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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 »

Ford recalls Escapes, Fusions for engine fire risk

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ford

Ford Motor Co. said Friday that it is recalling more than 89,000 new Escape SUVs and Fusion sedans because the engines can overheat and cause fires.

Posted: December 1st, 2012 in Latest Business Stories,Motoring | Read More »

Huge window switch recall hampers Toyota comeback

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Toyota Corolla

The largest recall in Toyota’s 75-year history could undermine the Japanese automaker’s comeback from natural disasters and embarrassing safety problems.

Posted: October 11th, 2012 in Latest Business Stories | Read More »

Honda recalls 600,000 Accords to fix faulty hoses

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This undated publicity photo provided by Honda shows a 2013 Honda Accord Sedan Touring. Honda is recalling 600,000 Accord midsize cars in the US and Canada to fix a faulty power steering hose that can leak fluid and cause a fire.  AP PHOTO/HONDA

Honda is recalling 600,000 Accord midsize cars in the US and Canada to fix a faulty power steering hose that can leak fluid and cause a fire.

Posted: October 2nd, 2012 in Latest Business Stories | Read More »

At Ford, questions remain about life after Mulally

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In this Friday, Aug. 31, 2012, file photo, Alan Mulally, the Global CEO of Ford Motor Co., answers reporters' question during news conference in Seoul, South Korea. Mulally, 67, joined Ford six years ago and appears close to retirement. Reports say he'll step down at the end of next year. Ford's board likely will discuss succession plans at a meeting Thursday, Sept. 13, 2012. AP /Lee Jin-man, File

The big question at Ford these days: What’s next? The company has thrived under the charismatic leadership of Alan Mulally. But the sunny 67-year-old CEO who joined Ford six years ago appears close to retirement. Reports say he’ll step down at the end of next year.

Posted: September 13th, 2012 in Latest Business Stories | Read More »

Honda looks to silence critics with new Accord

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This undated product image provided by Honda shows the 2013 Honda Accord. The sedan hits showrooms in a couple weeks, with a fresh athletic look and better fuel economy. Honda, burned by criticism that it cheapened its new Civic earlier this year, says that won’t happen with its newest remake.  AP PHOTO/HONDA

Honda wants to silence its critics when it rolls out the new Accord this week.

Posted: August 20th, 2012 in Latest Business Stories | Read More »

Manufacturing problem caused Ford Escape recall

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FILE PHOTO

A manufacturing problem at a company that makes fuel lines forced Ford to recall thousands of its brand-new Escape small SUVs and tell owners to stop driving them right away.

Posted: July 22nd, 2012 in Latest Business Stories,Motoring | Read More »

GM to shift white-collar pensions to annuity

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general-motors

General Motors Co. will change the way it makes pension payments to white-collar retirees, shoring up its finances by offering buyouts and shifting liabilities to an annuity.

Posted: June 2nd, 2012 in Latest Business Stories | Read More »

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