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Toyota recalls Highlander and Lexus hybrids, IS and GS sedans

Toyota announced two recalls on Wednesday that include 369,000 vehicles worldwide, 235,000 of which are in the United States. The hybrids have a problem with a transistor, while the 3.5-liter V6 is having problems with its variable valve timing control device. The first recall includes Highlander Hybrid models from 2006-2010 and the Lexus RX 400h from 2006-2008.

Fiat buys remaining stake in Chrysler (2014)

By Damion Smy Motor Industry 03 January 2014 13:30 Fiat has purchased the remaining stake in Chrysler to become the sole owner of the US car firm. In a deal worth £2.2billion, the Italian company bought the remaining 41.46% of Chrysler from the VEBA Trust (Voluntary Employee Beneficiary Association) made up of current and former Chrysler employees. Fiat Chief Executive Sergio Marchionne says: ‘In the life of every major organisation and its people, there are defining moments that go down in the history books.

Jaguar Land Rover: Too expensive to build cars in India

Tata boss Ratan Tata has said that building Jaguar Land Rover in India is impossible at the moment because of silly taxes. With the rise and rise of Jaguar Land Rover, you’d imagine that full scale production of both Jaguar and Land Rover models would be a given in India. But it seems not.