A weak market in Europe, a fact of life shared by many automakers, and the recall of 850,000 vehicles has Ford telling analysts it expects earnings to drop $1 billion or more this year. It is optimistic going forward with the introduction this fall of the new aluminum bodied F-150 pickup. Looking further ahead, the automaker projects annual global sales to increase 45 to 55 percent by the year 2020.
The National Highway Traffic Safety Administration is looking into complaints of unintended acceleration at low speeds in older Toyota Corollas. The agency said it has received at least 141 complaints and will determine if a formal investigation will be conducted of the 2006 to 2010 models. Toyota said it will cooperate fully with any inquiry. You might remember similar complaints back in 2009-10 involving different Toyota and Lexus models blamed on floor mats and sticky gas pedals.
When it was all said and done, the 2015 Dodge Challenger Hellcat with VIN0001 raised a record $1.65 million for charity at a recent auction. Barrett-Jackson said the car raised more money for charity than any other in the auction house’s history. The proceeds will benefit a non-profit that serves people with significant intellectual disabilities in the Las Vegas area. Rick Hendrick, owner of Hendrick Motorsports and several Chrysler dealerships, was the winning bidder at the auction.