Industry

  • Chrysler confirms talks with Fiat over U.S. production

    Facing serious trouble in its home market, Chrysler is looking overseas for its salvation and has reportedly been in negotiations with a number of foreign carmakers including China’s Chery Auto and Great Wall Motors, India’s Tata and Mahindra & Mahindra, and more recently Nissan and Fiat. Chrysler has now confirmed that it has been in talks with Fiat in regards to lending its under-utilized North American production capacity to build vehicles for the Italian carmaker. The information comes from Chrysler vice chairman Tom LaSorda, who revealed to the Financial Times that no...

  • Exhaust speaker system tunes hybrid to V8 sound
    Exhaust speaker system tunes hybrid to V8 sound

    A German automotive supply company has announced a system that applies basic principles of sonic tuning to produce an exhaust system capable of rendering nearly any sound desired. The problem of hybrid cars being too quiet for pedestrian safety is well-known, but the company also sees other, more...

  • BMW issues airbag recall for 200,000 cars
    BMW issues airbag recall for 200,000 cars

    A recall for 200,000 North American BMW vehicles with potentially malfunctioning airbags was revealed today in a bulletin by the National Highway Traffic Safety Administration (NHTSA). The bulletin states the affected vehicles include: 2004 and 2005 5-series sedans, 2004-2006 X3 SUVs and a portion...

  • Ford plan will use premium small cars to boost margins
    Ford plan will use premium small cars to boost margins

    While the American auto market shifts towards smaller vehicles, manufacturers are struggling to make large profit margins on their compact cars, which traditionally have been supplementary to truck and large car business. Ford has a plan to increase profit margins on small cars, however, by...

  • Chrysler plant expansion will generate 400 jobs, $1.8B investment
    Chrysler plant expansion will generate 400 jobs, $1.8B investment

    Saving jobs and investing new money in plant expansion is a story that runs against the current of the industry's present outlook, but Chrysler today announced it will be doing exactly that. By building a new body shop and upgrading its paint operations at the Jefferson North plant in Detroit...

  • Ford sticks to product plans despite falling fuel price
    Ford sticks to product plans despite falling fuel price

    A drop in the price at the pump won't deter Ford from its plan to revamp its North American lineup, a company official said today. This year's first-half fuel price rises prompted the entire industry to change its tactics even as they face dismal sales on product lines better suited to fuel prices...

  • Chrysler accuses Mahindra & Mahindra of copying designs

    It was reported back in February that Chrysler and Mahindra and Mahindra (M&M) were in negotiations over a number of deals including one that could have seen Chrysler sell its Jeep brand to the Indian truck manufacturer. Latest reports indicate that the two are now embroiled over a case of copied designs, with Chrysler accusing M&M of ‘borrowing’ its vertical slit front grille design for the Scorpio SUV (pictured). While no legal action has been taken yet, the two companies have been discussing the issue for more than a month and both appear to be holding their ground. Speaking...

  • CAFE expected to change vehicle distribution and composition
    CAFE expected to change vehicle distribution and composition

    The impending Corporate Average Fuel Economy (CAFE) regulations are set to have a major impact on the types of vehicles both sold and produced in the United States, as carmakers resort to changing the composition of their lineups to meet the tough new standards. The stringent guidelines set by the...

  • Toyota concerned about Detroit rivals
    Toyota concerned about Detroit rivals

    Toyota is now well-recognized as the world’s biggest and most profitable carmaker but even it cannot afford to see its closest rivals go out of business. Given the tightly interlinked ties between carmakers, suppliers and regulators, even if one major company goes under it could spell serious...

  • 2008 U.S. fuel efficiency sets new industry record
    2008 U.S. fuel efficiency sets new industry record

    A report released today by the National Highway Traffic Safety Administration (NHTSA) reveals that the vehicles produced during the first half of 2008 have set the record for the most fuel efficient to date. Including both cars and light trucks (meaning both pickups and SUVs), the national average...

  • Industry executive blasts U.S. over hybrid, electric policy
    Industry executive blasts U.S. over hybrid, electric policy

    Mary Ann Wright, head of the hybrid-battery joint venture for Johnson Controls and Saft has made a strong statement about the need for new thought and organization for the government officials and agencies that deal with the advanced vehicle industry. Criticizing the U.S. Council for Automotive...

  • Chrysler proposing four-day work week to reduce costs
    Chrysler proposing four-day work week to reduce costs

    The struggle to save energy is forcing businesses and governments alike to rethink their energy usage from every angle. Chrysler has come up with a proposal for the UAW that would see both the Detroit company and all of its employees using less energy every day during production by switching to a...

  • U.S. hybrid owners among the most loyal

    Brand loyalty is a highly-sought after attribute in a customer base, from the carmaker's perspective, and according to data compiled by Experian Automotive, American hybrid buyers are among the most loyal car shoppers around. Fully 47% of hybrid buyers buy the same make (brand) of car when shopping for a replacement, compared to just 35% for all buyers. That figure may be influenced somewhat by Toyota's long-standing dominance of the hybrid marketplace, with a number of hybrid models including the highly popular Prius to draw customers back. Support for that possibility is found in the...

  • Carroll Shelby and SAAC end legal quarrel
    Carroll Shelby and SAAC end legal quarrel

    Fans and owners of Carroll Shelby's creations in the Shelby American Auto Club (SAAC) have come to a resolution with the man himself, ending the battle that started earlier this year. The basis of the disagreement was over Shelby's perception of the club's use of his image and likeness for profit...

  • Cars now at most affordable prices since 1980
    Cars now at most affordable prices since 1980

    Carmakers are struggling and the global economy is straining under the weight of high oil prices, but cars haven't been this affordable in nearly 30 years. Calculated by relating the number of weeks it takes for the median family's income to pay for the average new-vehicle price, the quarterly...

  • Diesel tax credit applies to Mercedes BlueTec models
    Diesel tax credit applies to Mercedes BlueTec models

    Volkswagen's Jetta TDI is already eligible for a $1,300 tax credit courtesy of the Internal Revenue Service, thanks to its clean diesel engine. Now, the IRS has also extended this to certain Mercedes-Benz models. Previously the federal alternative-powertrain tax credit only applied to hybrid...

  • Toyota reveals 99% nosedive in North American operating profit
    Toyota reveals 99% nosedive in North American operating profit

    Last week saw Toyota announce its first profit drop in nine years, with the carmaker revealing a 39% decline in its global operating profit the quarter ending in June this year. The industry juggernaut has now revealed an even worse result in percentage terms for its North American unit, with...

  • Abu Dhabi group eyes stake in Daimler
    Abu Dhabi group eyes stake in Daimler

    The Abu Dhabi Investment Authority (ADIA) has expressed an interest in purchasing a large stake in Daimler, according to new reports from Germany. The ADIA is wholly owned by the Abu Dhabi Government and is purported to be one of the largest wealth funds in the world, with estimates for the fund...

  • GM settles shareholder lawsuit for $277 million

    The end to a lawsuit filed against General Motors by a German bank in 2006 is drawing near, as the carmaker prepares to pay out $277 million as a settlement. The payout will no doubt be felt dearly at GM, but it's equally likely that the decision to settle is financially preferable to litigating the matter, which could easily cost considerably more, especially if the company were to lose. The suit alleges GM artificially inflated its stock price, thereby misleading investors and causing the banks to lose money by purchasing improperly valued GM stock and debt. If the settlement is approved by...

  • Recycled plastics to help industry cut costs
    Recycled plastics to help industry cut costs

    Fuel isn't the only substance in a car made from oil. Many synthetic plastics are also petroleum-derived, and automakers are looking to recycling as a way of reducing the costs of the flexible material. So far the plans don't include much in the way of using recycled plastic on the user-interface...

  • Chevrolet begins Aveo production at new plant in Mexico
    Chevrolet begins Aveo production at new plant in Mexico

    In an effort to ramp up availability of its small cars for the North American market, General Motors has officially started production at its San Luis Potosi complex in Mexico. The plant will be building the Daewoo-based Aveo (Aveo5 model pictured)for sale throughout the continent. The plant...

  • McLaren hires Frank Stephenson as new design director
    McLaren hires Frank Stephenson as new design director

    You may not know him by name, but Frank Stephenson is the man responsible for the designs of the Mini Cooper, the Fiat 500 and the Alfa Romeo Mi.To - three of the most lauded hatchbacks of the last decade. He is also responsible for the design of the Ferrari F430 and 612 Scaglietti in addition to...

  • EU lays groundwork for vehicle-to-vehicle communications system
    EU lays groundwork for vehicle-to-vehicle communications system

    The European Union has taken the first major steps to establishing a next-generation vehicle-to-vehicle communications system by passing a motion today to reserve an EU-wide frequency band for vehicle applications. With a targeted goal of reducing road accidents, today’s motion aims at...

  • Switzerland considering extremely tough anti-car law
    Switzerland considering extremely tough anti-car law

    Switzerland's political system, like that of California and several other states and nations, allows for individuals to propose legislation upon the gathering of enough signatures to support the bill. One such proposition by the youth section of the Swiss Green Party would ban all vehicles weighing...

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