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Starting Sept. 29, the company recalled 4.9 million cars because of a floor mat that could come loose and jam down the gas pedal. Last month Toyota issued a recall of 2.3 million vehicles (most of which were in the earlier group) because of a fault with the pedal mechanism itself. Toyota has told drivers to remove the mats; its fix for the sticky pedal requires a free half-hour shop repair. The DOT has urged owners of recalled models to use caution and get to a dealer. Still unknown: whether an electronic problem is also a culprit in sudden...

Author: /time Magazine | Title: Spotlight: Toyota's Recall | 2/15/2010 | See Source »

...company provides them with batteries and charges them a fee to use them, based on the miles they drive. When the batteries run out of juice on long trips, drivers can replace them at switching stations in the amount of time it takes to fill a tank of gas. Better Place says the stations - which will reportedly cost about $500,000 apiece to build - will eventually stock several different batteries to accommodate all the various car models on the road...

Author: /time Magazine | Title: Denmark Leads Europe's Electric-Car Race | 2/14/2010 | See Source »

...Toyota dealerships, meanwhile, customers have had to haul their cars in to have the sticky gas pedals repaired. Loyal Toyota owners now have a reason to flirt with other brands, though switching could cost them: trade-in prices for Toyotas have fallen. And at global headquarters in Toyota City, Japan, corporate officers belatedly grasped the seriousness of the situation and tried to make amends. "I apologize from the bottom of my heart for all the concern that we have given to so many of our customers," a chastened Akio Toyoda, grandson of the corporation's legendary founder, Kiichiro Toyoda, told...

Author: /time Magazine | Title: Behind the Troubles at Toyota | 2/11/2010 | See Source »

...Yushchenko and his on-again, off-again Prime Minister Tymoshenko, a former gas tycoon, fell out and failed to effectively tackle Ukraine's rampant corruption as they had promised. When the economy contracted by a massive 15% last year, Tymoshenko's fate was probably sealed. Frustration and disillusionment kept millions of their supporters at home in this month's second round of voting, especially in the pro-Orange West. Yanukovych's core voters in the East and South turned out in force to cast their ballots for his simple message of change...

Author: /time Magazine | Title: Ukraine's New President: Is the Orange Revolution Over? | 2/11/2010 | See Source »

...play by the rules. Success there will depend on how he handles his powerful corporate backers, who are pulling him in different directions. One wing of supporters is made up of industrialists from the East who are interested in European markets; the other reportedly makes its money from the gas trade with Russia. "Yanukovych is very much influenced by the circles around him. Now it's a matter of which circle will have more influence over him. The problem is that nobody knows yet," says Shumylo. (Read "In Ukraine, a Parting Shot from an Unpopular President...

Author: /time Magazine | Title: Ukraine's New President: Is the Orange Revolution Over? | 2/11/2010 | See Source »

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