President Barack Obama has put $5 billion in taxpayer money behind his goal of having 1 million electric cars on U.S. roads by 2015. The Republican presidential ticket says it’s money wasted on “losers.”
Nissan Motor Co.’s struggle to move ahead of Honda Motor Co. in the U.S. hangs on the new Altima being shown today in New York. It’s designed to boost the sedan’s appeal after it passed Accord in 2011 to become the No. 2-selling car.
With General Motors Co. so far weathering a record-setting year of recalls with strong sales and a stable stock price, U.S. lawmakers are poised to refocus attention on the automaker’s decade-long mishandling of the original ignition-switch flaw that led to hearings in Congress.
Toyota Motor Corp. ’s U.S. vehicle sales fell in 2010 while industrywide sales rose 11 percent and every other major automaker reported gains. Ford Motor Co. moved up to second place behind only General Motors Co.