October 12, 2013 |
Compact cars are like toasters. Almost everyone, at some point, has owned one. They do their job without drama. Only rarely do they burn you. Automakers have traditionally played it safe in this segment, the automotive equivalent of selling appliances: The products are designed for a simple task, without much thought to style or fun. Compacts are often a buyer's introduction to a brand. The cars' size, price and practicality appeals to a wide swath of customers, whom automakers hope to hook for more expensive purchases throughout their lifetimes.
September 28, 2013 |
Infiniti has a simple plan to break the German stranglehold on the sport sedan segment - build an "overwhelmingly superior" challenger, in the words of Chief Executive Johan de Nysschen. Unfortunately, the 2014 Infiniti Q50 sports sedan fails to hit that high standard. This new model is the first that Nissan's luxury brand has rolled out under the regime of De Nysschen, who came to Infiniti last year from Audi. The Q50 is competitive, to be sure, but it won't transform the brand.
October 19, 2013 |
Acura made its name on upscale sedans and coupes, but its MDX crossover has quietly become the meal ticket for Honda's luxury division. Last year, the MDX made up about a third of Acura's sales in the U.S., and it has been the brand's biggest seller since 2010. So the automaker took the task of redesigning the upscale mid-size hauler quite seriously. It shows. The 2014 version is a ground-up reboot that balances luxury, utility, safety and value better than most of its peers.
July 2, 2013 |
Former KPMG auditing partner Scott London pleaded guilty to an insider-trading charge, and struggled afterward to explain why he jeopardized his career, reputation and freedom for money he didn't need. London, 50, admitted in U.S. District Court in Los Angeles on Monday that he had disclosed privileged information about KPMG's clients to a friend, knowing the tips would be used to trade stocks. District Judge George H. Wu ordered London to return Oct. 21 for sentencing. The conviction carries a maximum term of 20 years in prison.
November 3, 1993
EPA Recalls 36,000 Cars: The agency took the action on 1990 Mitsubishi Eclipses, Eagle Talons and Plymouth Lasers with two-liter turbocharged engines because they failed to meet air pollution standards. Vehicles built to meet California's tougher air pollution standards are not included. The maker of the cars, Diamond Star Motors of Normal, Ill., must notify all owners of the autos by early next year and pay for repair of the defects, the Environmental Protection Agency said.
October 25, 2013 |
Toyota Motor Corp.'s first loss in a sudden acceleration case, in an Oklahoma courtroom this week, could embolden attorneys nationwide who are looking to bring hundreds of similar cases. Worse for the Japanese automaker, the verdict centered on the company's electronics, which have been a focus for plaintiffs seeking to prove safety defects in the company's cars. Toyota on Friday confirmed that it had reached a confidential settlement in the lawsuit, which involved the fatal 2007 crash of a Camry.