Making Toyota Pay TIME (blog)
After enduring a public flogging on Capitol Hill, Toyota execs will now have to contend with regulators' attempts to slap a civil penalty on the beleaguered automaker. Transportation Secretary Ray LaHood announced today that NHTSA, whose purportedly lax oversight made it the target of withering criticism during Congressional hearings into Toyota's customer-safety crisis, will seek a civil judgment of $16.375 million against Toyota. LaHood's statement charges the company failed notify the agency of its sticky-pedal conundrum for more than four months. After poring over more than 70,000 pages of documents supplied by the Japanese car maker, “We now have proof that Toyota failed to live up to its legal obligations,” LaHood said in a statement released this afternoon. “Worse yet, they knowingly hid a dangerous defect for months from U.S. officials and did not take action to protect millions of drivers and their families." The sum NHTSA is seeking represents the maximum allowable penalty.
CTV.caPenske Automotive to buy GM's Saturn brandPenske Automotive (NYSE: PAG) sells new and used vehicles, parts, insurance and financing. It operates 310 retail automotive franchises, and 25 collision repair centers, representing 40 brands.Penske Automotive To Buy Saturn From GM Penske and General Motors Announce Proposed Deal for Purchase of Business Minute: Unemployment jumpsOil moves above $70Penske
Ipswich Queensland TimesDoubts raised over Australian PM's "gift"CANBERRA, June 5 (Xinhua) -- A motor car dealer who has given Australian Prime Minister Kevin Rudd an old vehicle as an act of friendship said here on Friday he did the prime minister no special favours, but the opposition has raised doubts about the Nothing beaut about Rudd's loaned ute Storm over car dealer's gift to Rudd Kevin Rudd denies he did favours for free car -
AFPAccording to Mitsubishi's press release, the company will start taking orders for the electric car this July. The i-MiEV is a true electric car - meaning it runs completely on electricity, without ever using a gasoline motor or generator, Mitsubishi to Bring Productions Version i-MiEV to Market Mitsubishi and Subaru Electric Cars Go On Sale in Japan Next Month
FOXNewsHow GM's bankruptcy filing affects workers, car ownersThat would mean cuts in healthcare and life insurance. Q:Can my pension be tapped by the company to help pay its debts? A: That would be illegal. Federal law prohibits funds in pension plans from being used to pay creditors. Video: Inside Story - General Motors bankruptcy - 02 June 09 Answers to questions about GM's bankruptcy General Motors files for bankruptcy protection -
