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Toyota outlines quality reforms; chief bows out of U.S. hearings

Conceding that breakneck expansion led to Toyota Motor Corp.'s current recall crisis, president Akio Toyoda outlined reforms meant to get quality back on track, including more active use of the car's so-called black box crash data recorder. Toyoda, grandson of the carmaker's founder, also indicated he won't sit before Congressional hearings into the quality lapses that have triggered recalls of more than 8.5 million vehicles since last fall. Yoshimi Inaba, the head of Toyota's U.S.

GM, Chrysler, Nissan launch recalls

General Motors is recalling 13,780 of its 2010 and 2011 Buick Lucerne and Cadillac DTS vehicles because of a risk of fire caused by a steering fluid leak. Nissan is recalling 605,000 of its cars for issues with the steering column and batteries. Meanwhile, Chrysler is recalling 16,000 Jeep Liberty SUVs that have a faulty windshield-wiper system.

Big news on GM's big SUVs

Good news and bad news for General Motors' large cash cows, the full-sized SUVs. The bad news: The massive sport-ute market has shrunk roughly in half to around 300,000 a year. The good news for GM: This drove some competitors either out of market or into the near-niche category, leaving the new-for-2015 Chevrolet Tahoe and Suburban, the GMC Yukon and Denali, and Cadillac Escalade with a big share of this very profitable segment.