Wall Street Journal
Toyota has officially spoken out against allegations that it planted a story in The Wall Street Journal that attributed the majority of the company's unintended acceleration woes to driver error rather than entrapped floor mats or faulty software. The Japanese company's American arm emailed a statement to Just-Auto saying that no one within Toyota has any access to the National Highway Transportation Safety Administration's research, and that no one in the government agency had
The free press? It ain't so free. It's no secret that most publications face rising costs and declining revenues, both of which combine to create bottom lines that would shiver even cash-strapped Chrysler's timbers. So it should come as no real surprise that Consumers Digest makes manufacturers pay for licensing associated with the publication's illustrious "Best Buy" awards. But that hasn't stopped the Zach Bowman
You've seen the dealer commercials before. "Now is the time to buy.... year end sale!" Well, if you want the Pontiac or Saturn of your dreams, this really is the best ever time to deal because it's literally the last chance to get a new vehicle from these brands. The Wall Street Journal reports that General Motors is offering dealers $7,000 in cash for each new Saturn or Pon
The Wall Street Journal has been known to be a bit cynical when it comes to the Chevy Volt but does it really think GM is using a whole program just to angle cash out of Washington? That seems to be the what Holman W. Jenkins, Jr. is arguing in his article, "What Is GM Thinking?" According to the author, because GM's stock is at h
This'll teach me to stare at news feeds all morning. At 7:39 AM EDT, the Dow Jones Newswire reported that the Organization for Petroleum Exporting Countries agreed to cut oil production by 1 million barrels per day (about 3 percent). As a result, early electronic trading saw the price of crude oil futures rise back up above $60 per barrel before the New York Mercantile Exchange rang its opening bell. At the time of this writing, it was at a $1.45 increase.
Hideaki Otaka, Toyota's North American president and CEO stands accused of sexual harrassment. His 42-year-old assistant, Sayaka Kobayashi filed a lawsuit late Monday in the New York Supreme Court against Otaka, 65, along with Toyota Motor and Toyota North America itself, etc.
"Stand by your man" might be an appropriate theme song for General Motors these days. Just a few days after GM's board of directors expressed their support of CEO Rick Wagoner, GM dealers have come out to say that they, too, support the company's big cheese, taking out a full page ad in the Wall Street Journal last Friday. Investors aren't so happy, however, which has put Rick on the interview circuit to defend his record. Let's hope the