Report: Daimler dumping stake in Tata Motors
Automotive News reports that Daimler is looking to raise money to rebuild its business in developed regions by selling its 25.6 million shares of Tata Motors stock.
Automotive News reports that Daimler is looking to raise money to rebuild its business in developed regions by selling its 25.6 million shares of Tata Motors stock.
Toyota owners claiming that massive safety recalls are causing the value of their vehicles to plummet have filed at least 89 class-action lawsuits that could cost the Japanese auto giant $3 billion or more, according to an Associated Press review of cases, legal precedent and interviews with experts.
Toyota reportedly says 2004-09 Priuses will be recalled to prevent pedal entrapment.
Matthew Schwall of the engineering firm Exponent holds a code reader to show that no trouble codes were set after he demonstrated that the engine of a BMW could be electronically commanded to run at wide-open throttle.
Just when they thought they had begun to put the recall issues behind them and they were starting to move forward, Toyota A is facing more complaints.
A 27-year-old woman in Michigan is in stable condition after being rescued by two men who pushed a car off her after an accident, Detroit television station WDIV reported .
Acura announced today the debut of the all-new 2011 TSX Sport Wagon in April, at the 2010 New York International Auto Show.
When we saw the original report, we postulated that the condition Gilbert produced may not be representative of a scenario that can actually happen in the real world , and judging by Toyota's findings, we were right.
"It's ironic that the United States was the most vocal in saying they didn't want the car, but the CR-Z still made its world debut at the Detroit motor show," - Honda CR-Z 's chief engineer Tetsuo Iwamura.
The 2011 Volkswagen Touareg is shown on the streets of Florence, Italy. The hybrid model--a first for VW--packs 380 hp.