Business News You Need Today: Aug. 24, 2010
Business News You Need Today: Aug. 24, 2010
Have your calculator and utility bill handy if you're keen on buying a Chevy Volt (or Nissan LEAF) and want to compare fuel costs between electric and gasoline cars. The EPA is still grappling with how to provide consumers with ratings comparable to the familiar MPG labels.
easyJet claims that its flights are a greener way to travel than motoring solo in a Toyota Prius. Really.
Specifically, it says its flights emit ...
GM has finally put a sticker price on its much anticipated plug-in electric hybrid. Granted, a hefty federal tax credit will defray the cost, but the Volt carries a premium price. GM's challenge now is convincing consumers the Volt is worth it.
Toyota, maker of the popular Prius hybrid, is preparing to move into other alternative-fuel technologies such as hydrogen fuel-cells and biofuels. Its recent large investment in Tesla Motors is just the first such partnership the world's largest automaker is pursuing.
After a series of recalls, Toyota is attracting fewer car owners who drive other brands, despite generous incentives and a massive media campaign to address concerns about quality. Nearly half of all new cars sold at Toyota dealerships this year included a Toyota trade-in, up from 42% in 2009.
Congress continues to press Toyota about what it knew when regarding unintended acceleration problems in its vehicles. Lawmakers are now seeking more information about the brake override feature that the automaker has begun installing on new cars and trucks to prevent the malfunctions.
Toyota's Prius was the No.1 selling car in Japan for the 11th month in a row.
Driver error, and not a stuck gas pedal, caused a 2005 Toyota Prius hybrid sedan to strike a stone wall in suburban New York this month, local investigators said Monday. Information gathered from the vehicle's "black box" led police to the conclusion.
The driver of a runaway Prius in northern New York didn't apply the brakes, according to a statement released Thursday by the National Highway Traffic Safety Administration. Instead, the "throttle was fully open."
The president of Toyota, Akio Toyoda, apologized late Monday for the problems created by recalling 9 million cars worldwide.
Writing on his...
Toyota says James Sikes' story of unintended acceleration on a San Diego freeway last week is 'inconsistent' with its preliminary analysis, which found the accelerator pedal operates normally. An NHTSA attempt to replicate the incident was also unsuccessful.
Toyota is not having a good month, to put it mildly. With the recall of 9 million cars worldwide, and the call from Washington lawmakers for the...
Already besieged by two recalls this year, Toyota Motor (TM) said Tuesday it is recalling 7,300 of its 2010 Camry sedans for possible braking...
Embattled automaker Toyota has told its dealers that it's readying a fix for problems with the brake system of its Prius hybrid sedan. The Japanese carmaker also told dealers it's planning a public-relations campaign to deal with the fallout from the problems with its vehicles.
Toyota has told dealers it's preparing a plan to repair the brakes on thousands of hybrid Prius cars in the U.S., with more details to come soon. More than 100 drivers of 2010 Prius cars have complained that their brakes seemed to fail momentarily when they were driving on bumpy roads.
Beleaguered by complaints, Toyota is set to recall its popular Prius hybrid cars over brake problems, according to reports today.
The car giant is...
Toyota faced mounting pressure Thursday as the government opened a probe of brake problems with the Prius, a crown jewel of its lineup. The...
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 released earnings for its third quarter ending Dec. 31 and said it posted a profit for the period.
Toyota is accelerating payments to its 1,200 U.S. dealers for their efforts to help soothe rattled owners of some 2.3 million Toyota cars that have been recalled for unintended acceleration. The company's U.S. sales division will provide payments of $7,500 to $75,000 to help reimburse retailers for extended hours, car washes and other services.
Though the Transportation chief quickly backed down from his initial advice that owners of recalled cars "stop driving" them, Toyota can only chalk this up as one more disaster. Still, it's scrambling to get cars fixed and will have plenty of explaining to do when it reports earnings this week.
In another blow to the No. 1 car company, Toyota has been ordered to look into potential brake defects on the latest version of its hybrid Prius, one of its best-selling cars.
Toyota said Tuesday it was suspending U.S. sales of eight recalled vehicle models to fix accelerator pedals that stick, the latest quality problem to...
Two cleantech start-ups, biofuel maker Codexis and solar-energy firm Solyndra, recently filed for IPOs, and others are rumored to be contemplating them, among them sexy electric car company Tesla Motors and smart grid integrated-technology maker Silver Spring Networks.
My friend has a Tesla Roadster. For those who are unfamiliar with Tesla Motors, the Roadster is the Ferrari of the electric-vehicle world, a...