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Business News - part 7

Study: Buick, Jaguar Top Dealership Rankings

Study:  Buick, Jaguar Top Dealership Rankings

BUSINESS

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.

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List of Most, Least Expensive Cars to Insure Released

List of Most, Least Expensive Cars to Insure Released

BUSINESS

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.

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FCA Temporarily Stops Orders of Dodge Hellcat

FCA Temporarily Stops Orders of Dodge Hellcat

BUSINESS

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.

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Tesla Model S Upgrade to Add Charge to Battery

Tesla Model S Upgrade to Add Charge to Battery

BUSINESS

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.

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Honda Running Ad Campaign to Get Owners to Replace Recalled Airbags

Honda Running Ad Campaign to Get Owners to Replace Recalled Airbags

BUSINESS

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.

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Chinese Cities Place Restrictions on Auto Growth

Chinese Cities Place Restrictions on Auto Growth

BUSINESS

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.

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FCA Recalls 702,000 Vehicles for Ignition-Switch Malfunction

FCA Recalls 702,000 Vehicles for Ignition-Switch Malfunction

BUSINESS

  • 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.

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Daimler to Spend $500 Million on South Carolina Assembly Plant

Daimler to Spend $500 Million on South Carolina Assembly Plant

BUSINESS

Daimler AG has announced plans to build a $500 million assembly plant outside Charleston, South Carolina.

The plant will assemble Mercedes-Benz Sprinter vans.

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Study: Self-Driving Cars Would Reduce Accidents 90%

Study: Self-Driving Cars Would Reduce Accidents 90%

BUSINESS

  • 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.

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Ford Creates Life-Sized Version of Tonka Dump Truck

Ford Creates Life-Sized Version of Tonka Dump Truck

BUSINESS

  • 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.

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