Auto 7 Inc 506-0015 Ignition Switch on 2040-parts.com

Toyota to recall 3.8 million autos as floor mats snag gas pedals

Toyota plans to recall as early as next week 3.8 million U.S. Toyota and Lexus models--its largest ever--to fix floor mats that may snag gas pedals and cause vehicles to accelerate at high speeds. In the meantime, U.S.

GM agrees to sell Saab to supercar company Koenigsegg

General Motors confirmed Tuesday morning that it has a tentative agreement to sell Saab to a group led by Swedish supercar maker Koenigsegg Automotive. The deal would close by the end of the third quarter and put Saab in the hands of an upstart, boutique car company known for producing eye-catching cars with gaudy horsepower ratings and even gaudier price tags. The agreement includes $600 million in financing from the European Investment Bank.

Suzuki Wagon R and Mazda AZ Wagon

Suzuki and Mazda have released one of the most important Japanese domestic market vehicles in recent years with the fully redesigned Suzuki Wagon R and Mazda AZ Wagon. Although relatively unknown outside the domestic market, with numerous tax breaks and low CO2 emissions, the kei-car (micro mini) is the largest and the most competitive segment in Japan, making up six of the top ten best-selling cars this year. The previous generation Wagon-R was the best-selling domestic passenger car for the last five consecutive years.