Archive for the ‘Uncategorized’ Category
Toyota waited months to issue ’05 steering recall, AP reports
Monday, May 10th, 2010
Toyota waited nearly a year in 2005 to recall trucks and SUVs in the United States with defective steering rods, despite issuing a similar recall in Japan and receiving dozens of reports from American motorists about rods that snapped without...
EV maker Think gets cash boost from investors
Monday, May 10th, 2010
Norwegian electric carmaker Think has received a $40 million cash injection from existing investors to support its product development, drivetrain projects and planned expansion into North America.
Political showdown brewing over dealer financing regulation
Monday, May 10th, 2010
Both the National Automobile Dealers Association and its Obama administration opponents have stepped up their lobbying of senators in anticipation of this week's vote on whether to exempt dealers from oversight by a proposed consumer financial...
Cadillac begins and#8216;Mark of Leadership’ TV campaign
Monday, May 10th, 2010
Cadillac's new TV commercials launch today, using a and#8220;Mark of Leadershipand#8221; tagline and letting music and text do the talking about the brands' features.
Ex-auto czar Rattner says Chrysler, GM exceed expectations
Monday, May 10th, 2010
Former U.S. auto task force head Steven Rattner said today that General Motors Co. and Chrysler Group LLC have performed better than he expected they would a year ago.
Chryslerand#8217;s Fiat-based compacts may arrive before 2012, Marchionne says
Monday, May 10th, 2010
Chrysler Group could bring several Fiat-based compact vehicles to the United States sooner than expected, CEO Sergio Marchionne said on a conference call today.
Marchionne: Chrysler to consider IPO; outlook good for 2010 profit
Monday, May 10th, 2010
Chrysler Group's board will consider an initial public stock offering after reporting an operating profit of $143 million for the first quarter, CEO Sergio Marchionne told analysts and journalists today.
GM’s promise of autonomy lures Ewanick away from Nissan
Monday, May 10th, 2010
General Motors Co. wanted Joel Ewanick so badly that it twice made a run at him -- and only won out after giving in to his biggest demand: autonomy.
Toyota’s credibility gap sunk in after visit to U.S.
Monday, May 10th, 2010
Toyota Motor Corp.'s top executive didn't grasp how the carmaker's record recalls hurt its reputation in the United States until after he traveled there in February, Transportation Secretary Ray LaHood said.
LaHood says ‘time will tell’ if Toyota has changed
Monday, May 10th, 2010
Transportation Secretary Ray LaHood said he was encouraged by the steps Toyota has put in place to improve vehicle safety, but stressed he will be convinced only when its cars actually become safer.