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Poised to reclaim the No. 1 car company title from General Motors Co., Toyota has agreed to settle class-action lawsuits related to unintended acceleration claims.
Honda has taken the bull by the horns after lukewarm reviews of its Honda Civic last year and went back to the drawing board for a redesign.
Auto Data Corp. which keeps track of automotive statistics from sales to promotions, said the Toyota Prius has become the bestselling vehicle in California, the nation's single largest vehicle market.
For a lot of consumers a zero percent car loan beats out higher gasoline prices when it comes time to buy a new vehicle.
Automobile industry analysts say Ford Motor Co.'s decision to stop marketing compact pickup trucks in the United States is costing the company customers.
Some U.S. automakers are reaching back to the successful plays in the car sellers manual – buyer incentives have returned.
Don't look for General Motors Co. to shed the nickname "Government Motors" anytime soon even after billionaire Warren Buffett took a serious liking to its stock.
Automobile industry analysts say they are reducing their sales estimates for 2008 in view of declines so far this year.
U.S. car companies are having to offer car buyers more incentives this year as they struggle with tough competition in a weak market, The Detroit News reports.
Honda Motor Co. will stop making the hybrid version of its Accord sedan at the end of the model year due to poor sales, the No. 2 Japanese automaker said.
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United Press International
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