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Toyota to spend $1.1 billion on unintended acceleration claims

Toyota Motor Corp. is setting aside $1.1 billion to settle various U.S. lawsuits and other claims stemming from reports of unintended acceleration that plagued the automaker in 2009-2010.

Japan automakers extend shutdowns as quake impact widens

Japan's seven big automakers are extending nationwide production shutdowns amid growing concern about supply chain interruptions, power shortages and export difficulties following the massive earthquake and tsunami that hammered northern Japan, killing thousands. Toyota Motor Corp., one of the few automakers with a major manufacturing presence in the quake zone, suspended all manufacturing--at both assembly and parts plants--on Monday and extended the shutdown through at least Wednesday as an added precaution. The company will lose output of roughly 40,000 vehicles over the three-day period, spokesman Dion Corbett said.

Aston to launch 'two or three Lagonda models' - Bez

Aston Martin is preparing to launch 'two or three' new Lagonda models, CEO Ulrich Bez has confirmed to CAR. In a wide-ranging interview with our European editor Georg Kacher in the new June 2011 issue, Dr Bez revealed numerous details about the plan to relaunch the Lagonda brand. The new-generation Lagondas are to include a sporty crossover, an Allroad-type crossover and a high-end luxury saloon following in the footsteps of the William Towns-designed boxy 1976 Aston Martin Lagonda, CAR understands.