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., 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 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. , 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 planning to build the world’s largest battery plant, said its deal to supply Toyota Motor Corp. with battery packs and motors for a rechargeable crossover will conclude this year.
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.