Toyota Motor Corp. apologized for letting safety standards slip during a period of fast growth and vowed to respond more quickly to consumer complaints as two days of congressional hearings began.
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Hyundai Motor America Inc. today ordered a halt to sales of the 2011 Sonata after notifying dealers that front door-lock modules on some cars can stick under some circumstances. With intense scrutiny bearing down on rival Toyota Motor Corp.
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Sonic Automotive Inc., which was on the verge of bankruptcy less than a year ago, said today it posted fourth-quarter net income from continuing operations of $9.3 million or 18 cents a share. That compares with a fourth-quarter 2008 loss of $8.
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In the first known study of its kind, an automotive technology professor told lawmakers today that his 3and#189;-hour test of Toyota vehicles found evidence that unintended acceleration could be caused by breakdowns in the electronic controls.
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Toyota Motor Corp. president Akio Toyoda plans to tell lawmakers on Wednesday that the company regrettably chased growth at the expense of safety in recent years, and he will announce steps to improve Toyota's handling of customer complaints.
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Toyota Motor Corp. President Akio Toyoda plans to tell lawmakers tomorrow that the company regrettably chased growth at the expense of safety in recent years, and he will announce steps to improve Toyotaand#8217;s handling of customer complaints.
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In News Brake: McLaren releases video of new prototypes of the MP4-12C, the Drag Pak is back for the Dodge Challenger, and the Maserati Quattroporte Sport GT S Awards Edition heads for the Geneva auto show . . . But Wait, There's More!
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SAIC Motor is set to take control of its joint venture with General Motors, after getting the green light from the Chinese stock regulator to acquire the 1% stake it needs to hold a majority.
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Spyker's purchase of Swedish manufacturer Saab late this afternoon will see the brand name continue, the Dutch sportscar maker confirmed late on Tuesday.
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General Motors today completed the sale of its Swedish Saab brand to Dutch luxury sports car maker Spyker Cars NV, marking the first successful sale of one of its four unwanted U.S. brands.
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India's Steel Strips Wheels said on Tuesday Renault had awarded it a contract to supply steel wheels for a new vehicle to be launched early in 2011.
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The chairman of the House Energy and Commerce Committee called on Toyota Motor Corp.'s leaders to start putting safety first and paying attention to consumer complaints. Rep.
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Supplier Federal-Mogul on Tuesday reported strong Q4 2009 profitability, with higher gross margin (16% vs 13.9% a year ago), improved net income of US$43m, or $0.43 per share (Q4 2008: $530m loss), and $251m record cash flow with increased sales of $1.41bn compared with Q4 2008's $1.32bn.
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Dutch luxury carmaker Spyker's protracted purchase of Saab from General Motors was finally completed late on Tuesday afternoon.
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GM has completed the sale of Saab to Dutch luxury sports car maker Spyker Cars, marking the first successful sale of one of its four unwanted U.S. brands.
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General Motors Co. today completed the sale of its Swedish Saab brand to Dutch luxury sports car maker Spyker Cars NV, marking the first successful sale of one of its four unwanted U.S. brands.
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