TOYOTA

Toyota Motor Corp faced scrutiny from Congress over its biggest ever safety recall as rival Honda Motor Co, tipped to gain from Toyota's woes, also said it would recall thousands of cars worldwide.

World number one air bag and seatbelt maker Autoliv expects sales will rise strongly this year on demand from China and North America, as it posted above-forecast fourth-quarter earnings, sending its shares higher.

Toyota Motor Corp faced scrutiny from Congress over its biggest ever safety recall as investors, suppliers and consumers weighed the impact of an unprecedented halt in U.S. production by the No.1 automaker.

Congressional investigators on Thursday sought documents on Thursday from Toyota Motor Corp and U.S. safety regulators about a pair of safety recalls the automaker was racing to address.

Toyota Motor Corp is consulting with U.S. safety regulators on a fix that would allow it to avoid the more costly option of shipping brand new accelerators for over 2 million Americans with vehicles under recall, two people briefed on the talks said.

Ford Motor Co posted its first full-year profit since 2005 on Thursday and said it expects to stay profitable in 2010 despite a still-fragile economy and a debt-heavy balance sheet.

Toyota Motor Corp has halted U.S. sales of some of its best-selling vehicles under to address a product safety crisis that threatens its once untouchable reputation for quality.

Toyota Motor Corp. announced further model recalls on Thursday, saying that it would spread to China and Europe after faulty accelerator pedal problems were reported.

Toyota Motor Corp extended its safety recall of millions of its most popular cars to Europe and China on Thursday in a further blow to the reputation of the world's largest auto maker.

Toyota Motor Corp is extending to Europe the recall of millions of its most popular cars due to dangerous accelerator pedals, a further blow to the reputation of the world's largest car maker.

Ford Motor Co. has stopped production of a full-size commercial vehicle sold in China after discovering that its gas pedal comes from the same supplier that forced Toyota to issue a broad recall of cars.

Toyota Motor Corp could face an unprecedented recall of 8 million cars over problems with sticking accelerators in the biggest ever blow to the reputation of the world's largest auto maker.

Toyota Motor Corp shut down sales of its best-selling vehicles on Wednesday under pressure from the Obama administration to address a product safety crisis that threatens its image in its largest market.

Toyota Motor Corp late on Wednesday said it is expanding a recall of its cars and trucks by another 1.1 million vehicles to address the risk of accelerator pedals becoming dangerously stuck.

CTS Corp, supplier of accelerator pedals used on eight vehicle models recalled by Toyota Motor Corp, said on Wednesday it is in talks with Toyota about a remedy for the problem.

Toyota Motor Corp shares dropped more than 8 percent on Wednesday in U.S. trading as concern deepened about the automaker's suspension of sales and production of some of its best-selling vehicles due to problems with faulty accelerators.

Toyota Motor Corp will suspend U.S. sales of eight models subject to a massive safety recall, an unprecedented move that sent its shares tumbling and raised questions about the timing of its earnings recovery.

Toyota Motor shares were down 7 percent on the New York Stock Exchange in morning trading, following the company's unprecedented decision to discontinue eight of its most popular models in the U.S. following reported problems with the accelerators.

Toyota Motor Corp said it will suspend sales in North America of eight models involved in recall, a move that could throw the timing of its earnings recovery into doubt and one that pushed its shares 2 percent lower.

Volkswagen revised its previous assumptions for global car market sales lower by 67 million vehicles for the period through 2018, Automobilwoche reported, citing a letter presented to VW's top management.

Toyota Motor Corp said on Thursday it will recall millions more vehicles in the United States, its second massive recall in four months, this time to fix potentially faulty accelerator pedals.