Toyota said Wednesday it’s looking into complaints of power steering problems with its popular compact car and is considering a recall as one option. That would be another blow to the world’s largest automaker grappling with a spate of safety lapses ranging from sticking gas pedals to braking problems.
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After the recalls of millions of vehicles, Toyota Motor will temporarily halt production at two US factories after sales were hit hard by a string of safety problems.
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Toyota will recall 270,000 Prius hybrid cars over brake problems in the United States and Japan, a report said Friday, while the beleaguered auto giant launched an investigation into possible problems with the brakes in two more hybrids including the luxury Lexus.
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According to GM vice chairman of global product operations Tom Stephens the company plans to move its truck-only Two Mode hybrid system over to rear-wheel drive cars beginning with the Cadillac ATS and then CTS.
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Toyota has recalled about 200,000 of its hybrid Prius cars sold in Japan last year due to a brake problem.Toyota has recalled about 200,000 of its hybrid Prius cars sold in Japan last year due to a brake problem.
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A study made by the South African Institute of Race Relations has found that high levels of violent crime are not linked to poverty levels.
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Global stock markets fell steeply on Thursday on investor concerns about the growing sovereign debts of European Union member states Greece, Portugal, and Spain. A report of a rise in weekly jobless claims in the United States contributed to the market gloom. The MSCI World index fell the most in over nine months. Currency...
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An American client of Switzerland-based bank, UBS, has won an appeal in Swiss court on Friday against providing the Internal Revenue Service (IRS) of the United States with relevant information about his offshore accounts.
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Robert B. Zoellick, the president of the World Bank, is to begin an eight-day, three-nation tour of Africa starting next Tuesday. He will take part in the African Union summit scheduled to be held in Addis Ababa, Ethiopia.
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