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Toyota outlines quality reforms; chief bows out of U.S. hearings
Wed, 17 Feb 2010Conceding 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.
Charles Morgan dismissal appeal rejected
Sun, 03 Nov 2013Charles Morgan’s appeal against his dismissal from Morgan Motor Company has been rejected, after the firm’s board of directors chose to uphold the ruling last Friday, 25 October. In a short statement posted on his personal blog, Charles Morgan outlined, “I have been informed that Morgan has rejected my appeal and, as a result, I have been removed from Morgan Technologies.” On Bing: see pictures of Morgan cars Find out how much a used Morgan costs on Auto Trader The former strategy director of the Malvern-based British sports car manufacturer went on to say that “it is incredibly disappointing news.” Morgan – whose grandfather H.F.S. Morgan founded the company in 1910 – stated, “I have been dismissed on what I believe are very contentious grounds.
Nissan to slash jobs, production after forecasting $2.9 billion loss
Mon, 09 Feb 2009Reversing his profit forecast to a loss, Nissan Motor Co. CEO Carlos Ghosn entered crisis mode on Monday. Ghosn announced plans to slash 20,000 jobs, cut production by 20 percent, scale back model launches and delay new factories.