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Automotive News Feed
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Whitacre: GM is on track for pre-June loan repayment
General Motors Co. will pay back roughly $8 billion in debt to the United States and Canada before June, CEO Ed Whitacre said today. That repayment schedule would be quicker than the automaker has promised.
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To acquire foreign automakers, Chinese companies first need an OK at home
Of the two Chinese companies chasing foreign auto brands, Sichuan Tengzhong Heavy Industrial Machinery Co. has already given up its pursuit of Hummer. How much chance does the second -- Zhejiang Geely Holding Group Co.
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Incentives expected to help Toyota boost sales 30% in March
New incentives are boosting Toyotaand#8217;s U.S. sales big time in early March, and analysts forecast a 30 percent bounce for the full month.
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Toyota Prius acceleration incident reported in New York
U.S. federal regulators said they were looking into a report of another runaway Toyota Prius, this one in Westchester County, N.Y., where police said a woman pulling out of a driveway zoomed across a busy street and into a stone wall.
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Like GM, Chrysler should reinstate rejected dealers, lawmaker says
A senior U.S. lawmaker is calling on Chrysler Group to follow General Motors Co.'s lead and reinstate rejected dealerships. Rep.
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Toyota seeks to block executive testimony in suit
A Michigan appeals court today granted a stay requested by Toyota Motor Corp. that delays testimony by two top U.S. company executives in a case about a crash that killed a woman driving a Camry in 2008.
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Toyota names former U.S. Transportation chief Slater to head quality panel
Toyota has named former U.S. Secretary of Transportation Rodney Slater to head a new panel that will advise the company's North American operations on quality and safety issues.
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Union idea for saving Opel's Belgian plant is ambitious, unrealistic
All my sympathy goes to workers who are trying to save their jobs and prevent Opel from closing a plant in Antwerp, Belgium.
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Toyota to cut steel price for suppliers
Toyota Motor Corp. has told its suppliers that it will lower the price of the steel products it sells them by as much as 9 percent from April 1, four sources with direct knowledge of the talks said on Tuesday.
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Toyota expands Tundra recall to cover entire U.S.
Toyota said it would expand a November recall to fix all U.S, Tundra pickups for the 2000 to 2003 model years to address a risk that part of the truck's frame could corrode, causing spare tires or even the gas tank to drop to the road.
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