Carmakers To Raise Prices For Fourth Time This Yr; Hike To Range Between Rs 1,500 & Rs 20,000 In New Delhi
TOYOTA, General Motors and Ford are poised to raise car prices for the fourth time this year as they capitalise on cheap funding-fuelled demand and improve profitability that has been under pressure due to rising commodity prices.
HONDA, TOYOTA PLAN TO DEVELOP DIESEL ENGINES
Lijee Philip MUMBAI
JAPANESE carmakers Honda and Toyota plan to develop diesel engines for their passenger cars even as rivals like Maruti Suzuki and Hyundai spend more on building and marketing diesel cars to keep pace with demand.
In the last decade, rising and volatile energy prices coupled with increasing concern about climate change and growing support for action on energy and environmental issues has driven a surge of corporate environmental commitments. Energy efficiency has emerged as a key component of these commitments.
Pressure is mounting on Toyota days before its chief faces a US con- gressional grilling. This after new documents revealed the automaker boasted of saving $100 mil- lion by limiting its safety recalls.
HONDA Motor Co recalled 646,000 of its Fit/Jazz and City automobiles globally over a faulty window switch after a child died when fire broke out in a car last year. The recall includes 140,000 vehicles in the United States and covers the models sold in North America, South America, Europe, South Africa and Asia, but not Japan, a spokeswoman said. The Fit is Honda
Toyota says it is recalling 75,500 vehicles in China for the same gas pedal problem behind the US and European recalls. Toyota Motor Corp on Thursday informed Chinese authorities it will start a recall in February for RAV4 sport utility vehicles that were manufactured in China between March 2009 and January 2010, says spokeswoman Ririko Takeuchi.
The world's largest automaker sees hybrids as the future of low-emis sion cars, plans to double its output by 2011, and add 10 new models in the next few years
Toyota Motor Corp aims to double its global output of gaselectric hybrid cars to 1 million units in 2011, as it fights to stay in the lead in the growing market for lowemission cars, the Nikkei business reported on Monday.
