CTS Corp., the company that made the pedal modules for Toyota said that it has a fix and is setting up production at three factories to get the new parts to Toyota’s plants. CTS Corp. CEO Vinod Khilnani said that the company is also working with Toyota to fix the cars already on the road. [...]
Remember that video of the Mercedes-Benz SLS AMG doing a barrel roll inside a tunnel we showed you last week? If you go back and watch the video, there was some unknown chap driving the SLS AMG during the whole stunt. However, Mercedes-Benz now wants us to believe it was Michael Schumacher behind the wheel [...]
Things just don’t seem to be looking good for Toyota. After announcing that it will suspend the sales of eight models (that account for 60 percent of its sales) involved with pedal entrapment recall, Toyota said today that it will be adding another 1.1 million vehicles to the recall. Toyota expanded its Nov.25 recall of [...]
Currently, Honda is limited to leasing its FCX Clarity fuel cell sedans to drivers in the Los Angeles area because of the city’s hydrogen stations. Hoping to avoid that problem in the future, Honda yesterday began setting up operation of a next-generation solar hydrogen station concept intended for use as a home refueling station for [...]
Suzuki announced that its new 2010 Suzuki Kizashi, the company’s first entry into the all-wheel-drive sedan segment, earned the highest possible rating by the National Highway Traffic Safety Administration (NHTSA) New Car Assessment Program (NCAP) crash tests. The 2010 Kizashi was awarded a 5-star rating in both the frontal and side-impact crash tests for all seating [...]
Ford announced today that it earned a $2.7 billion profit for 2009, its first profit in four years that came in one of the worst years in the automotive industry. “While we still face significant business environment challenges ahead, 2009 was a pivotal year for Ford and the strongest proof yet that our One Ford [...]
At the 2010 Geneva Motor Show, Volkswagen will reveal a new performance division called R GmbH. The new division will feature expanded high-performance versions of Volkswagen’s current lineup. “BMW has its M, Mercedes has AMG, and our sibling Audi has Quattro,” a Volkswagen executive told Inside Line. “This new R division will be our Quattro.” [...]
If you’re a Maserati customer, you probably expect a Maserati as a courtesy vehicle while your luxury car is getting serviced – well, Fiat doesn’t think so. Alfa Romeo will provide Maserati with a total of 100 customized MiTos as the new courtesy car for the trident brand’s customers. The special-edition Alfa Romeo MiTo is [...]
A group of four American hedge fund managers are suing Porsche for more than $1 billion, accusing the company, its former CEO and former CFO of repeatedly lying about their intention to take over Volkswagen. The group claims they lost more than $1 billion because they were shorting Volkswagen stock (a process of selling borrowed [...]
Toyota announced earlier this week that it expects its global auto sales to increase 6 percent in 2010, hoping to maintain its lead over Volkswagen and General Motors as the world’s biggest automaker. However, around eight years from now, Volkswagen AG’s CEO Martin Winterkorn believes his company will become the worlds biggest automaker, outpacing Toyota [...]
