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Chrysler Group LLC says it will invest $550 million to build the Fiat 500 minicar at its assembly plant near Mexico City.
Toyota plans to recall about 300,000 Prius hybrids worldwide over a brake problem and is likely to notify both the U.S. and Japanese governments Tuesday, as a top executive will testify before U.S. lawmakers about defects that have tarnished its reputation for quality and safety.
A small Dutch automaker will try to do what U.S. auto giant General Motors Co. couldn't -- make money by selling Saab brand automobiles in an increasingly competitive global marketplace.
Sales and deliveries of the eight vehicle models recalled by Toyota have resumed in Canada, the company says.
A new study finds that hybrid prices include thousands of dollars' worth of luxury features you might not otherwise have chosen, like DVD players, keyless entry systems and leather interiors.
A massive recall of millions of Toyota vehicles in Canada, the U.S. and overseas due to a faulty accelerator, could be just the opportunity GM and Ford need, analysts say.
A Toyota Canada executive says a planned retrofit for some 270,000 recalled Canadian vehicles will provide Toyota customers will a fast and simple repair, which will prevent further problems with sticking gas pedals.
These cars only get better with time, thanks to innovation and creativity.
By any measure, this is a massive black eye for Toyota. Or worse. The key for Toyota is to move swiftly and decisively.
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