The Washington Independent

Posts Tagged toyota

U.S. Looking to Fine Toyota $7 for Each Car Recalled

By | 04.05.10 | 5:20 pm

The National Highway Traffic Safety Commission is seeking $16.375 million in civil fines against Toyota after the automaker was forced to recall 2.3 million vehicles over an accelerator glitch, Transportation Secretary Ray LaHood announced Monday.

The DOT says that the fine — the maximum allowable — More…

Toyota Takes Over Top Spot Under Cash for Clunkers

By | 08.05.09 | 5:23 pm

The Department of Transportation just sent out some updated figures on the vehicles being scrapped and purchased under the popular cash for clunkers program, which provides up to $4,500 in cash to drivers who trade their gas guzzlers for more efficient vehicles.

Of the $1 billion allocated under More…

To Reiterate: The Bailout Won’t Help the Big Three Unless Folks Start Buying Cars Again

By | 12.23.08 | 11:02 am

More bad news for Detroit: Toyota announced yesterday that it expects to lose $1.7 billion for the fiscal year ending March 31 — the first annual loss for the company in 70 years. From The New York Times:

Analysts said Toyota’s downward revision, its second in two months, showed

More…

Automakers Suffering, Regardless of Their Business Model

By | 12.16.08 | 12:40 pm

In a move that spells nothing but bad news for Detroit’s struggling automakers, Toyota announced yesterday that it’s suspended plans to produce its Prius hybrid in the United States.

Why is that bad news for the Big Three? Because there’s been this line of argument that Ford, General Motors More…