Ford Motor Co., gaining on hybrid car sales leader Toyota Motor Corp., said it will end a partnership with Japan’s largest automaker to develop gasoline- electric systems for pickups and sport-utility vehicles.
Toyota Motor Corp. ’s investigation of accidents involving unintended acceleration where motorists said they pressed on the brake pedal shows that “virtually all” involved drivers who pushed the accelerator instead, a company spokesman said.
Ford Motor Co., the second-largest U.S. automaker, and Toyota Motor Corp., Asia’s biggest car company, are each saying they produce the best-selling car in the world in the first half. Their definitions are the key.
Toyota Motor Corp. must turn over information about brake-override technology in older model vehicles and describe the role a consulting firm plays in the investigation of unintended acceleration, two lawmakers said.
Toyota Motor Corp. rose in the U.S. and Japan after Asia’s largest automaker said it’s taking a $1.1 billion charge to settle claims that recalls for unintended acceleration hurt the value of U.S. customers’ vehicles.
For the second time in seven months, Toyota Motor Corp. and Ford Motor Co. both claim to produce the world’s top-selling car. The clash shows how counting in the global automotive industry is complicated.
Toyota Motor Corp. plans to say this week it supports a proposal by President Barack Obama’s administration to boost U.S. mileage standards to 54.5 miles per gallon by 2025 after initially expressing concerns, according to people familiar with the carmaker’s position.