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Ford recalling 2001-2004 Escape SUVs for brake work

Ford said it was recalling 527,000 Escape sport utility vehicles after receiving reports of engine fires linked to the anti-lock brake connectors, according to Reuters.
The vehicles involved in the recall were from the model years 2001 to 2004, Ford spokeswoman Kristen Kinley said. The automaker is recalling 444,000 in the United States. The rest of the SUVs were sold in Europe, Mexico and Canada.
The recall does not affect hybrid versions of the SUV, Kinley said

Posted by   at 12:15 PM to Companies | Permalink | Comments 0

Oil prices jump on cut in gasoline stocks

Oil prices jumped today after U.S. gasoline stocks fell far more than expected ahead of the busy summer months in the world's top consumer, according to Reuters.
U.S. crude was up 64 cents at $62.54 a barrel in morning trade. Gasoline stocks fell 5.5 million barrels last week compared to 1.4 million barrels predicted in a Reuters poll. Crude stocks climbed 700,000 barrels against a forecast 1.5 million barrel rise, the Energy Information Administration data showed.

Posted by   at 12:10 PM to Oil | Permalink | Comments 0