Business News - part 9
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 »
BUSINESS March 3, 2015 | 12:16 PM
- Sales higher than 2014 but lower than estimates
- Ford sees decrease 2%
- Weather, loans contributed to sales figures
February auto sales were 6% higher than 2014,but still fell below analysts’ forecasts of 9%-10%. Once all automakers have reported, sales may have increased as high as 8% with 1.29 million vehicles sold.
“It’s hard to believe weather wasn’t a factor,” Michelle Krebs, senior analyst at AutoTrader.com, told Bloomberg Business. “The Northeast is a huge small-utility market, so that had to have some impact. I’m not worried that they’re off a couple of percentage points. They’ll probably make it up in March and April.”Read more »
BUSINESS March 2, 2015 | 11:35 AM
- Drivers will be able to control home appliances from their vehicles
- Market expected to increase
- AT&T hoping to diversify beyond telephones
AT&T Inc., the second-largest wireless carrier in the U.S., is integrating Digital Life, its home security and automation service, with its Drive connected car platform.
Users will be able to control Digital Life from their dashboard using either a control panel or voice commands.Read more »
BUSINESS February 26, 2015 | 12:56 PM
- Vehicles have defect in automatic transmission
- Issue not the first to plague Fiat transmissions
- Chrysler involved in lawsuit over steering in Dodge Ram
Fiat Chrysler has issued a recall for the 2015 Chrysler 200 with V-6 engines because of a manufacturer’s defect. The recall affects nearly 26,000 cars sold in North America.
A problem with the nine-speed automatic transmission causes the transmission to be unable to shift to park, and the car could roll away unexpectedly. A defect causes sensors to indicate the car is in park when it is not.Read more »
BUSINESS February 25, 2015 | 11:02 AM
- Buick first American brand to break into top 10
- Tesla takes top model for second year
- J.D. Power study tracked customer complaints
Lexus took the top spot in Consumer Reports’ annual auto issue and J.D. Power’s 2015 Vehicle Dependability study.
General Motor’s Buick became the first U.S.-based brand to rank in the top 10 brands, placing seventh.Read more »