japanese automakers

Can Toyota Catch Up to Detroit?

Somebody forgot to tell the automakers that the economy is going downhill: Auto sales in September were up 10% over last year's numbers, with all of Detroit's Big Three posting solid gains. Imports, however, did not fare as well. Can Toyota, once unstoppable, win back its former primacy, post-tsunami and accelerator debacle?

Toyota Chief Breaks Silence, Apologizes for Recalls

Toyota President Akio Toyoda finally breaks his silence as the Japanese automaker struggles with massive recalls and serious damage to its reputation. At a Friday news conference, Toyoda apologized to customers for recalls involving some of its most popular models.

U.S. Opens Inquiry into Prius Braking Problems

The National Highway Traffic Safety Administration says it will look into reports that some Toyota Prius models suffer from momentary loss of braking power when encountering uneven road surfaces. The agency said it has received 124 complaints from consumers, including four involving crashes.

Toyota Admits Prius Brake Problems

Overshadowing a profit report for its fiscal third quarter, a Toyota official says "We are investigating whether there are defects in the Prius." The quarterly report covers a period before the gas-pedal recall and others, so the profit is likely to be short-lived as Toyota scrambles to make repairs and rebuild its reputation.