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French government vows Renault reform after meeting with Ghosn

The French government will see to it that the individuals responsible for the now debunked Renault SA espionage affair are dealt with, the Finance and Industry ministers said in a statement. "The ministers underscored that they will pay close attention to organizational reform and individual responsibility (at Renault) based on the result of the audit," Finance minister Christine Lagarde and Industry Minister Eric Besson said in a joint statement after meeting with Renault CEO Carlos Ghosn on Thursday. The French state, which owns 15 percent of Renault, has called for a thorough investigation into discredited claims that three Renault executives were spying on the carmaker, possibly for a foreign government.

35,000 Toyotas recalled over safety concerns

A total of 35,124 Toyotas in the UK are being recalled following safety concerns over the airbag modules, seat rails and steering columns. Toyota Airbag could fail to go off Some 24,785 UK-registered Toyota RAV4 and Hilux models are being recalled following a possible issue with the spiral cable assembly in the airbag module. Due to the position of a retainer in the system, Toyota admits “there may be a risk when the steering wheel is turned of damage to certain circuits that provide connectivity to the airbag.” This would prevent the airbag from working in a crash, and would illuminate a warning light on the dashboard.

UK Car Sales down 272,000 in 2008

Well, we knew the car industry was in trouble, and that in the last quarter of 2008 car sales fell off a cliff. But it has now been confirmed that overall sales for the UK in 2008 fell by 272,212 units, or 11.3%. December figures alone showed a drop of 21.2% year on year.