Honda yesterday posted a surprise net loss for its fourth quarter as its quality-related costs, mostly to recall Takata-made air bag inflators, nearly quadrupled for the full business year.
Toyota president Akio Toyoda will attend a US government hearing next week about the car maker’s massive recalls.
Embattled car maker Toyota and the US government are probing complaints that the popular Corolla model is difficult to steer straight, it emerged today.
Toyota took full-page ads in major Japanese newspapers today to apologise for massive recalls and began fixing braking faults on two problem hybrid models as pressure mounted on the car maker to come clean over defects.
The US Transportation Department has opened an investigation into brake problems in the Toyota Prius 2010 model after the Japanese carmaker acknowledged design problems with the brakes in its prized gas-electric hybrid.
Passenger and cargo flights between the US and China will increase under a deal signed by transportation secretary Mary Peters and Chinese minister of civil aviation Yang Yuanyuan.
Virgin America, a low-cost carrier backed by billionaire Richard Branson, won final approval to begin US flights and keep chief executive Fred Reid for six months.
European companies would be allowed larger stakes in US airlines under a tentative agreement reached between the US and European Union.
BP says the corrosion discovered at its huge Alaskan oil field is so severe it could shut down America’s single biggest source of domestic crude for months and drive world fuel prices even higher.
For the first time, the typical American family has more vehicles in the garage than licensed drivers in the house.
The ban on air services between the US and Iraq has been lifted for the first time in nearly 13 years.
The Bush administration today moved steadily toward a military showdown with Iraq and suggested a decision could come as early as next week after UN inspectors credited Iraq with only limited cooperation in the search for weapons.
Tuesday, September 22, 2020 - 8:00 PM
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