Set to be its own master within a year’s time, Ferrari must first pay its dues before freedom calls, all to the tune of €2.25 billion ($2.8 billion USD).
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In the steadily growing U.S. new vehicle market, car sales have increased just 1% through the first ten months of 2014.
Nissan, however, says their car sales have grown 15.5% in 2014, surging forward by more than 90,000 units to 669,538.
In calendar year 2013, total new vehicle sales were up nearly 8%, but car sales grew just 4% during a year in which, for example, pickup trucks were up 12%.
2014 hasn’t been so kind to cars, with the Chrysler Group’s passenger cars collectively falling 15%, Ford Motor Company car sales sliding 4%, GM cars up less than 2%, American Honda car sales up less than 1%, Hyundai car sales down 3%, total Toyota/Lexus/Scion cars up just 1%, and the Volkswagen brand’s cars down 12%. Read More >
General Motors CEO Mary Barra, who was to appear at an awards ceremony in Washington, D.C., opted not to appear to receive an award amid outcry from those affected by the February 2014 ignition switch recall.
Takata’s chairman goes missing amid the company’s airbag recall crisis; the company boosts production of replacement modules at its Mexico plant; and the United States Senate plans to hold hearings regarding the airbag recalls, while also demanding a full reform of the National Highway Traffic Safety Administration over the agency’s role in both Takata’s and General Motors’ respective recalls.
If you’re still waiting for your Model S to arrive in your driveway, you might not be too pleased to learn there could be 3,000 cars hiding in the back room, thanks to one man seeking knowledge about Tesla’s famed scarcity.
Starting in the model year 2015, Mazda Canada is extending its new vehicle warranty program to include unlimited mileage, while retaining the time limits on its coverage.
Per a suggestion by Center for Auto Safety’s executive directory, Clarence Ditlow, attorney Kenneth Feinberg may seek claimants for the compensation plan set up by General Motors in the wake of the February 2014 ignition switch recall by pouring trhough regulators’ files.
Without mentioning the United Auto Workers by name, Volkswagen established a new policy that would allow organized labor groups to hold meetings at its Chattanooga, Tenn. plant, as well as speak with executives.
In September we asked if the TLX could restore Acura’s car business. In October, we realized that by Acura standards, the TLX could quickly end up as a hit. And now in November, with October 2014 U.S. sales results in hand, the Acura TLX is a hit.
We could apply all manner of qualifying statements: it’s early; other cars are transitioning to a new model year as Acura ramps up the TLX; year-over-year comparisons only highlight the dire straits which were afflicting the TLX’s predecessors; the TLX is relatively inexpensive and thus obviously a more justifiable proposition for buyers moving up to “luxury” cars.
Or, the TLX is exactly what potential Acura customers had been desirous of for years. Not too big, not too small. A choice between an efficient four-cylinder or a similarly efficient but far more powerful V6. Front or all-wheel-drive. Transmissions which, at least in terms of ratios, leapfrog the competition. Somewhat subdued but not unattractive styling. And an advertised base price below $31,000.
The result? Only four premium brand cars – 3-Series/4-Series, C-Class, ES, 5-Series – and only six premium brand vehicles – RX and MDX included – outsold the TLX in October 2014. Read More >
As part of the overall strategy of lifting Detroit out of bankruptcy, the Detroit Three have signed on to provide the Detroit Institute of Arts with a $26 million contribution to be distributed over the next 20 years.
The original airbag propellant recipe used by Takata in the modules at the center of the supplier’s recall crisis has been changed, according to an anonymous company official.
Would you like a “professional grade” Jeep Wrangler? Should Buick-GMC vice president Duncan Aldred get his way, that’s exactly what will happen as part of Aldred’s vow to “change the face” of GMC.
General Motors disclosed more deaths linked to the February 2014 ignition switch recall in its quarterly report to the National Highway Traffic Safety Administration, but more headaches await the automaker as the spotlight focuses on CEO Mary Barra’s actual role in the recall in the first place.
A total of 510 employees will be laid-off beginning in January, the result of two separate actions linked to production and inventory concerns.
Mercedes-Benz is shaking things up as far as its long-standing nomenclature system is concerned, as well as introducing a new name to the portfolio: Mercedes-Maybach.
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