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Auto Industry Crisis
Auto Industry Crisis
Toyota Corollas Now Under Investigation
Washington, DC
(2010-02-09)
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
Tokyo
(2010-02-09)
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
Ann Arbor, MI
(2010-02-08)
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?
Toyota Underfire At Home
Tokyo
(2010-02-06)
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
Tokyo
(2010-02-05)
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
Prius Brakes Toyota's Latest Problem
Tokyo, Japan
(2010-02-04)
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
Feds Widen Toyota Gas Pedal Probe
Washington, DC
(2010-02-03)
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)
Toyota Tells Dealers 'Gas Pedal Fix Is Coming'
Washington, DC
(2010-02-01)
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
Grand Rapids, MI
(2010-01-29)
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
Toyota Fixes Gas Pedal Problem
Toyota May Have Solution To Gas Pedal Problem
After the Collapse
Against Odds, Ford Makes Money In 2009
Ford Posts First Annual Profit in Four Years
Dearborn, MI
(2010-01-28)
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
Washington, DC
(2010-01-28)
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
GM Sells Saab
Amsterdam, The Netherlands
(2010-01-26)
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
GM Nears Deal to Sell Saab
Detroit, MI
(2010-01-26)
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'
GM: Saab Sales Talks Continue
Detroit, MI
(2010-01-25)
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
Toyota's Big Recall
Good Start For Detroit's Auto Show
FIAT Auto Workers Call Strike
Milan, Italy
(2010-01-14)
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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