Latest news on ‘Automotive’
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Watchdog: GMAC bailout could cost taxpayers $6.3B
WASHINGTON (AP) — The Treasury Department sank billions into auto finance giant GMAC Inc. without an exit strategy or proof the company was viable — a decision that could cost [...]
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Toyota Reviewing U.S. Report of Prius With Stuck Gas Pedal
By Jeff Plungis and Alan Ohnsman (Bloomberg) – Toyota Motor Corp., struggling to regain a reputation for quality after unintended acceleration forced millions of vehicle recalls, will investigate a report [...]
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Toyota’s President to Take ‘Full Responsibility’
WASHINGTON — Toyota’s elusive president goes before a House committee on Wednesday, one day after the company’s highest ranking American executive came under blistering criticism for its response to problems [...]
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Investors Bid Up Shares of Magna International, Up 0.8% (MGA)
Magna International (NYSE: MGA | Quote | Chart | News | PowerRating) is one of today’s best performing stocks, up 0.8% to $57.70. The S&P is currently trading 0.1% lower [...]
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Toyota’s Chief to Testify to U.S. Congress on Recalls
(Bloomberg) – Toyota Motor Corp. President Akio Toyoda will testify at a U.S. congressional hearing on the automaker’s record recalls, after an initial decision to send another executive raised criticism [...]
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Toyota May Recall Corolla After U.S. Investigation
By Kiyori Ueno and Jeff Plungis
(Bloomberg) – Toyota Motor Corp. may add the Corolla, the world’s top-selling car, to a record recall list after U.S. regulators began investigating the vehicle’s [...] -
Toyota Shares Lag on U.S. Output Cuts
TOKYO (Reuters) – Toyota Motor Corp shares lagged a strong rise in other Japanese auto stocks on Wednesday after the world’s biggest automaker said it would shut down production at [...]
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Yara To Acquire Terra In $4.1B Friendly Takeover
DOW JONES NEWSWIRES
In a surprise move early Monday, Terra Industries Inc. (TRA) announced that it has agreed to be acquired by Norwegian fertilizer company Yara International ASA (YAR.OS) for $41.10 [...] -
GM’s Opel Outlines 11 Billion-Euro Investment as It Seeks Aid
By Chris Reiter and Andreas Cremer (Bloomberg) – General Motors Co., seeking European government aid to reorganize its Adam Opel GmbH division, pledged to invest 11 billion euros ($15 billion) [...]
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Toyota’s Chief Steps Forward to Apologize
By HIROKO TABUCHI and NICK BUNKLEY
NAGOYA, JAPAN — The president of Toyota apologized at a hastily arranged news conference Friday night for the quality problems that led to the recall [...]
