Ford to Invest $135 million into Electric Car Jobs and Development

May 24 (Bloomberg) -- Ford Motor Co., working to make a quarter of its vehicles run at least partly on electricity, plans to invest $135 million and add 220 jobs at three Michigan facilities to help it introduce five such models by 2012.

Toyota Suspends Sales Of Lexus LS On Recall

Toyota Motor Corp. has suspended sales of Lexus LS vehicles in the United States as it waits to receive new parts following after a worldwide recall of the model, The Wall Street Journal reported late Monday on its Web site. On Friday, Toyota recalled about 3,800 late 2009 and certain 2010 Lexus LS 460 and LS 600h L vehicles due to a problem with the steering wheel.

Toyota Issues New Recall

Earlier today, Toyota issued a recall on some Lexus 460 and 600 models. There have been customer issues with the steering wheels on those models.

Bailouts: Solving the Problem or Shifting the Debt?

On Monday, the Treasury Department said that they were going to lose $1.6 billion on a loan they made to Chrysler in 2009. Taxpayer losses from bailing out Chrysler and General Motors are expected to rise as high as $34 billion, congressional auditors have said. Also on Monday, General Motors posted a profit for the first quarter in hopes of going public later this year to end government ownership. However, are the bailouts actually helping anything or is the debt just being shifted to taxpayers?

GM Posts $865 Million Net Income in Push for Public Offering

General Motors Co. reported first- quarter net income of $865 million, helped by higher production and smaller discounts, as the maker of the GMC Terrain and the Chevrolet Equinox works toward an initial public offering.

It's the Best and Worst of Times for Toyota

Toyota cruised back to profit in the latest quarter as the world's top carmaker cut costs and hitched a ride on the global auto sales recovery while fighting to salvage its reputation for quality.

Toyota Waited Almost A Year To Issue Recall!

Toyota waited nearly a year in 2005 to recall trucks and SUVs in the United States with defective steering rods, despite issuing a similar recall in Japan and receiving dozens of reports from American motorists about rods that snapped without warning, an Associated Press investigation has found.

US Cars Superior to Foreign Cars?

In a recent AP-GFK Poll, American consumer sentiment seems to be favoring domestic automobiles over foreign car makers. In the poll, 38% of those surveyed said that American automakers produced the best quality cars. Mean while, 33% of those polled said that foreign automakers produced the best quality cars.