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Toyota to unveil low-cost car next month
Fri, 11 Dec 2009Toyota said it will unveil a concept of its new car for emerging markets at the New Delhi auto show on Jan. 5. The Japanese automaker plans to sell the low-cost compact car in markets such as India, Russia and Latin America.
GM recalls 2013 Cadillac SRX, Buick LaCrosse for software fix
Wed, 20 Mar 2013General Motors is recalling about 26,500 copies of the 2013 Buick LaCrosse sedan and Cadillac SRX crossover for a software problem that could cause the automatic transmission to shift out of manual mode. The affected vehicles are equipped with the Driver Shift Control feature, which allows the driver to shift the automatic transmission similar to a manual transmission. GM said in a report filed with the National Highway Traffic Safety Administration that the software problem may cause the transmission to shift unexpectedly from manual mode back to the automatic transmission, which removes any transmission-related engine braking.
GM returning to leasing with luxury vehicles
Thu, 30 Jul 2009General Motors will return to the leasing business focusing on luxury vehicles, but not on a broader basis, Vice Chairman Bob Lutz said. "We will get back into leasing, but we are not going to use massive subsidized leasing to drive volume because it's volume without profitability," Lutz said July 29 in an interview with Automotive News. "We'd rather sell less at higher profit than sell more at lower profit." Lutz said it still would make sense for GM to do more leasing on its luxury vehicles.