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.
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Category: Sign of the Times
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.
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.
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.
A $302 billion, four-year plan to fund the U.S. Highway Trust Fund — and, in turn, any road and transit projects on the table during the period — was brought before Congress by the Obama administration through the U.S. Department of Transportation.
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.
Automotive News reports General Motors’ top lawyer, Michael Millikin, is co-leading the internal investigation with former U.S. attorney Anton Valukas into the events that led to the February 2014 recall crisis that befell the automaker. The former U.S. assistant attorney joined GM in 1977, switching from battling drug lords to corporate traitors, such as the two-pronged litigation against both Volkswagen and former GM purchasing chief J. Ignacio Lopez when it was found Lopez had stolen various confidential documents upon his departure in 1993; the case was settled in 1997.
As for his current case, Millikin and his legal department found themselves under the gun earlier this month before Congress, with legislatures asking how much was known by them regarding the various lawsuits linked to the ongoing recall. GM stated its lawyer learned of the issue at the end of January 2014.
The battle for Chattanooga may have come to a close for the time being, but the United Auto Workers is seeking mediation from the U.S. State Department in their fight for the Nissan plant in Canton, Miss., with Geneva, Switzerland-based IndustriALL Global Union at their side.
Long after the first SUV gold rush in the United States, the Detroit Three are gearing up for a second gold rush, this time in China.
Over the weekend, General Motors opened their newly expanded GM Korea Design Center in Incheon, South Korea, doubling in size to prepare for new tasks related to the automaker’s overall plans for the small-car market via its Korean global hub.
After backing out from its appeal over results of the February 2014 organization election at Volkswagen’s Chattanooga, Tenn. plant, the United Auto Workers is considering options to organize the plant, just as Volkswagen itself is considering several options outside of Tennessee for its new SUV.
Up until now, the Australian-turned-American Chevrolet SS checked off nearly all of the boxes for performance enthusiasts who sought a sedan that had a Corvette soul, but could take the family out to a weekend at the Circuit of the Americas. Only a six-speed automatic and old-school suspension kept it from matching up with the likes of the Cadillac CTS-V, Chrysler 300 SRT8 and other similar sedans.
The Environmental Protection Agency said Fiat Chrysler Automobiles’ Chrysler and Ferrari divisions, as well as Daimler’s Mercedes-Benz unit, bought greenhouse gas (GHG) credits to remain in compliance with the agency’s 2025 twin goals of 54.5 mpg and halved greenhouse gas emissions.
For Europeans who enjoy self-cleaning ovens and cats, and would prefer not to wash and wax their Nissan Note, Nissan in Europe has unveiled a Note for them that is resistant to dirt and oil by way of its new coating.
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