US car sales jumped to a seven-month high in March led by a 41% surge at Toyota after the carmaker offered the steepest discounts in its history.
Toyota is preparing to recall its iconic Prius hybrid car to address more than 100 complaints about delayed braking.
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/ 5 February 2010
Ford said on Thursday it would fix up to 17 600 hybrid sedans that could suffer braking problems as Toyota grapples with a braking problem.
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/ 3 February 2010
Toyota sales dropped 16% in January as the carmaker reeled from a massive recall and rivals Ford and General Motors surged past it in the US market.
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/ 26 January 2010
After a catastrophic year for US carmakers, the head of the United Auto Workers union has emerged as one of the most powerful men in the industry.
Shares of Ford soared 16% on Monday after the company said it completed tender offers that will reduce its debt by 38%
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/ 16 February 2009
President Barack Obama has decided to form a government task force for restructuring the struggling US car industry instead of naming a ”car czar”.
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/ 11 February 2009
Glut expected on market as demand plummets for 2008’s must-have executive perk.
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/ 6 February 2009
The SA vehicle industry has approached the government for loans to help curb job losses as it struggles with a domestic and global economic downturn.
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/ 12 January 2009
China posted a sharp fall in 2008 car sales growth on Monday as makers worldwide grapple with slowing demand.
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/ 12 January 2009
Carmakers put on a brave face at the world’s biggest car show on Sunday, with the sales outlook bleak for the coming year.
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/ 19 December 2008
The United States government agreed on Friday to an emergency loan of $13,4-billion to ailing car makers.
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/ 17 December 2008
Despite a winning concept amid global climate concerns, Norwegian electric carmaker Think may see its dreams come to a screeching halt.
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/ 10 December 2008
The White House and congressional Democrats on Tuesday night reached an agreement in principle on a -billion proposal for bailing out US carmakers.
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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.
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/ 2 December 2008
SA new vehicle sales declined by 28,3% in November compared to the same month last year, in another sign that interest rates are taking their toll.
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/ 20 November 2008
Chances have dimmed that a last-minute plan being crafted to provide -billion to bail out US automakers would receive enough backing.
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/ 18 November 2008
US Senate Democrats took the first step towards bailing out the nation’s crippled auto industry on Monday by proposing a -billion loan programme.
Ford said on Thursday it has begun production of its new subcompact Fiesta at a plant in Germany.
Ford is hoping to persuade its American customers of the charms of modestly sized European vehicles such as the Fiesta, the Focus and the Transit van.
While more hybrid cars become available across the globe, there are no immediate plans to add to South Africa’s hybrid range, writes Dillon Davie
Fears are growing over a potential cash crisis at the United States’s top carmakers after Ford warned its losses are running into billions.
India’s truck and car maker Tata Motors announced on Monday it had completed its acquisition of Jaguar and Land Rover from ailing United States car maker Ford for $2,3-billion. The company said the deal includes the "ownership of Jaguar and Land Rover, all necessary intellectual property rights, manufacturing plants and two Britain-based advanced designing centres".
Three men have been arrested in connection with an Absa ATM bombing at Phagameng township in Modimolle on Wednesday, Limpopo police said. Spokesperson Superintendent Malesela Ledwaba said the men were caught after a massive search. ”We are still searching for two more men involved in the bombing.”
Fifteen potential sites for new ”eco-towns” across England have been published in a drive to tackle a national housing shortage while minimising damage to the environment. Each site would provide between 5 000 and 15 000 low carbon emission homes in the first new towns since the 1960s.
Sukasha Singh defends the 2008 South African Car of the Year competition-winning Mazda2 1,5-litre, and says that unlike the case with its competitors, with the Mazda2 you’re getting more in terms of features, a notable one being the Smart Start keyless entry.
Paintings and sculptures long stored away are finding a new audience as museums strive for mass appeal with high-tech websites packed with video, podcasts and interactive elements. Moreover, these institutions are finding that rather than diminishing the number of museum visits, the web is actually boosting in-person attendance.
India’s Tata Motors said on Wednesday it had bought British luxury icons Jaguar and Land Rover from struggling United States carmaker Ford for $2,3-billion as it expands its global reach. The all-cash deal is part of Tata’s efforts to grow outside Asia, but analysts have questioned how the Indian firm will absorb the two high-end marques into its operations.
Thousands of workers at Jaguar and Land Rover plants are expected to be told on Wednesday that the marques have been sold to the Indian conglomerate Tata. It is understood that a deal between Tata and Ford over the sale of two of the best known names in British car making was concluded on Tuesday night.
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/ 21 February 2008
The British media are under the spotlight, accused of encouraging a flurry of apparent suicides by impressionable teenagers in and around the small town of Bridgend in the south Wales valleys. In little more than a year, 17 young people have been found dead, 16 of them hanged.
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/ 13 February 2008
Three forms of technical evidence submitted to the Johannesburg High Court on Wednesday fingered some of the accused in the Jeppestown ”massacre”. Two of them were linked through fingerprints to cars parked at the scene of the crime. DNA samples from clothes were linked to the blood of another accused.