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Toyota Prius Recall: 5,000 UK cars affected – 242,000 worldwide

5,000 2009 Toyota Prius (pictured) are being recalled Toyota has had a bit of a nightmare with recalls in recent years, and the news that they’re now having to recall 242,000 Prius models from 2009 worldwide is another financial, and logistical, problem for Toyota. But in truth, the recalls are about car makers now taking responsibility for faults in their cars which become apparent long after warranties have expired, and that’s no bad thing. The Prius models affected are those built between March 2009 and October 2009 (you can check if your car is affected here) and the UK has 4,947 cars on the road that need to be looked at by Toyota’s dealers.

Ford burns through $5.5 billion in 4th quarter as losses mount

Ford Motor Co., the only U.S. automaker operating without federal loans, burned through $5.5 billion in cash during the final three months of 2008 as losses mounted. Ford finished the year with cash reserves of $13.4 billion.

Market view: why the Jaguar XJ has an uphill battle

By Glen Brooks Motor Industry 10 July 2009 16:11 It’s a sobering thought for Jaguar management that no matter how good the new 2010 XJ is, it’s never going to be a big seller. The global market for large executive saloons was in decline long before the Great Recession appeared, the buyers in this segment increasingly tempted by models as diverse as the BMW X6, Infiniti FX, Cadillac Escalade or Mercedes GL-Class crossovers and SUVs. The generation that was chauffeured in an S-class or XJ is retiring, with the owner-drivers who succeed them soon to be preferring a Porsche Panamera, Aston Martin Rapide or Audi A7.