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Toyota denies it secretly repurchased vehicles to hide defect

Toyota has issued a statement refuting a new court filing that accuses the automaker of secretly repurchasing vehicles in which owners had reported unintended acceleration. A hearing on Toyota's request to dismiss the lawsuits is scheduled for November 19 in U.S. District Court in Santa Ana, California.

Nov. 1 , 2010
Maruti profit rises on record auto demand in India

Maruti Suzuki India Ltd., the nation’s biggest carmaker, boosted second-quarter profit 5 percent as India’s economic growth propelled record auto sales. Net income rose to 5.98 billion rupees ($134 million) in the three months ended Sept. 30 from 5.7 billion rupees a year earlier, the company said today in a statement.

Nov. 1 , 2010