Along the Road to a Greener America, an Awful Lot of Roadkill
The global financial crisis helped slam the brakes on clean-tech dreams from electric cars to solar panels, but the roots of green energy's mid-life crisis run far deeper.
The global financial crisis helped slam the brakes on clean-tech dreams from electric cars to solar panels, but the roots of green energy's mid-life crisis run far deeper.
Toyota's quarterly profit more than doubled in its latest quarter as cost cuts and better sales worked with a weakening yen to add momentum to the automaker's comeback.
Honda's fiscal fourth quarter profit rose nearly 6 percent as the Japanese automaker's recovery from floods in Thailand the previous year offset recent sales losses in China.
Toyota held onto its status as the world's top-selling automaker in the first quarter of this year, although the three-way race with GM and Volkswagen is proving tight.
Toyota will start building the Lexus ES 350 at a factory in Georgetown, Ky., starting in 2015, and add 750 jobs.
Toyota's global sales of gasoline-electric hybrid vehicles have surpassed 5 million in a milestone for a technology that was initially greeted with skepticism.
Four Japananese automakers recall more than 2 million vehicles worldwide for a problem with air bags that may burst, sending plastic pieces flying.
Automakers are expected to report Tuesday that U.S. car and truck sales hit their highest level in nearly six years in March.
Lexus topped the rankings in Consumer Reports's 2013 automotive brand report card. Detroit automakers didn't fare very well -- Cadillac's 14th place tie was the best for U.S. brand -- while Japanese automakers again dominated, taking eight of the top 10 spots.
Toyota has dethroned General Motors as the world's top-selling automaker. Though both companies' sales increased in 2012, Toyota bounced back from a manufacturing slowdown caused by Japan's 2011 earthquake to sell 9.7 million cars and trucks, while GM's sales rose just 2.9% to 9.29 million.
U.S. stocks fell Tuesday as traders awaited the start of the corporate earnings season. Market-watchers expect the quarter's results could include many surprises because of events like Superstorm Sandy, the presidential election, and the narrowly avoided "fiscal cliff."
Chrysler's U.S. sales jumped 21 percent last year, the carmaker's strongest performance since 2007. The company's sales growth, which outpaced the U.S. auto industry overall, was a strong sign that Americans were feeling more confident about the economy last year.
On top of Toyota's large-scale recall involving a potential fire hazard, the company is suffering from steep declines in one of its most important markets because of a political dispute. But things may not be as grim as they seem for the carmaker.
Toyota is recalling 7.5 million cars worldwide, and 2.5 million in the U.S., over a faulty door switch that could result in car fires. It's the automaker's largest recall since the sudden acceleration recalls in 2009 and 2010.














