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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.

Silverstone redevelops Stowe: new pictures

By Christopher Erasmus First Official Pictures 16 November 2009 14:28 This is the new Stowe Complex at Silverstone, the first step in the racing circuit's new £7 million track development programme, and the main feature to attract corporate and product events to the track ahead of major planned events in 2010.Will Silverstone's new Stowe Complex affect the 2010 Moto GP or possible return of the British grand prix?No, the complex is a separate development within the full F1 circuit, and should be fully complete by March 2010, in time for the Moto GP in June 2010 and the still-possible British GP in July 2010. The development is designed to attract manufacturers and corporate events types to come and test at the Northamptonshire venue.So it's just a money-spinning scheme by Silverstone? Or are they actually building something important?The Stowe Complex is certainly a way for Silverstone to generate some important revenue and publicity.

GM grants Saab a reprieve, CEO Henderson resigns

By Tim Pollard Motor Industry 02 December 2009 15:51 The board of General Motors has granted Saab a lifeline – by extending the deadline for bids on its stricken Swedish patient to 31 December 2009. GM has been trying to sell Saab for the past year, and the Swedish car maker has been under court bankruptcy protection since February 2009.GM chief executive officer Fritz Henderson also announced he was to stand down. His interim successor is hard-nosed GM chairman Ed Whitacre – meaning that GM Europe and the US mothership have both lost their bosses in a matter of weeks.