Ford Motor Company posted net profits of $866 million during the fourth quarter of 2009 and is optimistic about its prospects for 2010. Ford’s CEO Alan Mulally said, While we still face significant business environment challenges ahead, 2009 was a … Continue reading →

General Motors Company has announced a new month-long incentive program aimed at Toyota customers affected by that automaker’s recent recall of some 2.3 million vehicles to fix faulty throttle pedal mechanisms. GM spokesman Tom Henderson said the new incentive program … Continue reading →

General Motors’ Minority Dealer Association has announced that it will not participate in next month’s National Automobile Dealers Association convention in Orlando, Florida. Executive director Marjorie Staten said her group usually holds meeting with GM’s minority dealer development unit prior … Continue reading →

BMW has announced that its new 335is coupe and convertible models will only be available only in North America. The company has slotted the 335is just below the high-performance M3. The 2011 335is has 20hp more than the 335i “ … Continue reading →

General Motors announced on Monday that it will design and build electric motors for use in all of its next-generation hybrid and all-electric vehicles. According to GM’s engineering director for hybrid and electric architecture, Peter Savagian, the in-house design and … Continue reading →

Ed Whitacre, who is currently the Chairman and Chief Executive Officer of General Motors Company, has announced he will stay on permanently as CEO at the request of the board. He also said that GM plans to repay their government … Continue reading →

Despite last Thursday’s announcement that it will recall about 2.3 vehicles, Toyota spokesman John Hanson said that the company is still selling vehicles with potentially faulty accelerator pedals. Hanson said that the vehicles should not present an immediate safety risk … Continue reading →

Fiat S.p.A. is bringing its luxury sports divisions under a single, new brand group which will be headed by German engineer, Harald J. Wester. Wester will also continue his roles as CEO of Fiat’s Maserati and Abarth brands and CTO … Continue reading →

With no new products in its pipeline, Dodge is turning to special equipment packages to lay the groundwork for reinventing the brand. New products are planned for the 2011 model-year. Dodge CEO Ralph Gilles said, “This is just the beginning. … Continue reading →

Toyota Motor Corporation has announced its second large-scale recall of vehicles in the U.S. in the past four months. The company said on Thursday that the latest recall of about 2.3 million vehicles is being prompted by potentially defective accelerator … Continue reading →