LANSING, Mich.— The U.S. auto industry's home state of Michigan is preparing for the advent of self-driving cars by pushing legislation to allow for public sales and operation— a significant expansion beyond an existing state law that sanctions such vehicles for testing only. While widespread use of driverless cars may be years away, lawmakers and... » Read More
One implies screwing up one too many times. The other suggests you finally get it right. The question for much of America is which one suits the current situation Toyota finds itself in right now?
Stocks staged a relief rally Wednesday amid talks of a bailout for Greece and positive earnings and sales news from some key Dow components.
U.S. stock index futures are pointing to a higher open Tuesday morning, a day after a last-hour selloff pushed the Dow to its first close below 10,000 since November, and the S&P 500 to a fresh three-month closing low as well.
Many economists say Toyota’s trauma is a wake-up call that Japan needs to understand that its reliance on manufacturing and industrial exports, which served the country so well after World War II, is no longer wise.
Ever since Toyota's gas pedal problems came out roughly four months ago, I've often asked executives with the Big 3 why they aren't more aggressive going after Toyota. The executives often told me, "We're getting the message out there." It was as if the folks in Detroit were afraid to take a shot at Toyota.
Toyota has friends in high places in Washington, including some of the very people now investigating the Japanese automaker.
After several investigations, it was only last week that Toyota owners learned federal regulators, concerned that the company was not taking apparently dangerous defects seriously enough, traveled to Japan in December to light a fire under corporate executives. Meanwhile, millions of Toyotas continued to be driven by drivers unaware of the potential scope of the problem, and the cars continued to be sold.
Toyota's recovery from a string of quality issues could be the worst in the history of automaker recalls.
Two weeks after announcing the recall of 2.3 million cars and trucks that may have sticking gas pedals, and just days after admitting there may be a problem with the brakes on 2010 Prius models, the namesake and top guy at Toyota finally addressed the controversy.
Now even Toyota's golden child is tarnished. Early this morning in Japan, Toyota announced that there was a design flaw in the anti-lock brakes of third generation Prius models made up until January of last year.
Automakers, both big and small, will launch a variety of models as soon as this year to ride the consumer shift to smaller, greener vehicles.
Plus, get the Mad Money host’s trade of the day.
Click ahead to take a look at some of the electric cars expected to hit the market this and the next couple of years.
On Wednesday, disappointing earnings sent investors running for the exits stopping a comeback dead in its tracks. Is the correction back; what should you be watching?
Ever since Toyota first addressed complaints about unintended acceleration last October, there have been a steady number of complaints from Prius owners. I've heard them from time to time and they basically amount to Prius owners saying their car suddenly sped up or the brakes didn't work properly.
Today in Washington, Secretary of Transportation Ray LaHood publicly blasted Toyota for being slow to react to concerns about its accelerators and unintended acceleration. LaHood said federal safety officials had to "wake them (Toyota) up" to the seriousness of the pedal issue.
Investors are struggling to make sense of Tuesday's market action. Industrials and materials led the rally but tech lagged, badly. Can the rally continue without tech?
Tonight, we learn about Mr. Paulson's thinking behind all those decisions, taken in response to the financial crisis, and, ultimately, in the pursuit of long-run American prosperity.
Both Toyota and its suppliers are to blame for the massive recall that hurt the Japanese automaker's reputation, investor Wilbur Ross, WL Ross & Co. Chairman and CEO, told CNBC Tuesday.
Toyota's stock is stalled at the traffic lights and has been for many months. It's convenient to attribute the sluggish performance to the automaker's recent recall woes, but a closer look at the stock's technicals will show the downtrend's been in place for sometime now, although the stock did manage to break out from the descent somewhat last year to take on a prolonged sideways trading pattern.