Latest Car and Auto News - February 2010

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Toyota Plans Recall of Prius Hybrid
February 08, 2010 - After suffering a battered public reputation in the wake of two recalls to address accelerator issues, Toyota is planning to recall the Prius hybrid to deal with slipping brakes.

With Prius Recall Contemplated, Toyota in a State of Crisis
February 05, 2010 - Toyota President Akio Toyoda issued a personal apology to customers as the company contemplated yet another recall, this time for brake issues on the Prius hybrid.

Toyota Execs Deny Electronics Related to Sticking Accelerators
February 03, 2010 - As the U.S. Department of Transportation prepares to investigate further, Toyota denies claims that faulty electronics are to blame for its accelerator issues.

Toyota Announces Accelerator Fix
February 01, 2010 - Toyota Motor Corp. will begin repairs on 2.3 million cars and trucks this week, reinforcing sticking accelerators with a steel shim.

Ford Posts First Full-Year Profit Since 2005
January 29, 2010 - Ford anticipates continued profitability in 2010 after posting its first full-year profit since 2005, tacking a strong fourth quarter on to its success.

Toyota Halts Production Vehicles with Sticking Accelerator
January 27, 2010 - Some 57% of Toyota's sales in the United States are now affected by a sticking accelerator that has caused the company to pull the cars and trucks from showroom floors and to halt production.

Fisker Raises Private Equity, Secures Federal Loans
January 25, 2010 - After securing $115.3 million in private investment, Fisker Automotive has qualified for $528.7 million for the development of the plug-in Karma.

Toyota Issues Recall to Address Potential Acclerator Sticking
January 22, 2010 - The potential for the accelerator pedal sticking on 2.3 million Toyotas spanning eight model lines has led the company to issue its second recall in four months.

Study Names Greenest Cars Available in the United States
January 20, 2010 - The American Council for an Energy Efficient Economy has releases a list of the twelve "greenest" cars currently available in the United States.

SmartUSA Announces National Leasing Incentive Program
January 18, 2010 - Smart USA is opening 2010 under new leadership and has announced a national leasing program in a bid to increase the popularity of it tiny SmartForTwo model.

Hummer Production Suspended Until China Approves Sale
January 15, 2010 - Work at the Hummer plant in Shreveport, Louisiana has been suspended until the Chinese government okays the sale of the brand to Sichuan Tengzhong Heavy Industrial Machinery, Inc.

Ford Focus Company's First Global Offering
January 13, 2010 - The Ford Focus is the face of the new Ford, smaller, leaner, and with its eyes on a global marketplace.

Small Cars Set to Dominate the Detroit Auto Show
January 11, 2010 - Chevrolet, Ford, and Chrysler are all highlighting their subcompact offerings at the 2010 North American International Auto Show in Detroit, a clear indication that the days of the mammoth SUV have drawn to a close.

Delinquencies on Auto Loans Fall in 3Q 2009
January 08, 2010 - In a report indicating further signs of recovery in the automotive industry, auto loan delinquencies fell during the third quarter of 2009.

Emerging Car Tech Worries Safety Advocates
January 07, 2010 - Although car makers insist safety is their first priority, the new infotainment systems on display at the Consumer Electronics Show raise concerns about distracted driving dangers.

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