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Toyota paid $10 million to settle unintended acceleration lawsuit

Toyota Motor Corp. agreed to pay $10 million to settle a lawsuit with the families of four people who were killed in an accident that led to the automaker’s recall of millions of vehicles over unintended acceleration concerns. The settlement was reached in September, but the amount was not made public at the time after both Toyota and the plaintiffs agreed to keep the deal confidential.

2012 Porsche 911 Cabriolet: New video ahead of Detroit debut

New video of the 2012 Porsche 911 Cabrio ahead of Detroit debut Ahead of its official public debut at the Detroit Auto Show next week, We have new video of the 2012 Porsche 911 Cabriolet. We may have had the reveal of the 2012 Porsche 911 Cabriolet (and the 911 S Cabriolet too) back in November, but the 911 Cabriolet is only due to get its public debut at the Detroit Auto Show next week. Which explains why Porsche has chosen to deliver a new video of the 911 Cabrio now.

The scramble for scarce tires

North American automakers are struggling with a nagging shortage of tires, caused in part by tire plant closings and rising demand for low-volume specialty tires. Automakers are paying much higher prices -- double-digit percentage increases from a year ago -- as tire makers gain pricing power. "We have been bombarded from every side for additional tires, and we can't keep up," said David O'Donnell, Continental Tire's vice president of original equipment in the Americas.