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BUSINESS
March 8, 2011 | By Jerry Hirsch, Los Angeles Times
Toyota Motor Corp. will recall about 22,000 vehicles because a tire-pressure monitoring system might fail to notify drivers of a flat or deflated tire. The recall affects Toyota Sequoia, FJ Cruiser, Land Cruiser, Tacoma and Tundra vehicles from the 2008 to 2011 model years. Toyota has issued recalls of more than 13 million vehicles since September 2009 in the U.S. alone, including the recall of more than 2 million vehicles to correct problems with floor mats and other issues that could cause unintended acceleration.
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BUSINESS
July 7, 2011
2012 BMW 650i convertible Base price: $91,375 (including destination charge) Price, as tested: $103,525 Powertrain: 4.4-liter, twin-turbocharged, DOHC, 32-valve V-8 with VVT; eight-speed automatic transmission with manual shifting and sport mode. Horsepower: 400 at 5,500-6,400 rpm Torque: 450 pound-feet at 1,750-4,500 rpm 0-60 acceleration: 4.9 seconds Curb weight: 4,531 pounds Wheelbase: 112.4 inches Overall length: 192.8 inches EPA fuel economy: 16 mpg city/24 mpg highway Final thoughts: Choose your own adventure.
BUSINESS
April 25, 2011 | By Steve Goldstein
Sales of new homes rose 11.1% in March from February, the Commerce Department said Monday, marking a mild improvement from the worst-ever showing as the effect of winter storms and an expiring California tax credit wore off. The still-bleak reading of a seasonally adjusted annual rate of 300,000 sales represented a 21.9% nose dive from March 2010 levels. However, the level beat a MarketWatch-compiled economist estimate of 290,000, and February's low reading of 250,000 was revised up to 270,000.
BUSINESS
April 8, 2010 | By Jerry Hirsch
General Motors Co. is beginning to generate positive cash flow and could be profitable this year, the automaker's top financial officer said Wednesday while announcing a restructuring of the company's financial statements, one of the conditions it has to meet before the federal government can sell its massive stake in the automaker. In documents the company filed with the Securities and Exchange Commission, GM outlined what it called "fresh-start accounting," new financial statements that represent the company's status after its bankruptcy reorganization last year.
BUSINESS
November 18, 2011 | By Neela Banerjee, Los Angeles Times
On an August morning in 2008, a handful of executives from the country's top car companies, several environmentalists and two of California's most powerful pollution regulators met in a windowless conference room in a hotel next to Los Angeles International Airport. For 30 years, the car companies had been locked in battle with California and environmentalists over increasing vehicle fuel efficiency and cutting air pollution. But that meeting at the Radisson Hotel brought together new government and industry leaders able to capitalize on new technologies in a market ready to adopt fundamental changes in cars.
BUSINESS
July 26, 2012
2013 Acura ILX Base price: $26,795 (including destination charge) Price, model tested: $32,295; ILX Tech Powertrain: 2.0-liter, SOHC four-cylinder engine; five-speed automatic transmission with paddle shifters Horsepower: 150 at 6,500 rpm Torque: 140 pound-feet at 4,300 rpm Curb weight: 2,970 pounds Wheelbase: 105.1 inches Overall length: 179.1 inches EPA fuel economy: 24 mpg city/35 highway Observed fuel economy:...
BUSINESS
December 1, 2010 | By Jerry Hirsch, Los Angeles Times
The first production Chevrolet Volt has rolled off the assembly line at a General Motors Co. factory in Detroit, but anyone who wants to buy the electric-drive vehicle is going to have to bid for it. The Volt ? bearing the vehicle identification number ending in BU100002 ? will be auctioned off, with all proceeds benefitting the Detroit Public Schools Foundation, the automaker said. Details on the auction can be found at Volt.CharityBuzz.com . Bidding ends Dec. 14. "Every aspect of the Volt ?
BUSINESS
October 28, 2011 | By Jerry Hirsch, Los Angeles Times
Chrysler Group said Thursday that it swung to a profit in the third quarter. The company, which is gradually combining its operations with those of majority shareholder Fiat, the Italian automaker, said it had net income of $212 million in the third quarter, contrasted with a loss of $84 million in the same period a year earlier. "Chrysler is outpacing the industry this year with sales up 26.1% third quarter to third quarter and 23.1% for the year," said Michelle Krebs, an analyst with auto information company Edmunds.com.
BUSINESS
October 27, 2011 | By Jerry Hirsch, Los Angeles Times
Ford Motor Co. posted a big third-quarter profit, but it was slightly less than in the same period a year earlier as losses in Europe and Asia dragged earnings down. Ford said it had net income of $1.6 billion, about 2% less than in the same period a year earlier. Ford's profit amounted to 41 cents a share, down from 43 cents in the year-earlier period. The company was profitable in North America and South America but lost money in other regions of the world. Earnings also fell because of how the automaker accounts for hedging against rising commodity prices.
BUSINESS
August 23, 2012
2013 Cadillac XTS Base price: $44,995 (including destination charge) Price, model tested: $62,300; XTS AWD Platinum Powertrain: 3.6-liter, DOHC, direct-injected V-6 engine; six-speed automatic transmission with paddle shifters and manual mode Horsepower: 304 at 6,800 rpm Torque: 264 pound-feet at 5,200 rpm Curb weight: 4,215 pounds Wheelbase: 111.7 inches Overall length: 202 inches EPA fuel economy: 17 mpg city/26 highway...
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