Toyota has agreed to pay the maximum fine of $32,4-million related to two US probes into its handling of a spate vehicle recalls.
Toyota said on Monday it had found no evidence to support the driver’s account of a widely publicised "runaway" Prius incident in California.
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/ 22 February 2010
A document claiming Toyota saved $100m by convincing regulators to agree to a cheap fix for acceleration problems has raised pressure on Akio Toyoda.
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/ 13 February 2010
Toyota has told Congress that it does not believe there are any problems with electronic throttle control systems in its Toyota and Lexus models.
General Motors will file for bankruptcy on Monday, forcing the 100-year-old carmaker into a new and uncertain era of government ownership.
The Obama administration seized the wheel of the failing United States car industry on Monday, forcing out General Motors’s CEO.
<em>M&G</em>’s editor-in-chief Ferial Haffajee will be leaving the paper to take up the position of editor-in-chief of <em>City Press</em>.
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/ 18 December 2008
Chrysler said on Wednesday that it would halt factory operations for at least a month, putting new pressure on the Bush administration.
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/ 9 December 2008
The White House voiced concern about a Democratic plan on Monday to bail out stricken automakers with up to -billion in loans.
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/ 8 December 2008
The US Senate was due to reconvene on Monday as congressional negotiators sought to draft legislation to bail out the US car industry.