Archive | Auto Industry News

NADA Launches '100 Trucks for Haiti' Campaign

McLEAN, Va. - Relief efforts for Haiti have ramped up following the creation of the Clinton Bush Haiti Fund. But delivery of food, water and medical supplies has been constrained by a lack of trucks to distribute supplies throughout the capital of Port-au-Prince and the ... Read More » Tags: ,

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Commerce Department Estimates 4Q 2009 GDP

WASHINGTON — The U.S. Commerce Department’s Bureau of Economic Analysis estimates that the gross domestic product (GDP) for the fourth quarter 2009 rose 5.7 percent at an annual rate. This is the second consecutive advance and the strongest increase since the third quarter of 2003. ... Read More » Tags:

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Edmunds.com Predicts January Sales Increase from Year Ago, Plummet for Toyota

SANTA MONICA, Calif. — Edmunds.com analysts predict that January's new-vehicle sales (including fleet sales) are expected to be 701,000 units, and that the seasonally adjusted annualized rate (SAAR) will be 10.7 million, down from 11.2 in December 2009. This sales forecast represents a 7.1 percent ... Read More » Tags: ,

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Embattled Toyota Supplier CTS Also Works with Honda, Others

WASHINGTON - The National Highway Traffic Safety Administration is investigating whether a Toyota Motor Corp. supplier has distributed faulty pedals to other manufacturers, reported The Detroit News. Toyota said late Wednesday that is working closely with Elkhart, Ind.-based CTS Inc. on a fix to the ... Read More » Tags: , ,

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Toyota Expands Recall to 1.1M

WASHINGTON - As Toyota Motor Corp. expanded by 1.1 million vehicles a recall related to accelerator pedals, details emerged about the unusual steps U.S. officials took to urge Toyota to quickly address escalating safety and quality concerns, reported The Detroit News. The expansion broadens Toyota's ... Read More » Tags: ,

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Ford Earns $2.7B in 2009; First Annual Profit in 4 Years

DEARBORN — Ford, the only U.S. automaker to avoid bankruptcy court, clawed its way to a $2.7 billion profit in 2009 and expects to stay in the black in 2010, reported The Associated Press. This is the automaker's first annual profit in four years. Ford's ... Read More » Tags: ,

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