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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Economy Watch Archive: Autos

June auto sales: GM, Ford down 13%, Chrysler down 12%

UPDATED with more automakers reporting at 1:45 p.m.: Detroit's Big Three automakers saw June sales drop between 12 and 13 percent as auto buyers pulled back last month. General Motors' June sales dropped 13 percent compared with May, a sign...

By Frank Ahrens  |  July 1, 2010; 1:45 PM ET  |  Permalink  |  Comments (19)
Categories:  Autos  
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Washington Post Co. elects former GM CEO Rick Wagoner to its board

Rick Wagoner, who was fired as chief executive of General Motors by the White House, has been elected to The Washington Post Co.'s board of directors, increasing the board to 11 members, the education and media company said today. The...

By Frank Ahrens  |  June 10, 2010; 1:04 PM ET  |  Permalink  |  Comments (8)
Categories:  Autos , Corporations  
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GM recall: 1.5 million vehicles for potential fire hazard

General Motors is recalling 1.5 million Buick, Cadillac, Hummer, Saturn and GMC sport-utility vehicles, pickups and cars from 2006 to 2009 because a heated washer fluid system module could pose a fire risk, the company said moments ago. There are...

By Frank Ahrens  |  June 8, 2010; 10:54 AM ET  |  Permalink  |  Comments (18)
Categories:  Autos , Corporations  
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Ford makes it official: Storied Mercury brand to be axed

Ford said this afternoon that it would kill its low-sales Mercury brand by the end of the year, ending the badge's 71-year run. The car was a creation of Henry Ford's son, Edsel, who developed it in 1939 to fill...

By Frank Ahrens  |  June 2, 2010; 4:16 PM ET  |  Permalink  |  Comments (34)
Categories:  Autos  
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Ford, GM, Chrysler report double-digit May sales; Toyota up 7%

UPDATED with other automakers at 2:53 p.m.: Chrysler said its May sales were up 33 percent compared to May 2009, which sounds like a great number -- and it's not bad -- but one-third of its sales came from low-cost...

By Frank Ahrens  |  June 2, 2010; 2:53 PM ET  |  Permalink  |  Comments (6)
Categories:  Autos  
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Feds open floormat-entrapment probe on 2010 Ford Fusion, Mercury Milan

UPDATED to correct spelling of Mercury Milan: The federal government has opened an investigation into possible floormat gas-pedal entrapment in the 2010 Ford Fusion and Mercury Milan. According to the filing at the National Highway Traffic Safety Administration -- which...

By Frank Ahrens  |  June 1, 2010; 2:15 PM ET  |  Permalink  |  Comments (9)
Categories:  Autos  
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Older Entries in This Category »

Reports: Toyota will replace gas pedals, Frank Ahrens , March 23, 2010
Positive retail numbers send markets climbing, Kendra Nichols , March 12, 2010
In New York, another runaway Prius, Sarah Halzack , March 10, 2010
Nissan to recall more than 500,000 vehicles, Frank Ahrens , March 3, 2010
 
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