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Toyoda testimony: As automaker grew, safety suffered

Toyota Motor Corp. president Akio Toyoda plans to tell lawmakers on Wednesday that the company regrettably chased growth at the expense of safety in recent years, and he will announce steps to improve Toyota's handling of customer complaints. Toyoda's written testimony to the House Oversight and Government Reform Committee says the automaker's priorities “became confused.” “We pursued growth over the speed at which we were able to develop our people and our organization,” Toyoda says.

2012 Ford Mondeo Titanium: The fastest ever Mondeo

2012 Ford Mondeo Titanium - the quickest ever Mondeo If you want an illustration of how quickly things are changing in the car world when it comes to the relationship between power and economy, you could do worse than look at the 2012 Ford Mondeo Titanium. The new Mondeo Titanium and Titanium S offer two options of power from their 2.0 litre Ecoboost lump, either a 200bhp version or a 237bhp one. And with a manual ‘box the 237bhp version becomes the fastest Mondeo Ford has ever built.

Carlos Ghosn's automaker mantra: Go big or you'll go away

Size matters in auto company survival, Renault and Nissan CEO Carlos Ghosn told an audience in Detroit on Tuesday. To cope with the escalating costs and scope of a global industry, successful automakers must complete a trifecta--be able to compete in every technology, every market and every segment, Ghosn said during a luncheon speech at the Detroit Economic Club “No 3 million-unit carmaker can make it,” Ghosn said, explaining why his Renault-Nissan alliance forged an alliance with Germany's Daimler AG. Competency in one or two of the three skills is not enough, and only very large companies can afford all three, he said.