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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.
A document claiming Toyota saved $100m by convincing regulators to agree to a cheap fix for acceleration problems has raised pressure on Akio Toyoda.
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>.
Chrysler said on Wednesday that it would halt factory operations for at least a month, putting new pressure on the Bush administration.
The White House voiced concern about a Democratic plan on Monday to bail out stricken automakers with up to -billion in loans.
The US Senate was due to reconvene on Monday as congressional negotiators sought to draft legislation to bail out the US car industry.
The CEOs of General Motors and Chrysler said they would consider restarting merger talks if needed to win their slice of up to -billion in aid.
Chances have dimmed that a last-minute plan being crafted to provide -billion to bail out US automakers would receive enough backing.
US Senate Democrats took the first step towards bailing out the nation’s crippled auto industry on Monday by proposing a -billion loan programme.
American Airlines has cancelled about 570 flights scheduled for Friday, raising to more than 3 000 the number this week it has grounded to reinspect the wiring on its MD-80 fleet…
