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Why car sales are strong in the US

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In this March 3, 2012 photo, a lift brings a Volkswagen Beetle from a tower at the Autostadt in Wolfsburg, Germany. A steadily improving economy and strong December sales lifted the American auto industry to its best performance in five years in 2012, especially for Volkswagen and Japanese-brand vehicles, and experts say the next year should be even better. AP PHOTO/DAPD, DAVID HECKER

It’s not quite boom times for the US auto industry. But it’s getting there. Sales of new cars and trucks came in at 14.5 million for 2012, up from 12.8 million in 2011. Cheap loans, a host of new cars and greater confidence in the economy are drawing buyers into showrooms.

Posted: January 4th, 2013 in Latest Business Stories | Read More »

7 hot cars at the LA Auto Show

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LA Auto Show Toyota

The Los Angeles Auto Show opens to the public Friday. Here are some of the most talked-about vehicles that will be making their world debuts at the event:   — TOYOTA RAV4: The fourth-generation of Toyota’s RAV4, which practically invented the crossover segment when it first went on sale nearly 20 years ago. The latest [...]

Posted: November 29th, 2012 in Latest Business Stories | Read More »

Honda recalls 2002-2006 CR-V for fire risk

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In this Sunday, Sept. 17, 2006, file photo, a handful of leftover 2006 Honda Accord sedans sit on the lot of a Honda dealership in the south Denver suburb of Littleton, Colo. AP FILE PHOTO

Honda Motor Co. is recalling CR-V crossovers from the 2002 to 2006 model years because an electrical switch in the driver’s side door could melt and cause a fire.

Posted: October 7th, 2012 in Latest Business Stories,Motoring | Read More »

General Motors cutting truck production next month

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Detroit — General Motors Co. is cutting its production of pickup trucks next month, a sign that truck sales aren’t as robust as the company had hoped. Spokesman Tom Wickham said Thursday that GM cancelled five scheduled overtime shifts on Saturdays in September and October. Wickham didn’t know how many vehicles would be involved, but [...]

Posted: August 26th, 2011 in Latest Business Stories | Read More »

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