Business News - part 5
BUSINESS March 19, 2015 | 1:28 PM
- Luxury brands have higher ratings than mainstream brands
- Recalls visits increased to 16%
- Study ranks satisfaction for service work
General Motor’s Buick and Jaguar top the 2015 J.D. Power Customer Service Index study of dealer service satisfaction.
Buick has ranked near the top for the past several years, while Jaguar is returns the top spot. It ranked sixth in 2014.Read more »
BUSINESS March 18, 2015 | 12:40 PM
- The most expensive car to insure is the Nissan GT-R
- Least expensive is the Jeep Wrangler Sport 4WD
- Insurance rates vary widely from state to state
Insurance comparison website Insure.com has released its annual list of the most and least expensive vehicles to insure in the U.S.
Not surprisingly, sports cars top the expensive list. The likelihood of a serious accident in a sports car is higher than in other vehicles.Read more »
BUSINESS March 17, 2015 | 12:06 PM
- Demand is outpacing production
- Vehicle being marketed as most powerful sports car
- Interest continues despite recall
FCA US, the parent company of Dodge, has temporarily stopped orders of the Challenger and Charger Hellcats as demand is outpacing production.
Orders began being received in September 2014 with deliveries beginning in November. During the first five days, 4,500 orders were received.Read more »
BUSINESS March 16, 2015 | 1:18 PM
- Update intended to increase mileage, ease owner anxiety
- Update electronic through vehicle’s system
- Mixed reports on Model S’s demand
Tesla Motors Inc. has scheduled a press conference for this week where the company plans to announce a software upgrade to the Tesla Model S that will dramatically increase mileage.
The announcement was made via tweet by Tesla CEO Elon Musk.Read more »
BUSINESS March 12, 2015 | 12:31 PM
- As many as 7 million vehicles have yet to be repaired
- Ads will appear in 110 markets
- Lawsuits pending against Honda and airbag manufacturer
Honda Motor Co. is launching an ad campaign this month to urge Honda and Acura owners under the airbag recall to take their vehicles in for the repairs. The goal is to save lives.
The company estimates only 1.1 million, 14%, of the 8 million vehicles recalled in the U.S. have been repaired. Of those 8 million, 6.2 million are Hondas or Acuras, and 17,809 owners could not be located.Read more »
BUSINESS March 11, 2015 | 12:43 PM
- Number of license plates issued annually limited
- Chinese manufacturers will be most affected
- In the U.S., low interest rates are boosting sales
In December, Shenzhen became the latest Chinese city to limit the number of new license plates it will issue annually. The move comes as Chinese are becoming increasingly concerned about traffic issues and air pollution.
Shenzhen limited the number to 100,000. Last year, 500,000 new cars were sold in the city.Read more »
BUSINESS March 10, 2015 | 11:05 AM
- Engine can shut down unexpectantly
- Issue similar to problem faced by General Motors
- FCA also recalling 500,000 vehicles for fuel-pump problems
FCA US LLC, a division of Fiat Chrysler Automobiles NV, has recalled 702,578 minivans and SUVs because of ignition-switch problems, according to documents filled with the National Highway Traffic Safety Administration.
The problem causes the ignition to move, shutting off the engine and disabling power steering and brakes and the airbags. There have been 12 complaints.Read more »
BUSINESS March 9, 2015 | 1:13 PM
- Factory to manufacturer Sprinter vans
- Market for vans growing 27%
- Daimler expanding into North American to meet regional demand
Daimler AG has announced plans to build a $500 million assembly plant outside Charleston, South Carolina.
The plant will assemble Mercedes-Benz Sprinter vans.Read more »
BUSINESS March 5, 2015 | 11:51 AM
- Accident reduction would save $190 billion
- Autonomous vehicles would change insurance, repair industries
- Drivers would spent free time on Internet
Automobile accidents in the United States would drop 90% with self-driving vehicles, according to a study by consulting firm McKinsey & Co. on how autonomous vehicles will reshape our world. The reduction in accidents would, in turn, save lives and save $190 billion in healthcare costs and vehicles repairs.
Autonomous vehicles are the largest trend in the auto industry, the report found.Read more »
BUSINESS March 4, 2015 | 1:23 PM
- Truck for demonstration purposes only
- Vehicle symbolic of customers’ love of the Ford truck series
- Changes coming to the 2016 F-650 and F-750 trucks
Ford Motor Co. has collaborated with Funrise Toy Corporationto produce a life-sized, working version of the Tonka toy dump truck.
The F-750 dump truck has a 6.7-liter diesel V-8 engine and can haul up to 17,000 pounds.Read more »