With the collapse of the deal between Spyker Cars NV and China’s Hawtai Motor two weeks ago, some in the auto industry are predicting the imminent demise of Saab.
U.S. production of the Nissan Leaf all-electric vehicle may be postponed due to the devastating March 11 Japan earthquake and tsunami according to company officials.
Commercial truck dealers who claim they were overcharged by Ford Motor Company have been awarded a $2 billion judgment by an Ohio state court.
According to a new study by the Center for Automotive Research, raising the average corporate fuel economy to 62 mpg, however, would push new vehicle prices to a level that would not be offset by fuel savings over five years.
It may seem counter-intuitive that some limited-production automakers including Ferrari SpA, Lamborghini SpA and Tesla Motors Incorporated could qualify for a financial-hardship exemption of any kind, but that is what has allowed these and some other automakers to equip their vehicles with air bags that fail to meet current federal safety standards for the past five years.
According to a new report by the Treasury Inspector General for Tax Administration, under-age minors, deceased people and incarcerated prisoners received tax breaks through the 2009 qualified motor vehicle (QMV) deduction program.
With fuel prices remaining around the $4 per gallon mark in the U.S., consumers are returning to larger, less fuel efficient new cars and trucks.
Despite their impressive earning reports, Ford Motor Company and General Motors Company may seek to close as many as six auto assembly plants in order to further boost their profits. The closures would be a blow to the United Auto Workers union which has seen its membership fall dramatically in recent years.
With around 10,000 baby boomers turning 65 every day and an estimated 26 million Americans suffering from diabetes, automakers are looking to medical monitoring to drive sales.
Vice President Joe Biden hailed Chrysler Group LLC’s repayment of federal loans during the administration’s weekly radio and internet address. “Because of what we did,” said Biden, “the auto industry is rising again. Manufacturing is coming back. And our economy is recovering, and it’s gaining traction.”