Automobile industry
Automakers continue to face challenges in the US market, as sales figures for February reveal shifting market share dynamics. Ford has edged out General Motors for the first time in over 10 years, with a significant surge in car and truck sales. This development comes as Toyota faces the fallout
Automobile industry
Toyota's President Akio Toyoda testified before a House committee on Wednesday, stating that he did not know about the company's unintended acceleration problem until late last year. This contradicts the timeline of the company's recalls, which began in 2007 and continued with additional recalls
Automobile industry
Toyota's U.S. sales chief, Jim Lentz, struggled to contain the fallout from the company's recent recalls, acknowledging that the automaker has "outgrown" its engineering resources and failed to keep pace with growing complexity in its product line. In a dramatic hearing, Lentz confessed
Automobile industry
Toyota's CEO, Akio Toyoda, has faced intense scrutiny in recent weeks following the company's recall crisis. Initially, Mr. Toyoda was hesitant to address the issue publicly, but has since become more forthcoming, appearing in several news conferences and announcing additional possible defects in the company'
Automobile industry
Israel Corp., a major Israeli company, has taken a significant step towards renewable energy with the unveiling of a car fueled by solar energy at the Eilat-Eilot International Renewable Energy Conference & Exhibition. The event marks a major milestone for Israel Corp.'s IC Green Energy unit, which has
Automobile industry
Toyota's recent admission of safety problems with its cars has prompted more reports of safety issues, leaving many to question the reliability of the automaker's vehicles. While the odds of being involved in a fatal car crash are low, a small number of cars have reportedly
Automobile industry
Toyota Motor Corp.'s reputation for quality is coming under increasing pressure as consumer complaints about its vehicles surge, prompting a potential recall of its environmental showpiece, the Prius. Consumer complaints about 2010 Prius vehicles have climbed to 21 from just six last week, leading the U.S. government&
Automobile industry
The price of Toyota's defect fiasco has reached a staggering $2-billion and is growing by the day, as the Japanese car maker faces a U.S. government investigation into the brakes of its prized Prius hybrid. The crisis has not only affected Toyota's reputation but has
Automobile industry
Toyota owners are taking legal action against the auto giant due to alleged problems with sticky accelerator pedals. Law firms have filed class-action lawsuits in Ontario, Saskatchewan, and Texas against Toyota, its supplier CTS Corp., and other affiliated companies. The lawsuits claim that Toyota and its supplier knew or should
Automobile industry
Wisconsin Governor Jim Doyle has announced that more than $2.3 million in additional assistance will be provided to about 1,400 displaced workers affected by the closing of the General Motors assembly plant in Janesville. The federal funding, awarded by the U.S. Department of Labor, will be used
Automobile industry
Dow Chemical Company is making its mark at this year's North American International Auto Show (NAIAS) in Detroit through its sponsorship of the "Electric Avenue" exhibit, a 37,000 sq. ft. display showcasing electric vehicles and technology, including innovative energy solutions from Dow. This marks the
Automobile industry
Hyundai Motor Co. and its affiliate Kia Motors Corp., South Korea's top carmakers, have achieved significant success in China's vehicle market last year. The surge in demand for small-sized cars, particularly due to the economic slump in the country, contributed to the outstanding performance of the
