Posts Tagged ‘automakers’

Ford expecting big jump in sales

by Published: April 14,2010

Tags: automakers, automobile industry, sales

DETROIT — Ford Motor Co.’s revenues rose in the first quarter thanks to strong U.S. demand for cars and trucks, Ford’s Americas president Mark Fields said Tuesday. Fields didn’t provide numbers, which are expected to be released later this month. But it was more good news for the automaker, which is expected to report its […] [...]

Consumer Reports says don’t buy Lexus SUV

by Published: April 13,2010

Tags: automakers, media, product safety

NEW YORK — Consumer Reports has given the Lexus GX460 a rare “Don’t Buy” warning, saying a problem that occurred during routine handling tests could lead the SUV to roll over in real-world driving. In the latest blow to Toyota’s reputation, the magazine said that during a test of the vehicle’s performance during unusual turns, […] [...]

Toyota executive tells company ‘come clean’

WASHINGTON — In the days leading up to its massive recall in January, Toyota executives debated when they should inform the public about safety problems with accelerator pedals, prompting one executive to urge the company to “come clean,” according to documents obtained by The Associated Press. Irv Miller, Toyota’s then-group vice president for environment and […] [...]

UAW suing GM over retirement benefits

by Published: April 7,2010

Tags: automakers, employee benefits, labor unions

DETROIT — The United Auto Workers union has sued General Motors Corp., saying the automaker owes it $450 million for retiree health care. In the lawsuit filed yesterday in federal court in Detroit, the UAW said that in 2007, GM agreed to pay $450 million to settle a UAW claim against auto supplier Delphi Corp. […] [...]

Toyota assessed record fine, issues more recalls

WASHINGTON — U.S. Transportation Secretary Ray LaHood yesterday announced that the National Highway Traffic Safety Administration (NHTSA) is seeking the maximum civil penalty of $16.375 million against Toyota Motor Corporation for failing to notify the auto safety agency of the dangerous “sticky pedal” defect for at least four months, despite knowing of the potential risk […] [...]

Nissan to build Quest minivan — somewhere

by Published: April 1,2010

Tags: automakers, automobile industry

CANTON — Nissan will produce a 2011 edition of the Quest minivan, but not in Canton. The automaker halted production of the vehicle for 2010 to make way for a line of commercial vans, which will begin production at the Madison County plant later this year. Nissan released a front-end photo of the 2011 model […] [...]

Chinese automaker to throw money at Volvo

by Published: March 31,2010

Tags: automakers, automobile industry

BEIJING — Chinese automaker Zhejiang Geely Holding Group expects to spend hundreds of millions of dollars beyond the $1.8-billion purchase price for Volvo Cars to make the Swedish car company profitable, Geely’s chairman said today. Geely is projecting a total tab of $2.7 billion for its takeover of Volvo, with money beyond the purchase price […] [...]

USDOT calls in help to study sudden acceleration

U.S. Transportation Secretary Ray LaHood has announced two major investigations designed to answer questions surrounding the issue of unintended vehicle acceleration. The National Academy of Sciences will examine the broad subject of unintended acceleration and electronic vehicle controls across the entire automotive industry. Separately, the National Highway Traffic Safety Administration (NHTSA) has enlisted NASA engineers […] [...]

Nissan puts price tag on electric car

by Published: March 30,2010

Tags: automakers, automobile industry, electric car, Nissan

YOKOHAMA, Japan — Nissan Motor Co. said its new electric car, the LEAF, will be sold for 3.76 million yen ($40,000) in Japan, less expensive than other zero-emission vehicles but still out of reach for many drivers who may also balk at its limited range. The U.S. sale price for the LEAF was to be […] [...]

Toyota promises quicker response to complaints

TOYOTA, Japan — Toyota promised to respond faster to customer complaints as it held its first meeting of a quality experts committee set up to help salvage a reputation battered by massive recalls and reports of runaway vehicles. Toyota Motor Corp. appointed chief quality officers in key regions — including North America — where the […] [...]

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