April 30, 2013

Briefcase

Subaru recalling Foresters

Subaru is recalling just over 10,000 of its 2014 Forester wagons because the floor mats can interfere with the clutch, brake or gas pedals.

The recall affects Foresters made from January 2013 through March. The company says the floor mats can curl when exposed to heat.

The problem was discovered in cars arriving at a port in Vancouver, Washington. A company spokesman said Monday that Subaru knows of no crashes or injuries caused by the defective mats.

The National Highway Traffic Safety Administration says the mats could distract the driver or interfere with operation of the car.

Subaru traced the problem to improperly manufactured backing on the mats.

Dealers will replace all four mats free of charge. The car maker began notifying owners this month.

Benchmark crude tops $94

The price of oil rose above $94 per barrel Monday as positive U.S. economic data added to optimism for a rate cut in Europe.

Benchmark crude for June delivery gained $1.50 to finish at $94.50 a barrel in New York. Oil hadn't finished above $94 since April 10.

Chrysler's profit takes a dive

Chrysler's first-quarter profit tumbled 65 percent as shipments of cars and trucks fell while it prepared factories to launch several key new vehicles.

The Auburn Hills, Mich., company said Monday that it earned $166 million in the January-March quarter, compared with $473 million a year ago. Revenue fell 6 percent to $15.4 billion.

Chrysler, which is majority-owned by Italy's Fiat SpA, said worldwide vehicle shipments fell 6 percent during the quarter to 574,000.

--From news service reports

 

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