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Akio Toyoda waves family flag, heir makes crisis personal challenge

The reclusive Akio Toyoda is taking the rare step of waving the family flag, as the scion to Toyota Motor Corp.’s founding dynasty tries to steer the world’s largest car company out of a spiraling safety crisis. In testimony prepared for the House Oversight and Government Reform Committee, President Toyoda pursues a rare personal tack on the emergency, saying “my name is on every car.” “As you well know, I am the grandson of the founder, and all the Toyota vehicles bear my name,” Toyoda says in prepared comments circulated ahead of Wednesday’s committee hearing in Washington. “For me, when the cars are damaged, it is as though I am as well.” The intimate reflection is a departure for Toyoda, who has spent most of his career sidestepping public discussion of his lineage.

Fisker Karma plug-in hybrid recalled over possible battery-cooling system defect

Fisker Automotive is recalling 239 Karma hybrid cars to fix a defect in the vehicle's high-voltage battery. The recall notice, posted today on the National Highway Traffic Safety Administration's Web site, says the campaign targets all 2012 Fisker Karma models manufactured between July 1 and Nov. 3 of this year.

Ferrari debuts 7-year free-maintenance plan

Need another reason to buy a Ferrari, if you have the means? The Prancing Horse is now offering a free, seven-year scheduled-maintenance program for those who put a 2012 California, 458 Italia or FF in their driveway. Ferrari announced the program this week for North America, and it will roll out in global markets over the next few months.