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Recall is last linked to fire hazard, Ford says

Ford Motor Co.'s new recall of vehicles that pose potential fire hazards will be its last because the latest action covers all remaining cars and trucks with cruise-control switches made by Texas Instruments, even if those switches don't pose safety risks, a Ford spokesman said today. "We did this to reassure customers and make sure there will be no future actions connected to this," spokesman Wes Sherwood said in an interview. "We've gone to extra lengths to include both vehicles with risks and those that don't show risk." Yesterday, Ford announced a recall of 4.5 million vehicles--its eighth in the past decade involving cars and trucks with faulty cruise-control deactivation switches.

MINI at the Detroit Motor Show – Video trailer

The MINI Beachcoimber will be one of the stars of the NAIAS Next week sees the start of the 2010 Detroit Motor Show – the first big Motor Show of the season. And there will be lots of new stuff – and some not so new – and maybe even a surprise or two we don’t yet know about. So the teases are now starting in earnest for the NAIAS and MINI has put together a video trailer for the goodies it’s planning on bringing to the party.

Obama calls for shared sacrifice in auto bailout

President-elect Barack Obama says he wants to keep tough conditions on automakers that get federal loans. The companies must develop sustainable business models because it would be unacceptable "to keep them on their lifeline through taxpayer dollars in perpetuity," Obama told The Washington Post. Obama said industry restructuring will require "everybody, from labor to management to creditors to shareholders, giving something up." His comments contradict suggestions that the new administration will relax federal loan agreements reached last month with General Motors and Chrysler LLC, possibly with softer demands on the UAW.