DETROIT (Reuters) – Toyota Motor Corp plans to spend $1.1 billion to resolve sweeping U.S. class-action litigation over claims that millions of its vehicles accelerate unintentionally, as the Japanese automaker looks to turn the page on the biggest safety crisis
Young voters formed the backbone of President Barack Obama’s coalition, but the recession in Obama’s economy has left “workers between the ages of 18 and 24 with the highest unemployment rate of all adults” and, as a result, a record
Just over 1/2 of 1% of anything is a paltry number, unless you are a fact-free Enviro-Mental – in which case it is cause to revel. These (electric/hybrid) vehicles were 0.65 percent of total North American sales, again a best-ever
Japan has signed a memorandum of understanding with India to promote joint production of rare earth minerals, a move which will help reduce its reliance on China which controls most of the world’s supply. Under the memorandum signed Friday, the
President Barack Obama incessantly touts the alleged “success” of the $50 billion General Motors (GM) bailout, evidence to the contrary notwithstanding. General Motors – The Government’s Warped Definition of ‘Success’ Much like the Obama Economy, General Motors’ numbers are tanking.
President Barack Obama was on the campaign trail, at least as late as this July, claiming that $50-billion-bailed-out General Motors (GM) was back – as the globe’s top car seller. The President was saying this long after it stopped being
For several years I have been blogging that A 123 Systems and their lithium ion battery would fail. A 123 was an investor in Al Gore’s wonder car company, Fisker. Not only was it an investor, but it was also
By ALICIA CHANGAP Science WriterLOS ANGELESSlowly surmounting a key obstacle, the shuttle Endeavour was rolling through the streets of Los Angeles toward its retirement home at a science museum. Endeavour’s terrestrial journey began before dawn Friday when it departed from
Toyota has scrapped plans for widespread manufacturing and sale of a new mini-car that was to be powered as electric only. Reuters reports that Toyota stated they “had misread the market and the ability of still emerging battery technology to
(AP) GM offers big discounts to boost Volt salesBy TOM KRISHERAP Auto WriterDETROITGeneral Motors rolled out the Chevrolet Volt two years ago with lofty sales goals and the promise of a new technology that someday would help end America’s dependence
ELAINE KURTENBACHAP Business WriterTOKYOScores of Japanese-owned factories and stores in China were shuttered Tuesday as anti-Japan demonstrations erupted in dozens of cities. At stake are billions of dollars in investments and far more in sales and trade between Japan and
Vice President Joe Biden has a suggested slogan for the Obama/Biden 2012 campaign. He repeats it everywhere he goes. “Osama Bin Laden is dead,” he bellows, “and General Motors is alive!” There’s only one problem. He’s wrong. Yes, Bin Laden’s
General Motors Co sold a record number of Chevrolet Volt sedans in August — but that probably isn’t a good thing for the automaker’s bottom line. Nearly two years after the introduction of the path-breaking plug-in hybrid, GM is still
By MICHAEL WEISSENSTEINAssociated PressMEXICO CITYTwo U.S. government employees were shot and wounded in an attack on their vehicle south of Mexico City on Friday, a law enforcement official said. The two were riding in an armored U.S. Embassy sport utility
(AP) ‘Top Gun’ director dies after jumping off bridgeBy CHRISTOPHER WEBERAssociated PressLOS ANGELES Tony Scott, director of such Hollywood blockbusters as “Top Gun,” “Days of Thunder” and “Beverly Hills Cop II,” died Sunday after jumping from a Los Angeles County
(AP) GM recalls popular Cruze over fire riskBy TOM KRISHERAP Auto WriterDETROITEngine fires are forcing General Motors to recall the Chevy Cruze, a popular model that has helped GM win back small-car buyers. The recall covers 475,000 vehicles made in
Fresh from promising students that they can have as much sex as they want through his new contraception mandate, President Obama now promises them they can get as educated as they want, for free. His website boasts that his administration
Shortly before he became Obama’s Secretary of Energy, Steven Chu was quoted by the Wall Street Journal as saying “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.” To be clear
From The Houston Chronicle: Around 1:52 p.m., a dark-colored, late-model Toyota Camry pulled up next to the Scouts selling cookies outside the Walmart at Grand Parkway and Bellaire. A passenger got out of the car, stole the cash box and
Smack in the middle of the San Fernando Valley, just a few miles south of where the 405 freeway abuts Interstate 5, stands a sixty-year-old Budweiser brewery. In the shadow of the landmark’s hundred foot exhaust stacks is my daughter’s
The Jerusalem Post reported yesterday that the Israeli Air Force (IAF) had struck several vehicles in eastern Sudan last week. An earlier airstrike in Sudan, April 2011 (Source: BBC) The targets were apparently smuggling convoys–presumably loaded with weapons destined for
Adam Carolla isn’t shocked most comedians’ acts tilt toward the left. “It’s an easier team to back if you live in Hollywood,” says Carolla, host of the most downloaded podcast on the Internet, ‘The Adam Carolla Show.’ What’s hypocritical, Carolla
This lucky image was captured two days ago in the Dasht-e-Margo (Desert of Death). The Baloch tribesman is a member of the Afghan National Police and was part of an Afghan security escort to a very remote dam. I was
[audio: http://newledger.com/podcasts/CoffeeandMarkets093011.mp3] Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss the latest consumer spending numbers, China’s push to corner the market on
Every time we turn around these days President Obama is touting the idea that the “future” of America lies in green energy and one of those greenie ideas is an Obama favorite: electric cars. Not to let him down, Government
In this, the third Age of Bailout, the Troubled Asset Relief Program (TARP)’s $50 billion General Motors (GM) bailout (upped from $20 billion by President Barack Obama) is yet another unmitigated disaster. But a few of the many failures: GM
The Obama Administration has threatened to veto the House of Representative’s “Cut, Cap and Balance” deficit reduction legislation; because it does not preserve what the President refers to as “investments that encourage economic growth”. A signature example of that Presidential
Over the weekend, news broke that the White House intends to push for fuel efficiency standards that would require cars and light trucks sold in the U.S. to average 56.2 miles per gallon of gasoline by 2025. The latest effort
Via Roll Call: A collection of 15 Republicans — all former Members of Congress, governors or Environmental Protection Agency administrators — called on the president Wednesday to set aggressive auto emission and fuel efficiency standards beginning in 2017. “I’m just
As a result of this morning’s post condemning an outrageous post from Wonkette in which blogger Jack Stueff mocks Trig Palin over his Down Syndrome and suggests that Todd Palin slept with his daughter, outrage spread across Twitter and now
So roughly a year ago, reporters went batpoop crazy over possessed Toyotas that accelerate without your consent – smashing into other sedans, running into and over people, or worse: ruining floral mailboxes that look like miniature versions of stately homes.
I disagree with the staff at Automotive News and their selection of the Toyota recall story as the top automobile-related news story of 2010. The story that deserves at least as much attention has to do with how members of
More twisted logic at the NYT. Richard Barrett coordinator of the United Nations Al Qaeda-Taliban monitoring team (whatever that is) says that is time to sit down and chat with the Taliban. The reason? The Taliban leadership has been so
From the Associated Press: The world’s highest-grossing film and one of the most awarded TV shows are also some of the greenest productions around. “Avatar” and “30 Rock” were among the winners of the 2010 Environmental Media Association awards on
Deceiver: And really, what’s one or two predominantly situated Dunkin’ Donuts cups? It’s not like there’s some laundry list of other products that bought their way into the movie. Oh, hang on . . . This production of Wall Street
While chaos theory has had a place in science since mathematician and physicist Jules Henri Poincare first coined the term in the 1880s, it made its way into pop culture with the introduction of the so-called butterfly effect by fiction
So I’m driving down the 405 in West Los Angeles, thinking about how I can’t exist while others who believe differently from me exist, when I see it – a blue bumpersticker on the back of a Prius with the
On Tuesday, May 18, in busy rush hour traffic, a suicide bomber drove his Toyota minivan, packed with 1650 lbs. of explosives, alongside a NATO convoy in Kabul, Afghanistan and detonated. Eighteen people were killed, including five American soldiers and
On Tuesday, May 18, in busy rush hour traffic, a suicide bomber drove his Toyota minivan, packed with 1650 lbs. of explosives, alongside a NATO convoy in Kabul, Afghanistan and detonated. Eighteen people were killed, including five American soldiers and
Watch the latest news video at video.foxnews.com Fox News: The proposed fine, announced Monday by Transportation Secretary Ray LaHood, is the most the government could levy for the sticking gas pedals that have led Toyota to recall millions of vehicles.