A 1936 Bugatti Type 57SC, one of two in existence, set a new record for the selling price of an automobile at auction. The car sold to the Mullin Automotive Museum in California, for a sum between $30 and $40 million. The price eclipses the previous record, which was $12.2 million paid for a 1957...
General Motors has announced the recall of 40,029 Corvettes from model years 2005 and 2006. Cars built between March 2004 and January of 2006 are included in this recall. Repeated repositioning of the tilt and telesoping steering wheel may degrade the signal of sensors related to the vehicle's...
BYD, short for "Build Your Dreams", announced the creation of a North American headquarters in Los Angeles, California. The facility will house R&D, sales and marketing, but will not be used for manufacturing. BYD has indicated that a manufacturing facility in California may be in the works...
Toyota has announced a fix for the stability control system of Lexus GX460 SUVs and will resume worldwide sales of this model. Sales of Lexus GX460s were halted after Consumer Reports magazine uncovered problems with the SUVs stability control system. In extreme conditions, the system's delayed...
Convinced that Hyundai's reclining seats were a defect, a Texas jury awarded the family of 19 year old Sarah Goodner damages in the amount of $1.8 million. Goodner was killed when the Hyundai Tucson she was riding in flipped on a Texas highway. Although she was wearing a seat belt at the time of...
Ford has announced the recall of 33,000 sedan and SUV models, including the Ford Explorer, the Ford Explorer SportTrac, the Ford Fusion, the Mercury Mountaineer and the Mercury Milan. The seat recline mechanism in these models can fail during a rear-impact collision, resulting in potential injury...
Chevrolet has chosen this week's Beijing Auto Show to debut a 5 passenger crossover concept vehicle based on the Volt electric car. Called the Volt MPV5 (Multi Purpose Vehicle, 5 passenger), the new design will utilize the battery electric propulsion system designed for the Volt sedan. Like the...
Harley-Davidson motorcycles has reported a 24.3% decrease in sales in Q1 2010 as compared to Q1 2009. The sales decline is a result of the poor U.S. economy limiting demand for heavyweight motorcycles, coupled with tightening credit requirements. Harley-Davidson sees the decline as expected, and...
Britain is testing the use of satellites to track speeding motorists. The technology, called "SpeedSpike", measures a car's speed over a fixed distance and can read a license plate in any weather condition, at any time of day. The system is marketed as being a cost-effective alternative to building...
Toyota was fined a record $16.4 million by the United States Department of Transportation for failing to promptly disclose problems with their accelerator pedals sticking on certain models. When a manufacturer becomes aware of such a potential safety issue, they have five business days to notify...
