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U.S. Transportation Secretary Ray LaHood announced yesterday that the National Highway Traffic Safety Administration (NHTSA) is seeking the maximum civil penalty of $16.375 million against Toyota Motor Corporation for failing to notify the auto safety agency of the dangerous “sticky pedal” defect for at least four months.
Read More →Fueled by attractive incentives, U.S. automakers sold 1.07 million units in March – the best month since the federal government’s Cash for Clunkers program sent sales skyrocketing last August.
Read More →Toyota suffered a sharp drop from 1st to 6th place among mainstream brands in ALG Inc.'s Spring 2010 Automotive Consumer Attitudes Survey, leaving Honda with a commanding lead over all other mainstream brands.
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Brand loyalty for Hyundai recently surpassed that of Honda and Toyota, allowing Hyundai's brand loyalty to take the No. 1 spot among car shoppers on Kelley Blue Book's kbb.com, according to Kelley Blue Book Market Intelligence data.
Read More →Toyota’s announcement of zero-percent financing and special lease deals generated nearly a 40 percent spike in purchase intent by visitors to Edmunds.com.
Read More →Toyota Motor Corp.’s monthly sales were down 9 percent in February, and the automaker has launched a nationwide zero percent financing campaign in an effort to reverse the trend.
Read More →Edmunds.com has noticed that Toyota purchase intent has risen dramatically since the company announced a fix for its recall.
Read More →Toyota Motor Sales (TMS) U.S.A. Inc. announced yesterday that it is instructing Toyota dealers to temporarily suspend sales of eight models involved in the recall for sticking accelerator pedal.
Read More →Toyota is offering regional lease rates to consumers participating in the government’s Car Allowance Rebate System (CARS).
Read More →This month's new-vehicle sales (including fleet sales) are expected to be 887,000 units, a 25.3 percent decrease from June 2008, but a 3.9 percent decrease from May 2009, according to Edmunds.com.
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