Bridgestone Buys Pep Boys Auto Service Retail Operations For $835M

Have we seen the last of Moe, Manny, and Jack – you know, the faces of the Pep Boys auto parts brand? It’s possible as the retail chain has agreed to be acquired by tire giant Bridgestone for $835 million.  [More]

(Eric Norris)

The Average Car On The Road Is 11.5 Years Old

My car was manufactured about eleven and a half years ago, which I thought was relatively old. That’s why I was surprised to learn that it’s perfectly average. According to data compiled by the consulting firm IHS Automotive, cars that are registered and on the roads have an average age of 11.5 years, and there’s a record number of cars registered right now. [More]

Toyota Stops Selling 8 Popular Car Models

Toyota Stops Selling 8 Popular Car Models

A week after issuing a recall on over 2 million vehicles due to faulty acceleration pedals, Toyota has announced it will stop selling 8 popular models in the U.S., as well as shut down 6 U.S. factories, while it deals with the problem. The faulty pedals were made by a U.S. manufacturer but have also been installed in cars sold in Europe, although Toyota hasn’t said what it plans to do outside the U.S. for now. Update: SafetyResearch.net says Toyota was required by law to stop selling the models after it announced the recall last week, so it’s actually kind of strange that it waited five days. [More]