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Business News - part 4

Volvo Concept Car Features Baby Car Seat

Volvo Concept Car Features Baby Car Seat

BUSINESS

  • Car replaces front passenger seat with platform
  • Company says it is committed to safety
  • Volvo has decided not to participate in 2016 MATS

Swedish automaker Volvo had designed a concept car with parents of young children in mind, hoping to keep children safer and make parents’ lives easier.

A XC90 SUV had had its front passenger seat removed, replaced with a baby seat pedestal. The pedestal allows the car seat to be locked in rear facing position and to swivel. The baby would be able to maintain eye contact with passengers and the driver, and it would be easier to remove the child from the car.

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Mexico Auto Output Increases 6.7% in June

Mexico Auto Output Increases 6.7%  in June

BUSINESS

  • Most imports destined for U.S.
  • Union concerned about steel prices
  • Mexico forced to import gasoline

Mexican auto output increased 6.7% in June to 306,694 vehicles compared to 2014.

Exports rose to 242,720 vehicles, a 5.3% increase.

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Honda CEO Makes It His Mission to Restore Company’s Reputation

Honda CEO Makes It His Mission to Restore Company’s Reputation

BUSINESS

Takahiro Hachigo, chief executive officer of Honda Motor Co., Japan’s third-largest automaker, says the company needs to focus less on deliveries and more on products.

Honda began producing vehicles in 1963, and is facing many challenges from its sales growth including lapses in quality, lack of innovative technology and stressed employees.

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Ford Recalls 433,000 North American Vehicles

Ford Recalls 433,000 North American Vehicles

BUSINESS

Ford Motor Co., the U.S.’s second largest automaker, has recalled 433,000 vehicles in North America because of a glitch that doesn’t allow the ignition to switch off; 374,781 vehicles are in the United States, 52,180 in Canada and 5,135 in Mexico.

When the ignition is shut off and the key is removed, the engine can continue to run. It also can occur when a driver presses the Start/Stop button. The vehicle could then be stolen or roll away.

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Fiat Chrysler U.S. Sales Beat Ford in June

Fiat Chrysler U.S. Sales Beat Ford in June

BUSINESS

For the first time, Fiat Chrysler Automobiles NV, the number four automaker in the U.S., had higher retail sales than Ford Motor Co., the number two automaker, reports Reuters.

In June, Fiat made 278 more retail deliveries than Ford.

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1.5 Million Vehicles on the Road Burn Oil Excessively

1.5 Million Vehicles on the Road Burn Oil Excessively

BUSINESS

  • Audi, BMW and Subaru top list
  • Manufacturers claim oil usage is normal
  • Some consumers suing auto manufacturers

Some new vehicles burn oil excessively, nonprofit consumer organization Consumer Reports reveals in its annual auto survey.

The survey examined nearly 500,000 vehicles, model years 2010-2014, with most still under manufacturer warranty.

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Made in America: Toyota Camry Tops the List

Made in America: Toyota Camry Tops the List

BUSINESS

Finding a vehicle that’s “made in America” is more difficult than ever, according to automotive classified website Cars.com.

According to the site’s annual American Made Index, the vehicle that’s most American is the Toyota Camry. The Camry has claimed the top spot five times, most recently in 2012.

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Paris Ride Sharing Success Inspires London

Paris Ride Sharing Success Inspires London

BUSINESS

  • Program has 150,000 French members
  • Launches in London in early 2016
  • Electric cars will be mainstream in future

Bolloré, owner of the all-electric car-sharing service Autolib, has seen success in Paris and is now expanding to London.

Autolib launched in Paris in 2011. At the time, the company hoped to reach 80,000 members, the number needed to break even, but it has surpassed that goal and currently has 150,000 members.

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GM and Isuzu Partnering to Sell Trucks

GM and Isuzu Partnering to Sell Trucks

BUSINESS

U.S. automaker General Motors Co. and Japanese auto manufacturer Isuzu Motor Ltd. are partnering to produce trucks as GM reenters the medium duty work truck market.

GM benefits from reentering the commercial truck market while Isuzu will benefit from adding to its lineup.

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General Motors Continues Repair of Classic Corvettes Damaged in Sinkhole

General Motors Continues Repair of Classic Corvettes Damaged in Sinkhole

BUSINESS

General Motors Co. has begun the process of repairing classic Corvettes damaged 16 months ago when a sinkhole opened underneath a museum showroom.

On Feb. 12, 2014, a sinkhole opened under a showroom at the National Corvette Museum in Bowling Green, KY. Of the eight Corvettes that fell into the sinkhole, only three will be able to be repaired.

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