Toyota’s recent recall issues may cost the company an estimated $2 billion. Along with the company’s third quarter report, Toyota estimated the costs of the global recall at 180 billion yen (US$2 billion), including 100 billion yen (US$1.1 billion) for repair costs and another 70-80 billion yen ($787-899 million) in lost sales. Toyota predicts a… Continue Reading...
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Finally some good news for Toyota. At least, for the time being. Toyota announced a profit of 153.2 billion yen (US$1.7 billion) in the third quarter ending Dec. 31, 2009. That’s an increase from the 164.7 billion yen (US$1.8 billion) loss over the same quarter in 2008. Vehicle sales reached 2.07 million units over the… Continue Reading...
Jim Lentz, Toytoa president of U.S. sales, denied his company is covering up problems related to unintended acceleration. On a media blitz to contain the damage after a nine million vehicle recall, Lentz denied Toyota was hiding anything after government documents revealed the company first received reports of “runaway Toyotas” in March 2007. “There is… Continue Reading...
Your company is going through a PR nightmare with nine million vehicles being recalled, worldwide. The government is investigating whether the issue is worse than you claim. Apple co-founder Steve Wozniak is on your tail. Consumer confidence in your product is waning. What do you do if you’re Toyota President and CEO Akio Toyoda? Offer… Continue Reading...
Toyota has offered to test Apple co-founder Steve Wozniak’s Prius after he claimed the vehicle’s electronics can cause it accelerate unintentionally. Wozniak’s claims made headlines when he claimed his 2010 Prius’ accelerator “goes wild” under certain conditions. He says he can repeat the acceleration issue and suspected the Prius’ software as the culprit. Toyota has… Continue Reading...
Buick has announced pricing for its 2011 Regal. The Regal will first be available some time in the second quarter 2010 with a 2.4L engine with a sticker price of $26,995. A turbo-charged 2.0L version will come in the late summer at $29,495. The Regal will initially offered only in the premium CXL trim, with… Continue Reading...
It hasn’t been a good week for BMW when it comes to keeping a lid on things. Yesterday, pictures of BMW-owned MINI’s new Countryman crossover were leaked onto the Internet. And now, images of the 2011 BMW 335is have also surfaced on the Interwebs. In the case of the Countryman, MINI responded by officially releasing… Continue Reading...
General Motors’ vice chairman of global product operations is so strong a believer in his company’s product he’s willing to prove it in a tug-of-war between the GMC Heavy Duty and the Ford F-Series Super Duty. Vice Chairman Tom Stephens made the bold statement in an interview with PickupTrucks.com about the new Duramax engines powering… Continue Reading...
A day after pictures of its new crossover were leaked out to the web, MINI has officially released details and photographs of the 2011 MINI Countryman. Originally scheduled to be unveiled at next month’s Geneva Auto Show, the Countryman was originally supposed appear at the 2009 Frankfurt Auto Show but was unfortunately delayed. It is… Continue Reading...
Hyundai’s Hope on Wheels program donated $50,000 to the Detroit Medical Center Children’s Hopsital of Michigan. The Hyundai Hope on Wheels Tour traveled across the nation and raised more than $1.3 million for pediatric cancer research, and the DMC Children’s Hospital as the final stop. The $50,000 donation will fund research by the hospital’s pediactric… Continue Reading...
Kia displayed one of its two race-prepped Forte Koups entered in the 2010 GRAND-AM Continental Tire Challenge Series at the Detroit Auto Show. The #10 Infinity Kia Forte Koup will compete in the Street Tuner (ST) class with drivers Nic Jonsson and Andy Lally. Kia will enter a second car, the #12 Forte Koup, with… Continue Reading...
Chinese manufacturer BYD (Build Your Dreams) presented its e6 electric crossover at the Detroit Auto Show and announced plans to bring it to America later this year. Powered by BYD’s Fe battery, the e6 boasts a range of 205 miles on a single charge in cruising mode, less than the 249 miles from previous reports… Continue Reading...
Kia introduced a new special edition Soul dubbed the “Shadow Dragon” at the North American International Auto Show in Detroit. From afar, the Shadow Dragon gives off a sinister impression with its black paint, but Kia kept its usual sense of fun at the car’s unveiling at the Detroit Auto Show. Kia’s press unveiling was… Continue Reading...
Hyundai officially introduced the 2010 Santa Fe with two new engine options, a more efficient 3.5L v6 and a 2.4L inline-four. Mated with a six-speed automatic “Shiftronic” transmission, the four-cylinder claims better fuel economy than the 2009 2.7L V6 Santa Fe. With 175 hp and 169 ft-lbs of torque, less power than the old 2.7L,… Continue Reading...
Buick introduced a high-tech, higher-spec version of the new Regal at the Detroit Auto Show. Dubbed the Buick Regal GS, paying homage to Buick’s Gran Sport heritage while showing the potential of the company’s new sedan. “We designed the Regal GS to explore the appeal of a high-performance variant of the Regal,” said Craig Bierley,… Continue Reading...
BMW introduced its 1-Series Coupe-based Active E electric vehicle at the North American International Auto Show in Detroit. Powered by newly developed lithium-ion batteries, the Active E has a claimed power output of 170 hp with 184.4 ft-lb. of torque. As per BMW tradition, the Active E is rear-wheel drive, testing an early version of… Continue Reading...
The Ford Fusion Hybrid has been named North American Car of the Year, beating out the other two finalists, the Buick LaCrosse and the Volkswagen Golf. The announcement kicked off the festivities at the 2010 North American International Auto Show in Detroit. The Ford Fusion received the nod from a panel of 49 journalists from… Continue Reading...
The Ford Transit Connect has been named North American Truck of the Year, beating out the other two finalists, the Chevrolet Equinox and the Subaru Outback. The announcement kicked off the festivities at the 2010 North American International Auto Show in Detroit. The Ford Transit Connect was selected by a panel of 49 journalists from… Continue Reading...
Pirates captured a vessel carrying a shipment of 2,405 cars including 2,388 units from Hyundai and its subsidiary, Kia, on New Year’s Day. The shipment was on board a car ship named the Asian Glory while on its way to Saudi Arabia from Ulsan, South Korea, when it was seized, 620 miles off the coast… Continue Reading...
Ford ended 2009 with its highest sales month since May 2008 while gaining its first year-end market share gain since 1995. Sales were up in every product category in December 2009 as Ford recorded a 33 percent sales increase compared to the same month in 2008. Ford, Lincoln and Mercury sales totaled 179,017 in December…. Continue Reading...
OnStar has produced a new smartphone application providing Chevrolet Volt owners 24/7 connection to their cars. Compatible with Apple’s iPhone, RIM’s Blackberry Storm and Motorola’s Droid smartphones, the app provides real-time data connection and control over vehicle functions such as programming charge times. The OnStar Mobile Application retrieves information from the Volt such as battery… Continue Reading...
GMC is expanding its luxury Denali line with the announcement of the 2011 Acadia Denali crossover. The brand’s first crossover, the Acadia gets signature Denali design cues including monotone paint, unique lower front and rear fascias, high-intensity discharge headlights, chrome accents and the Denali honeycomb grille. Inside, the Acadia Denali receives a number of luxury… Continue Reading...
General Motors has announced it will close down Saab after discussions to sell the brand fell through. “Despite the best efforts of all involved, it has become very clear that the due diligence required to complete this complex transaction could not be executed in a reasonable time,” said Nick Reilly, president of GM Europe. “In… Continue Reading...
***See AutoGuide’s LIVE 2010 Detroit Auto Show Coverage Here*** Volvo will present a battery-powered electric C30 at the Detroit Auto Show in January, with plans to build a test fleet of 50 vehicles for real-world testing in 2011. The model being shown in Detroit will be further along the development process than the prototype previously… Continue Reading...