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Toyota to pay $32.4 million U.S. fine over timing of recalls
Tue, 21 Dec 2010Toyota Motor Corp. agreed on Monday to pay two more safety fines for a total of $32.4 million, the maximum allowable under U.S. law, to settle federal investigations of whether the company notified regulators of safety defects in timely fashion.
BMW pushes back the U.S. debut of the X1 until the end of 2012
Mon, 02 May 2011BMW will not offer its compact X1 crossover in the United States until the end of 2012 because of strong demand for the redesigned version of the larger X3. Also, the X1 is selling well outside the United States so supplies are tight, said Jim O'Donnell, CEO of BMW of North America. The X1 was launched in Europe in November 2009.
Honda NSX set to return
Tue, 13 Dec 2011Acura, Honda's luxury division, is set to launch two new concepts alongside a showcar preview of the next generation US-market Accord Coupe at the NAIAS in January. The most significant Acura vehicle set to make its global debut is the much rumored and long-awaited NSX replacement, which will be making its debut 23 years after the original appeared at the Chicago auto show. The new NSX concept will adopt a new stance on the super car paradigm.