One year after Detroit automakers trekked to Washington to plead for help, the challenges they must overcome to secure their futures loom as large as those that carried them to Capitol Hill.
Toyota Motor Corp. will reconfigure the accelerator pedal on 3.8 million vehicles that it is recalling to address a risk of sudden acceleration when loose or ill-fitting mats entrap the pedal, the National Highway Traffic Safety Administration said today.
General Motors Co.'s efforts to sell its cast-off brands took another hit Tuesday when the intended buyer of Saab terminated the deal -- a decision that could spell the end of the sporty Swedish line.
Dearborn --Ford Motor Co. on Tuesday announced a new alliance with the University of Detroit Mercy that is aimed at retraining traditional engineers to work on a new generation of electric and hybrid-electric cars and trucks.
Washington -- Toyota Motor Corp. said Tuesday it will recall 110,000 older Toyota Tundra pickups in cold weather states, as federal officials urged motorists to remove spare tires due to excessive corrosion.
The American auto market was one of the hardest hit by the global downturn -- and foreign automakers that relied on U.S. sales were sucked into the slump. Others benefited, however, from the near-collapse of two of Detroit's Big Three.
Like the rest of the auto industry, Ford sales plummeted worldwide. But the Dearborn automaker also scored major points with American consumers by foregoing a federal bailout and avoiding bankruptcy.
Chrysler Group LLC survived bankruptcy but the success of its strategy now hinges on convincing consumers to buy its cars and trucks in the critical next 12 months.
A year after pleading for taxpayer money to stay afloat, General Motors Co. is showing signs of a turnaround made possible by $50 billion in federal loans.
