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Toyota goes on offensive, seeks 100 percent owner response to recall notice

Toyota Motor Corp., spurred by criticism that previous recalls failed to prompt enough owners to seek fixes, hopes to distribute mailings this week to the 2.3 million owners targeted in a January recall. Toyota says it will be vigilant in reaching each of the affected customers and hopes to have all repairs done within 90 days. The goal was outlined today as the automaker detailed its strategy for eliminating the possibility of unintended acceleration in the eight Toyota-brand models that were the focus of a Jan.

Motorists Still Paying A High Price At The Pumps

THE LATEST report from the AA highlights the depressing fact that motorists continue to cough up when filling up at the pumps. According to the motoring organisation, average petrol prices at the pumps are staying "stubbornly above" 130p a litre despite discounts in many areas. While a number of fortunate motorists have been getting petrol for around 128p a litre of late, the average price nationwide is 130.46p a litre, the AA said.

Ferrari posts record sales despite economic uncertainty

Global economic waters are far from calm, but Ferrari has managed to steer clear of the turmoil. The Italian automaker has released sales figures for the first six months of 2012, and they’re impressive by any measure. Revenues for the first half of the year are up nearly 12 percent, and net profits have risen 10 percent to over $130 million.