-
Toyota Hopes To Repair 70% Of Recalled Cars (TM)
Monday, February 15, 2010 - 9:50am | 185Toyota Motor Co. (ADR) (NYSE: TM) believes that it can fix more than 70% of the vehicles that have been recalled due to unintended acceleration issues. Don Desmond, the Senior VP of automotive operations at Toyota, announced in an interview on Saturday that 400,000 vehicles were already repaired in...
-
Ford Planning To Launch New Small Car in 2011 (F)
Sunday, February 14, 2010 - 6:06pm | 108According to Mark Fields, President of Ford (NYSE: F) America, the automaker is planning to launch a new Mercury small car in early 2011. The new small car is part of the Ford’s (F) small car portfolio of 10 vehicles. This launch will help Ford in expanding its mid-level premium brand segment. The...
-
Toyota Mulls Enhanced Warranties (TM )
Sunday, February 14, 2010 - 2:57pm | 111Toyota (NYSE: TM) is struggling with its largest recall in history and is try to come up with the damage control plans. The automaker is currently considering increasing cash incentives to its returning customers. Toyota (TM ) may increase the loyalty bonus by another $1000. The troubled automaker...
-
Toyota (TM) Sued Over Fatal Accidents
Saturday, February 13, 2010 - 8:32pm | 136Toyota Motor Corp. (NYSE: TM) has had two lawsuits filed against it in Los Angeles federal court claiming that sudden, uncontrollable acceleration by Toyota vehicles led directly to to fatal accidents. The attorney of one of the accident victims, whose husband was killed in the accident, said that...
-
8,000 More Toyotas (TM) Recalled
Saturday, February 13, 2010 - 12:10am | 128In what has become a regular occurrence for the beleaguered Japanese automaker, Toyota Motor Corp. (NYSE: TM) issued another recall. This time the recall was for 8,000 Tacoma 4-wheel drive trucks. The problem area this time around is the truck's drive shaft. There may be a component in the drive...
-
Auto Workers Union Protests Toyota Plant Closure (TM )
Friday, February 12, 2010 - 10:46pm | 110Auto workers are rallying outside Toyota’s (NYSE: TM) Fremont plant slated to close at the end of March. The protest has added to the woes of the already troubled Japanese automaker. The plant closure is likely to result in 4,600 job losses. Several thousand more jobs at regional part suppliers are...
-
Auto Workers Union Protests Toyota Plant Closure (TM )
Friday, February 12, 2010 - 10:33pm | 110Auto workers are rallying outside Toyota’s (NYSE: TM) Fremont plant slated to close at the end of March. The protest has added to the woes of the already troubled Japanese automaker. The plant closure is likely to result in 4,600 job losses. Several thousand more jobs at regional part suppliers are...
-
Toyota Halted Investigations By Hiring Regulators (TM, F, HMC)
Friday, February 12, 2010 - 8:20am | 203According to a report by Bloomberg, Toyota Motor Corp. (ADR) (NYSE: TM) hired former regulators to fend off US investigations in at least four cases of unintended acceleration in Toyota vehicles. Christopher Tinto, who is with Toyota’s Washington office as VP of regulatory affairs and Christopher...
-
Market Roundup (FE, AYE, WHR, FRE, FNM, TM, F)
Thursday, February 11, 2010 - 3:23pm | 278The market's reaction to the $4.7 billion acquisition of Allegheny Energy (NYSE: AYE) by FirstEnergy (NYSE: FE) seems lackluster. AYE has risen just 10.9% to $23.31 on FE's takeover offer of $27.65 per share. Analysts are questioning the timing of the deal and expect FE to face regulatory hurdles...
-
Toyota Dealers Start Dropping Prices As Recalls Hurt Reputation (TM, F)
Thursday, February 11, 2010 - 9:50am | 192Toyota Motor Corp.’s (ADR) (NYSE: TM) cars used to command, and get a premium over prices of cars from rivals such as Ford (NYSE: F) and General Motors on the back of a long, and carefully nurtured reputation, and brand image of high quality. Now, the Wall Street Journal reports that some Toyota...
-
Zipcar Halts Rentals Of Recalled Toyotas (TM)
Wednesday, February 10, 2010 - 4:47am | 108In another blow to the reputation of Toyota Motor Corp. (NYSE: TM), privately held car-sharing service Zipcar, Inc. announced on Tuesday that it would not allow reservations for any of the Toyota vehicles in the Zipcar fleet that are being recalled until problems with the affected vehicles have...
-
Honda Motor Co. (HMC) Recall Expands To Over 900,000 Vehicles
Wednesday, February 10, 2010 - 12:20am | 194For once, it isn't Toyota Motor Corp. (NYSE: TM) issuing a recall over safety concerns. Honda Motor Co., Ltd. (NYSE: HMC) announced on Wednesday in Asia that the automaker would expand a recall of 2001 and 2002 models to more than 900,000 vehicles worldwide. Since 2008, Honda had issued recalls...
-
GM Executive Believes Toyota (TM) Recalls Will Increase Regulation
Wednesday, February 10, 2010 - 12:00am | 111Mark Reuss, General Motors' president of North America operations said that he believes that the recent Toyota Motor Corp. (NYSE: TM) recalls will lead to increased National Highway Traffic Safety Administration (NHTSA) regulations in the United States. Since the Toyota braking related recalls...
-
Prius Cars To See Recalls As Toyota Tries To Repair Brakes (TM)
Tuesday, February 9, 2010 - 8:55am | 175Toyota Motor Corp. (ADR) (NYSE: TM) is expected to recall as many as 437,000 hybrid cars from around the globe in a move aimed at repairing faulty braking systems. The recall will involve 4 models, which includes the best selling Prius. This will add to the almost 8 million vehicles that the...
-
Toyota Motor Corp. (TM) Recalls Another 400,000 Vehicles
Tuesday, February 9, 2010 - 8:28am | 172Toyota Motor Corp. (NYSE: TM) has issued yet another recall, this one covering nearly 400,000 vehicles. This brings the total number of vehicles recalled within the last few months to over 7 million. This time around, Toyota Motor Corp. is recalling 223,000 hybrids that were sold in Japan, 53,000...