New Vehicle Sales Remained Strong in March, Despite Turmoil Overseas

Last month’s devastating earthquake and tsunami in Japan combined with continued unrest in the Middle East and higher oil prices had most analysts predicting a downturn in light vehicle sales, but U.S. consumers appeared to be unfazed as sales rose 17 percent compared with March of 2010.

Posted in In the News

Saab in Negotiations with Suppliers over Payment Disputes

On Wednesday, Spyker Cars N.V. announced that finances for its Saab division are “sufficient”. The announcement followed a brief production shutdown as Saab negotiated payment schedules with suppliers and last week’s sudden and unexpected retirement of the company’s long-time CEO, Jan Ake Jonsson.

Posted in In the News

Hyundai to Eliminate Job-Loss Protection from Popular Assurance Program

Hyundai Motor Company has announced that it will eliminate the job-loss protection provision from the Hyundai Assurance program. The job-loss provision assures buyers that they can return their new vehicle purchases and be released from their purchase contract if they become unemployed.

Posted in In the News

Production Still Down as Japanese Automakers Struggle to Recover

According to one industry official, vehicle sales in the eastern part of Japan may have plummeted as much as 40% in the wake of the March 11 earthquake and tsunami.

Posted in In the News

Ford Going to Great Lengths to Ensure Flawless Launch of 2012 Focus

In an effort to ensure that its launch of the redesigned 2012 Focus goes off without a hitch, Ford Motor Company has been road testing every unit before delivering them to dealers. The thirty-mile test drives are being conducted near Ford’s Michigan Assembly plant in Wayne, Michigan.

Posted in In the News

Battle Brewing Over New Fuel Economy, Pollution Standards

According to an official with the Obama administration, the White House is continuing to talk with environmental groups and the state of California about 2017-2025 pollution and fuel-economy standards even as the House works to stop the Environmental Protection Agency from imposing new tailpipe emissions regulations.

Posted in In the News

Japan Earthquake Impacting U.S. Auto Production and Deliveries

Fearing that last week’s earthquake and tsunami will lead to a shortage of parts, Japanese automakers have scaled back production in North America.

Posted in In the News

Japanese Automakers Assessing Damage from Massive Earthquake and Tsunami

The massive 8.9 magnitude earthquake and tsunami that struck Japan at 2:46 p.m. local time has brought a halt to virtually all auto production in the country. Honda Motor Company, Nissan Motor Company and Toyota Motor Corporation have all ceased production as they assess the damage caused by the temblor.

Posted in In the News

Hyundai Delays Launch of Sonata Hybrid to Tweak “Virtual Engine Sound System”

Hyundai Motor Company is delaying delivery of it new Sonata Hybrid sedan in the U.S. until at least the end of this month while it tweaks the electronic device that mimics the sound of a conventional gasoline engine.

Posted in In the News

New Vehicle Sales Remain Strong Despite Rising Fuel Prices

With the recent turmoil in the Middle East driving oil prices higher, some have speculated that new vehicle sales could take a nose-dive. In 2008, new vehicle sales fell when gas prices reached $3.50 per gallon.

Posted in In the News

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