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Toyota says software glitch in data boxes can give faulty speed readings

A top Toyota executive says the crash data boxes in its vehicles are reliable but a bug in the software that reads the information can provide inaccurate vehicle speeds. The disclosure comes as the National Highway Transportation Safety Administration continues its investigation into unintended acceleration of Toyota models. “Toyota has acknowledged previously that the event data recorders are not accurate,” said Takeshi Uchiyamada, executive vice president in charge of research and development.

Next-generation Ford Transit dubbed taxi of the future

Ford introduced its redesigned 2014 Transit Taxi, which features increased passenger and cargo space, claimed “livery-duty durability,” and lower operating costs. The 2014 Transit comes with a new 2.5-liter four-cylinder gas engine and a six-speed automatic transmission. The transmission is expected to deliver best-in-class highway fuel economy.

Porsche Panamera explained in greater detail

Porsche has revealed previously undisclosed details of its new Panamera ahead of a planned public debut at next month's Shanghai motor show. On sale in North America on Oct. 17, the first-ever Porsche sedan will cost more than the BMW M5 and the Mercedes-Benz CLS63 AMG, with prices starting at $89,800 for the base rear-wheel-drive Panamera S and rising to $93,800 for the four-wheel-drive Panamera 4S.