Toyota has asked a federal judge to dismiss hundreds of lawsuits over problems with unintended acceleration in its vehicles. The world’s largest automaker says such complaints are based on anecdotes, and fail to identify specif…
Japan finally intervened in foreign exchange markets for the first time since 2004 to stop the relentlessly rising yen, pushing it sharply lower. As a result, Japanese stocks surged over 2%, led by exporters.
Following Tuesday’s win of Prime Minister …
Officials from Chrysler Group unveiled a new midsized sedan at an event with some 1,800 dealers Tuesday in Florida as the struggling automaker continues to revamp its aging fleet of cars and trucks.
The new Chrysler 200 sedan, which replaces the slow…
Toyota Motor (TM) is already the largest maker of hybrid vehicles, offering seven different models in the U.S. market. But the automaker’s plans call for it introduce six new models by the end of 2012 and to offer two plug-in hybrid vehicles, including…
Volkswagen has tapped a veteran with deep knowledge of the U.S. domestic auto industry to head its U.S. operations. The German carmaker named Jonathan Browning, who has worked for both General Motors and Ford Motor, as CEO of V…