Recalled Toyota Crashes Into Laundromat

Glenside, Pennsylvania - The 68-year-old driver told police she was trying to park her 2007 Toyota Camry when the car suddenly accelerated, causing it to careen through the front of the building and into several washing machines. “She pushed on the gas...

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Toyota’s largest-ever recall expanded to include 5.35 million vehicles

In the midst of what will likely be remembered as one of the worst weeks in Toyota’s history, Toyota has expanded its largest-ever recall from 4.26 million vehicles to a staggering 5.35 million vehicles. The recall first originated in November 2009,...

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Ford halts Transit van production in China over pedal

Following the government mandated sales freeze and subsequent production halt in the U.S. by Toyota for eight of its popular models, Ford has announced that it shares a common supplier for the diesel Transit Classic commercial van in China. Ford announced...

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Toyota Recall Spreads to Europe, China

TOKYO?The crisis facing Toyota Motor Corp. deepened Thursday as the company said its large-scale recall, stemming from a faulty accelerator pedal problem, would spread to Europe and China. The geographic reach and size of Toyota's recall has grown dramatically in recent days, raising questions about how many of its vehicles around the world are equipped...

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GM, Spyker deal to keep Saab alive

A small Dutch luxury automaker rescued the Saab brand from the automotive scrap heap Tuesday in a last-minute deal that will preserve jobs and dealerships but potentially create a competitor for seller General Motors CoM...

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Toyota halts sales of recalled models

Toyota Motor Corp., scrambling to contain damage to its reputation for safety, is halting sales and production of eight models that the automaker recalled last week to fix gas pedals that could get stuckM...

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Ford owes $23 Billion to The Banks Sales Down 16%

Everyone applauded Ford for not taking any Government loans..... Well it's because months before the calapse they mortgaged the entire company for $23Billion dollars.Now Ford has 3 Times the Debt of GM/Chrysler, no wage concessions from the UAW and Sales...

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GM to pay senior aide $1.1M

Wall Street veteran Steve Girsky will be paid $1.1 million for sitting on the General Motors Co. board of directors and being senior adviser to Chairman and CEO Edward Whitacre Jr.---...M...

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Ram sends GM back to the Drawing Board

After The 2010 Dodge Ram has won the Motor Trend Truck of The Year, GM goes back to the drawing board. The new Dodge Ram out performs both GM and Ford Trucks, has better styling and an excellent interior. Redesigned Chevrolet Silverado and GMC Sierra...

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The New Dodge Charger In A Super Bowl Ad?

Chrysler buys 60-second Super Bowl adNEW YORK (CNNMoney.com) -- Chrysler will be the only U.S. automaker to advertise in this year's Super Bowl, forking over millions of dollars to restore its image following its bankruptcy and the federal bailout that...

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Chrysler's CEO wins the charm game in Detroit

The biggest winner of the North American International Auto Show this year was the guy with the worst car lineup.Sergio Marchionne, CEO of Fiat and troubled Chrysler, scored some big points for admitting the struggle ahead for the moves he's taken already.Plus,...

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U.S. grants Detroit 3, suppliers millions for fuel savings, jobs

Detroit -- The Obama administration awarded $187 million in grants Monday to major automakers and suppliers to boost fuel efficiency.---...M...

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GM news Whitacre: Treasury will make money on GM rescue

Chairman and Chief Executive Edward Whitacre Jr. said GM will repay the balance of its $6.7B U.S. government loan by June and the government will make money---...M...

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GM News-First Volt battery pack rolls off line

General Motors assembled the first lithium-ion battery pack for its Chevrolet Volt extended-range electric car today. The event drew U.S. Secretary of Energy Steven Chu, Gov. Jennifer Granholm and GM Chairman and CEO Ed Whitacre and a host of federal, state and local politicians who heralded the battery's production as a symbolic step toward remaking...

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Auto show may lure president

Though administration officials said the president does not plan to attend the Auto Show, the event's chairman said theres a "good chance" the president will visit.---...M...

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GMAC expects $5B loss for 4th quarter

The struggling Detroit auto finance company, said Tuesday it expects to report a net loss of approximately $5B in the fourth quarter of last year---...M...

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Maserati, Ferrari to share Chrysler spot at auto show

Ferrari and Maserati are moving into a new neighborhood at the North American International Auto Show -- the Chrysler Group LLC stand, where they'll be nestled between the Dodge and Jeep brands----M...

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