Industry

  • Oil prices reach record $100.10 per barrel

    Oil prices reached a new record high yesterday, peaking at $100.10 per barrel before closing slightly lower at $100.01. There was no one major cause for the steep hike but some of the events that could have motivated investors include an explosion at refinery in Texas, a falling U.S. dollar, the possibility OPEC may cut production next month and the recent turmoil involving Venezuelan President Hugo Chavez. The fact that there was no major underlying reason for the hike could be a sign of things to come. Demand for oil is increasing worldwide but suppliers have been slow to adjust production...

  • VW America to launch six new models this year
    VW America to launch six new models this year

    Last year Volkswagen officials set an ambitious target to sell more than nine million vehicles worldwide by 2018, but with current levels hovering around the six million car mark VW will have to tackle the lucrative U.S. market if it has any hope of reaching its goal. Long term plans include...

  • Tata only wants Land Rover, plans to sell Jaguar?
    Tata only wants Land Rover, plans to sell Jaguar?

    Many found it puzzling when India’s Tata, a company that specializes in econo cars and commercial vehicles, announced plans to purchase a struggling luxury brand like Jaguar, but it appears there could be more to Tata’s takeover of Ford’s premium brands then first reported...

  • Porsche to challenge London's £25 emissions charge
    Porsche to challenge London's £25 emissions charge

    Porsche Cars UK has taken the unusual step of taking legal action against London mayor Ken Livingstone’s recent proposal for a £25 ($50) daily charge on high emissions sports cars and SUVs that drive though central parts of the UK capital. The new scheme will come into effect on October 27...

  • Car suppliers developing next-gen electronic brakes
    Car suppliers developing next-gen electronic brakes

    Electronic braking systems have been a major source of interest in the motor industry for years now but the idea of replacing slow and outdated hydraulic systems with instant-response electronic systems is nothing new. The aeronautical industry has been using electronic set-ups for years while the...

  • Carmakers looking to plastic to shave weight
    Carmakers looking to plastic to shave weight

    If you’re aren’t a fan of cars made with plastics and composite materials then the future isn’t looking too rosy because the next-generation of vehicles are going to feature lots more of the lightweight stuff and in places you wouldn’t normally expect to find it. Carmakers...

  • Mercedes-Benz settles in price-fixing lawsuit

    Mercedes-Benz has decided to settle in a lawsuit filed against it in the U.S., which claims the carmaker and several of its dealers in New York are guilty of price fixing. The case, which was first filed nearly nine years ago, has come to an end with Mercedes America agreeing to a $9.5 million settlement and 23 individual dealers also agreeing to an $8 million settlement. The class-action suit alleges Mercedes and the dealers "unlawfully agreed to fix, raise, maintain and stabilize prices" of vehicles sold in the New York area, reports Automotive News (subscription required). The suit alleged...

  • Americans losing their love for V8s
    Americans losing their love for V8s

    The end of the performance V8 engine is approaching. Of course, there will also be the odd enthusiast after the smooth revving and torqeuy nature of a big V8 but their numbers are dwindling fast. A new study has found that installation rates for V8 engines, the favored choice of powerplant for...

  • Obama promises to help Detroit 3, encourages hybrids
    Obama promises to help Detroit 3, encourages hybrids

    During a speech at GM’s oldest running production plant, U.S. presidential candidate Barack Obama made it clear that he will help the Detroit 3 and the economy in general. This is in contrast to his previous criticisms towards the domestic carmakers, especially in regards to low-mileage SUVs...

  • U.S. wins trade case against China
    U.S. wins trade case against China

    In what could prove to be a major turning point in the fight against unfair protection policies in Asia, the U.S. has won a preliminary ruling in a World Trade Organization (WTO) case over Chinese tax policies that restrict imports of foreign auto parts into the world’s most populace country...

  • Union boss fearful for GM & Ford, wants to block imports
    Union boss fearful for GM & Ford, wants to block imports

    It’s no secret the Detroit 3 is losing market share to foreign makes, especially in North America were U.S. manufacturers have traditionally been the dominant players. Strong competition from Japanese and Korean makes have eroded the Detroit 3’s stranglehold on the U.S. market and has...

  • Auto insurers pulling the plug on high horsepower?
    Auto insurers pulling the plug on high horsepower?

    We've been hearing about the auto manufacturers toning down the quest for more horsepower, and while a good case can be made that it's time, there will always be those who want more. But now the auto insurance industry is coming out with some statistics that could bring the hammer down even harder...

  • GM nixes the Trans-Am, but the G8 lives

    Not many cars can claim to have given birth to two American small- and big-screen legends, but the Trans Am can. Notorious for its use by The Bandit in the Smokey & The Bandit series of movies, the Trans Am was also the original basis for Knight Rider's KITT. Plans to revive the legendary nameplate alongside the new Camaro have been shot down, however. The cost of bringing the Trans Am to market under the new fuel economy scheme just wouldn't make sense, according to GM leaders. News of the Trans Am's demise comes from a conference GM held with its Buick, Pontiac and GMC dealers. Despite...

  • GM posts record $38.7 billion loss for 2007
    GM posts record $38.7 billion loss for 2007

    GM’s financial results for 2007 have finally been revealed and as predicted its net loss for the period amounted to a whopping $38.7 billion, a new record for the General. Of course, most of this figure is the result of a tax write down undertaken in the second half of last year but GM's...

  • Hybrids delaying fuel-cells and other technologies?
    Hybrids delaying fuel-cells and other technologies?

    To most, hybrid vehicles like the Prius are a step in the right direction towards a future of ‘greener’ motoring but a new study has found that such cars are actually holding back other alternative powertrain technologies like hydrogen fuel cell vehicles and all-electric cars. French...

  • Saab expects a slow 2008
    Saab expects a slow 2008

    As the industry turns its gaze to the coming year, bleak outlooks predominate. Some makers are actually making headway, increasing sales in January compared to last year. Most are seeing sales slip away. Saab is one of the makers that doesn't see loss in its future, but neither does it see...

  • GM to consolidate luxury brands
    GM to consolidate luxury brands

    General Motors is one of the most diverse carmakers in the business, commanding up to eight brands in the U.S. alone. Officials now hope to harmonize all of these brands into smaller groups and in the process make marketing and buying the vehicles simpler. Last month GM sales Chief Mark LaNeve told...

  • Michiel Mol backs out of Spyker
    Michiel Mol backs out of Spyker

    One of Spyker’s key investors and former director of its F1 team Michiel Mol is reported to have sold his last remaining stake in the company to an investment fund in Latvia, essentially cutting all his ties with the ailing sports carmaker. Mol originally paid up to €37 million for his...

  • Second-gen Nano to hit Europe by 2012

    Already making waves in its home market of India, Tata's Nano is aiming for Europe's micro-car market. Since the introduction of the $2,500 car, the bottom has fallen out of the Indian used car market, pundits have begun speculating on the Nano's impact on global fuel prices, and everyone has been wondering when the little car will make it to Europe or the United States. Solutions to the first two issues are still up in the air, but word is out that Tata is hoping to bring a second-generation Nano to Europe by 2012. The current car is almost certainly not capable of meeting the tough safety...

  • Chrysler dealer ultimatum: no full line without Genesis
    Chrysler dealer ultimatum: no full line without Genesis

    The recently announced Project Genesis aims to put Chrysler's house back in order by chopping models and combining dealerships. Streamlining the entire business, from top to bottom, is the basic goal. To that end, dealerships will have to get with the program or face going without a full line of...

  • Chrysler will axe more models, consolidate brands
    Chrysler will axe more models, consolidate brands

    Now that Chrysler is in private hands the tough decisions are coming hard and fast. Last year we saw officials axe cars like the PT Cruiser convertible, Pacifica, Crossfire and Dodge Magnum and now there are reports that even more models will be dropped from the current lineup. Under its new...

  • GM wants half its fleet on Ethanol by 2012
    GM wants half its fleet on Ethanol by 2012

    Some carmakers are looking towards electric vehicles and hybrids to end the reliance on fossil fuels while other manufacturers are backing biofuel vehicles that run on ethanol or other renewable fuels. GM is sitting on both sides of the fence, developing both plug-in hybrid technology and a range...

  • Updated: Mercedes CLS production stays in Germany
    Updated: Mercedes CLS production stays in Germany

    Updated: An official spokesman for Mercedes-Benz has confirmed that production of the CLS will remain at the current plant in Sindelfingen, Germany. This is in contrast to earlier comments from Mercedes COO Rainer Schmueckle, who said outsourcing of the CLS was in fact being considered. Original...

  • Aston Martin & Mercedes join forces for brand expansion
    Aston Martin & Mercedes join forces for brand expansion

    Excellent name recognition and reputation are key elements of successful luxury-market products, whether they are handbags or limousines. Aston Martin's primary shareholder, Kuwaiti firm Investment Dar, is planning to take advantage of Aston Martin's cachet by expanding the brand to include...

Follow Us on Instagram @motorauthority

News First Drives Auto Shows Photos Videos Spy Shots