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NHTSA to study power-steering complaints in the Toyota Corolla

U.S. highway safety officials will begin a formal investigation into electric power steering complaints in the Toyota Corolla, a person familiar with the plan said. The National Highway Traffic Safety Administration study will focus on vehicles from the 2009 and 2010 model years, said the person, an agency representative who didn't want to be identified before an announcement is made.

Italy’s Supercar sales down 80% as Italy heads for 50 year car sales low

Sales of Supercars in Italy have dropped 80% in the last 5 years and car sales look set to drop to the lowest point since 1966. We all know the Eurozone is finally paying the price for stitching together powerhouse economies and basket case ones with the same blunt fiscal tools to control their economies. And even Italy – once a major Southern European economy – seems to be as big a basket case as Greece and Cyprus if you start to dig a bit.

Chrysler CEO vows never to repeat mistakes from Cherokee launch

Chrysler Group CEO Sergio Marchionne acknowledged mistakes in the way the company developed and launched the 2014 Jeep Cherokee, and vowed to never repeat them. "What we've learned is that we'll never repeat it. We're never going to take a plant down and be out of the market for over a year," Marchionne told analysts in a conference call today.