Toyota had until today to decide whether to pay $16 million to the U.S. government for not notifying it promptly about defective gas pedals. Steve Chiotakis talks to Marketplace's Gregory Warner about the carmaker's decision to pay the fine.
Responding to the "do not buy" warning Consumer Reports issued on its Lexus GX 460 SUV, Toyota is stopping sales of the SUV to do more testing. Bill Radke talks to Marketplace's Jeremy Hobson about whether things could get worse for Toyota.
Toyota says it's put together new investigative teams to look into reports of unintended acceleration as part of an effort to listen to customers more intently and address their concerns. Alisa Roth reports.
Thanks to what auditors call "fresh-start accounting," General Motors can adjust its debts and assets and put a positive spin on its finances to help it out of bankruptcy. The automaker releases it balance sheet today. Bob Moon reports.
U.S. Transportation Secretary Ray LaHood wants to hit Toyota with a $16 million penalty for failing to notify officials of the sticky accelerator pedals. Toyota has two weeks to pay or fight. Bill Radke talks to Marketplace's Amy Scott.
Dozens of old car plants have been shuttered over the last two years, and some of the unused factory equipment gets salvaged or sold off. Buildings are usually demolished, but one factory in Delaware is being re-imagined. Alisa Roth reports.
Chinese car maker Geely is buying Volvo for $1.8 billion, the Chinese auto industry's largest acquisition so far. Bob Moon reports what Geely is getting for its money and why Ford may have set certain limits on the sale.
German automaker Daimler has been charged with corruption, bribing officials in 22 countries. Bill Radke talks to Marketplace's Stephen Beard about why a U.S. court is handling a case of foreign corruption.
Toyota's Prius has been going through some troubles lately. But commentator Marc Jaffe thinks having a whole new image for the brand may not be as bad as it seems.
Nissan announced will begin producing electric cars in the U.K., while Ford will be making energy-efficient cars with half a billion dollars in loan guarantees from the British government. Stephen Beard reports.
