Industry

  • GM, Toyota to fight in low-cost car sector

    Toyota has confirmed it will join what is quickly shaping up to be one of the toughest automotive segments to compete in, the ultra-low cost vehicle sector established with the unveiling of the Tata Nano in January. This is set to one of the fastest growing segments in the world with potentially millions of sales in just the Indian market alone so it’s not surprising the likes of Ford, GM and Renault-Nissan have announced plans to develop and market their own budget cars. Toyota will build its new budget car in India within the next two years with sales planned for India as well as...

  • Teenage crashes cost U.S. $34 billion annually
    Teenage crashes cost U.S. $34 billion annually

    A study undertaken by the American Automobile Association (AAA) has found car crashes involving 15-17 year old teenagers cost the U.S. over $34 billion each year. The study takes into account a number of quantifiable factors related to crashes including the cost of medical expenses, lost work and...

  • Ford pledges to cut emissions by 30%
    Ford pledges to cut emissions by 30%

    In a move designed to appease green-minded investors, Ford has pledged to reduce its new-vehicle greenhouse gas emissions by 30% by 2020 at the latest for both the U.S. and Europe. Ford believes promoting itself as environmentally responsible will attract customers, mimicking the strategy Toyota...

  • Three Chyrsler plants may not be halted this summer
    Three Chyrsler plants may not be halted this summer

    A month ago news of Chrysler's impending two-week North American summer shutdown sent ripples through the automotive press. Speculation of tough times and drastic fixes ran amok. Today word from Chrysler reveals that at least three factories could remain open while the rest of the company takes a...

  • Mercedes to file Bluetec patent claim against Audi
    Mercedes to file Bluetec patent claim against Audi

    Mercedes-Benz is planning a suit against Audi for infringement of its Bluetec technology. Under a European patent Daimler owns rights to the particular nature of the system, which controls emissions of diesel engines. Daimler claims to have sent at least three letters through its legal department...

  • Detroit 3 looking at U.S. exports to boost profits
    Detroit 3 looking at U.S. exports to boost profits

    Carmakers may be finding it tough importing cars into the U.S. because of the weak dollar but on the flipside exporting cars outside of the States is proving to be very lucrative. Combine this with last year’s revised labor contracts and U.S. carmakers are now faced with a tremendous...

  • Luxury buyers holding-off on new car purchases

    America’s worsening economy and rising fuel prices has seen new car sales drop to their worst levels in 15 years and the situation is getting so bad that even luxury buyers, usually the last bastion of hope for car dealers, have put the brakes on their spending. Luxury vehicle sales are off almost 13% this year and analysts are predicting things to slow even further before the turnaround. Earlier this week reports emerged revealing American automaker sales were down almost 20% on levels just one year ago, but latest data from Autodata shows that luxury brands like Mercedes-Benz and BMW...

  • SAIC-Nanjing acquires European rights to MG name
    SAIC-Nanjing acquires European rights to MG name

    Chinese automaker Nanjing purchased much of the MG brand while then-rival SAIC took ownership of other names under the MG umbrella, including several Rover models. Not included in either deal, however, were rights to distribute under the MG trademark in Europe. That has been rectified, however, for...

  • Car keys and keyless entry fob
    Scientists crack keyless entry security systems

    Scientists from Ruhr University Bochum (RUB) in Germany have revealed a major flaw in vehicle keyless entry systems by demonstrating a new device that can ‘learn and record’ radio codes used to lock and unlock car doors. In the same way that a universal remote control can mimic commands...

  • Small cars causing big headaches for carmakers
    Small cars causing big headaches for carmakers

    With fuel prices continuing to spiral northwards and consumers around the world adopting a new wave of environmental consciousness, sales of small economical runabouts are skyrocketing and carmakers unaccustomed to building and selling such models are starting to feel the heat. Finding it hardest...

  • Report into flagging UK auto industry ordered
    Report into flagging UK auto industry ordered

    It’s no big secret the British auto industry has been floundering. Most of the country’s premier labels are now owned by foreign companies, and with Asia’s car industry continuing to surge last month’s sale of Jaguar and Land Rover to India’s Tata is unlikely to be the...

  • J.D. Power predicts U.S. diesel and hybrid sales to triple by 2015
    J.D. Power predicts U.S. diesel and hybrid sales to triple by 2015

    Diesel models may account for half of all vehicle sales in Europe but in the U.S. their numbers still hover around the 3% mark. Petrol-electric models, meanwhile, sell in even lower numbers with total sales in the U.S. only accounting for a meager 2.2% of the market. Despite their low popularity in...

  • CSM forecasts global auto market rebound in 2009

    Drawing on a host of statistics, trends and no small share of black arts, the industry analyst group CSM Worldwide has announced a forecast for the auto industry that shows a slow 2008 followed by a robust 2009, ramping up to 17.7 million units worldwide by 2014. CSM also sees growth returning to the North American market in 2009, but calls it 'slow but steady,' with most of the benefit going to the so-called 'Asian 4' - Toyota, Honda, Nissan and Hyundai/Kia. Smaller cars will be favored, taking their increased volume from the mid-size segment. In Europe, growth will be focused in Central and...

  • Unique Performance victims sue Carroll Shelby
    Unique Performance victims sue Carroll Shelby

    Just days after the liquidation of the shady car customizer's assets, Carroll Shelby has been served with a suit brought by the former customers of Unique Performance, the Texas company that engaged in title-washing and other scandalous behavior that eventually led to its bankruptcy and criminal...

  • Oil industry under fire in Washington
    Oil industry under fire in Washington

    As oil companies rake in record profits and pump prices soar ever higher, Democrats in Washington are asking why the industry is fighting so hard to keep massive tax breaks. The answer - simple supply and demand - seems to fall a bit short. But it's one thing to see the problem, and another...

  • Update: BMW will decide this year whether to sell engines
    Update: BMW will decide this year whether to sell engines

    Update: BMW will decide by the end of the year whether or not it will start selling engines to rival carmakers as negotiations with a number of parties are still taking place. Speaking with Automotive News, BMW board member Friedrich Eichiner said GM, Daimler and Fiat have all expressed interest in...

  • U.S. auto sales drop to 15 year lows, Japan no better
    U.S. auto sales drop to 15 year lows, Japan no better

    Auto sales in the U.S. have been on the skids for the good part of a year, due mostly to the country’s credit crisis and rising oil prices, but March levels marked the industry’s worst performance since 1993. Sales were down for most of the major carmakers, with American makes once...

  • Toyota establishes $100m U.S. research facility
    Toyota establishes $100m U.S. research facility

    Toyota today announced the establishment of a new North American research facility located in Ann Arbour, Michigan, which will spearhead research on advanced areas including powertrain technologies, energy systems, and partnerships with government and academia. The carmaker plans to spend $100...

  • Bidding war over Bertone heats up

    Just a few weeks after Mahindra & Mahindra expressed their interest in purchasing the legendary coachbuilder and design house Bertone, China's FAW is throwing its hat in the ring. Both companies see the purchase as their ticket into European markets. A failed deal with Fiat for production of several Lancia models fell through in April 2007 led Bertone to seek bankruptcy protection in December. Now under administration, the firm is being shopped to new owners who it is hoped can turn the company around. The latest report of interest comes from China's FAW, one of the country's largest car...

  • Proton developing new engines, planning more exports
    Proton developing new engines, planning more exports

    Small-scale Malaysian car manufacturer Proton is developing a new range of in-house engines, including diesel engines for the first time, as part of a strategy to increase its export program. Proton has traditionally relied on Mitsubishi engines, but a new requirement for diesel mill and several...

  • Jaguar and Land Rover pose a number of problems for Tata
    Jaguar and Land Rover pose a number of problems for Tata

    While Jaguar and Land Rover will be getting a much-needed resuscitation from Tata and its deep pockets, stricter emissions and fuel-economy regulations set to roll in over the next decade as well as continual reliability and quality issues are likely to prove to be problematic for the new Indian...

  • California eases quotas for zero-emissions vehicles
    California eases quotas for zero-emissions vehicles

    The California Air Resources Board (CARB) has today agreed to reduce the number of zero-emissions vehicles carmakers are mandated to build each year by 70%, easing an earlier target that would have seen them sell up to 25,000 zero-emissions vehicles between 2012-2014. This figure has now been...

  • Jaguar sales expected to double with Tata help
    Jaguar sales expected to double with Tata help

    Jaguar finally changed hands this week with Indian carmaker Tata paying $2.3 billion for both the luxury brand and Land Rover. Although this seems like good value for Tata, Jaguar’s performance of late has been dire. The carmaker sold less than 54,000 units in all of 2007, down from about...

  • Mitsubishi shuts Australian factory
    Mitsubishi shuts Australian factory

    The last Australian built Mitsubishi has rolled off its production line at the carmaker’s Tonsley Park site in Adelaide today, one month after officials first announced the closure of the plant. Mitsubishi first started building cars in Adelaide back in 1980 after acquiring the plant from...

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