The Delaware River Port Authority , operator of bridges and a rail line between Philadelphia and New Jersey , backed away from delaying a $1 toll increase until 2012 because of concern that waiting would trigger a $240 million termination payment on interest-rate swaps.
Toyota Motor Corp. , the world’s largest seller of hybrid autos, is developing an alternative motor for future hybrid and electric cars that doesn’t need rare-earth minerals at risk of supply disruptions.
Toyota Motor Corp., which recalled Lexus GX sport-utility vehicles this month because stability controls failed to engage fast enough, is recalling Sequoia SUVs to adjust a control system that drivers say is too aggressive.
Toyota Motor Corp. , the world’s biggest seller of hybrid-electric automobiles, said it will repair about 650,000 Prius cars worldwide to correct a water- pump flaw that can cause the vehicles to lose power.
Tesla Motors Inc., the electric-car maker led by Elon Musk, was the top seller of California zero- emission vehicle credits in the past year as Toyota Motor Corp. led hybrid-car credit trades, according to a state tally.
Toyota Motor Corp.’s new Lexus ES and GS sedans have emergency trunk release handles that break too easily and risk trapping someone in the cargo space of the luxury cars, according to Consumer Reports magazine.
Talecris Biotherapeutics Holdings Corp. will proceed with an $800 million expansion of its blood- plasma production capacity amid an announced takeover by Grifols SA , Chief Executive Officer Lawrence Stern said.
Toyota Motor Corp . will recall 1.13 million Corolla and Matrix cars for a flaw U.S. regulators said may cause stalling “at any speed without warning,” a setback as the company seeks to regain its reputation for quality.