Toyota may build another factory in Mexico to produce small cars as the world’s largest automaker shifts more capacity outside Japan to remain competitive. The yen’s strength on world markets is said to be prompting the move.
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Even as overall costs for consumer goods rose 0.1% in September, prices for used cars fell 0.7%. It was the first such drop since just before the federal government’s “cash for clunkers” rebate program began in July 2009.
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General Motors said Friday it is recalling more than 300,000 Chevrolet Impala sedans to fix front seat belts that may not adequately protect passengers in a crash.
Continue reading GM Recalls 320,000 Chevy Impa…
German automaker Daimler has won its appeal of a court ruling that would have required the German automaker to pay $324 million to former Daimler-Benz shareholders who claimed they weren’t adequately compensated in the $36 bil…
The federal government’s stake in banking-giant Citigroup presents a conflict of interest in General Motors’ pending initial public offering, the automaker said Thursday.
Continue reading GM Says Government’s S…