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January 24, 2010 - January 30, 2010 Archives
Toyota sends new gas pedals to plants, not dealers
Toyota is sending new gas pedal systems to its factories rather than its dealership service departments, The Associated Press learned Friday. The move angered some dealers who say they should get the parts to take care of the millions of...
January 29, 2010 5:48 pm
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Clare moving Dodge Chrysler franchises to Middletown
Kevin Clare is moving his Bristol County Chrysler Dodge dealership from Warren to the former Newport Ford dealership on West Main Road in Middletown, according to General Manager Bob Dipetrillo. DiPetrillo said the dealership will be adding a Jeep franchise...
January 29, 2010 2:25 pm
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Auction group, rental companies cut Toyotas
The largest used-vehicle auto auction association in the United States today recommended that its member auctions temporarily stop selling Toyota cars and trucks that are being recalled because of sticking accelerator pedals, according to Automotive News. In addition, several major...
January 28, 2010 2:28 pm
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Toyota's pedal supplier says it has a fix, is ramping up output
DETROIT -- The supplier that made the pedal modules fingered in a massive recall of Toyota Motor Corp. vehicles said today that it has a fix and is stepping up production at three factories to get new parts to Toyota's...
January 28, 2010 1:47 pm
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Backseat Driver: Toyota Takes a Tumble
Toyota, once the byword for reliability, forced to issue a massive recall of most of its key models and then halt production and sales across the world in order to solve a potentially dangerous problem with a faulty accelerator pedal....
January 28, 2010 1:03 pm
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Ford earns $2.7 billion in 2009, first profit in 4 years
DEARBORN, Mich. -- Ford, the only U.S. automaker to avoid bankruptcy court, clawed its way to a $2.7 billion profit in 2009 and expects to stay in the black in 2010. It was the automaker's first annual profit in four...
January 28, 2010 10:27 am
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Toyota extends recall to Europe, China after US
TOKYO -- Toyota's massive recalls over problem gas pedals in the U.S. are being extended to China and Europe, the latest blow to the world's top automaker as it struggles to salvage its safety reputation, according to The Associated Press....
January 28, 2010 10:16 am
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Is the Spyker-Saab deal for real?
General Motors agreed on Tuesday to sell its beleaguered Swedish unit to the tiny Dutch automaker in a complicated deal that involved the Swedish government. I suppose this was a good deal for General Motors because apart from a small...
January 27, 2010 3:56 pm
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Toyota U.S. sales halt deals blow to image, earnings
NEW YORK -- Toyota's suspension of U.S. sales on an unprecedented scale to fix faulty gas pedals deals a blow to the automaker's reputation for quality and endangers its fledgling earnings recovery, according to The Associated Press. The suspect parts...
January 27, 2010 11:46 am
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GM to sell Saab to Dutch carmaker Spyker
DETROIT -- Saab got a new life Monday as General Motors agreed to sell the Swedish car brand to the small Dutch luxury carmaker Spyker Cars NV, according to The Associated Press. Terms of the deal were not announced, but...
January 26, 2010 2:23 pm
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Spyker prepares announcement to buy Saab from GM
Dutch sports-car maker Spyker Cars NV will announce within an hour its plans to purchase Saab from General Motors Co., a person familiar with the plan said today, according to Automotive News. Another person briefed on the situation said a...
January 26, 2010 11:39 am
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GM is poised to sell Saab to Spyker this week, reports say
General Motors could sign a deal to sell Saab to Dutch luxury sports car maker Spyker Cars NV on Monday or early this week, according to Automotive Weekly citing press reports. Bloomberg News said Spyker has offered GM a combination...
January 25, 2010 10:04 am
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CarMax to Hire for 600 Store Positions
RICHMOND, Va. -- In what could be a potentially good sign for the used-vehicle industry, CarMax said late last week it looking for candidates to hire for roughly 600 store positions throughout the nation, with a majority being sales jobs,...
January 25, 2010 9:45 am
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GM Chairman to become permanent CEO - AP
DETROIT -- A person briefed on the decision says General Motors Chairman Ed Whitacre Jr. will be named permanent CEO of the automaker, according to The Associated Press. Whitacre, who has been serving as interim CEO since Dec. 1, has...
January 25, 2010 9:41 am
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