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By Yasheng Huang $21.60
By Morris. P. Fiorina and Samuel J. Abrams
$20
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 Flickr user Stefano A (CC-BY)
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U.S. auto regulators have decided to fine Toyota a maximum $16.375 million, having determined that the car company waited “at least four months” to recall its troubled vehicles. Toyota can contest the fine, which, although a record, amounts to a tiny fraction of the total financial impact of recalling some 8 million vehicles worldwide. (continued)
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 Wikimedia Commons / IFCAR
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A few years ago GM’s electric car seemed like the vehicle we’d all be driving in the brave new world of hybrids, a Prius killer that could save the troubled company if GM could just hang on long enough. GM is only now starting to let civilians drive the thing and some of them are wondering whether the Volt hasn’t lost its spark. (continued)
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Toyota might have cause to breathe a little easier after a couple bumpy months, as last week’s runaway-Prius story is looking like it could represent less of a PR disaster for the automaker than it originally appeared to be.
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 porsche.com
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Quick, name a supercar that has 500 horsepower and gets 78 mpg. Unfortunately there isn’t one—yet. Until Porsche puts its 918 Spyder up for sale, this environmentally friendly beast, which will take you from a standstill to a suspended license in about three seconds, is confined to auto shows. (pictures after the jump)
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 AP / Itsuo Inouye
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Amid major setbacks leading to massive recalls related to unintended acceleration, faulty brakes and other mechanical calamities, Toyota is shifting into damage control mode. On Tuesday, the Japanese carmaker’s president, Akio Toyoda, made a personal apology before the U.S. Congress, admitting that his company got ahead of itself, prioritizing growth over quality control.
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 Flickr / Infrogmation
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Sorry, Toyota. Certainly there’ll be a slew of jokes about the automaker’s old “Oh, what a feeling!” commercials—oh, wait, too late!—now that Toyota has caught yet another tough break (sorry again) in the form of a recall of about “436,000 hybrid vehicles worldwide,” according to the BBC.
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 chryslerllc.com
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With gas-guzzling brands such as Jeep and Dodge, Chrysler has had a particularly hard time selling its cars to weary consumers, but it turns out that the company has three forward-thinking models headed to a showroom near you.
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 engadget.com
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Fuel economy has done wonders for Toyota’s bottom line, so the hybrid pioneer has decided to add a plug-in to its lineup by 2010 and will have a hybrid version of every vehicle it makes sometime in the 2020s. Why so long? Because new batteries have to be developed in order to make the plan work.
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 autointell.de
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The higher cost of hybrid cars is worth it in the long run, according to a comprehensive new study. When considering not just fuel economy but insurance, maintenance, depreciation and other factors, a Toyota Prius owner can expect to save $13,408 over five years, compared with a non-hybrid in the same class.
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