News archive

November 2012

Edmunds.com advises how to spot flood-damaged cars

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(November 1, 2012) SANTA MONICA, Calif. — Used car shoppers — including those not on the East Coast — should be on the lookout for flood-damaged vehicles that often hit the market after a major hurricane, says Edmunds.com. The advisory comes in the wake Hurricane Sandy, which caused massive flooding in several Northeast and Mid-Atlantic cities in the U.S.

Ford appoints Fields COO putting him in line to succeed Mulally

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(November 1, 2012) DEARBORN, Mich. — Ford appointed Mark Fields chief operating officer putting him in line to succeed Alan Mulally when he retires no sooner than the end of 2014. The appointment of Fields, 51, was part of a sweeping overhaul of Ford's executive ranks unveiled today.

Speculation about Fields' possible appointment has been ongoing for several weeks.

Chrysler reports 31st consecutive month of sales growth

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(November 1, 2012) AUBURN HILLS, Mich. — Chrysler today reported U.S. sales of 126,185 units, a 10 percent increase compared with sales in October 2011, and the group’s best October sales since 2007. The Chrysler, Dodge, Ram Truck and Fiat brands each posted year-over-year sales gains in October compared with the same month a year ago.

Toyota donates $1 million to support Hurricane Sandy relief efforts

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(November 1, 2012) NEW YORK — Toyota has announced a $1 million contribution to the American Red Cross and other nonprofit organizations to support relief efforts for victims of Hurricane Sandy in the regions worst-hit by the storm.

In addition, Toyota will match employee contributions to the American Red Cross and other non-profits doing relief and recovery work in affected communities.

Honda marks 30 years of building cars in U.S.

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(November 1, 2012) MARYSVILLE, Ohio — Honda today marked its 30th anniversary of U.S. auto production by reaching cumulative investments of more than $1.2 billion in U.S. manufacturing operations in the last two years, including the announcement today of more than $200 million in new investments in its Russells Point, Ohio, transmission plant and Anna, Ohio, engine plant, which will add 200 new manufacturing jobs.