Cars
A U.S. judge signed off on Toyota’s $1.2 billion settlement of criminal charges that it concealed safety problems in its vehicles, the largest penalty ever levied by the United States on an auto company. The accord could serve as a model for a similar probe into General Motors’ handling of the ignition switch problem. Read more »
- Toyota Accepts To Pay Customers $1.63 Billion In Unintended Acceleration Case
The Toyota unintended acceleration issues are a very familiar one in the automotive industry, as it has been regularly brought up since customers began reporting the problem, back in 2009. Now, though, according to Bloomberg, the company has won approval...
- Ford's Second Quarter Profit Drops $1.4 Billion, Big Losses In Europe
The Blue Oval reported today a second quarter profit of US$1 billion (€827 million), down 57 percent or US$1.4 billion (€1.16 billion) over the same period last year, as the company's losses in Europe piled up. Net income in the first...
- Toyota's Gloomy New Forecast Cuts Annual Profits By More Than Half
After losing the top spot as the world's largest automaker, Toyota is now halving its profit forecast due to a number of factors, the most important of which are the production disruptions caused by the earthquake and tsunami in Japan in March and...
- Toyota May See Production Diminished By 500,000 Cars Because Of The Earthquake
The shortage of parts and electricity problems in Japan in the aftermath of the Tohoku earthquake may delay the production of at least 500,000 Toyota vehicles, according to market research company Advanced Research Japan. The world's largest carmaker...
- Gm Posts $15.5 Billion Loss In Q2 2008
General Motors today announced its financial results for the second quarter of 2008, which saw the largest U.S. automaker report a loss of $15.5 billion mainly due to plunging sales in its core North American market and the dramatic shift in consumer...
Cars
U.S. Judge Approves Toyota's $1.2 Billion Settlement for Concealing Defects
A U.S. judge signed off on Toyota’s $1.2 billion settlement of criminal charges that it concealed safety problems in its vehicles, the largest penalty ever levied by the United States on an auto company. The accord could serve as a model for a similar probe into General Motors’ handling of the ignition switch problem. Read more »
- Toyota Accepts To Pay Customers $1.63 Billion In Unintended Acceleration Case
The Toyota unintended acceleration issues are a very familiar one in the automotive industry, as it has been regularly brought up since customers began reporting the problem, back in 2009. Now, though, according to Bloomberg, the company has won approval...
- Ford's Second Quarter Profit Drops $1.4 Billion, Big Losses In Europe
The Blue Oval reported today a second quarter profit of US$1 billion (€827 million), down 57 percent or US$1.4 billion (€1.16 billion) over the same period last year, as the company's losses in Europe piled up. Net income in the first...
- Toyota's Gloomy New Forecast Cuts Annual Profits By More Than Half
After losing the top spot as the world's largest automaker, Toyota is now halving its profit forecast due to a number of factors, the most important of which are the production disruptions caused by the earthquake and tsunami in Japan in March and...
- Toyota May See Production Diminished By 500,000 Cars Because Of The Earthquake
The shortage of parts and electricity problems in Japan in the aftermath of the Tohoku earthquake may delay the production of at least 500,000 Toyota vehicles, according to market research company Advanced Research Japan. The world's largest carmaker...
- Gm Posts $15.5 Billion Loss In Q2 2008
General Motors today announced its financial results for the second quarter of 2008, which saw the largest U.S. automaker report a loss of $15.5 billion mainly due to plunging sales in its core North American market and the dramatic shift in consumer...