New Study Stresses Need for More Government Aid to Support Electric Vehicle Sector

According to a new study by Indiana University, the U.S. lags behind Asia in the development of electric vehicles. The year-long study, headed by retired Ford Motor Company executive Gurminder Bedi, also asserts that it is unlikely that the Obama Administration will realize its goal of placing 1 million electric vehicles on American roads by 2015.

Posted in In the News

Honda Raises Profit Outlook as U.S. Recovery Heats Up

Japan’s No. 3 automaker, Honda Motor Company, has raised its annual profit outlook thanks to a recovery in the U.S. market which helped offset decreased sales in Japan and the strengthening yen.

Posted in In the News

Toyota Praises Obama Administration’s 2017-2025 Fuel Economy Proposal

In contrast with the leading automotive trade group, the Alliance of Automobile Manufacturers, Toyota Motor Corporation has expressed support for the Obama administration’s proposal to significantly raise fleet-wide fuel-economy standard of 47 mpg by 2017.

Posted in In the News

Fiat Positioning Itself for Majority Ownership Stake in Chrysler

On Thursday, Fiat S.p.A. CEO Sergio Marchionne announced that the Italian automaker has enough cash on hand to increase its stake in Chrysler Group to a controlling 51 percent.

Posted in In the News

Lawmakers Seek to Increase the Number of Electric Vehicles Eligible for Federal Tax Credit

On Wednesday, U.S. Representative Sander Levin (D-MI) proposed legislation in the House of Representatives that would raise the number of alternative fuel vehicles eligible for the $7,500 federal tax credit from the current 200,000 per manufacture to 500,000 per manufacturer.

Posted in In the News

Despite Recall Woes, Toyota Retained Global Sales Dominance in 2010

Despite recall woes and a decline in U.S. sales, Toyota Motor Corporation retained the title of world’s largest automaker in 2010, thanks to increased global demand.

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Fiat 500 to Begin Arriving in U.S. Showrooms Next Month

Following Fiat’s 25-year absence from the North American market, the launch of its 500 small car has been anything but smooth. The company now says that the 500 may begin arriving at U.S. dealerships next month but that the initial wave will not be available with an automatic transmission.

Posted in In the News

Chicago Taxi Company Tests Natural Gas-Powered Ford Transits

In March, a fleet of natural gas-powered Transit Connect taxis will begin appearing on the streets of Chicago.

Posted in In the News

IIHS Links Crash Test Data to Fatalities

According to a new report by the Insurance Institute for Highway Safety (IIHS), drivers of vehicles that performed poorly in side-impact crash tests performed by the National Highway Traffic Safety Administration are more likely to die in accidents than drivers of higher-rated models.

Posted in In the News

Fiat-Chrysler to Build Jeeps in Italy for Sale in U.S.

Workers at Fiat S.p.A.’s Mirafiori production facility in Turin, Italy have voted in favor of a new contract that will allow it to build Jeep models that will be sold in the North American market alongside Alfa Romeos.

Posted in In the News

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