US Automotive News

Toyota announces big Prius recall – The Guardian

Wednesday, February 12, 2014

Toyota is recalling nearly 31,000 UK-registered cars because of a computer problem that could cause the vehicle to stop. The recall affects the hybrid Prius model and involves 30,970 of the UK-registered ones manufactured between March 2009 and February 2014. The company, which has had a number of recalls in recent years including some involving the Prius, said there had been 11 incidents in Europe of the computer problem but…

Toyota in Talks on Final Settlements Over Car Recalls – New York Times

Tuesday, February 11, 2014

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Toyota to recall 1.9 mln Prius cars for software defect in hybrid system – Reuters

Tuesday, February 11, 2014

TOKYO Feb 12 (Reuters) – Toyota Motor Corp on Wednesday issued a recall covering all 1.9 million of the third-generation Prius cars sold worldwide, due to a programming glitch in their hybrid system. About half of the recalls are in Japan and 713,000 in North America, a Toyota spokeswoman said. No accidents have been reported related to the defect. Toyota said the problem was in the software used to control…

Mary Barra’s GM Pay Could Top $14 Million, Putting Her in the Big Three – Businessweek (blog)

Tuesday, February 11, 2014

Periodically, public outrage pops up over the lavish pay packages of corporate executives. Last week was one of those times—with an unusual twist: General Motors (GM) faced criticism based on allegations that Mary Barra, its new chief executive officer and the first woman to lead a U.S. automaker, wasn’t being paid enough. It was, for a brief time, cited as evidence that the gender pay gap persists, even at the highest…

Mary Barra’s GM Pay Could Top $14 Million, Putting Her in the Big Three – Businessweek (blog)

Tuesday, February 11, 2014

Periodically, public outrage pops up over the lavish pay packages of corporate executives. Last week was one of those times—with an unusual twist: General Motors (GM) faced criticism based on allegations that Mary Barra, its new chief executive officer and the first woman to lead a U.S. automaker, wasn’t being paid enough. It was, for a brief time, cited as evidence that the gender pay gap persists, even at the highest…

Mary Barra’s GM Pay Could Top $14 Million, Putting Her in the Big Three – Businessweek (blog)

Tuesday, February 11, 2014

Periodically, public outrage pops up over the lavish pay packages of corporate executives. Last week was one of those times—with an unusual twist: General Motors (GM) faced criticism based on allegations that Mary Barra, its new chief executive officer and the first woman to lead a U.S. automaker, wasn’t being paid enough. It was, for a brief time, cited as evidence that the gender pay gap persists, even at the highest…

Toyota may pay $1 billion to settle federal criminal investigation – Los Angeles Times

Tuesday, February 11, 2014

The automaker is reportedly close to paying a $1-billion fine to settle a four-year federal criminal investigation into whether it properly reported safety complaints to regulators. Meanwhile, Toyota’s lawyers are in settlement talks over hundreds of civil lawsuits alleging wrongful deaths or injuries, potentially adding hundreds of millions to the tab. Previously, Toyota agreed to pay $1.6 billion to settle a class-action case brought by thousands of Toyota owners…

Travis Ford let Marcus Smart down – ESPN

Monday, February 10, 2014

Marcus Smart Addresses Media NEXT VIDEO Marcus Smart Addresses Media Marcus Smart Addresses Media Smart Suspended Three Games Smart Suspended Three Games Smart Pushes Fan In Upset At Texas Tech Smart Pushes Fan In Upset At Texas Tech Who Is Jeff Orr? Who Is Jeff Orr? Where is Travis Ford? Watch the video again of Marcus Smart shoving a fan at Texas Tech, but look at what happens after the…

Toyota to stop making cars in Australia from 2017 – Reuters

Monday, February 10, 2014

MELBOURNE/TOKYO (Reuters) – Toyota Motor Corp (7203.T) said on Monday it would stop making cars and engines in Australia by the end of 2017 in what would mark the end of an era for a once-vibrant auto production base and the loss of thousands of direct and indirect jobs. Toyota’s decision follows the planned exits of General Motors (GM.N) and Ford Motor (F.N) announced last year and would leave no…

GM, Ford dealers boost discounts on big trucks – Reuters

Saturday, February 08, 2014

DETROIT (Reuters) – General Motors Co is boosting discounts on full-size pickup trucks by thousands of dollars to keep pace with competitors and to whittle down bulging inventories on dealers’ lots. Dealers for rival Ford Motor Co, meanwhile, are also offering hefty discounts. GM (GM.N) is running a national Presidents Day sale through February 28 at Chevrolet and Buick-GMC dealers that provides incentives of up to $7,092 on the 2014…

Toyota Nears $1 Billion Deal to End Probe – Wall Street Journal

Friday, February 07, 2014

Toyota Motor Corp. is close to a deal to pay more than $1 billion to end a U.S. criminal probe of how it disclosed drivers’ complaints of unintended acceleration, according to people familiar with the matter. An agreement could come within weeks barring setbacks and would cap a four-year investigation by U.S. authorities. There are still…

Rise in Profit for GM, but Europe Unit Falters – New York Times

Friday, February 07, 2014

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Chevrolet dresses up ‘fun to drive’ city van – USA TODAY

Friday, February 07, 2014

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The new Fiat Chrysler faces a rougher road than many think – Washington Post

Friday, February 07, 2014

Fiat took on this obligation on Jan. 21, when it bought the 41.5 percent Chrysler stake owned by a trust for Chrysler retirees. Because Fiat now owns 100 percent of Chrysler, all of Fiat’s assets — not just Chrysler’s assets, as was previously the case — are now at risk should Chrysler, which has had three near-death experiences since the late 1970s, get into financial trouble yet another time. That…

GM Spending on Vehicles, Regions Dent Bottom Line – ABC News

Thursday, February 06, 2014

General Motors spent billions last year rolling out new models to update its lineup of cars and trucks and restructuring to fix longstanding problems overseas. The spending put a dent in GM’s bottom line, causing the world’s second-biggest automaker to fall short of Wall Street’s expectations in the fourth quarter. Still, GM posted a healthy profit as strength in North America and China offset troubles in other areas. “We clearly…

Cavaliers fire GM Chris Grant – CBSSports.com

Thursday, February 06, 2014

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Toyota first major sponsor of Daytona’s renovation – USA TODAY

Thursday, February 06, 2014

Toyota announced a sponsorship of Daytona International Speedway’s renewal project that will include naming rights to a new fan entrance.(Photo: Daytona International Speedway) Story Highlights Toyota branding will be on one of five new fan entrances Toyota celebrates 10 years in NASCAR this season It moved into the premier Sprint Cup series in 2007 Toyota marked its 10th anniversary in NASCAR by becoming the first major sponsor of Daytona International…

GM Reports Lower-Than-Expected 4Q Earnings – ABC News

Thursday, February 06, 2014

General Motors’ fourth-quarter net profit rose 2 percent from a year ago, but the company fell short of Wall Street expectations as it spent heavily to restructure outside the U.S. GM rode record North American earnings to a profit of $913 million, or 57 cents per share. That compares with $892 million, or 54 cents per share, a year ago. Revenue rose 3 percent to $40.5 billion. Excluding one-time items,…

In Rapid Turnaround, Toyota Is on Track to Post Record Earnings – New York Times

Tuesday, February 04, 2014

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Polar Vortex Froze Ford, GM And Toyota January Auto Sales – Forbes

Tuesday, February 04, 2014

No one likes to drive in the snow, and according to new January auto sales results, no one likes to buy cars while it’s snowing, either. Ford, General Motors General Motors and Toyota released lower-than-expected January sales Monday, posting year-over-year sales declines that each said could be contributed to January’s frigid temperatures and snowy weather. Only Chrysler managed to post a sales gain, inexplicably escaping the blows from the likes…