But frustrated in their attempts to find a cause for still-unexplained problems with Toyota vehicles that allegedly race out of control,...
by Paul A. Eisenstein | Mar 16, 2010
Ask any California motorist and they’ll tell you about the folks in the Prius hybrids. For several years, the high-mileage vehicles qualified for special stickers that let them drive in the car pool lanes on local highways, even with just one person onboard. “And...
by Paul A. Eisenstein | Mar 16, 2010
Swedish automaker Saab is expected to abandon its current headquarters at General Motors’ Renaissance Center, in downtown Detroit. But barring a last-minute hitch, the company, now owned by the Dutch based supercar maker Spyker, will only head about 10 miles north, to...
by Paul A. Eisenstein | Mar 15, 2010
Toyota is casting further doubt on the claims of a Prius hybrid owner who last week claimed his vehicle suddenly accelerated to 94 mph on a California freeway, racing out of control until he was assisted by a highway patrol officer. The automaker said it was unable to...
