DETROIT (Reuters) – Snow and bone-chilling weather likely hurt U.S. auto sales in January but should not prevent the industry from continuing its rebound, analysts said.
The bad weather in large parts of the country, including the East Coast and Midwest, was a repeat of what happened in December, when industry sales fell short of expectations.
DETROIT (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) has alerted U.S. safety officials that seat material in several vehicles, including the top-selling Camry sedan, does not meet fire retardation standards and could result in a recall.
The Japanese automaker said Thursday it has stopped selling eight recent-model vehicles equipped with seat heaters in North America following an alert from South Korean safety officials that the material did not meet their fire retardation standards, which are also used in the United States.
, Jan 28 (Reuters) – Ford Motor Co
reported higher-than-expected quarterly results on Tuesday as
earnings in its core North American market fell less steeply
than Wall Street expected, but declining vehicle prices there
raised concerns about 2014.
The No. 2 U.S. automaker also affirmed the 2014 profit
outlook it presented to investors last month.
DEARBORN, Mich (Reuters) – Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz) on Tuesday posted a higher-than-expected quarterly profit as strength in the No. 2 U.S. automaker’s core North American market offset losses in Europe and South America.
The company, whose shares rose more than 3 percent, also affirmed the 2014 profit outlook that it presented to investors last month. Ford has described 2014 as a transition year that will test the strength of Chief Executive Officer Alan Mulally’s team and the company’s restructuring since he took over in 2006.