NHTSA said it received 86 consumer complaints for 2014 model-year Ford F-150 pickups alleging the vehicles ‘suddenly and unexpectedly downshift to a lower gear without warning, often accompanied by temporary rear wheel lock-up.’
A quick rundown of the top auto industry stories of the week.
The longtime DMS provider said its Automotive Commerce Collab will work regardless of what software dealers use to operate their businesses.
The union’s net assets grew last year to $1.1 billion, despite paying out $152 million in strike benefits following prolonged work stoppages last fall at Ford, General Motors and Stellantis.
By PAUL WISEMAN (AP Economics Writer)
WASHINGTON (AP) — A measure of inflation that is closely tracked by the Federal Reserve slipped last month in a sign that price pressures continue to ease.
The government reported Friday that prices rose 0.3% from January to February, decelerating from a 0.4% increase the previous month in a potentially encouraging trend for President Joe Biden’s re-election bid. Compared with 12 months earlier, though, prices rose 2.5% in February, up slightly from a 2.4% year-over-year gain in January.
Excluding volatile food and energy costs, last month’s “core” prices suggested lower inflation pressures. These prices rose 0.3% from January to February, down from 0.5% the previous month. And core prices rose just 2.8% from 12 months earlier — the lowest such figure in nearly three years — down from 2.9% in January. Economists consider core prices to be a better gauge of the likely path of future inflation.
Friday’s report showed that a sizable jump in energy prices — up 2.3% — boosted the overall prices of goods by 0.5% in February. By contrast, inflation in services — a vast range of items ranging from hotel rooms and restaurant meals to healthcare and concert tickets — slowed to a 0.3% increase, from a 0.6% rise in January.