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Feds look at Toyota electronics as source of accelerator defects

The U.S. Department of Transportation is looking into whether Toyota Motor Corp.'s problems with unintended acceleration can be traced to defects in the electrical controls rather than just the mechanical problems cited by the automaker, a Transportation official said Tuesday. “We're not finished with Toyota and are continuing to review possible defects and monitor the implementation of the recalls,” Transportation Secretary Ray LaHood said in a statement.

U.S. new car sales surge at fastest pace in nearly 7 years

U.S. sales of cars and light trucks surged 9 percent in November 1.24 million units and rolled off dealership lots at the fastest pace in almost seven years. The industry's annualized sales rate, adjusted for seasonal factors, rose to 16.4 million last month, up from 15.3 million a year earlier and easily topping analysts' forecasts in the 15.8 million range.

Nissan to issue recall for faulty part in tire-pressure monitoring system

Nissan Motor Co. plans to recall as many as 143,000 cars to replace a tire-pressure monitoring system nut that may corrode and crack in areas with heavy concentrations of road salt, the government said today. The cracking of the nut in the monitoring system could cause it to fall out of the sensor-transmitter that it secures, the National Highway Traffic Safety Administration said in a report on its Web site.