Posts Tagged ‘automaker’

Toyota faces largest-ever fine

WASHINGTON — Toyota Motor Corp. is expected to agree to a fine of more than $16 million for failing to promptly report to the government problems with sticking gas pedals on its vehicles, a Transportation Department official said. Toyota faces a deadline today to accept or contest the $16.4 million fine, the largest ever assessed […] [...]

Nissan-Canton unveils $118M expansion

by Published: March 24,2010

Tags: automaker, autombile industry, expansion, Nissan

CANTON — Nissan officials say the company has completed a $118 million expansion and modification of its Mississippi plant and will begin production trials on its new commercial vans within weeks. The vans, introduced last month at the Work Truck Show in St. Louis, represent a new North American endeavor for the auto manufacturer. Nissan […] [...]

Couple opens class-action lawsuit against Toyota

SEATTLE — A Seattle couple has sued Toyota, seeking to have the company take back the vehicle they just bought or reimburse them for lost value. Dana and Douglas Eller filed the lawsuit Monday in federal court, seeking class action status on behalf of others who recently bought Toyotas. The lawsuit claims the Ellers bought […] [...]

Pay czar cutting GMAC executives’ compensation

by Published: March 16,2010

Tags: automaker, automobile industry, compensation, GMAC

WASHINGTON — The Obama administration’s pay czar is reducing 2010 compensation for top executives at GMAC Inc. because the auto finance giant continues to lose money and has no strategy for repaying its $16.3 billion taxpayer bailout, according to people familiar with the negotiations. The people say only one of the 25 highest earners at […] [...]

Toyota reports sales exceed expectations

TOKYO — A high-ranking Toyota executive says the automaker’s North American sales spiked around 50 percent the first eight days of March as incentives helped lure customers after a series of embarrassing safety recalls. Don Esmond, senior vice president of automotive operation for Toyota Motor Sales, says that the early numbers surpassed the company’s expectations. […] [...]

Toyoda promises to ‘restore trust’

by Published: March 8,2010

Tags: automaker, automobile industry, Toyota

TOKYO — Toyota Motor Corp. President Akio Toyoda met with Japan’s prime minister today and promised to restore trust in the automaker’s cars as it embarks on a broad campaign to repair its tarnished reputation. Toyoda pledged to improve quality controls is his meeting with Japanese premier Yukio Hatoyama and other government officials on the […] [...]

Toyota to recall 300,000 Prius hybrids

TOKYO — Toyota plans to recall about 300,000 Prius hybrids worldwide over a brake problem and will notify the U.S. and Japanese governments today, a news report said, as a top executive will testify before U.S. lawmakers over recall woes that have tarnished its reputation for quality and safety. The recall of the gas-electric Prius […] [...]

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