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The past year set a record for sales of cars, but investors are signaling doubts about the companies that make them, reports The Wall Street Journal. Shares of auto makers such as General Motors Co. and Ford Motor Co. began sliding late last year. This year, they have fallen even faster than the battered broader market. Analysts and investors attribute the declines ... Read More »
Read More →TORONTO — Cox Automotive Canada, through its Manheim Canada operation, has acquired complete ownership of Manheim Source Edmonton. The auction will now operate as Manheim Edmonton and will continue to serve clients in its existing market. This announcement follows Cox Automotive Canada’s announcement in October that it is broadening its footprint in Western Canada. “We ... Read More »
Read More →SUNNYVALE, Calif. — Renault-Nissan Alliance has announced that it will launch more than 10 vehicles with autonomous drive technology in the United States, Europe, Japan and China within the next four years. In 2016, the vehicle OEM plans to debut vehicles with “single-lane control,” a feature that allows cars to drive autonomously on highways and ... Read More »
Read More →DETROIT – U.S. sales of new cars and light trucks will set an all-time record in 2016, said Steven Szakaly, chief economist of the National Automobile Dealers Association. “More than 17.7 million new light vehicles will be purchased or leased this year, about a 2-percent increase from 2015, and setting back-to-back records,” Szakaly said. “It ... Read More »
Read More →The U.S. government and a group of global automakers are set to unveil a voluntary agreement at the Detroit auto show on Friday aimed at improving auto industry safety and spurring culture changes, according to company and government officials. The accord could set the framework for further discussions on safety reforms and mark a new ... Read More »
Read More →Volkswagen AG’s work to overcome the emissions-cheating scandal was set back after the California Air Resources Board rejected its proposed engine fix as “incomplete,” just a day before Chief Executive Officer Matthias Mueller meets regulators to discuss ways out of the crisis. “Volkswagen made a decision to cheat on emissions tests and then tried to cover ... Read More »
Read More →General Motors Co said on Tuesday it will introduce a new safety system to remind drivers to check for children in the rear seats, and that it could eventually develop features to detect forgotten children, reports Reuters. The Detroit automaker showed off its 2017 Acadia SUV that includes what it says is an industry-first feature ... Read More »
Read More →The Federal Trade Commission has announced plans to conduct a survey of consumers regarding their experiences in buying and financing automobiles at dealerships, reports JDSUPRA BUSINESS ADVISOR. According to the supplementary information in the notice soliciting comments on the proposed survey, the survey “is intended to inform the [FTC] about current consumer protection issues that may exist ... Read More »
Read More →AUSTIN – RoadVantage, the fastest-growing provider of F&I programs for the automotive industry, today announced a powerful new addition to its Preferred customizable bundles, making it the most robust program available in the market today for retail and leased vehicles. The enhanced Preferred bundle incorporates environmental interior and exterior coverage, into the coverage already included: tire ... Read More »
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