Business News - part 4
BUSINESS October 5, 2015 | 12:21 PM
- Front wheels can lock up
- There have been no accidents
- Honda produces 30 million car in North America
Honda Motor Co. has issued a recall of 143,676 cars in the U.S. because of a software issue.
The models affected are the 20015 Fit and the 2014-2015 Civic.Read more »
BUSINESS October 1, 2015 | 11:42 AM
- Average selling price increases
- Ford and Fiat also have a strong month
- GM controls about a third of the truck market
General Motors, the largest U.S. automaker, had a strong September increasing sales 12% and deliveries 17%, reaching 251,310 vehicles.
September is the sixth straight month with sales increases.Read more »
BUSINESS September 30, 2015 | 11:47 AM
- Company says it values quality over production time
- Model X will soon have competition
- Tesla works to increase customer base
Electric-car manufacturer Tesla Motors has released its Model X SUV after a two-year delay, delivering the first six vehicles.
Announced in 2012, Model X experienced several production delays. Tesla has said it prefers to meet quality specifications as opposed to production deadlines and has called the Model X a challenging build.Read more »
BUSINESS September 29, 2015 | 1:02 PM
- Automaker has not provided details on repairs
- Recall would be one of the world’s largest
- VW scandal erupted in mid-September
Volkswagen, the world’s largest automaker, will soon fix cars that were outfitted with software to deceive emissions standards tests.
Owners will be notified in the near future, the automaker said.Read more »
BUSINESS September 28, 2015 | 11:40 AM
- 470,000 Sonatas recalled for engine debris
- 100,000 Accents recalled for faulty brake lights
- Former Volkswagen CEO under investigation
Hyundai Motor Corp. has issued two recalls of 570,000 cars in the U.S. because mechanical issues could led to an accident.
The first recall affects 470,000 model years 2011 and 2012 Sonata sedans with 2 and 2.4 liter engines. Metal debris may not have been removed from the crankshaft during the manufacturing process. The debris prevents oil from moving freely and cooling the connecting rod bearing. When this happens, the bearings can overheat, causing the engine to stall which could cause a crash.Read more »
BUSINESS September 24, 2015 | 11:15 AM
- Conclusion based on tests from same lab that uncovered Volkswagen scandal
- Other BMWs tested in normal range
- BMW denies any wrongdoing
Luxury automaker BMW AG’s crossover, the X3 xDrive 20d, emits nitrogen oxide emissions 11 times higher than those allowed by European emission standards, according to German magazine Auto Bild.
The magazine used information from a road test conducted by the International Council on Clean Transportation (ICCT).Read more »
BUSINESS September 23, 2015 | 11:46 AM
- Service launching in the city of Chengdu
- China seen as a large growth market
- Uber expanding into larger headquarters
Ride-hailing company Uber has launched a new carpool service in Chengdu, China, called UberCommute.
The service differs from the company’s existing carpool service UberPool in that it allows drivers to carpool with others going in the same direction for long distances. Driver and riders share the cost of the trip.Read more »
BUSINESS September 22, 2015 | 1:18 PM
- 11 Million Vehicles Affected Worldwide
- VW under investigation from several agencies
- German auto industry’s reputation threatened
Volkswagen’s fuel emissions-cheating scandal is much worse than initially thought as the German automaker admits 11 million diesel vehicles are affected.
The scandal began last week when the U.S. Environmental Protection Agency confronted Volkswagen about discrepancies between emission tests and lab results on model year 2009-2015 Beetles, Golfs, Passats and Audi A3s with Type EA 189 engines. VW admitted it used software to cheat EPA tests and meet emission standards.Read more »
BUSINESS September 21, 2015 | 12:04 PM
- Software installed in vehicles fooled pollution tests
- 2015-2016 diesels pulled from U.S. market
- CEO issues apology
Volkswagen of America officials have admitted to using software to cheat Environmental Protection Agency tests in its TDI diesel cars. The automaker had told the EPA discrepancies were caused by technical glitches, according to the California Air Resource Board and the EPA.
The admission came only after the EPA threatened not to approve the automaker’s 2016 models.Read more »
BUSINESS September 17, 2015 | 11:53 AM
- GM also agrees to monitoring
- Settlement smaller than Toyota’s over-acceleration issue
- Ignition issue goes back a decade
General Motors Co., the largest automaker in the U.S., has settled criminal charges with the U.S. Justice Department and will be required to pay $900 million and be monitored for four years on its safety practices.
The charges alleged GM failed to correctly handle an ignition-switch issue that is blamed for more than 300 deaths and injuries. The automaker allegedly knew of the issues for a decade and hid evidence of the problem.Read more »