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.
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.
The largest recall in Toyota’s 75-year history could undermine the Japanese automaker’s comeback from natural disasters and embarrassing safety problems.
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.
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.
Honda wants to silence its critics when it rolls out the new Accord this week.
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.
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.
