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Toyota Panel Cites Lack of Local Control, Need for Safety Chief

Toyota Motor Corp.’s centralized structure, skepticism of external critics and lack of a global safety chief are among flaws the carmaker needs to address as it recovers from record recalls, an outside advisory group said. View full post on All Stories

Hyundai Motor Posts Record Results in Q1 Amid Japanese Slowdown

Hyundai-Kia Automotive Group has a shot at becoming the third largest automaker in the world this year amid better-than-expected sales and sluggish performance by Japanese rivals in the wake of the earthquake and tsunami there. Hyundai Motor said Thursday that it achieved record results i… View full post on All Stories

VW Posts Record Profit on China Audi Demand

April 27 (Bloomberg) — Volkswagen AG, Europe’s biggest automaker, reported record operating profit in the first quarter as the Audi and VW brands attracted more Chinese … View full post on All Stories

Toyota plans more investments in Miyagi even after earthquake

Toyota Motor Corp., the automaker most affected by Japan’s record earthquake, is planning to build a new engine plant in the nation’s devastated Miyagi prefecture and will transfer a subsidiary’s production operations to the region. View full post on All Stories

Chinese automaker Chery generates record sales of 86,299 in January

HEFEI, Feb. 15 (Xinhua) — Chery Automobile, China’s largest automobile exporter, said Tuesday its global monthly sales reached a record high of 86,299 vehicles, an increase of 17.52 percent … View full post on All Stories

GM to pay record in bonus pay

DETROIT, Feb. 14 (UPI) — U.S. automaker General Motors said Monday it would pay record bonus checks to 45,000 hourly workers. View full post on All Stories

AutoNation CEO: Don’t underestimate Japanese automakers

After reporting a quarterly earnings record today, AutoNation Chairman and CEO Mike Jackson said rivals of Toyota Motor should be careful not to underestimate the Japanese automaker or overestimate the consequences of its recent recall crisis. View full post on All Stories

GM sales in China top 2 mil. units in 2010+

BEIJING, Jan. 5 (AP) – (Kyodo)-U.S. automaker General Motors Co. said Tuesday its new car sales in China jumped 28.8 percent year on year to a record 2,351,610 units in 2010, becoming the first for View full post on All Stories

Audi breaks record sales in US

German automaker, Audi, has announced that the company has broken its record for annual vehicle sales in the U.S. recording its 93,507th transaction on December 13, 2010. View full post on All Stories

Late recalls cost Toyota record fines

Toyota Motor Corp. agreed Monday to pay $32.4 million in federal fines, settling two federal investigations that found the automaker delayed recalling nearly 6 million vehicles. View full post on All Stories