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Bank of England Leaves Rates Unchanged
7/10/2014As expected, the Bank of England has again decided not to raise the country's record-low 0.5% interest rate for at least another month.
Ford Announces Six Recalls
7/10/2014Ford Motor Co. is launching six campaigns to repair a variety of flaws related to the powertrain, brakes, fuel tanks, sunroofs and electrical system in 101,000 vehicles in North America.
Honda Expands Airbag Recall to 3 Million Cars
7/10/2014Honda Motor Co. has expanded its latest recall of cars equipped with faulty airbags by 50% to about 3 million units, USA Today reports.
China Drops New-Car Tax on EVs
7/10/2014China says it will waive its 10% purchase tax for buyers of electric vehicles, plug-in hybrids and fuel-cell vehicles beginning Sept. 1.
Federal Reserve to End Stimulus Program in October
7/10/2014The Federal Reserve intends to phase out its bond-buying economic stimulus program in October assuming the American economy continues to expand at its current rate.
Car Sales Climb 15% in India
7/10/2014Sales of passenger cars in India advanced last month to 160,200 units from 139,300 in June 2013, the Society of Indian Automobile Manufacturers reports.
Car Sales in Russia Plunge 17%
7/10/2014Demand for passenger cars and light commercial vehicles in Russia fell to 199,400 units in June from 241,100 a year earlier, reports the Moscow-based Assn. of European Businesses.
Ford Still On Track for a Profit in Europe
7/10/2014Ford Motor Co. says its European operations should post a full-year pretax profit in 2015 the first since 2010 in spite of the region's still-fragile economic recovery.
DOT Extends Connected-Vehicle Research at U-Mich
7/10/2014The University of Michigan Transportation Research Institute is to receive $9 million to expand and continue its connected-vehicle test program for another three years.
Nissan Rolls Out Free Charging for EV Customers
7/10/2014Nissan Motor Co. is offering U.S. buyers of its Leaf electric sedan two years of free battery charges at public charging facilities.