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Ford recalls 144,000 F-150s for airbag fix

Ford is recalling 144,000 F-150 pickups from the 2005 and 2006 model years because of concerns that the airbags may deploy without warning, the automaker said on Tuesday. The National Highway Traffic Safety Administration advised Ford to recall the F-150 after investigating 238 reports of accidental airbag deployment. Seventy-seven injuries have been reported, including chipped teeth, minor burns and cuts to the arms, hands and face.

Amazing barn-find auction totals £1m

THE LARGEST collection of ‘barn find’ cars ever assembled in one auction has raised more than £1 million. The auction, which included amazing and rare lots including Aston Martins and Jaguars, was the first of its kind and took place at Silverstone Auctions’ Practical Classics Restoration Show. More than 85% of the cars put up for sale have found new owners.

GM sells Suzuki shares to raise emergency funds

By Tim Pollard Motor Industry 17 November 2008 15:24 GM is flogging its entire stake in Suzuki to pump cash into its survival funds. The General owns a 3% holding in Suzuki Motor Corporation and will sell 16,413,000 shares on the open market tomorrow. Based on today’s values, GM will raise an estimated £154 million through the sale, although Suzuki will exercise an option to buy back an equivalent number of its own shares in treasury stock.