U.S. Car Sales Up Double Digits In August

U.S. automakers saw double-digit gains in auto sales in August, despite economic woes, the Associated Presss reports. Total auto sales in the U.S. were projected at 1.2 million for the month, according to the report.

Here are the "Big Three" and their sales totals and percentage increases:

Auto Industry Faces New Problem

Ken O’Brien

An explosion at a German factory that makes resins used in automotive parts has threatened to slow down or halt new car production around the world

The March 31 blast at a plant of chemical maker Evonik Industries AG in the city of Marl in Germany’s Ruhr valley is leading to a shortage of a resin called PA-12. The explosion, which killed two, resulted in a complete loss of making Cyclododecatriene, also called CDT and a key element of PA-12. Global capacity of CDT is very limited.