Archive | Auto Industry News

Ford Kicks Off 2010 with 24% Sales Increase

DEARBORN, Mich. – Higher sales for every brand and in every product category propelled Ford to a 24 percent sales increase in January versus a year ago. Ford cars were up 43 percent, crossovers were up 20 percent, sport utilities were up 8 percent, and trucks and vans were up 14 percent. Among brands, Ford … Read More »

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Toyota Executive: Pedal Fix Too Late to Prevent Backlash

NAGOYA, Japan – Toyota’s fix for the gas pedal problem that led to the recall of millions of cars has not come soon enough to prevent a consumer backlash in the U.S. and elsewhere that is battering its sales, reported The Detroit News. One of the automaker’s top executives today said the damage from the … Read More »

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Ex-Treasury Chief Ignored GM Plea

WASHINGTON – Former Treasury Secretary Henry Paulson repeatedly refused to meet with General Motors chief executive Rick Wagoner — and then didn’t believe him when he warned the company could collapse by Nov. 7, 2008, reported The Detroit News. In a new memoir published today by Business Plus books, “On The Brink: Inside the Race … Read More »

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Auto Recall Rules May be Tightened by NHTSA

WASHINGTON – Safety advocates say government regulators may take a more urgent and tougher position on recalls, following Toyota’s callback of millions of vehicles, The Detroit News reported. Automakers have often resisted recalls, acting only when the National Highway Traffic Safety Administration is poised to order them. At other times, they have fought them off … Read More »

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Toyota Denies Ignoring Warnings, Reveals Pedal Fixes

Toyota Motor Corp. rejected suggestions Monday that it had ignored or reacted slowly to numerous reports that its vehicles could accelerate uncontrollably, reported The Detroit News. During a full day of briefings, radio and TV appearances, company officials said the remedies Toyota had outlined, including redesigned gas pedals, will prevent the frightening occurrences that have … Read More »

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Volkswagen Aims to Sell More Than 10 Million Cars by 2018

Volkswagen AG, Europe’s largest carmaker, said it plans to increase sales to more than 10 million vehicles by 2018 as it seeks to dethrone Japan’s Toyota Motor Corp., reported Bloomberg.com. VW’s management board approved business targets, including profit margins, measured by earnings before interest and taxes, of at least 5 percent for the automotive business … Read More »

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