AE Magazine
MENU
SEARCHMENUSEARCH
McLEAN, Va. – Low financing rates for auto loans, rising home values and an improving employment outlook are key factors contributing to a resurgence in new-car and light-truck sales through the first seven months of the year, says Steven Szakaly, chief economist for the National Automobile Dealers Association, reported The NADA. “Looking ahead, there is ... Read More »
Read More →Fiat SpA shareholders approved a reorganization that opens the way for the Italian car maker that owns Chrysler Group LLC to move its headquarters to the Netherlands, its tax domicile to the U.K. and list its shares in New York, reported The Wall Street Journal. With Friday’s green light from shareholders, Fiat will now merge ... Read More »
Read More →Sixty-eight people were killed and nearly 200 others injured, most with severe burns, after an explosion Saturday at an automotive parts factory in eastern China that supplies General Motors, officials said, reported The Detroit News. It was China’s most serious industrial disaster since a fire at a poultry plant killed 119 people in June last ... Read More »
Read More →Toyota Motor Corp is hitching its future to green cars, investing billions of dollars in gasoline-electric hybrids and fuel-cell vehicles, but for now its record profit performance is being powered largely by a gas-guzzling U.S. market, Reuters. In the United States, relatively cheap gasoline prices helped to spur brisk 9 percent growth in industry-wide light ... Read More »
Read More →A fund set up by General Motors to pay for deaths and injuries caused by its vehicles with faulty ignitions is accepting claims, reported The Detroit News. The five-month filing period that began Friday is part of the fallout from General Motors’ recall of 2.6 million small cars beginning in February. That recall forced General ... Read More »
Read More →After recalling 889,000 Sonatas a few days ago, the company added another 420,000 vehicles to its recall list, including the Sonata again, for brake, electrical and rust issues, The Detroit Bureau. The South Korean maker is taking back 225,000 Santa Fe crossovers in 20 cold weather states. The 2001 to 2006 model year vehicles may ... Read More »
Read More →Ignition switch problems that have plagued General Motors and Chrysler have now turned up in the motorcycle business, reported Michigan Live. Harley-Davidson is recalling more than 4,500 FXDL Dyna Low Rider bikes worldwide because engine vibration can turn the switches from “on” to “accessory.” The recall covers motorcycles from the 2014 ½ model year, including ... Read More »
Read More →Volkswagen has replaced its production chief Michael Macht, who oversaw the introduction of a manufacturing platform which was designed to cut costs, a day after the company reported a drop in operating profit, reported Reuters. VW is increasingly relying on its MQB modular platform, a production system introduced two years ago, to save money by ... Read More »
Read More →Sales of cars and trucks stayed on a roll in July toward the best year since 2006 as automakers benefit from stronger U.S. consumer confidence, payroll gains, low-interest rates and pent-up demand for new vehicles, reported Bloomberg. A resurgent American appetite for sport-utility vehicles and crossovers helped General Motors Co. (GM), Toyota Motor Corp., Ford ... Read More »
Read More →WESTLAKE VILLAGE, Calif. — Gen Y consumers are now accounting for a larger percentage of U.S. new-vehicle retail sales than their older Gen X counterparts, according to an analysis by J.D. Power. Year to date in 2014, Gen Y (born 1977-1994) has accounted for 26% of new-vehicle retail sales, putting sales to that generational group ... Read More »
Read More →