Quick Steer Ball Joint Eqck80008 on 2040-parts.com

Toyota to pay $32.4 million U.S. fine over timing of recalls

Toyota Motor Corp. agreed on Monday to pay two more safety fines for a total of $32.4 million, the maximum allowable under U.S. law, to settle federal investigations of whether the company notified regulators of safety defects in timely fashion.

Tesla opens its patents for everyone to share EV knowledge

By Michael Karkafiris Motor Industry 13 June 2014 10:43 Elon Musk, CEO of Tesla Motors and one of the most talked-about personalities in the automotive industry, announced today that his company has opened all of its patents to make way for the competition to catch up and promote electric mobility for a wider audience. Open-sourcing your patents is a rather unusual strategy in the automotive world but Musk says that ‘Tesla Motors was created to accelerate the advent of sustainable transport. If we clear a path to the creation of compelling electric vehicles, but then lay intellectual property landmines behind us to inhibit others, we are acting in a manner contrary to that goal.

1958 Ferrari Berlinetta sells for $3.6 million at RM auction in London

A 1958 Ferrari sold for $3.6 million at RM Auctions' annual event in London on Oct. 26. But other top lots--including another Ferrari, a Lamborghini and an Aston Martin--failed to reach the reserve price for a sale.