Akio Toyoda, president of Toyota and grandson of the company’s founder, testified in front of the House Committee on Oversight and Reform as lawmakers continue to examine Toyota’s record recalls. During the proceedings Toyoda remarked:"My name is on every car." In the past, Toyoda said, the company’s priorities were safety and ...

Brand returns to high-profile race after 10-year hiatus.More than a decade after Jaguar was forced to quit Le Mans, the gruelling 24-hour race which had built the cult British company's racing car image, the prancing cat will be seen on the French racetrack again in June this year.Tata Motors, India’s ...

Billions of pounds could be knocked off the value of Toyota's brand, because of the slow way it has dealt with the crisis of faulty accelerator pedals in its cars, according to branding expertsThe company was ranked the world's eighth most valuable brand last year, in a study by Interbrand, ...

It took a massive recession to make it happen,but China eclipsed the U.S. in auto sales last year and is expected to have a strong 2010. Buoyed by government stimulus, Chinese consumers snatched up 10.3 million cars last year, while total vehicle sales are believed to have reached 13.6 ...

Japanese automaker Toyota Motor Corp. plans to launch a compact car for selling at less than 1 million yen in China, Brazil India, and in other countries starting in the first half of the next decade, the Nikkei business daily reported Thursday. The new vehicle, which will be developed jointly with ...

CHRYSLER: Access to compact vehicle technology     The automaker gets access to technology in the form of vehicle platforms, engines and transmissions from Europe's fuel-efficiency leader.In addition to three platforms for minicars, subcompacts and compacts, Fiat's family of 1.4-liter to 1.8-liter four-cylinder engines and its upcoming six-speed dual-clutch ...

The global auto industry is one of the manufacturing sectors hardest hit by the unprecedented financial and economic crisis. The Big Three U.S. automakers ? General Motors, Ford Motor and Chrysler ? have already been thrown into an uphill battle to keep afloat in the face of a credit pinch, ...

Hyundai Motor Co.'s Assurance Plus program, which allows buyers to return their vehicles without penalty, has largely been credited with preventing Hyundai's sales from cratering in the worst economic recession in at least two decades.While car and truck sales in the United States are off 39.4 percent so far ...

Depression-era conditions in the auto industry means lots of assets for sale. More brands may change hands than at any time since the late 1980s. Trouble is, nobody seems to have the interest - or the equity - to make a deal.Fiat got the closest thing to a free lunch ...

Italian carmaker Fiat said it is too small to survive alone, drawing attention to prospects of mergers in an industry battered by the economic crisis as Sweden reportedly mulled a rescue package for Volvo and Saab.Fiat's chief executive Sergio Marchionne was quoted as saying over the weekend that only six ...