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New car sales still accelerating

NEW CAR SALES raced ahead again last month, according to official figures. A total of 72,163 new vehicles were registered in August 2014 - a 9.4% rise on August 2013 and the 30th consecutive month of growth, the Society of Motor Manufacturers and Traders (SMMT) said. Last month's figure took the year-to-date total to more than 1.53 million - a 10.1% rise on the total for the first eight months of 2013.

2013 Ford Escape can tow 3,500 pounds with EcoBoost engine

The 2013 Ford Escape, which we saw at the Detroit auto show in January, will have a towing capacity of 3,500 pounds when equipped with the 2.0-liter EcoBoost engine, Ford said on Wednesday. That number easily bests four-cylinder-equipped competitors such as the Volkswagen Tiguan, the Kia Sportage and the Acura RDX. Ford says the new engine will make enough power to pull two jet skis down to the lake with a trailer, or to drag a snowmobile to the frozen tundra.

Chrysler says it needs another $2 billion in aid

In submitting its viability plan to the federal government on Tuesday, Chrysler asked for an additional $2 billion beyond the $7 billion in loans it sought late last year and outlined further steps to cut costs. Chrysler said it will reduce fixed costs by an additional $700 million, cut 100,000 more units of production capacity, discontinue three more model lines and sell $300 million more in assets.