Ford Motor Company’s (NYSE:F) Escape SUVs, which number some 1.6 million, might be the subject of a formal inquiry by the National Highway Traffic Safety Administration for engine problems, according to The Detroit News. The administration reported that it has agreed to review a request by the North Carolina Council to open the inquiry into alleged electronic throttle body failures in Ford Escape models of 2005 to 2012.
General Motors Company’s Chevrolet (NYSE:GM), along with automobile companies Fiat (FIATY), Toyota, Volkswagen (VLKAY) and Honda are finding that small cars are the big sellers. According to Bloomberg, the firms are set to capture the largest share of the domestic auto market since 1993 and post the best sales month in the past four years.
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Toyota Motor Corporation (NYSE:TM) employed the home-shopping airwaves on Sunday to try and boost interest in its hybrid cars. Company spokesman Steve Curtis reported that Toyota was ‘thrilled’ with the results, adding that they received more requests for product information in the first hour than they had anticipated for the entire day.
Honda Motor Co. (NYSE:HMC) recalls around 489,000 CR-V crossovers in the United States, Europe and Africa between the 2002 and 2006 model years due to an electrical switch in the driver’s side door which could melt and cause a fire. The Saturday recall included 268,000 vehicles in the U.S.
Tesla Motors (NASDAQ:TSLA) stores violate state laws that disallow factory ownership of dealerships, said associations of dealers and Illinois regulators to Automotive News.
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