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Ford CEO Alan Mulally and Executive Chairman Bill Ford, have been awarded $56.5 million and $42.4 million in stock, respectively, in recognition for the company’s stunning turnaround, which resulted in the automaker raking in $6.6 billion last year — its best performance in more than a decade.

Continue reading Ford Awards Top Two Execs $99 Million in Stock for Turnaround

Ford Awards Top Two Execs $99 Million in Stock for Turnaround originally appeared on DailyFinance on Tue, 08 Mar 2011 15:18:00.

Filed Under: Company News, Economy, Ford Motor Co, Autos

Three top automakers are recalling vehicles for items ranging from steering problems to stalling engines to faulty tire-pressure monitoring systems. The largest involves 35,000 Honda Civic hybrid models to fix electrical components that could cause headlights to shut off or the engine to stall.

Continue reading Honda, Chrysler and Toyota Issue Safety Recalls Involving 77,000 Cars

Honda, Chrysler and Toyota Issue Safety Recalls Involving 77,000 Cars originally appeared on DailyFinance on Mon, 07 Mar 2011 15:30:00.

Filed Under: Company News, Technology, Honda Motor Co, Toyota, Autos, Chrysler

Toyota is recalling another 22,000 trucks and sport-utility vehicles, this time so that it can repair faulty tire pressure monitoring systems.
Vehicles affected by the recall include the Toyota FJ Cruiser, Land Cruiser, Sequoia, Tacoma and Tundra from the 2008 through 2011 model years.

Continue reading Toyota Recalls 22,000 Trucks, SUVs Over Faulty Tire Pressure Monitors

Toyota Recalls 22,000 Trucks, SUVs Over Faulty Tire Pressure Monitors originally appeared on DailyFinance on Mon, 07 Mar 2011 09:04:00.

Filed Under: Company News, Toyota, Autos

Last week’s fire at auto parts supplier Magna International continues to echo through General Motors’ supply chain. The automaker shut down the Lordstown plant where it makes the Chevy Cruze for another day Monday. Five other GM plants have also seen shortened and canceled shifts.

Continue reading GM Plants Cancel More Shifts After Fire at Parts Supplier

GM Plants Cancel More Shifts After Fire at Parts Supplier originally appeared on DailyFinance on Mon, 07 Mar 2011 08:42:00.

Filed Under: Company News, Ford Motor Co, General Motors, Autos, Chrysler

Chrysler is recalling nearly half a million popular minivan and crossover models because the engines may unexpectedly turn off while driving, increasing the risk for a crash.

Continue reading Chrysler Recalls 250,000 Minivans, Crossovers to Fix Engine Stalling

Chrysler Recalls 250,000 Minivans, Crossovers to Fix Engine Stalling originally appeared on DailyFinance on Thu, 03 Mar 2011 10:20:00.

Filed Under: Company News, Technology, Ford Motor Co, Autos, Chrysler