Toyota Motor Corp. said Wednesday it’s recalling 6.39 million vehicles globally for various safety defects.
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.
Slow sales caused dealer inventories to rise in January and February, putting pressure on companies to clear their lots.
The race to increase vehicle fuel economy is taking a toll on quality.
Officials say the fabric in the heated seats doesn’t meet flammability standards.
U.S. safety regulators are investigating complaints that power-assisted brakes can fail at times in Camry gas-electric hybrids.
The December holiday season normally is a good time to buy as dealers clear out old models and sales people feel pressure to meet year-end targets.
So far this year, sales of the versatile, high-sitting hatchbacks such as the Honda CR-V, Ford Escape and Toyota RAV4 are up more than 20 percent.
Chrysler sales jump 11 percent. Company expects October annual sales rate of 15.7 million.