A weakening local economy and increasing purchasing restrictions could put a hamper on automotive sales in China according to the analysts at LMC Automotive.
Find News by Subject:
Category: Industry
The Federal Trade Commission voted 4-0 Thursday to resume its review of fuel economy claims in advertising by automakers and dealers, and whether or not the agency should revise the 40-year-old guidelines governing them.
The Japanese auto market took a hit in sales last month, falling 5.5 percent to 345,226 units as an increased consumption tax of 8 percent took hold in a sign of a slow year in sales.
Ford’s board of directors has confirmed Mark Fields as the Blue Oval’s next CEO. Current CEO Alan Mulally will depart on July 1st, with Fields assuming the post immediately.
Holden may be losing the Commodore, but the brand will gain three new “premium” offerings, suggesting a possible direction for its famed HSV performance shop.
Though the European Environment Agency proclaimed new cars sold throughout the European Union in 2013 as being 4 percent cleaner than those sold in 2012, an environmentalist group says testing loopholes are the cause behind the results.
Walmart is the home of low prices on many, many things, from clothes and groceries, to televisions and tires. The retailer also offers a number of financial services, such as prepaid debit cards and money transfers. And of course, they’re even experimenting with heavy-duty truck design for better fuel economy.
As of this week, though, Walmart shoppers can add one more item to their list: Auto insurance.
For European and Chinese customers awaiting the 2015 Volkswagen Passat B8, the following spy photos should hold them until the sedan’s debut at the 2014 Paris Auto Show in October.
Detroit Free Press reports the U.S. Treasury lost $11.2 billion in taxpayer money from the rescue of General Motors back in 2008, up from the $10.3 billion estimated after the agency sold its remaining shares back in early December 2013. Part of the final figure came as a write-off of an $826 million “administrative claim,” which was found in a report by the Office of the Special Inspector General for the Troubled Asset Relief Program. The overall figure pales in comparison to the $50.2 billion given by both Bush and Obama administrations between 2008 and 2009 to GM as the automaker struggled through its financial crisis at the onset of the Great Recession.
For the past decade, midsize sedans have been the most popular segment in America. But data from Polk and IHS Automotive suggests that might be changing.
Yesterday’s chart didn’t include premium C-segment entrants, but commenter Vega beat me to the punch in mentioning them.
Automotive News reports General Motors, already being hammered from all sides from its delayed recall of 2.59 million vehicles affected by a defect in the ignition switch, issued a customer-satisfaction campaign in mid-March of this year for 1.2 million crossovers whose airbags may fail to deploy in a side-impact crash, an issue known to the automaker since 2008. Once the National Highway Traffic Safety learned of the decision, however, GM did an about-face and upgraded the campaign to a full recall. In addition, its Executive Field Action Decision Committee considered a full recall as early as November 2010, opting to issue service bulletins four times between then and 2012 instead, which spokesman Alan Adler claims satisfied the issue thoroughly without the need for increased action.
It seems Mrs. Beckham (and Range Rover) may have to deal with another brand knocking-off her style, thanks to Landwind’s introduction of the E32 soft-roader SUV.
As part of a $302 billion, four-year plan to fund both infrastructure and highway funding, U.S. Transportation Secretary asked Congress to allow the National Highway Traffic Safety Administration to boost its maximum fine from the current $35 million levy to $300 million.
Toyota’s decision to shift sales operations to Texas has been the subject of much hand-wringing over the past few days, but the high-water mark for hate speech so far has come from Christie Schweinsberg at Ward’s Auto.
Read More >
Recent Comments