AE eMagazine

Sing Your Own Song

Takata Air Bag Recall Expands to Record 34 Million Vehicles

As part of an agreement with Takata, federal regulators expanded the recall of vehicles equipped with the company’s air bags to 33.8 million in the U.S., making it the largest safety recall in the nation’s history, reports Detroit Free Press. The move essentially doubles the number of vehicles being recalled to replace potentially lethal air ... Read More »

Fiat Chrysler Boss Says Tougher U.S. Safety Stance Will Raise Costs

U.S. vehicle safety regulators’ tougher posture toward automakers is a “new phase” in the government’s relations with the industry and will likely mean higher costs, Fiat Chrysler Automobiles NV Chief Executive Sergio Marchionne said Tuesday, reports Reuters. “We’re beginning to live through a new phase of regulation in the United States,” Marchionne told reporters after ... Read More »

Subprime Loan Percentage Falls to Lowest Level in Three Years

SCHAUMBURG, Ill. — In 2015’s first quarter, the percentage of automotive loans that fell within the subprime and deep subprime risk categories made up 19.7% of the market — the lowest share since 2012, according to Experian Automotive. The firm’s State of the Automotive Finance Market report for first quarter 2015 found that subprime loans made up 16.2% ... Read More »

Auto/Mate Receives Platinum Dealers’ Choice Award

ALBANY, N.Y. — Auto/Mate Dealership Systems has announced that it has received a Platinum award in the 2015 Auto Dealer Monthly Dealers’ Choice Awards. This year marks the second time that Auto/Mate has received a top ranking in the publication’s annual award program, which recognizes the industry’s best product and service providers. Winners of the Dealer’s Choice ... Read More »

Manheim Reschedules Make-A-Wish Car Show

CLARKSVILLE, Ind. — Manheim Louisville has rescheduled its Cruisin’ for Wishes car show and fundraiser for June 13, after the event was rained out on May 16. The Criusin’ for Wishes car show will be held from 10 a.m. to 3 p.m. at Manheim Louisville. Registration for the car show begins at 9 a.m. and ... Read More »

FCA Stock Closes Ahead of Ford’s for 2nd Time in a Week

Shares of Fiat Chrysler Automobiles NV closed up 13 cents to $15.60 a share on Tuesday, a dime higher than Ford Motor Co. — the second time this week that shares of the Auburn Hills automaker have topped its Dearborn rival, reports The Detroit News. Ford stock was down 8 cents Tuesday, dropping 2.6 percent ... Read More »

Toyota, Honda Have Best Supplier Relations in U.S.

For the fifth straight year, Toyota Motor Corp (7203.T) and Honda Motor Co (7267.T) topped a study of automakers with U.S. plants in supplier relations, helping them get the best parts at the lowest cost, reported Reuters. Toyota was the tops in supplier relations, followed closely by Honda. Ford Motor Co (F.N) was a distant third, followed by Nissan ... Read More »

U.S. Investigating Nissan Versa for Safety Defect

DETROIT, Mich. — U.S. regulators are investigating the Nissan Versa subcompact after getting reports that a coil spring in the front suspension can fracture and cut the tires, reports The Detroit News The investigation involves approximately 130,000 Versas from the 2008 through 2010 model years. The National Highway Traffic Safety Administration says it has gotten 93 ... Read More »

Marchionne Says He Doesn’t Plan to Testify at July Hearing

Sergio Marchionne, Fiat Chrysler Automobiles NV’s chief executive officer, said he doesn’t intend to speak at the hearing the U.S. National Highway Traffic Safety Administration set for July 2, reports Bloomberg Business. “We have a person who is responsible for regulatory compliance,” he said on the sidelines of an event Tuesday evening in Detroit. “He’s ... Read More »