U.S. Slaps Toyota With Record Fine

Apr 6, 2010
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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Toyota’s Big Apology

Feb 23, 2010
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.

And Now for Another Big Toyota Recall

Feb 9, 2010
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.

Toyota Recalls 3.8 Million Cars

Sep 30, 2009
Toyota has announced a recall of eight US models, including the 2004-2009 Prius A problem with floor mats has reportedly caused the deaths of five people so far The BBC calculates the cost of the recall at two years' worth of U sales for the automaker.

GM Claims Volt Gets 230 MPG

Aug 12, 2009
GM claims its new wonder car, the Volt, gets mileage that makes the Prius look as if it belongs in the cash-for-clunkers program -- 230 MPG in the city. Pick up your jaw, the rating is based on a new EPA methodology and hasn't been confirmed by the agency. The car may also be delayed indefinitely in reaching the market.