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Auto Industry Crisis
Auto Industry Crisis
Toyota Corollas Now Under Investigation The National Highway Traffic Safety Agency has received about 80 complaints from drivers of 2009 and 2010 Corollas. Many say their cars can wander when they drive on the highway, making it hard to stay in lanes.
Toyota Recalls 437,000 Prius and Other Hybrids Toyota says it is recalling about 437,000 Prius and other hybrid vehicles worldwide to fix brake problems the latest in a string of embarrassing safety problems at the world's largest automaker.
Toyota USA Head Says Consumer Trust Will Be Regained....Not Sure When Toyota Motor Sales, U.S.A. President Jim Lentz says regaining customer trust in his company's vehicles will take some time - but not a decade.
How Affordable Are New Cars? A top economist says buying a new car will not get more affordable during the next few years.
Toyota Underfire At Home Japanese media is sharply critical today of Toyota's president. They're saying he offered a delayed and unconvincing explanation for the massive car recall that has tarnished the world's biggest automaker.
Toyoda: I Apologize For Toyota's Problems Toyota president Akio Toyoda apologized for the automaker's global recalls and promised to beef up quality control by setting up a special committee he would head himself.
Ford Says It Will Fix Milan & Fusion Brake Problems Ford Motor Co. says it will fix 17,600 Mercury Milan and Ford Fusion gas-electric hybrids that can give drivers the impression the brakes have failed.
Prius Brakes Toyota's Latest Problem Toyota says there were design problems with the antilock brake system in the new Prius, which went on sale last year.
LaHood to Toyota Owners - Park It Transportation Secretary Ray LaHood is telling owners of recalled Toyotas to stop driving the vehicles and get them fixed. His advice to owners is to "stop driving it. Take it to a Toyota dealer because they believe they have a fix for it."
Feds Widen Toyota Gas Pedal Probe Federal safety officials have widened their investigation of Toyota's sticky gas pedals to see if the same problem could exist for other automakers.
January Auto Sales Will Be Better Than Last Year (Though That's Not Saying Much) January U.S. auto sales could be 7% to 10% higher than the same month a year ago. But January, 2009 was the worst sales month of the entire year.
Toyota Tells Dealers 'Gas Pedal Fix Is Coming' Toyota Motor Corp. is telling dealers that they should get parts to fix sticky gas pedals later this week. But the 4.2 million customers affected by a large recall may have to wait a while for repairs.
Mark Fields: The Ford Plan Is Working Mark Fields, Ford's President of the Americas, spoke at a West Michigan automotive manufacturing summit. Summit organizers say they wanted Ford as a presence here to show it's possible for an automaker to not just survive but thrive amid a gloomy economy and cutthroat competition.
Auto Analyst Warns New Bank Tax Could Hurt Auto Industry A leading auto industry analyst says a new tax on banks proposed by President Obama would be bad for the economy and the auto industry. He says right now, the economy needs to expand credit so businesses can hire and expand.
Toyota Fixes Gas Pedal Problem Toyota Motor Corp. says it will begin telling millions of customers how it will repair their sticky gas pedal systems next week, and repairs will be finished in less than a month.
Toyota May Have Solution To Gas Pedal Problem The company said in an e-mail to workers Thursday night that it presented a remedy to federal regulators. The e-mail obtained by The Associated Press says that plans are being developed on a variety of fronts. The company says it will update workers on Friday.
After the Collapse Auto industry leaders meet in Grand Rapids today to discuss what auto manufacturing will look like after the collapse of 2008-2009.
Against Odds, Ford Makes Money In 2009 Ford Motor Company made $2.7 billion in 2009, and officials expect another profit this year. Many other automakers in the U.S. lost money in 2009.
Ford Posts First Annual Profit in Four Years Ford Motor Co. says it made $2.7 billion in 2009, its first annual profit in four years. Ford says it benefited from cost-cutting, debt reduction and popular cars and trucks like the Ford Fusion sedan and Escape SUV.
Fixing Toyota's Gas Pedal Problem The company that makes the gas pedal systems implicated in Toyota's big recall of some popular brands says it is working with the automaker on a fix.
Toyota Hits The Brakes It's suspending sales of eight models and halting production at six plants. It's unclear when production will resume. Among the models affected are such popular ones as the Camry and Corolla.
GM Sells Saab General Motors Co. says it has reached an agreement to sell its struggling Saab Automobile arm to the small Dutch luxury carmaker Spyker Cars NV.
Ousted Former GM, Chrysler Dealers Demand Arbitration The American Arbitration Association, which is handling the appeals, says 1,550 dealers filed paperwork to contest the closures by the midnight Tuesday deadline. The group says that number could go higher.
GM Nears Deal to Sell Saab A person briefed on the matter says General Motors Co. is close to a deal to sell its Swedish Saab brand to Dutch luxury automaker Spyker Cars NV.
GM's 'Interim' CEO is now 'Permanent' Ed Whitacre Jr. has been GM's interim CEO since December first. Whitacre confirmed the change to remove the 'interim' from his title at a news conference this morning.
GM: Saab Sales Talks Continue A General Motors Co. spokesman says the automaker does not have a deal to sell its Swedish Saab brand, but it is still in talks with Dutch luxury car maker Spyker Cars NV over a possible sale.
1,200 And Counting: Axed Dealers Demand Arbitrations More dealers than anyone expected say they'll demand an arbitration to try to win their franchises back from GM and Chrysler.
Toyota's Big Recall Toyota says it's still working to develop a solution to a problem with accelerator pedals that has prompted a recall of 2.3 million vehicles in the U.S.
Good Start For Detroit's Auto Show Perhaps people are feeling more in the mood to consider a car purchase. Without a doubt, the weather was better for the first weekend of the North American International Auto Show in Detroit.
FIAT Auto Workers Call Strike The Italian metalworkers union boss Antonino Regazzi said Thursday that all 80,000 Fiat workers have been mobilized to shut down Italian plants for four hours on Feb. 3.


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