Toyota announced a recall of 6.4 million vehicles globally, including 1.77 million of its vehicles in the U.S., for five potential safety faults. Only two of the flaws, USA Today reports, apply to U.S. models.
The Justice Department announced a record $1.2 billion dollar penalty leveled at automaker Toyota. A four-year criminal investigation determined the car company had concealed unintended acceleration issues, a serious safety concern. That case could serve as a warning to General Motors, now facing its own federal investigation. Gwen Ifill talks to David Shepardson of the Detroit News and Joan Claybrook, president emeritus of Public Citizen. Continue reading
In Chattanooga, Tenn., workers at a Volkswagen plant are voting to decide whether to join the United Auto Workers union. While VW has remained neutral, state politicians and Republican Sen. Bob Corker have vocally opposed the union option. Jeffrey Brown gets views from Vincent Vernuccio of the Mackinac Center for Public Policy and Harley Shaiken of the University of California, Berkeley. Continue reading
As General Motors begins paying back its loan from the U.S. government, Margaret Warner talks to a reporter with the Detroit News about the auto giant’s prospects for recovery after last year’s government bailout. Continue reading
General Motors announced Wednesday it lost $4.3 billion in the six months that followed its emergence from the fourth largest corporate bankruptcy in U.S. history last summer. While the loss may seem staggering, the company’s first official accounting since exiting … Continue reading
A lot of new car dealers have been looking for other work in the past year in the wake of the bankruptcies of General Motors and Chrysler. In Denver, GM told several local dealers to start winding down their businesses. … Continue reading
GMAC Financial Services has already received $12.5 billion in government aid. On Wednesday, the auto and home lending giant got another $3.8 billion. The new aid is less than the $5.6 billion that the troubled lender indicated it was seeking … Continue reading