Archive | Auto Industry News

Volkswagen Aims to Sell More Than 10 Million Cars by 2018

Volkswagen AG, Europe’s largest carmaker, said it plans to increase sales to more than 10 million vehicles by 2018 as it seeks to dethrone Japan’s Toyota Motor Corp., reported Bloomberg.com. VW’s management board approved business targets, including profit margins, measured by earnings before interest and ... Read More » Tags: ,

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Toyota Sees Sales Hit from Massive Recalls

NAGOYA, Japan – Toyota Motor Corp., reeling from massive recalls on three continents, may have trouble meeting its 2010 sales target because of quality problems, a top executive told Automotive News Europe. Shinichi Sasaki, vice president in charge of quality, said it was still unclear ... Read More » Tags: ,

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GM's Plan to Sell Hummer to Chinese Company Delayed

General Motors' plan to sell the hulking, once-hot Hummer line to a Chinese heavy equipment maker has been delayed by a month, officials told The Associated Press. General Motors Co. and Sichuan Tengzhong Heavy Industrial Machinery Corp. said they are extending the deadline to complete ... Read More » Tags:

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Toyota Seeks 100% Response to Recall

LOS ANGELES - Toyota Motor Corp., spurred by criticism that previous recalls failed to prompt enough owners to seek fixes, hopes to distribute mailings this week to the 2.3 million owners targeted in a January recall, reported Automotive News. Toyota says it will be vigilant ... Read More » Tags: ,

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U.S. Sees 'No Reason' to Challenge Toyota Fix

WASHINGTON - The Obama administration is satisfied with a plan by Toyota Motor Corp. to address a massive recall by fixing or replacing defective accelerator pedals, according to a statement from the U.S. Transportation Department reported by Automotive News. The National Highway Traffic Safety Administration ... Read More » Tags: , ,

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Toyota's 'Small Glitch' is Now an Escalating Emergency

TOKYO - Long before the high-profile deaths, the lawsuits, the record recalls and the government reprimands, engineers at Toyota Motor Corp. began noticing red flags, reported Automotive News. What they were on to eventually would explode into the company's worst-ever quality crisis. It was March ... Read More » Tags: ,

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