US government rules company had failed to provide adequate notice regarding defective accelerator pedals Toyota was facing a $16m (£10.4m) fine last night after the US government ruled the company had failed to provide adequate notice regarding defective accelerator pedals. In a statement, US transportation secretary Ray LaHood confirmed the National Highway Traffic Safety Administration (NHTSA)... 

New York: Microsoft and Ford are to collaborate on the development of an electric car that will use Microsoft technology to streamline the battery-charging process, the companies announced Wednesday at the opening of the New York International Auto Show. Image: Derrick Kuzak, group vice president of Global Product Development at Ford (left) and president and CEO of Ford, Alan Mulally, pose with the... 

New Delhi (30 March ,2010),(PTI). Auto major Tata Motors today said it has sold 20 per cent stake in Telcon, its construction equipment joint venture with Japan’s Hitachi, to its partner for Rs 1,159 crore. Post the transaction, Tata Motors will own 40 per cent stake in Telcon, while Hitachi will have 60 per cent, the company said in a statement. Standard Chartered and ABZ partners acted as financial...