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General Motors fires back at Volkswagen
Thu, 14 Jul 2011General Motors issued a terse response this week to published comments by Volkswagen CEO Martin Winterkorn, who suggested to the German press that Opel could be sold to a Chinese competitor. Detroit-based GM called Winterkorn's comments “regrettable” and accused him of “fanning speculation.” Opel was nearly sold to Magna and Russian investors in the wake of GM's 2009 bankruptcy. But then-CEO Ed Whitacre and the corporate board reversed that decision, igniting controversy from German political and labor leaders who have long chafed under American oversight.
News watch July 2012: today's auto industry news
Wed, 25 Jul 2012Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Tuesday 31 July 2012•Porsche SE recorded a first half profit of €1.15bn, in comparison with €149m for the same period in 2011. The enormous jump has come not from directly selling cars, but from the group's investments in Porsche Zwischenholding GmbH and Volkswagen AG (Porsche SE)•Reuters suggests Germany's car market is in recession, but few outside the industry would know it, thanks to a controversial sales practice that inflates official statistics and paints a flattering picture of demand.
Toyota recall Auris, RAV4 & Yaris in UK
Wed, 10 Oct 2012Toyota are recalling all Auris, RAV4, Yaris & Corolla models worldwide to check a faulty electric window switch. Toyota has issued a recall for some 7.4 million cars worldwide to check a potential fault on the Power Window Master Switch on all models of the Toyota Auris, RAV4, Corolla and Yaris built between September 2006 and December 2008. In the UK there are around 138,000 cars affected, but the Corolla is not affected in the UK – just the Auris, Yaris and RAV4.