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Mixed sales results, but automaker stocks rise on need for cars in Houston

DETROIT — The Big Three Detroit automakers on Friday reported better-than-expected August sales and issued optimistic outlooks for demand as residents of the Houston area replace flood-damaged cars and trucks after Hurricane Harvey, sending their stocks higher. General Motors, Ford and Fiat Chrysler posted mixed August U.S. sales, with GM up 7.5 percent and Ford and Fiat Chrysler down. Japanese automaker Toyota improved sales by nearly 7 percent, while Honda fell 2.4 percent. Still, analysts focused on the potential for Detroit automakers to cut inventories and stabilize used vehicle prices as residents of Houston, the fourth largest city in the United States, are forced to replace tens of thousands, perhaps hundreds of thousands, of vehicles after the devastation from Hurricane Harvey. Mark LaNeve, Ford's U.S. sales chief, told analysts on Friday that following Hurricane Katrina in 2005 "we saw a very dramatic snapback" in demand. That said, Ford sales fell 2.1 percent in August. It sold 209,897 vehicles in the United States, compared with 214,482 a year earlier. Sales were down 1.9 percent in the Ford division and off 5.8 percent at Lincoln. Demand was down for cars, crossovers and SUVs. It was not clear how many vehicles in the Houston area will be scrapped, LaNeve said, saying he had seen estimates ranging from 200,000 to 400,000 to 1 million. Ford's Houston dealers may have lost fewer than 5,000 vehicles in inventory, he said. Ford is the No. 1 automaker in the Houston market, with 18 percent share, according to IHS Markit. The company plans to ship used vehicles to Houston dealers and has "every indication we would have to add some production" of new vehicles to meet demand, LaNeve said. Investor concerns about inventories of unsold vehicles and falling used car prices have weighed on Detroit automakers' shares most of this year. Now, automakers can anticipate a jolt of demand from a big market that is a stronghold for Detroit brand trucks and SUVs. "It's got to be a positive for the industry," LaNeve said. Investors appeared to agree. GM shares rose as much as 3.3 percent to their highest since early March. Ford increased 2.8 percent at $11.34, and Fiat Chrysler's U.S.-traded shares were up 5.2 percent $15.91, hitting their highest in more than five years. GM reported a 7.5 percent increase in U.S. auto sales in August, helped by robust sales of crossovers across its four brands.

Las Vegas reporter makes literal street food

A reporter in the American Southwest did a test to see just how hot it was this week, and received her just deserts. With a promised high of 115 degrees in the Las Vegas Valley on June 20, Caitlin Lilly and Kira Terry of the Las Vegas Review-Journal decided to find out if they could bake cookies and cook breakfast using just the ambient heat of the day and some handy flat surfaces. First, the pair attempted to bake a couple dozen pre-mixed cookies on the dashboard of a Mazda. Starting around 1:00 pm, they left the cookies on a sheet tray propped up beneath the car's un-tinted windows. By 5:00 pm the cookies were done and, according to various R-J staffers, quite delicious. While the cookies were baking, they decided to make themselves something a little more substantial, something to justify the desert they had baking in the Mazda. They found a nice patch of parking lot and tried to fry an egg, some bacon, and a handful of shrimp. The shrimp cooked quickly, as shrimp are wont to do, but after 20 minutes the bacon only browned at the edges while staying raw in the middle. The egg remained uncooked, unfortunately, since even the hottest asphalt isn't hot enough to actually fry an egg. Record high temperatures are baking the American Southwest and Southern California as the region suffers the effects of a weather phenomenon called a " heat dome." Highs of over 100 degrees were reported throughout SoCal, Arizona, and Nevada, which is surprising for mid-June. The threat of wildfires is already astronomical, and people are suffering from heat-related illnesses. Recent Video:

Mazda: Penn & Teller

Mazda turned to magic to highlight its refreshed CX-5, bringing in Las Vegas staples Penn and Teller to saw the CUV in half. The glitzy spot has a very Sin City feel to it, although considering some of the ads we've seen tonight, it's short on shock value, humor and heart-tugging imagery. Have a look, though, and let us know what you think.