Jeep Liberty Recall Expands to 347,000 Units

Adding to an already-existant recall, the number of Jeep Liberty SUVs affected is climbing to almost 347,000 because of a problem with the lower control arms in the rear suspension.

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Jeep Liberty Recall of 209,000 Units Over Rust Issue

Jeep has just announced that it will recall 209,724 units of its Liberty model, built for model year 2004 and 2005. However, the recall is only for States that are considered “Snow Belt” areas.

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Jeeps Sales Spike in Europe by 60 Percent

However, that is nothing when compared to the growth the brand has enjoyed in Europe in 2011. In Germany for instance, sales have grown by 124 percent, and in Italy by 117.6 percent. In France they are up by 71.7 percent and even in economy stricken markets like Spain and UK, sales grew by 21.2 and 18 percent respectively.

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Ford Creates New Research Lab In Silicon Valley

Ford wants to be a player in this field and has announced that early this year, it will open a new dedicated research lab in Silicon Valley. The premise behind this new facility is to create uncompromised personal mobility experiences.

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Tesla To Unveil New Model X By End Of 2011

They already have the Model S sedan, which is set to go on sale in 2012, but now they are also working on a crossover vehicle, which is referred to as the Model X.

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Chrysler To Repay Government Loans This Summer Thanks to Creative Debt Refinancing

In a statement from the auto maker, it says “Chrysler Group intends to complete the repayment during the second quarter of 2011 from proceeds of a new term loan facility and newly issued debt securities to be offered and sold to institutional investors in a private offering exempt from registration under the U.S. Securities Act of 1933.”

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Cadillac Already Planning Next-Generation CTS Coupe

According to latest industry news, GM engineers are already designing the 2015-model CTS coupe, which will be based on their new ATS small-car chassis. The move to this platform will enable GM to build a convertible version without having to lose too much structural rigidity.

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