Auto-Industry

Essential Pittsburgh
5:46 pm
Wed June 4, 2014

Record Recalls Are Hurting the Auto Industry, But Not a Problem for New Car Buyers

Credit Dave Rezendes/Flickr

To say it’s been a rough year for automakers in the U.S. would be putting it mildly. Last year, 22 million cars were recalled, a number that has already been shattered by 2 million just five months into 2014.

General Motors has led the way with 13 million cars recalled, most due to a faulty ignition switch which has killed anywhere from 13 to 74 people. But they are hardly alone: Ford, Chrysler, and other companies have recalled millions of vehicles.

The recalls could be a painful blow to an industry that is still trying to work its way back from the recession. But Los Angeles Times business writer Jerry Hirsch explained why buyers shouldn’t worry about buying a new car.

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Essential Pittsburgh
5:16 pm
Thu August 1, 2013

Pittsburgh and Detroit: A Tale of Two Cities

Did the federal government's bailouts of the auto industry worsen the city's predicament?
Credit Dave Rezendes/Flickr

Since the beginning of the great recession, Pittsburgh has often been touted as a shining symbol of economic recovery in the rust belt, while Detroit has become the poster-child of nearly apocalyptic economic strife. So what has allowed the Steel City to thrive while the Motor City has stalled? According to Antony Davies, an Associate Professor of Economics at Duquesne University, the answer lies in the two city’s differing approaches to the collapse of their largest industries.

He notes that while Pittsburgh weathered the painful collapse of the steel industry without support, “when Detroit fell on hard times, it turned to the federal government.”

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