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Political Economy Archive: Auto industry

Toyota recalls 2.1 million vehicles in U.S.

Toyota announced Thursday morning that it is recalling another 2.1 million vehicles in the United States for problems related to unintended acceleration. The latest recall is a massive setback for the company's efforts to move beyond the highly publicized safety defects that prompted Congressional hearings and led to staggered sales.

By Peter Whoriskey  | February 24, 2011; 10:13 AM ET  |  Permalink  |  Comments (11)
Categories:  Auto industry, Toyota  
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Results of probe of Toyota acceleration problems expected today

The results of a 10-month federal probe into the possible electronic causes of unintended acceleration in Toyotas are expected to be released Tuesday afternoon, with Department of Transportation officials and scientists from NASA explaining their findings.

By Peter Whoriskey  | February 8, 2011; 8:44 AM ET  |  Permalink  |  Comments (9)
Categories:  Auto industry, Corporations  
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Chevrolet Volt named Car of the Year

General Motors Vice Chairman of Global Product Operations Thomas Stephens accepts the North American Car of the Year Award for the Chevrolet Volt. DETROIT -- The fuel-efficient Chevrolet Volt won the 2011 North American Car of the Year and...

By Peter Whoriskey  | January 10, 2011; 8:55 AM ET  |  Permalink  |  Comments (5)
Categories:  Auto industry  
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Unemployment jumps to 9.8 percent, a sign of slower recovery

After three months of holding steady, the unemployment rate rose to 9.8 percent in November, with U.S. payroll employment showing little growth, the U.S. Bureau of Labor Statistics reported today, in another sign of weakness in the recovery.

By Peter Whoriskey  | December 3, 2010; 9:13 AM ET  |  Permalink  |  Comments (44)
Categories:  Auto industry, Housing, U.S. Labor Department, Unemployment  
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Head of autos task force reflects on GM's comeback

ron bloom, senior treasury advisor for obama's task force, said in an interview that the gm ipo was a milestone.

By Brady Dennis  | November 19, 2010; 7:15 PM ET  |  Permalink  |  Comments (1)
Categories:  Auto industry  
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GM shares close 3.6 percent up; Obama says bailout worked

After a quick jump this morning of six percent, General Motors' stock is now hovering at a four percent gain, at roughly $34 a share this afternoon. The stock, which was priced at $33 a share for the IPO, surged to nearly $36 a share minutes after chief executive Dan Akerson ran the opening bell at 9:30 a.m. using the horn blare of a 2011 Chevrolet Camaro SS. The price leveled off through the morning at around $35 a share with U.S. stocks up broadly. The Dow Jones Industrial Average was up 1.58 percent to 11181.40. The S&P has risen 1.63 percent to 1197.77. The lack of volatility indicates that GM priced the IPO well. "Seems like they were pretty much on the mark to me," said Bill Visnic, a senior editor at Edmunds.com.

By Jia Lynn Yang and William Branigin  | November 18, 2010; 5:16 PM ET  |  Permalink  |  Comments (103)
Categories:  Auto industry, Corporations  
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Older Entries in This Category »

GM says its IPO will be priced at $33 a share, Jia Lynn Yang , November 17, 2010
Industrial growth slowed in August, Anne Bartlett , September 15, 2010
Car czar's new tell-all book: Rahm curses UAW, Ariana Eunjung Cha , September 3, 2010
 
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