As the hurricane season approaches, consumers and dealers must be wary of used vehicles with "washed" titles. Unscrupulous individuals and dealers are having branded titles re-titled in other states to remove the branding. This came to national attention after hurricane Katrina struck New Orleans and the Gulf Coast three years ago, resulting in tens of thousands of flood damaged vehicles. Experts recommend a vehicle history report on all used cars before making a purchase.
The seemingly invincible Toyota is showing the strains that have been affecting American automakers. A slower U.S. economy and high fuel prices has forced Toyota to cuts its full year sale projection. For the first time in seven years, Toyota is reporting a lower net profit – but a profit nonetheless. In the worldwide sales race against rival General Motors, Toyota has a substantial lead. This race will come down to the wire again this year.
An oxygen sensor going bad results in improper air-fuel mixture being set by the engine's computer. This robs fuel economy, increases harmful emissions and damages more expensive components, making it wise to change them promptly after the check engine light comes on.
Thomas F. Gilman is appointed to the newly created position of Vice Chairman and Chief Executive Officer at Chrysler Financial. Gilman will set the strategic direction that creates value and ensures the alignment of the company's performance with investor's expectation.
