Toyota's Lentz warns on risks of debt

Toyota Motor USA Sales President Jim Lentz warned that a failure by Congress to boost the $14.3 trillion debt limit could result in a huge decline in U.S. stock markets on Monday — potentially a 1,000-point drop, he said. The country could stop having enough money to pay its bills after Aug. 2. “Let’s hope … Continue Reading →

LaHood buys a Chevy Malibu, calls government SUV "a big gas guzzler"

HERNDON, Va. — Transportation Secretary Ray LaHood spent nearly an hour this morning talking to Volkwsagen of America employees at its headquarters in suburban Washington. The stated topic was distracted driving, but LaHood answered a number of other questions including an oft-asked question in the auto industry: what kind of car do you drive. LaHood … Continue Reading →

GM PR changes unveiled

General Motors Co. said today it had made some changes in its media relations team, including naming a senior executive at Kelley Blue Book and an executive from GM Korea to manage executive interviews. The Detroit automaker said today it had named James Bell as its head of Consumer Affairs. GM also said that Jay … Continue Reading →