Archive for cars
The massive earthquake in Japan will disrupt auto production in the beleaguered nation, but exactly how long it will last is uncertain.
A key factor still to be determined is whether the Japanese ports from which the auto companies ship vehicles and parts will be able to resume operations soon.
Much of what the top three brands — Toyota, Honda and Nissan — sell in the United States is already made in North America. The question will be whether there are high-profit cars — such as Toyota’s Lexus line or Honda’s Acura brand, which are still made in Japan — that can’t be shipped here.
A large batch of vehicles is already in transit, so inventories should not be a problem in the short term, said Michael Robinet, an analyst with IHS Automotive.
US auto sales jump 27 percent in February
DETROIT (AP) – As more U.S. buyers head back into auto dealerships, automakers are jostling for their attention with sweetened deals.
The major automakers knocked a little extra off sticker prices in February, giving additional momentum to a recovery in sales that started last year. The good news for buyers is that discounts are likely to continue into the spring, as older models like the Toyota Corolla and Chevrolet Malibu duke it out with newer models like the Ford Focus and Hyundai Elantra.
WASHINGTON (AP) – Toyota Motor Corp. recalled 2.17 million vehicles in the United States on Thursday to address accelerator pedals that could become entrapped in floor mats or jammed in driver’s side carpeting, prompting federal regulators to close its investigation into the embattled Japanese automaker.
The Transportation Department said it had reviewed more than 400,000 pages of Toyota documents to determine whether the scope of the company’s recalls for pedal entrapment was sufficient.
MOSCOW, Russian Federation, Feb. 18, 2011 – Ford Motor Company [NYSE: F] and Sollers OJSC today signed a Memorandum of Understanding under which the parties intend to launch a new 50:50-owned joint venture called Ford Sollers for the production and distribution of Ford vehicles in Russia.
“We are delighted to be taking this next step for Ford in Russia with our proposed partner, Sollers,” said Stephen Odell, chairman and CEO, Ford of Europe. “This is a great opportunity, and will provide Ford customers in Russia with more products and better service.