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Coda EV startup files for bankruptcy

Electric-car startup Coda Holdings Inc. filed for Chapter 11 bankruptcy Tuesday after producing just 100 of its EV sedans, according to a report from Reuters. Coda filed with U.S.

Redesigned Ford Escape SUV is recalled for carpet issue

Ford is recalling about 8,200 copies of the redesigned 2013 Ford Escape SUV to fix a carpeting flaw that could affect the driver's ability to use the brakes. Ford says the affected vehicles were built between March 8 and June 7, 2012. According to Ford, an improperly installed piece of carpet padding on the center-console trim panel could cause a driver's foot to hit the side of the side of the brake pedal when moving from the accelerator pedal.

Jaguar Land Rover reveals huge profits growth

Jaguar Land Rover has reported half-year profits have broken the £1 billion barrier, with profit before tax of £1.083 billion marking a massive 42% year-on-year increase. Profits in the last three months alone were £668 million, said the firm. MORE new British jobs for Jaguar Land Rover Range Rover: why it is already battling Bentley The strong results are thanks to continued sales growth for the two British luxury car brands: sales over the past three months increases 21% to 102,644 cars – beating even the half-year sales rise of 16% to just over 197,000 vehicles.