May 9th, 2006 at 04:08pm
tiger
Category : Auto News
Toyota Motor Corp. is recalling its best-selling Lexus luxury sedans following the discovery of a seat belt problem.
The recall affects three models — IS250, GS300 and GS430 — that may have problems with the seat belt control mechanism in the two front seats. The problem makes it hard to buckle the seat belts sometimes and may cause the belts to malfunction in an accident.
Worldwide, 43,000 vehicles will be recalled encompassing IS250, GS300 and G430 models produced between July 2005 and January 2006.
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May 9th, 2006 at 02:28pm
tiger
Category : Auto News
Proton had been rumored to be talking about a joint carmaking venture with a foreign automaker. This time is French automaker Peugeot.
The Edge Daily Reported saying the companies could be ready to sign a memorandum of understanding in the next few months about building a compact car together. PSA Peugeot Citroën confirmed the talks but added it does not currently have a joint venture plan in place.
The Edge also said Volkswagen and Proton are talking about a company to build Proton-badged cars to sell in Southeast Asia and India. The Peugeot partnership would yield products that could be badged either as Proton or Peugeot/Citroën…
What this means to you:
Once-protected companies now going to seek help under the global wind pressures in order to survive.
Links: TheEdgeDaily Proton Multiple Bedfellow
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