Considering the fact that Toyota executives including CEO Akio Toyoda are currently being peppered with questions from Congress about recalls and safety issues, it seems especially ironic that Consumer Reports just named the Lexus LS 460L as their Best Car Overall for 2010 as part of their annual Top Picks list.
Granted, the Lexus line has [...]
The 2010 Detroit Auto Show may have ended a week ago, but the announcements made there will continue to have impact throughout the coming months.
One such story, involves Nissan Motor Co.’s plan to build small cars, with matching small pricetags, in Mexico. The company is currently developing two cars for sale in the [...]
Automotive News is reporting on the latest snafu with the retail auto industry: an arbitration process for dealers to be reinstated. On the surface it sounds like a great idea – after all, there were hundreds of car dealerships forced to close as the automakers that supplied them declared bankruptcy.
The problem is that – [...]
As reported in Automotive News Fiat S.p.A. is the first of the major European automakers to post their Q4 results for 2009.
Apparently, December was a great month for car sales, because Fiat, which owns 20% of Chrysler Group had a trading profit of 488 million euros ($690 million) in the last quarter of 2009. [...]
With many major automakers declaring bankruptcy, thousands of car dealers closing their doors, and some brands ceasing production entirely, it can safely be said that, from the auto industry’s perspective, 2009 was a horrible year to sell cars. In fact, by the end of the year only about 10.4 million new cars had been sold [...]
