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The world's top-selling automaker Toyota stops producing vehicles at all assembly lines across Japan for an entire week because of a parts shortage. The shutdown could tighten supplies of Toyota and Lexus vehicles sold in the U.S.The production suspension begins next Monday and runs through Feb. 13. It will cost Toyota 84,000 vehicles. About 14,000 of those would be exported to the U.S.According to the company, an explosion knocked out the essential furnace of the No.2 Bar Mill Shop of Aichi Steel’s waterfront Chita Plant in Aichi Prefecture, Japan. The plant is located halfway betwe...
The world’s largest automaker Toyota would buy out the rest of minivehicle unit Daihatsu - an all-stock deal worth about $3 billion and part of its strategy to strengthen its push into compact cars for emerging markets.Toyota acquired a controlling interest of 51 percent in Daihatsu in 1988. But now it is raising its stake to 100 percent by a reciprocal share-swap agreement that will see Daihatsu's other shareholders take 0.27 shares in the larger company for each share in the smaller.This move will help to improve Daihatsu small cars by having a unified strategy in the sengment, alt...
Millions of Americans are battling with the elements on Saturday as Jonas brought hurricane-force winds and feet of snow to ten states.About 150,000 North Carolina homes and businesses are shuddering in the cold after ice and strong winds caused power outages. The State Highway Patrol warned motorists on Saturday to stay off roads that were coated with invisible sheets of ice. Troopers had responded to more than 2,000 crashes since icy conditions moved in on Wednesday.Storm Jonas had left the East Coast covered with a think blanket of snow on Saturday as it hovers over the East Coast of t...
American Honda has announced an expansion of its previous recall of faulty Takata air bags that may be at risk. Another 127,000 bad Takata airbag inflators to its growing recall. This latest round affects 2003 and 2004 CR-V crossovers. This is the first time that the 2004 CR-V has been included in the airbag recall.The Honda Models included in the recall are:-2003-2007 Honda Accord-2001-2005 Honda Civic-2002-2004 Honda CR-V (all 2002 and certain 2003 CR-V previously included)-2003 Honda Element-2002-2003 Honda Odyssey-2003 Honda PilotRepairs will be conducted free of charge, and Honda not...
The U.S. government and private auto-safety raters made evident this week how tougher standards are moving beyond crash tests that just measure passenger protection. Now, they're evaluating systems that can avoid accidents altogether.The Insurance Institute for Highway Safety said Thursday that 48 vehicles earned its highest rating of "Top Safety Cars." Toyota, Honda and Subaru are the winners, with 23 combined. Volkswagen and its luxury brand, Audi, had seven winners. Volvo, Hyundai and Mazda each had multiple winners. The Chrysler 200 was the only domestic car to earn the ...
