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Toyota aims for a comeback, shuffles execs
Wed, 09 Mar 2011Toyota, unveiling a new business plan to double operating profit by 2015, will remove its head of North America from a downsized board and promote Canada chief Ray Tanguay to be its highest non-Japanese executive. Yoshi Inaba, 65, continues to lead Toyota North America and Toyota Motor Sales U.S.A. while becoming one of 18 directors to lose board seats.
Renault, Caterham form joint venture to build sports cars
Mon, 05 Nov 2012Two lightweight two-seat sports cars, likely to be on sale in 2015 or 2016, will be the first output of a joint venture between French automaker Renault and U.K. sports car maker Caterham that was announced Monday. Renault will put its Alpine factory in Dieppe and its 300-person workforce into the 50:50 joint venture.
Honda expands recall on airbag inflator
Tue, 03 May 2011Honda has expanded a previously announced recall for airbag problems of certain 2001 through 2003 model year Honda and Acura vehicles. The recall now includes vehicles that may have had the original driver's airbag module replaced with a service part. The replacement airbag inflators could deploy with too much pressure, causing the airbag to rip, resulting in injury or death, according to Honda.