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.
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.
Automakers around the world have found some stabilization after trying to stabilize in 2009 in which the industry saw big players die, merge and shrink. But Renault-Nissan CEO Carlos Ghosn is optimistic, believing the sector will see gradual growth in the new year in every market except Europe.
The statement was straightforward with an appropriate amount of contrition. When I talked with Jim Lentz, the head of Toyota USA he was direct in admitting his company is embarrassed by the on-going controversy over sticking gas pedals.
The booming economies of China, India and Brazil are in the spotlight, while those of Europe, Japan and the U.S. look dull and weak.
When I talked with Ford CEO Alan Mulally 10 minutes after his company filed fourth quarter earnings, there was a tone of satisfaction in his voice.
Think you may own one of the 2.3 million Toyota models being recalled because of a potentially dangerous accelerator? It's easy to find out for sure.
Toyota is suspending sales of roughly 57% of its new cars and shutting down assembly lines for eight models. That alone should spook Toyota investors. But the troubling part of Toyota halting sales of new models is the fact nobody knows how long it will last.
After two years cutting tens of thousands of jobs, there's finally some good news coming from the auto industry. Auto makers are slowly adding jobs at new and existing plants around the country.
Meet the new boss, same as the old boss. And for the folks at GM, this is good news. Today Ed Whitacre Jr, the GM Chairman will announce he is taking the CEO job on a permanent basis. The move comes less than two months after Whitacre replaced Fritz Henderson as Chief Executive Officer. While some will dismiss this news as a natural development at GM, this is more than simply removing "interim" from Whitacre's CEO title.
On the surface, Toyota's latest recall related to unintended acceleration is the kind of scenario that could sink a company.
CNW Marketing has tracked three car homes since the mid '90's and it finds there will be fewer this year, continuing a four-year pullback. According to CNW, the high water mark for three car homes was in 2006 when more than 13% of those surveyed said they had a spare car.
One day after pledging to double its hybrid sales by 2011, Toyota is putting the pieces in place to make sure it has the batteries needed to support its expanded hybrid production
What are the greenest cars on the road, according to the American Council for an Energy-Efficient Economy? Click to see the list.
It is a suggestion that continues to pop up on a regular basis: The U.S. should have another Cash for Clunkers Program. Don't laugh, it's an idea that some in the industry continue to push with regularity. While their intentions and hopes are understandable, it's an idea that won't become reality.
At face value, it is not the biggest story in the auto industry. But it is one more important sign the auto market is returning to health.
After the last three years and seeing scores of auto plants close down and thousands of plants shut down, it's easy to fall into the trap of thinking the auto industry is dead. Nothing could be further from the truth.
This car is not yet approved by the DOT for street driving, so my limited test drive was limited to an industrial complex outside Detroit. But even in short drive, the Nano impressed me with plenty of pep and responsive handling. Its tight turning radius will be an asset for zipping around in urban areas with tight spaces. For an entry-level car, it works. You don't get the feeling you are driving a compact car that lacks power and agility.
Sergio Marchionne has heard the comments. He knows there are plenty of people who have written off Chrysler. He knows there are scores of reporters who take the lack of auto show press conferences as a sign the company is dead in the water. He also knows Chrysler can no longer afford to make big promises it can't keep.