Yahoo! Canada Finance: Auto Manufacturers Industry News

2011 Ford Mustang GT Leads Class With 26 mpg Highway, 412 Horsepower

Tue, 16 Mar 2010 04:01:09 GMT

PRNewswire -

Toyota says tests don't back up story of man who claimed Prius sped out of control

Tue, 16 Mar 2010 02:38:00 GMT

The Canadian Press - SAN DIEGO - Toyota Motor Corp. dismissed the story of a man who claimed his Prius sped out of control on the California freeway, saying Monday that its own tests found the car's gas pedal and backup safety system were working just fine.

Toyota casts doubt on "runaway" Prius claim

Tue, 16 Mar 2010 01:22:00 GMT

Reuters - WASHINGTON/SAN DIEGO (Reuters) - Toyota Motor Corp said on Monday it had found no evidence to support the driver's account of a widely publicized "runaway" Prius incident in California that overshadowed the company's attempts to restart sales after a punishing series of recalls.

Some Toyota drivers sue in U.S., want full refund after safety recall

Tue, 16 Mar 2010 01:03:00 GMT

The Canadian Press - MIAMI - A group of Toyota owners sued the Japanese automaker Monday, demanding a full refund for their recalled cars and seeking a payout that could exceed several billion dollars.

Fuels and Lubricants to Be Critical to Race Strategies in the 2010 Grand Prix Season, According to Vodafone McLaren Mercedes

Mon, 15 Mar 2010 23:01:31 GMT

Business Wire - ExxonMobil, Technology Partner to the Vodafone McLaren Mercedes team since 1995, has introduced an innovative new lubricant and fuels package for use in the Mercedes-Benz FO 108X engines of the 2010 Vodafone McLaren Mercedes MP4-25 cars.

Ford Extended Service Plan (ESP) Selects Ristken Software Services as Finance and Insurance Menu and Reporting Provider for Automotive Dealerships

Mon, 15 Mar 2010 22:23:22 GMT

PRNewswire - Ford Extended Service Plan (ESP) has chosen Ristken Software Services as their partner to launch their ESP Profitlink Menu (F&I menu selling system) and ESP Profitlink Reporting (F&I reporting system).

Toyota says no evidence "runaway" Prius happened

Mon, 15 Mar 2010 21:38:00 GMT

Reuters - SAN DIEGO (Reuters) - Toyota Motor Corp said on Monday it had found no evidence to support the driver's version of a widely publicized "runaway" Prius episode a week ago, suggesting that authorities examine whether the incident happened as reported to police.

Toyota cites 'inconsistencies' in story of runaway Prius

Mon, 15 Mar 2010 21:00:00 GMT

AFP - LOS ANGELES (AFP) - Toyota cited "inconsistencies" Monday in the story of a man who called police for help saying his Prius vehicle was speeding uncontrollably down a California highway.

Toyota, UAW reach tentative agreement on terms to shut down California joint venture plant

Mon, 15 Mar 2010 20:29:00 GMT

The Canadian Press - FREMONT, Calif. - The United Auto Workers and Toyota have agreed on terms to shut down a joint venture plant in California the Japanese carmaker operated for more than two decades with General Motors.

Toyota casts doubt on driver's account of runaway Prius

Mon, 15 Mar 2010 20:24:00 GMT

The Canadian Press - SAN DIEGO - Toyota cast doubt Monday on a California man's claim that his Prius sped out of control, saying the report is inconsistent with the findings of the company's preliminary investigation.

Toyota, Nissan others set up Japan group to promote electric vehicles, charging standard

Mon, 15 Mar 2010 19:02:00 GMT

The Canadian Press - TOKYO - Toyota and three other Japanese automakers together with a power company have set up a group to promote electric vehicles by standardizing recharging machines and marketing the technology abroad.

Fiat to handle Chrysler sales and servicing in Europe from April

Mon, 15 Mar 2010 18:52:00 GMT

The Canadian Press - MILAN, Italy - Fiat and Chrysler, which joined in an alliance last year, have taken another step toward tighter integration.

Investigators say no explanation yet for Calif. Prius claim

Mon, 15 Mar 2010 18:05:00 GMT

Reuters - WASHINGTON (Reuters) - Safety investigators have found no evidence so far to support or disprove a California motorist's claim that his Toyota Motor Corp Prius sped out of control on its own, and cautioned that the case may never be explained, U.S. regulators said on Monday.

Spring Forward with Chrysler Group LLC's New and Improved Certified Pre-owned Vehicle Program

Mon, 15 Mar 2010 18:00:17 GMT

PRNewswire -

Smart Throttle Technologies Announces the Availability of The Decelerator, an Affordable Answer for the Current Sudden Unintended Acceleration Problem

Mon, 15 Mar 2010 16:39:35 GMT

Business Wire - Smart Throttle Technologies today announced a real solution to an endemic problem in the auto industry concerning computer-controlled acceleration and resulting Sudden Unintended Acceleration (SUA).

US government finds no problems with runaway Prius

Mon, 15 Mar 2010 15:20:00 GMT

AFP - CHICAGO (AFP) - US safety regulators said Monday they were unable to find any problems with a Toyota Prius that could explain why it reportedly sped uncontrollably down a California highway last week.

Merriman Curhan Ford Acted as Sole Placement Agent in Acorn Energy, Inc.' s $12.3 Million Registered Direct Offering

Mon, 15 Mar 2010 13:02:10 GMT

PRNewswire - Merriman Curhan Ford (Nasdaq: MERR) acted as sole placement agent in Acorn Energy, Inc.'s (Nasdaq: ACFN) $12.3 million registered direct offering of 2,231,818 shares of common stock to certain accredited investors at $5.50 per share.

Former Chairman and CEO of General Motors Joins Genesis

Mon, 15 Mar 2010 12:30:55 GMT

PRNewswire - Genesis Fluid Solutions Holdings, Inc. (OTC Bulletin Board: GSFL) today announced Robert C.

Congressional memo: Gov't, Toyota tests on runaway Prius fail to replicate San Diego incident

Sun, 14 Mar 2010 19:30:00 GMT

The Canadian Press - SAN DIEGO - Investigators with Toyota Motor Corp. and the U.S. government could not replicate the runaway speeding reported by a Prius owner who said his car's accelerator got stuck as he drove on a California freeway, according to a memo for a congressional panel.

Toyota says RAV4s being offered by Tim Hortons are OK after recall

Sat, 13 Mar 2010 18:20:00 GMT

The Canadian Press - MONTREAL - Java junkies who win a Toyota RAV4 in the latest Tim Hortons roll-up-the-rim contest shouldn't have to worry about the 2010 Toyotas r-r-rolling out of control down the highway.

Tim Hortons' first prize RAV4s OK after recall for sticking accelerators:Toyota

Sat, 13 Mar 2010 16:50:00 GMT

The Canadian Press - MONTREAL - Toyota Canada wants anyone who wins a RAV4 in this year's Tim Hortons roll-up the-rim contest not to worry about sticking accelerator models.

California sues Toyota for hiding defects

Sat, 13 Mar 2010 10:15:00 GMT

AFP - LOS ANGELES (AFP) - A California prosecutor has filed a civil lawsuit against Toyota, accusing the Japanese carmaker of intentionally hiding deadly defects from consumers.

Investigators face several pesky questions in probe of runaway Toyota Prius

Sat, 13 Mar 2010 03:43:00 GMT

The Canadian Press - SAN DIEGO - Investigators are confronted with a series of nagging questions as they try to unravel the case of a California real estate agent who said his Toyota Prius turned into a runaway death trap after the gas pedal became stuck.

Orange County, California, sues Toyota over vehicle defects on behalf of consumers

Sat, 13 Mar 2010 02:19:00 GMT

The Canadian Press - SANTA ANA, Calif. - Prosecutors in Orange County, California have filed a lawsuit against Toyota Motor Corp., accusing the automaker of knowingly selling hundreds of thousands of vehicles with acceleration defects.

Zacks Analyst Blog Highlights: Ford, General Electric, Siemens, China Mobile and Claymore China Small-Cap ETF

Fri, 12 Mar 2010 22:00:50 GMT

Business Wire - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets.

California prosecutor sues Toyota for hiding defects

Fri, 12 Mar 2010 21:58:00 GMT

AFP - LOS ANGELES (AFP) - A California prosecutor filed a civil lawsuit against Toyota Friday accusing the Japanese automaker of intentionally hiding deadly defects from consumers.

Fitch Affirms Honda Auto Receivables 2007-1 Owner Trust

Fri, 12 Mar 2010 21:02:33 GMT

Business Wire - Fitch Ratings affirms Honda Auto Receivables 2007-1 Owner Trust asset-backed notes as follows:

Fitch Affirms 5 Classes of Ford Credit Auto Owner Trust 2009-A

Fri, 12 Mar 2010 19:29:22 GMT

Business Wire - Fitch Ratings has affirmed five classes of notes issued by Ford Credit Auto Owner Trust 2009-A as part of its ongoing surveillance process.

Fitch Affirms 2 DaimlerChrysler Auto Trust Transactions

Fri, 12 Mar 2010 18:53:36 GMT

Business Wire - Fitch Ratings affirms two DaimlerChrysler Auto Trust (DCAT) transactions.

Fitch Affirms Nissan Auto Receivables Owner Trust 2009-A

Fri, 12 Mar 2010 18:50:24 GMT

Business Wire - Fitch Ratings affirms Nissan Auto Receivables Owner Trust 2009-A as part of its on going surveillance process.

All-New Ford Police Interceptor Purpose-Built to Lead Market, Support Those Who Serve, Protect

Fri, 12 Mar 2010 17:00:09 GMT

PRNewswire -

Haldex Secures Order For All-Wheel Drive System To Volvo Car Corporation

Fri, 12 Mar 2010 15:06:23 GMT

Business Wire - Regulatory News:

Federal-Mogul Named 2009 General Motors Supplier of the Year

Fri, 12 Mar 2010 13:00:37 GMT

PRNewswire - Federal-Mogul Corporation (Nasdaq: FDML) has received the prestigious 2009 Supplier of the Year Award from General Motors, in recognition of its performance in engine piston products.

Hyundai chairman's son gets seat on the board

Fri, 12 Mar 2010 07:00:00 GMT

AFP - SEOUL (AFP) - The only son of Hyundai Motor chairman Chung Mong-Koo was Friday appointed to the board of South Korea's top carmaker, fuelling speculation he is being groomed to succeed his 71-year-old father.

Mitsubishi Electric Announces Donation to Assist Victims of Chile Earthquake

Fri, 12 Mar 2010 04:52:32 GMT

Business Wire - Mitsubishi Electric Corporation (TOKYO:6503) announced today that Mitsubishi Electric Group companies will donate a total of 5 million yen to aid and support victims affected by the earthquake that struck Chile on February 27, 2010.

MPs accuse Transport Canada of inaction over Toyota safety concerns

Fri, 12 Mar 2010 00:22:00 GMT

The Canadian Press - OTTAWA - Transport Canada came under fire from MPs on Thursday over its handling of safety concerns with Toyota vehicles after disclosing that authorities had received 17 acceleration-related complaints before last fall's recall.

Fitch Rates Chrysler Financial Lease Trust 2010-A

Thu, 11 Mar 2010 22:06:33 GMT

Business Wire - Fitch Ratings assigns the following ratings to Chrysler Financial Lease Trust 2010-A:

New Q & A Research Survey Shows Toyota Image Hard Hit by Recent Recall

Thu, 11 Mar 2010 20:53:24 GMT

Business Wire - Nearly 4 in 10 Americans (38%) have a more negative opinion of Toyota in the aftermath of their now widely-publicized recall announcement, according to a national survey conducted by San Francisco Bay Area’s Q & A Research, Inc.

New York, Florida and Minnesota Families File Suit Against Toyota For Deaths Of Loved Ones In Sudden Acceleration Accidents

Thu, 11 Mar 2010 20:03:28 GMT

Business Wire - Robert J. Nelson of the national plaintiffs’ law firm Lieff Cabraser Heimann &...

Lawmakers to probe government safety agency's handling of Toyota recalls, auto industry

Thu, 11 Mar 2010 19:56:00 GMT

The Canadian Press - WASHINGTON - The U.S. government may require automakers to include brake systems that can override the gas pedal in response to Toyota's massive recalls, auto safety officials told Congress on Thursday.

Toyota Incentives Trigger Bounce in Industry Sales, According to Edmunds.com

Thu, 11 Mar 2010 18:41:27 GMT

Business Wire - Edmunds.com, the premier online resource for automotive information, has evaluated early March car sales and determined that so far this month, sales industrywide are stronger than they’ve been in nearly a year.

Toyota Signs New Three-Year Deal With AFC Champion Indianapolis Colts

Thu, 11 Mar 2010 18:31:01 GMT

PRNewswire - After a successful one-year partnership this past football season, the AFC champion Indianapolis Colts and Toyota have signed a new three-year contract which maintains the automaker's status as "Official Vehicle of the Indianapolis Colts."

Figures show Audi surging over other VW brands

Thu, 11 Mar 2010 18:00:00 GMT

AFP - FRANKFURT (AFP) - Volkswagen's luxury brand Audi is racing ahead of VW's other makes and generated more than 85 percent of total operating profit in 2009, according to group figures released on Thursday.

Merriman Curhan Ford Announces Sponsorship of Pink OTC Markets Inc. on OTCQX

Thu, 11 Mar 2010 17:30:44 GMT

PRNewswire - Merriman Curhan Ford (Nasdaq: MERR) today announced that it will serve as the Designated Advisor for Disclosure (DAD) for Pink OTC Markets Inc. as it lists on OTCQXÂ®.

Nissan Announces Senior Management Changes at Nissan Design Americas and Nissan Design Europe

Thu, 11 Mar 2010 15:00:06 GMT

PRNewswire - Nissan today announced changes in leadership at Nissan Design America and Nissan Design Europe.

Kraft Foods To Replace U.S. Sales Fleet With Ford Vehicles for Efficiency, Quality

Thu, 11 Mar 2010 14:43:49 GMT

PRNewswire -

BorgWarner eGearDrive(TM) Transmission Propels 2011 Ford Transit Connect Electric

Thu, 11 Mar 2010 13:30:19 GMT

PRNewswire - BorgWarner's 31-03 eGearDrive(TM) transmission will propel the 2011 Transit Connect Electric, Ford's first all-electric production vehicle based on the global Transit Connect, the 2010 North American Truck of the Year.

BMW posts 36.5% drop in 2009 profit

Thu, 11 Mar 2010 12:47:00 GMT

AFP - FRANKFURT (AFP) - BMW, the world's leading luxury car maker by sales, on Thursday reported a sharp drop in 2009 profit but said deliveries would pick-up this year.

Toyota subsidiary Daihatsu recalls around 275,000 cars in Japan

Thu, 11 Mar 2010 11:04:00 GMT

The Canadian Press - TOKYO - Daihatsu Motor, a subsidiary of Toyota, said Thursday it will recall around 275,000 vehicles in Japan due to faulty brake lamps and loose bolts in the suspension system.

BMW posts 36.4% drop in 2009 profit

Thu, 11 Mar 2010 10:52:00 GMT

AFP - FRANKFURT (AFP) - German luxury car maker BMW on Thursday reported a 36.4 percent drop in 2009 net profit but also issued an upbeat 2010 forecast.

Lawmakers to probe govt US agency's handling of Toyota recalls, auto industry

Thu, 11 Mar 2010 07:38:00 GMT

The Canadian Press - WASHINGTON - Toyota's massive recalls are bringing new scrutiny to the U.S. government's safety agency, prompting Congress to look at how federal safety officials have lived up to their mission of protecting motorists.

Toyota subsidiary Daihatsu recalls 275,000 vehicles

Thu, 11 Mar 2010 07:24:00 GMT

AFP - TOKYO (AFP) - Daihatsu Motor Co., a subsidiary of embattled Toyota, said Thursday it was recalling almost 275,000 vehicles due to possible defects, the latest in a raft of problems hitting Japanese carmakers.

Toyota hands over 2006 dissident memo to U.S. panel

Thu, 11 Mar 2010 06:50:00 GMT

Reuters - TOKYO (Reuters) - Toyota Motor said on Thursday it has handed over to a U.S. congressional committee a letter sent to its management by a splinter union in 2006 seeking reforms to improve safety after a recall crisis at the time.

Mitsubishi Electric Develops New Optical Transmission Devices for Next Generation 100 Gb Ethernet Applications

Thu, 11 Mar 2010 02:00:35 GMT

Business Wire - Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has developed transmission devices featuring the world's top-level characteristics for super high-speed, 100 Gb Ethernet applications that multiplex four wavelength channels of 25 Gbps-speed optical signals in parallel.

Merriman Curhan Ford Reports NASDAQ Notice Regarding Maintenance of Minimum Bid Price

Wed, 10 Mar 2010 22:00:21 GMT

PRNewswire - Merriman Curhan Ford Group, Inc. (Nasdaq: MERR) today announced that it was notified by the NASDAQ Stock Market on March 4, 2010 it is not currently in compliance with NASDAQ listing rules, which require listed securities to maintain a minimum bid price of $1.00 per share.