Daily News Channel
Chung Mong Koo, Chairman of South Korea’s Hyundai Motor, carefully scrutinizes a newly designed gearshift lever for the automaker’s Sonata sedan while his entire senior-management team hovers around, anxiously awaiting his approval. The execs are justifiably edgy
GM adding 600 jobs to Michigan plant General Motors will invest $190 million in a Lansing, Mich., auto plant, adding 600 new jobs, the city’s mayor said Wednesday. GM, the second-largest U.S. automaker, will invest the money in its Grand River Assembly Plant in Lansing, where more than 1,000 workers are already employed, Virg Bernero, […]
Toyota conducts safety tests on all SUV models Toyota announced safety tests on all its sport-utility vehicle models in a sweeping effort Thursday to reassure buyers after Consumer Reports warned against buying the 2010 Lexus GX 460 in the automaker’s latest public relations debacle. Toyota Motor Corp., plagued by recalls since October and accusations it […]
U.S. weighs second penalty against Toyota Federal safety regulators find that ‘two separate defects’ exist in sticking accelerator pedals, but that the ongoing recall may address only one. Federal safety regulators are weighing a second penalty against Toyota Motor Corp. for its handling of the recall of 2.3 million cars and trucks with accelerator pedals […]
G.M.’s $4.3 Billion Loss Masks Progress The first detailed financial report from General Motors since its bankruptcy showed a company that has largely stanched the hemorrhaging in its day-to-day business, but is still cleaning up problems left over from its collapse last year. G.M. said Wednesday that it had positive cash flow of $1 billion […]
U.S. seeks $16.4 million fine against Toyota Federal safety agency hits Toyota with largest possible fine for a single reporting violation. More fines still possible. The Department of Transportation’s National Highway Traffic Safety Administration is seeking the maximum fine of $16.4 million against Toyota Motor Corp. for failing to notify the agency of a “sticky […]
Manganese Bronze, the maker of the classic London taxi and a former niche player in Coventry’s once booming car-making arena, is now the last car company in the city and enjoys the curious status of being the biggest London-listed car maker by volume. However, it is struggling with the recession.
Ford Motor Co. saw an increase in domestic sales this July over last, a Ford official told CNN Radio on Sunday
General Motors appears to be on a fast road to bankruptcy . Chief executive officer Fritz Henderson has already described a bankruptcy filing as ‘probable’ as the U.S
Pontiac owners around the United States are feeling nostalgic amid reports that cash-strapped General Motors will end one of its most coveted brands. Jean Lindsay of western New York fondly recalls the muscle cars in her family’s driveway: Two 1967 GTOs