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Toyota outlines quality reforms; chief bows out of U.S. hearings

Conceding that breakneck expansion led to Toyota Motor Corp.'s current recall crisis, president Akio Toyoda outlined reforms meant to get quality back on track, including more active use of the car's so-called black box crash data recorder. Toyoda, grandson of the carmaker's founder, also indicated he won't sit before Congressional hearings into the quality lapses that have triggered recalls of more than 8.5 million vehicles since last fall. Yoshimi Inaba, the head of Toyota's U.S.

Ferrari 458 Italia Revealed

The first pictures of the new Ferrari 458 Italia These are the first pictures of Ferrari’s 458 Italia, released this morning ahead of the official reveal at the Frankfurt Motor Show in September. Clearly showing influences from the Enzo and the Mille Chille Concept car, the F430 replacement will undoubtedly go upmarket in terms of price to differentiate it from Ferrari’s entry-level car, the Ferrari California. Featuring a new, 4.5 litre V8 (hence the name – 458) , Ferrari claim the new engine has the highest specific output of any normally aspirated road-car engine, which is a hard claim to dispute as it produces 127bhp per litre.  It produces 562bhp at 9000 rpm, making it the highest revving Ferrari engine to date.

Day 59 and counting for General Motors: Fritz says it like it is

With less than two months remaining to determine its fate, newly christened General Motors CEO Fritz Henderson held a press conference Tuesday to show Wall Street and Washington that the buck stops with him. He did a creditable job. No, he did not remind viewers of Alexander Haig so much as he played the part of confident commander in charge.