The Auto Industry Is Cruising on Slow but Steady Demand

Vehicle sales have been less than stellar in recent months, disappointing some analysts. But the industry is gradually improving in a broad trend that is benefiting nearly all automakers — including the Big Three, which have r…

Daimler Will Recall 85,000 Mercedes Cars in the U.S.

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Daimler AG (DDAIF) is recalling about 85,000 Mercedes-Benz cars in the U.S. to adjust their power-steering systems.

The adjustment is aimed to prevent the loss of power steering fluid, The Wall Street Journal said, citing a statement on the website of U.S. traffic authority NHTSA.

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The recall affects the Mercedes 2010 C-Class and the 2010 and 2011 E-Class Coup and Cabriolet models….

Continue reading Daimler Will Recall 85,000 Mercedes Cars in the U.S.

Daimler Will Recall 85,000 Mercedes Cars in the U.S. originally appeared on DailyFinance on Mon, 11 Oct 2010 07:18:00.

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Toyota to Offer Rebates on Lexus Models to Boost Sales

Seeking to boost sales of Lexus brand vehicles, Toyota plans to offer rebates of up to $3,000, as well as subsidized financing on certain models, company executives told a gathering of Lexus dealers from across the country this…

U.S. Auto Sales Gain Strength at the End of September

Auto sales turned in a strong performance in September. “People seem to be saying, ‘It’s not as quite as scary anymore,'” says Arthur Wheaton, automotive analyst at Cornell University’s ILR School.
Continue rea…

Ford May Shutter 200 Lincoln Dealerships

In a bid to better compete against European and Japanese luxury makes, Ford reportedly may seek to reduce the number of Lincoln dealerships in the U.S. Nearly 1,200 dealers sell Lincolns, five times more than sell Toyota’s Lexu…