Toyota's Troubles Could Be Accelerating

DETROIT — General Motors is recalling nearly 60,000 Saturn Aura midsize cars because the automatic transmission shift levers can show the wrong gear, and says it has known about the problem for more than two years. The problem, caused by failure of the transmission shift cable, has led to 28 crashes and four injuries but no deaths during the past seven years, GM said in a statement issued Tuesday. The Auras can roll away unexpectedly because the driver may think the car is in “Park” when it’s in another gear.

Despite the unfavorable press following an ongoing series of recalls, experts and investors agree that General Motors is far from the end of the road.

AFP - Japanese automaker Toyota re

Washington (AFP) - General Motors shares fell more than one percent Friday after its latest recall for another problem related to auto ignitions.Following a year when it recalled some 30 million vehicles worldwide, the top US automaker began 2015 with a new alert for owners of around 92,000 additional trucks and SUVs.

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Toyota said it had agreed to pay about $1.1 billion to settle a class action lawsuit launched by US vehicle owners affected by a series of mass recalls from the Japanese automaker. Toyota did not accept any blame but agreed to compensate owners who argued that the value of about 16.3 million vehicles took a hit from dozens of deadly accidents allegedly caused by Toyota vehicles speeding out of control in 2009.