Auto Sector

Consumers sue Toyota over unintentional acceleration of vehicles

More than 1,000 Toyota and Lexus owners have complained since 2001 that their vehicles suddenly accelerated on their own, in several cases causing accidents.

Customers sued Toyota, claiming that a number of fatal crashes were occurred due to unintended acceleration.

Plaintiff's lawyer David Wright said that over 2,000 complaints have been determined from litigation and consumer-reported complaints to Toyota.

David Wright claimed that unintentional acceleration incidents had resulted in 16 deaths plus 243 injuries.

Car sales jump highest in October

Sales of new cars soared 32 per cent in October year-on-year, the highest rise in the last ten years.

Figures compiled by the Society of Motor Manufacturers & Traders revealed that as many as 168,942 new cars were registered in October as compared with 128,352 in the same period of 2008.

The Government's 'cash-for-bangers' scheme played a vital role in pushing the car sales up as it accounted for about a fifth of new car purchases.

Electric Car Designed by Gordon Murray Unveiled

Gordon Murray, the former Formula One vehicles designer, has unveiled an electric car which has been completely conceptualized and designed by him. Over the coming 16 months, as many as three prototypes of the car, called the T. 27 for now, will be developed.

GM takes a U-turn on Opel deal

US automaker General Motors took a U-turn on Tuesday when it announced that it would retain its Opel division and cancelled the planned sale to Canada’s Magna International and its Russian partner, Sberbank.

The cancellation of planned sale is a tough blow to the German government, which spent a long time in negotiations with the GM to facilitate the sale to Magana.

German government was ready to provide the GM with a financial aid worth 4.5 billion euros to aid the sale to Magana.

Ford workers reject cost-saving agreement

Ford Motor Co.’s union workers rejected the concession agreement that would have helped the automaker make more cuts to its labor costs.

The concerned agreement includes a ban on strikes over wages and benefits for at least six years and freezing wages of new workers until 2015.

The company has promised its workers a bonus of $1,000 in case they approve the contract.

But, Dearborn workers have already voted 93 per cent against the contract, while Kentucky witnessed 84 per cent workers voting against the contract.

UAW opposes new Ford contract

Workers of the Ford Motor Co. rejected union contract concessions, dashing automaker's hope to ensure cost-cutting changes.

The contract changes include a 6-year ban on strikes over wages and benefits and freezing wages of new workers until 2015.

84 per cent of the United Auto Workers union Local 862 voted against the changes in Louisville.

Workers at the Dearborn plant in Michigan voted 93 per cent against concessions.