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2015 Ford Mustang to serve as halo car in Europe, other overseas markets

Ford Motor Co. expects that its 2015 Mustang coupe will boost its image in Europe, even though the car will not sell in large numbers. "The Mustang's formidable reputation for performance and its iconic status as a symbol of freedom and optimism precedes it even in those parts of the world where the car has never been sold," Ford of Europe CEO Stephen Odell said today in a statement.

Toyota recalls 2003 Sequoia for stability-control problem

Toyota is recalling thousands of the 2003 Sequoia SUV to repair a potential stability-control problem, the company announced on Wednesday. The recall covers 50,000 of the SUVs produced early in the 2003 model year. The problem is the stability control could activate at too slow of a speed (about 9 mph), limiting the ability of the Sequoia to accelerate.

Chrysler cuts Viper output amid slow sales, growing inventory

Chrysler Group has cut output of the SRT Viper by a third and will reassign scores of workers to other plants because of slow sales, growing inventories, and the onset of colder weather. Workers at Chrysler's Conner Avenue Assembly plant in Detroit, where the car is assembled, were told of the production moves today. None will be laid off; instead they will be reassigned to other Chrysler plants in the Detroit area, a Chrysler spokeswoman said.