Toyota and Nissan to return to incentives warfare

Japan is ramping up production in the wake of the 9.0 March 11 earthquake, and major factory-to-dealer incentives are on the way from Toyota and Nissan to move the anticipated inventory wave. Automotive News reports the Japanese automakers will offer cash, interest rate holidays and significant lease rewards in the U.S. industry. Decreased sales in early May – particularly when in contrast to those from a year ago – prompted the automakers to consider diving back to the incentives pool.

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No salary for Sergio Marchionne

Chrysler CEO Sergio Marchionne would have been subject to federal review if he’d taken an income in 2011, notes numerous sources. So he determined it would be best not to do so. Chrysler compensated him no salary or stock options last year, unlike Fiat, which compensated their CEO an undisclosed amount in both.

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Mazda unveils i-ELOOP braking system

A new regenerative braking system has recently been introduced by Mazda. The machine uses kinetic energy from braking to power the car’s electrical system. The “Intelligent Energy Loop” system is called I ELOOP for short. The system is intended to make an internal combustion automobile function as almost as possible like a hybrid automobile.

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