Toyota faces globally linked engine defect probe and recalls
Toyota Motor Corp says about 270000 cars worldwide may have faulty engines including Lexus models. NHTSA has not been formally notified and Toyota considers recalls while NASA, lawmakers, and regulators assess causes and penalties. Lexus cites 137000 US affected. total 270000 globally. no injuries reported.
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United States
Evidence mounts that economic recovery is hitting the skids
Washington reports show a stalled economic rebound with higher unemployment claims and a weak housing market. The Dow fell for a sixth straight day as economists cut growth forecasts to 3 percent or less, while debates over extending jobless benefits continue. Nan Esparza and Todd Childress illustrate the human impact as Congress weighs a $34 billion extension amid a broader deficit dispute.
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US auto sales show weak recovery with June drop
U.S. automakers report lower June sales after May declines as unemployment fears keep consumers cautious. Edmunds data show GM Ford Toyota and Chrysler down 12 to 14 percent from May, Hyundai up slightly, with GM brands up 36 percent year over year.
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