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Toyoda testimony: As automaker grew, safety suffered

Toyota Motor Corp. president Akio Toyoda plans to tell lawmakers on Wednesday that the company regrettably chased growth at the expense of safety in recent years, and he will announce steps to improve Toyota's handling of customer complaints. Toyoda's written testimony to the House Oversight and Government Reform Committee says the automaker's priorities “became confused.” “We pursued growth over the speed at which we were able to develop our people and our organization,” Toyoda says.

KTM halts production of the X-Bow two-seater as inventory grows

With sales well below expectations and 80 units reportedly unsold, Austrian motorcycle company KTM has temporarily halted production of the ultralight X-Bow two-seat sports car. KTM officials originally expected sales of 1,000 units a year. But that lofty goal is being scaled back to between 200 and 300 units a year.

Cabbies test new British-built hybrid Black Cab

LONDON cabbies have seized the chance to test the first in a new wave of low-emissions taxis. At Metrocab's testing facility in Surrey, representatives from the Capital's taxi world met London Mayor Boris Johnson, who after driving the car threatened to turn into Top Gear's Jeremy Clarkson. The Mayor joined Licensed Taxi Drivers Association (LTDA) General Secretary Steve McNamara, and London Cab Drivers Club (LCDC) Chairman Grant Davis to put the Metrocab’s zero emissions capability to the test.