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May 02, 2015 MONEY (MSM)

U.S. auto sales disappoint in April as Asian automakers miss mark

U.S. auto industry sales in April came in below expectations as Asia’s major carmakers’ results disappointed, offsetting strong gains for trucks and SUVs made by General Motors (GM.N) and Ford (F.N). Sales reported on Friday by Japan’s Nissan , Toyota and Honda , as well as the combined results for South Korea’s Hyundai and its Kia affiliate, all missed expectations. Industry sales in April finished at 1,454,951 vehicles, up 4.6

May 02, 2015 MONEY (MSM)

ADB says will maintain standards when cooperating with AIIB

The Asian Development Bank (ADB) said on Saturday that it was ready to work with the China-led Asian Infrastructure Investment Bank (AIIB) so long as standards were met, while also announcing changes to boost its own lending capacity by billions of dollars. China has said 57 countries have signed up to become founding members of the AIIB, but so far the United States has chosen to remain outside the bank,

May 02, 2015 MONEY (MSM)

Ford expands door latch recall to 156,000 more vehicles

The recalls include certain Ford Fiesta, Fusion and Lincoln MKZ models. The company recalled about 390,000 of the three vehicle models in North America last week to fix the same issue. The driver’s door can potentially unlatch while the car is in motion, increasing the risk of injury, Ford said. Ford has said it is aware of two incidents in which an unlatched door bounced back and struck the driver