Toyota is shelling out some serious cash to avoid criminal prosecution for hiding information in a recall case that could be a glimpse into GM’s future
U.S. Justice Department is expected to announce a $1.2 billion settlement with the Japanese automaker over its disclosure of safety problems.
CEO Mary Barra apologized for deaths linked to the delayed recall of 1.6 million small cars, saying the company took too long to tell owners to bring the cars in for repairs.
Chrysler said it had more than 100 reports of problems, but no crashes or injuries.
Slow sales caused dealer inventories to rise in January and February, putting pressure on companies to clear their lots.
Plant that had been on closing list, gets billion dollar investment, important new product.
Chrysler is recalling more than 49,000 Dodge Charger muscle cars because a connector can overheat and knock out low-beam headlights.
Ford shows off its crash test center, as car companies pick up the pace of real world crash tests.
The documents apparently show that GM knew about a dangerous ignition problem that has been linked to 13 car-crash deaths, but didn’t act.
Company no longer seeking help from Canadian government. Will build next generation “people carrier” in Windsor.