2004 Polaris Sportsman 700 4x4 Side Panel Right 2632471-382 on 2040-parts.com

U.S. is seeking a record $16.4 million fine against Toyota

The National Highway Traffic Safety Administration is seeking a historic $16.4 million civil penalty against Toyota for failing to notify the agency in a timely fashion of a throttle problem that could cause unintended acceleration, Transportation Secretary Ray LaHood said on Monday. The amount is the maximum penalty and would be the most NHTSA has levied against an automaker. The agency said Toyota waited at least four months to alert it of the potential pedal problem.

GM officially bankrupt

GM finally enters Chapter 11 Bankruptcy The US Government is to provide £30 billion to fund the transition, with GM being split in to ‘Old GM’ and ‘New GM’. In exchange for the money the US Government will take a 60% stake in ‘New GM’ with all the toxic assets and liabilities being disposed of through ‘Old GM’. The restructuring will allow GM to survive on a third less sales than before (10 million instead of 15 million).

New Chevrolet Colorado pickup is headed for U.S. showrooms

The redesigned Chevrolet Colorado pickup, which is launching this month in Thailand, will be sold in the United States, Chevrolet said on Monday. The new Colorado was developed by General Motors' Brazil operations to be sold globally. GM said the current Colorado will be sold through the 2012 model year.