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UAW: GM, Chrysler may not need additional federal funds

UAW President Ron Gettelfinger said today that General Motors and Chrysler LLC may not need additional federal loans beyond the $17.4 billion approved by the White House. "If we can get by without more money, that's what we want to do," Gettelfinger told Automotive News in an interview at Solidarity House in Detroit. He said how well the money holds out will depend on sales volume this year.

Top-Selling Fiesta Earns Best Used Car Award From CAP

THE FORD Fiesta, Britain’s best-selling car, has been declared Used Car of the Year 2012 by car valuation experts CAP. Top of CAP’s criteria when choosing its Used Car of the Year were affordability, practicality, reputation and popularity in the used car market. Commenting on its decision, Mark Norman, of CAP, said: “It is always tempting for the motoring media and other industry observers to take ‘the petrol head’ approach when giving awards to cars which excite them, but the CAP Used Car of the Year Award recognises the contribution a car makes to both consumers and dealers.” Ford’s Fiesta continues to top the UK sales charts and the range is being further strengthened by the arrival of new models featuring class-leading fuel economy from six powertrains with CO2 emissions under 100g/km, as well as innovative new driver assistance and safety features.

BMW recalls new 5-series

BMW is recalling up to 12,400 new 5-series sedans that have defective fuel-tank sensors. Bloomberg reports that the fuel sensors can become wedged against the tank, causing the fuel gauge to display a higher amount of fuel than what is present. There have been 10 reported incidents of sedans being affected by the defect in the United States.