Toyota to pay up to $3.4 billion to settle U.S. truck lawsuit
Toyota will pay up to settle a class action lawsuit brought by U.S. pickup truck and SUV owners whose vehicles lacked adequate rust protection. Two of the models were made in Indiana.
Toyota will pay up to settle a class action lawsuit brought by U.S. pickup truck and SUV owners whose vehicles lacked adequate rust protection. Two of the models were made in Indiana.
General Motors also announced that it would invest more than $900 million in three plants to prepare for undisclosed new vehicles, including a plant in Indiana that has about 870 employees.
The work will concentrate on a 1-acre Anderson site where officials say tests have found the carcinogenic solvent trichloroethylene, or TCE.
Moriden America makes cargo systems and interior trim for the auto industry and plans to ramp up production to meet demand from a Subaru assembly plant in Lafayette.
General Motors officials are set to announce what is expected to be a major investment at an Indiana factory that will allow it to retain more than 1,400 jobs.
A nearly $15 billion settlement over Volkswagen's emissions cheating scandal cleared a key hurdle Tuesday, with a federal judge giving preliminary approval to the deal that includes an option for owners to have the carmaker buy back their vehicles.
A federal appeals court ruling that General Motors can't use its 2009 bankruptcy to fend off lawsuits over faulty and dangerous ignition switches exposes the automaker to billions in additional liabilities, according to legal experts.
Toyota Boshoku Indiana LLC has launched a $10.6 million expansion of its plant in Princeton.
However, after six straight years of growth—and record sales of 17.5 million last year—U.S. sales are beginning to plateau.
The figure would be the largest auto scandal settlement in U.S. history. An estimated 6,638 Volkswagen customers in Indiana could be eligible for estimated compensation of $66 million, Indiana’s attorney general said.
An Indiana auto assembly plant and economic development officials have turned to Fort Campbell, Kentucky, to find employees.
Sales of cars, trucks and SUVs fell 6 percent last month, to 1.54 million, according to AutoData Corp. It was the biggest monthly drop in nearly six years.
Automated trucks initially will have drivers on board in case something goes wrong, a similar model to the one employed by airlines (pilots’ role in the cockpit is mostly precautionary since planes can run on autopilot).
Toyota says the factory has produced 4.3 million vehicles, including Highlander and Sequoia SUVs and Sienna minivans.
The increases showed that Americans are still buying cars and trucks in big numbers, despite predictions by some analysts and dealers that sales have peaked.
Automakers posted big U.S. sales gains in February as consumers returned to showrooms after a snowy January.
Tesla Motors Inc. prevailed Thursday in Indiana, where lawmakers sidelined a bill that would have kicked the company out of the state unless it establishes dealerships.
Tesla Motors Inc., which has long skirmished with auto dealers over its practice of selling cars directly to consumers, has accused General Motors Co. of being the driving force behind a bill to kick Tesla out of Indiana.
Honda Manufacturing of Indiana announced the SUV will join the Civic sedan in being assembled at the Greensburg plant. Honda said the move coincides with ending production of the CR-V in Guadalajara, Mexico.
A federal bankruptcy judge has ruled that people suing General Motors over faulty ignition switches can seek punitive damages that could cost the company millions of dollars or more.