NHTSA May Require Limited-Production Automakers to Comply with Air Bag Safety Standards

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.

Posted in In the News

IRS Paid Over $151 Million in Fraudulent Qualified Motor Vehicle Deductions in 2009

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.

Posted in In the News

U.S. Consumers Taking Higher Fuel Prices in Stride – Buying Less Fuel Efficient New Vehicles

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.

Posted in In the News

GM, Ford Closing Plants Despite Rise in Demand and Profits

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.

Posted in In the News

Ford Motor Company Investing in Mobile Health Monitoring Technology

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.

Posted in In the News

Biden Hails Chrysler’s Loan Repayment as Sign of Broader Recovery

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.”

Posted in In the News

Labor Strike Causes Production Stoppage for Hyundai-Kia, Concerns for GM, Renault

A labor strike has brought production to a halt for Kia Motor Company and its affiliate Hyundai Motor Company. On Sunday, the automakers announced that labor disputes at a supplier’s facilities had led to parts shortages for some SUV models.

Posted in In the News

GM Offering Tire Inflator Kits Instead of Spare Tires on Some Models

In order to meet consumer demand for more fuel-efficient vehicles General Motors Company has replaced the spare tires in some of its models with electric tire inflator kits.

Posted in In the News

Nissan Expected to Pay $1.6 Million for Marketing Error

Nissan Motor Company is sending apology letters and checks to about 4,000 U.S. consumers who recently purchased its all-wheel-drive Juke crossover.

Posted in In the News

U.S. Treasury Could Sell Remaining Stake in GM as Early as August

The U.S. Treasury is expected to sell a large percentage of stock in General Motors after the lock-up period expires on May 22. The lockup period has prohibited major shareholders from selling their shares since the launch of the automaker’s $23.1 billion IPO six months ago. The Treasury currently holds a 32 percent stake in GM.

Posted in In the News

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