Auto Industry, Automaker | featured news

Toyota Motor Corp. recalled about 50,000 Sequoia sport utility vehicles from the 2003 model year to fix an unexpected slowing of the vehicle in the latest recall issued by the Japanese automaker.

Why GM's future is in Asia.

"The company has shed dead weight, cut down its debt and slimmed its dealer network in order to be a more healthy business, but those moves have officially knocked The General from the top 10 of Fortune Magazine's fabled 500 list."

Chrysler Group LLC lost a staggering $3.8 billion from the time it left bankruptcy protection June 10 through the end of last year, but the automaker says its fortunes have improved.

U.S. safety regulators are investigating a potential for brake failure in General Motors Co vehicles that could affect up to 6 million trucks and SUVs sold from the model years 1999 through 2003.

General Motors says it will proceed with the shutdown of the HUMMER brand, but TheCarConnection has confirmed that an American company has twice expressed interest in a HUMMER deal--both before and after a failed bid from a Chinese company.

General Motors' sales in China continued their rapid growth in March, helping to cement China as the U.S. auto maker's biggest market by vehicle sales so far this year.

Ford and GM report an increase of 43% for the month. And Honda is up 22% compared with a year ago as automakers keep pace with incentives offered by troubled Toyota.

Chrysler Group LLC Chief Executive Sergio Marchionne reiterated that the auto maker "intends to break even" on an operating basis this year and will hit its target of selling 1.1 million new vehicles in the U.S.

Auto-safety regulators tap space agency experts to answer questions involving electronics issues.