Sonari Glinton

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RENEE MONTAGNE, HOST:

And out next business story fits in the category of what were they thinking? Ford Motor Company is apologizing for ads sketched up by an agency in India - ads that have been decried as demeaning to women. They are cartoon drawings showing off how spacious a Ford trunk can be. One spoofs Italy's former prime minister, Silvio Berlusconi. He's at the wheel, and in the trunk, three women, tied up.

NPR's Sonari Glinton reports.

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RENEE MONTAGNE, HOST:

It's MORNING EDITION from NPR News. Good morning, I'm Renee Montagne.

DAVID GREENE, HOST:

And I'm David Greene.

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RENEE MONTAGNE, HOST:

NPR's business news starts with charges of pension fraud.

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MONTAGNE: A federal grand jury has indicted the former CEO of the California Public Employees' Retirement System.

NPR's Sonari Glinton has more on the bribery and influence-peddling case.

SONARI GLINTON, BYLINE: Let's start with the characters. There's Calpers - or the California Public Employees Retirement Systems. As pensions systems, go you can't get bigger.

After more than 100 years of ups and downs, General Motors has a lot of history. Most of GM's history is in the form of cars — hundreds of actual individual cars. The company tries to keep at least two of each car in storage. NPR's Sonari Glinton went on a walk through GM's attic to find out about the company's past and future.

Economists look at many tea leaves as they try to determine the health of the economy. One of the most important surrounds vehicle sales, and more specifically pickup truck sales, which are tied to the construction industry. And as last month's sales rose 18 percent, the auto industry is betting big on a real estate rebound.

It's arguable that the Ford F-150 is the most important vehicle to come out of Detroit since the Model-T. It's also built where many parts for the old Model-T were made in Dearborn, Mich.

For President Obama's first inauguration, Rep. Danny Davis of Illinois organized a group of more than 700 people — on 10 buses — to make the journey from Chicago to Washington, D.C.

Last time, one of those buses broke down. This time, however, the group decided to take an 18-hour Amtrak ride to see the second presidential inauguration of their hometown hero.

Davis staffer Tumia Romero, who organized the trip, says she did not want to deal with the nightmare of a bus having issues again.

This week, the sleek, speedy Chevy Corvette turns 60 years old. In the increasingly competitive auto business, where few cars make it past their teens, that makes it nearly ancient.

General Motors, however, is not retiring one of America's oldest sports cars just yet, and is embarking on the perilous path of updating the beloved brand. The auto company unveiled the new 2014 Corvette at the Detroit Auto Show on Sunday, a model that also revives the long-dormant Stingray name.

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STEVE INSKEEP, HOST:

NPR's business news starts with a roundup of auto sales.

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INSKEEP: We mentioned the other day that auto sales numbers for 2012 were looking like they were going to be very good. Now we have the numbers. For the auto industry, sales increased by 13 percent in 2012 and the major carmakers were profitable.

NPR's Sonari Glinton tells us why.

SONARI GLINTON, BYLINE: 2012 brought with it the third straight year of double digit growth for the auto industry.