Transportation

Toyota Faces U.S. Recall Probe With Lobbying Budget Bigger Than Chrysler's Toyota Motor Corp. is armed with one of the auto industry’s biggest lobbying budgets as it faces U.S. government and congressional inquiries into millions of vehicles recalled for sudden acceleration.

Ford, Geely Said to Miss Feb. 14 Target for Volvo Sale Deal on Financing Ford Motor Co. and Zhejiang Geely Holding Group Co. are unlikely to sign a deal on the sale of the U.S. automaker’s Volvo unit by the start of the Lunar New Year on Feb. 14, said three people familiar with the negotiations.

United Parent UAL's `Blowout' Revenue Pushes U.S. Airline Shares Higher United Airlines parent UAL Corp. surged the most since September in Nasdaq trading, helping buoy the rest of the large U.S. carriers, after reporting so-called unit revenue that beat analysts’ estimates.

American Airlines Preserves `Asian Strategy' as JAL Opts to Keep Alliance AMR Corp.’s American Airlines preserved the Asian portion of its global network by fending off Delta Air Lines Inc.’s bid to pry Japan Airlines Corp. out of the Oneworld alliance.

GM's Opel Outlines $15 Billion Investment Plan as Division Seeks State Aid General Motors Co., seeking European government aid to reorganize its Adam Opel GmbH division, pledged to invest 11 billion euros ($15 billion) at the brand by 2014 to develop new models and car-powering systems.

SAS Drops Most in Almost 11 Months on Wider-Than-Forecast Loss, Share Sale SAS Group, owner of the Nordic region’s largest airline, fell the most in almost 11 months in Stockholm trading after posting a wider-than-expected quarterly loss and announcing a 5 billion-krona ($678 million) share sale.

BA Business-Only Airline Adds Paris-Washington Route, Sees Profit by 2013 British Airways Plc’s business-class- only subsidiary OpenSkies will add flights to Washington and target profitability by 2013 after its parent company turned down five offers for the Paris-based carrier, Managing Director Dale Moss said in an interview.

Nissan Expects $391 Million Profit, Scraps Loss Forecast on Rising Sales Nissan Motor Co. predicted a return to profit this fiscal year, scrapping an earlier loss estimate, citing government incentives that boosted demand for the company’s vehicles in China and Japan.

Koito Faces `Tough' Sanctions on Faked Aircraft Seat Tests; Shares Plunge Koito Industries Ltd., the Japanese supplier of seats used in Airbus SAS and Boeing Co. planes, should face “tough civil sanctions” after falsifying test data, said Transport Minister Seiji Maehara.

Italy Won't Revive Auto-Sales Incentive Program This Year, Minister Says Italy won’t offer incentives for consumers to buy new cars in 2010 as European Union governments phase out state help for automakers to recover from last year’s recession, Industry Minister Claudio Scajola said.

Tata Faces `Heat' from Daimler, Volvo Trucks as India Paves Its Highways India’s aim to pave 20 kilometers of highway a day for the next five years is stoking demand for heavy trucks to carry freight, and overseas makers Daimler AG and Volvo AB are jockeying to challenge dominant Tata Motors Ltd.