Automotive Industry
News covering the Automotive Industry at large.
503 articles in this category
-
Yesterday, Consumer Reports announced the results of their annual reliability survey for 2015. Not surprisingly, the top ten was mostly made up of Japanese and Korean automakers, with Lexus and Toyota taking the top two spots. However, Audi led the Europeans by taking the third spot. For the domestics, Buick landed at number seven on the list. The survey reports that a number of automakers are still having troubles with the infotainment system, but also with transmissions. “We’ve see
-
Despite countless studies and reports that say Gen Y (AKA millienals) aren't interested in cars, a new study released this week says this key group are interested in cars. Deloitte LLP, a financial consulting firm published their Global Automotive Consumer Study which showed that Gen Y is very much interested in getting their own vehicle, despite not having the same love affair as their parents and grandparents. "Well over half (61 percent) of Gen Y consumers in the Deloitte report expect to b
- Gen Y
- Generation Y
- Millennials
- Cars
-
Tagged with:
-
While Americans are keeping their cars longer (Experian Automotive says the average ownership length is now 7.75 years), there are some models that owners can't wait to get rid off within a year of buying. iSeeCars.com recently compared new car sales against used-car purchases in 2014 to figure out which vehicles were traded-in the fastest. Their analysis showed that on average, around 2.7 percent of all new vehicles are traded in after only a year’s ownership. More surprising was the vehicles
-
Securing American global EV manufacturing leadership, dramatically improving public health and significantly reducing carbon pollution is some of the key goals that ZETA or Zero Emission Transportation Association was formed for. This industry association is focused on creating hundreds of thousands of new jobs. In quoting their www.zeta2030.org web site they state the 3 core points. Job Creation - Enacting ambitious, but realistic policies to accelerate transportation electr
-
William Maley Editor/Reporter - CheersandGears.com May 15, 2012 Its been working its way through the halls of congress, but according to Car and Driver, the "black box" mandate for cars could be in the books. The Senate has already voted to adopt a transportation bill that has a provision mandating event data recorders to be equipped into new vehicles starting in 2015. The House of Representatives is considering a version with slightly different language. The current state of the bills are "
-
William Maley Staff Writer - CheersandGears.com June 21, 2012 The EPA gave its ratings for the Tesla Model S are they are very good. The EPA rates the new Model S at 88 MPGe (miles per gallon equivalent) in the City, 90 MPGe on the Highway, and 89 MPGe combined. Range is estimated to be 265 Miles, a 12% decrease from Tesla’s original estimate. (Note, these EPA ratings are for the the top of the line Model S. We’ll learn what the ratings for the other Model Ss in time.) So where does the M
-
The U.S. Postal Service are looking for new delivery trucks to replace the current fleet - some which are around 20 years old. The Detroit News reports that there are 15 companies that range from military, mass-transit, specialized transportation, and two automakers. Those two automakers are Fiat Chrysler Automobiles and Ford. Now building a vehicle for the U.S. Postal Service isn't as easy as you might think. Here the requirements the vehicle must meet: Last at least 20 years Carry a mini
- Mail Trucks
- USPS
- Ford
- FCA
-
Tagged with:
-
Previously, the market for vans was stagnate. Old models paired with poor optimism in the business world made vans appealing as cold liver and onions. But Bloomberg reports that vans are making a comeback. Data from Edmunds shows that van sales by unit have more than double in the past five years, outpacing the pace set by the auto industry overall. More surprising is that in the first quarter, sales of vans climbed another third. If this growth trend continues, its expected that 475,000 vans w
-
Not content with a trade war just with China, Donald Trump has opened a second front in what is slowly turning into a trade world war. Yesterday evening, Trump announced that beginning June 10th a 5% tariff would be slapped on all Mexican products coming into the country. That tariff would increase to 10% by July 1st and then go to its 25% maximum in October. For automakers with razor thin margins, there is absolute certainty that the American consumer will end up paying these tariffs.
-
Ask Peter Welch, the CEO of the National Automobile Dealers Association (NADA) what worries him the most, he'll admit that it is average consumers getting priced out of new cars. He admitted this yesterday at the Automotive News World Congress in Detroit. Welch said that the latest figures he has seen - through October of last year - reveal the average retail price of a new car climbing to a new high of $35,366. The average monthly payment is hovering at $538, and interest rates have climbe
-
G.Noble Editor/Reporter CheersandGears.com March 10, 2012 Life hasn’t exactly been easy for the Chevrolet Volt. Although it was just recently named 2012 European Car of the Year in Opel Ampera guise, GM announced previous to the awarding they were suspending production for little over a month because of slow sales and dealers rejecting further allotments. On top of that, the Volt has had some image issues stemming from the NHTSA’s disclosure late last year about how an example they t-boned c
-
January 2, 2013 By Drew Dowdell Managing Editor - CheersandGears.com Avis Budget Group and Zipcar, Inc. have announced an agreement where Avis Budget will aquire Zipcar for $12.25 a share or about $500 million total. Zipcar has about 760,000 members (including yours truly) across 20 metro markets in the U.S., Canada and Europe with locations at over 300 university campuses. Car sharing is now a $400 million per year business in the U.S. market alone. Avis Budget expects to gain $50 million t
-
The automotive industry in the U.S. has been enjoying one of the best years in terms of sales. But one segment is seeing a drop in their sales. That segment is the midsize sedan. Automotive News reports that the demand for midsize sedans is at a five-year low. The numbers tell this sad story. In the first quarter of 2016, sales of midsize sedans dropped 3.4 percent. The second quarter saw sales dropped 13 percent, while the third quarter saw a whopping 21 percent drop. For the month August,
-
The tariffs that Trump had threatened to impose on Mexico starting June 10th will not be going on to effect. Trump tweeted out that Mexico had made concessions to deploy their newly formed Nation Guard to their own southern border and that it only took two days for Mexico to bend to Trump's demands. This is false. The truth, according to a report in the New York Times is that Mexico had already agreed to do that back in March 2019 during secret talks between the (at the time) Director of
- Editor-in-Chief
-
William Maley Staff Writer - CheersandGears.com October 28, 2013 California and seven other states have signed a new pact that hopes to increase the number of zero emission vehicles on their roads to 3.3 million by the year 2025. Joining California in this pact are Connecticut, Maryland, Massachusetts, New York, Rhode Island, Oregon, and Vermont. The seven states have already adopted a rule like California where by 2025, 15 percent of vehicles sold must produce zero emissions. To help get to
-
William Maley Editor/Reporter - CheersandGears.com January 16, 2012 A few years ago, a man by the name Scott Devin decided to build an American supercar to compete with the world’s best. So he called on a Swedish designer, Daniel Paulin to design his car. Now, being a new start-up car company, Devon couldn’t develop his own platform or an engine due to not having enough money. So, he went the donor car route for his new car and picked the Dodge Viper. Now, before you start thinking all Devo
-
William Maley Staff Writer - CheersandGears.com August 14, 2012 Almost two months ago, the vehicle line director for the Chevy Volt, Tony Posawatz announced his retirement. Posawatz worked at GM for more than 30 years at GM. Posawatz was one of the key people overseeing the Volt. Few people at the time expected him to jump back into the industry. Fast forward to today and Tony Posawatz is now the new CEO of Fisker Automotive. He takes over from current CEO, Tom Lasorda who only became Fisker
-
William Maley Editor/Reporter - CheersandGears.com May 31, 2012 Despite the fullsize car getting a kick in the pants with vehicles like the Chevrolet Impala, Toyota Avalon, and Ford Taurus, the fullsize car is becoming an endangered species. R.L. Polk & Co reports that the fullsize sedan market has seen its relevance halved. Fullsize sedans have seen their market share drop from slightly above 5% of all vehicles sold in 2006 to just 2.3% in the first three months of this year. Also, the
-
G. Noble Editor/Reporter CheersandGears.com Friday, 10th February, 2012 If you're waiting for the sting of high gas prices to go away soon, you may be in for one hell of a long wait. Gas prices are back at a national average of $3.48 a gallon -- a whole 36 cents more than the average during February of last year -- and are set to climb an entire 60 cents or more by May. Tom Kloza of the Oil Price Information service expects prices to top out at $4.05 a gallon, although some markets could se
-
Alpha Motor Corporation or AMC released for reservation the WOLF pickup truck March 11th 2021. The WOLF has the following projected specifications: MSRP $36,000 to $46,000 depending on configuration (does not include $7,500 federal EV tax credit) Battery range of 250 to 275 plus miles with rapid charging, battery heating/cooling for optimum performance Single motor FWD or Dual motor AWD 0 to 60 mph of 6.2 seconds acceleration 1360kg or 3000lbs towin
-
William Maley Editor/Reporter - CheersandGears.com December 15, 2011 Yesterday, the Senate Commerce Committee approved a bill that would overhaul the nation's auto safety laws. The bill includes measures to raise the maximum fine for automakers that delay recalls from $17.35 million to $250 milllion. The bill also includes measures that would give states grants for banning texting while driving or the use of cell phones by teen drivers, increase funding for research, improve the vehicle reca
-
Kelly Blue Book has listed the ten vehicles that deprecate at alarming rate and top three happen to be electric vehicles. The Nissan Leaf according to KBB is projected to only retain 18 percent of its new-car price after five years. Behind the Leaf is the Fiat 500e which is expected to retain 21 percent and the Smart ForTwo EV which is expected to retain 21.5 percent. Few key items to keep in mind: Fiat 500e is only available to lease in California A number of automakers, like Nissan have
-
William Maley Editor/Reporter - CheersandGears.com January 17, 2012 If you’re one of people who wants an electric car, but have the fear of not having enough power to make it through your daily drive, you might want to hear this story. A new study released by Columbia University says that 95% of daily trips could be made with an electric vehicles. The study done by two doctoral students used data from the Department of Transport’s 2009 National Household Travel Survey. The data showed 95% of
-
William Maley Staff Writer - CheersandGears.com August 16, 2012 Fisker is looking to raise another $150 million to help keep the company afloat. "We need money on our balance sheet" to fund operating expenses. "And we need money to fund the development of the next car," said Ray Lane, a Fisker director and a managing partner at venture firm Kleiner Perkins Caufield & Byers to Reuters."We're raising some of that money now, and some later." The reason for the extra $150 million? Earlier
-
William Maley Editor/Reporter - CheersandGears.com February 10, 2012 Earlier this week, Fisker announced they had temporarily halted work on Nina family sedan at the Fisker Automotive plant in Wilmington, Del. The temporary halt is due to Fisker and the federal government hashing out new terms of the company’s $529 million Department of Energy loan. The halt has caused Fisker to layoff 26 people at its Delaware plant and a number of contract engineers at Fisker's Anaheim, Calif., headquarters
-
February 14th, 2012 - Drew Dowdell - CheersandGears.com Michiganers will soon be able to get around a little faster without risking a speeding ticket. The US Department of Transportation has approved Amtrak to run 80 miles of the 97 mile section between Kalamazoo, MI and Porter, IN at 110mph, the first such service outside of Amtrak's North East Corridor. This move comes after the successful implementation of Incremental Train Control System (ITCS) along this section of the route. The two route
-
The past ten years has seen a number of automakers either being folded up or taken into other automakers. But an analyst believes there is more consolidation for the automotive marketplace. Morgan Stanley auto analyst Adam Jonas said in a research note earlier this month says in the future there will only be five to six automakers in the world. This comes down to such factors as economics and technologies. “We believe the radically changing landscape of autos requires a commensurate change of
-
Magna's eBeam technology announcement today aims to reduce the cost of building a new EV or electrical vehicles platform. The costs associated with a new platform to move to electrification from a traditional ICE is slowing down the ability to get product to market. Magna's eBeam technology is focusing on allowing to keep the existing pickup trucks capabilities while transitioning to electrification. This is the first significant solid beam rear axle change in more than 100 years acco
-
A record number of consumers are finding themselves 'underwater' when it comes time to trade-in their vehicle - the vehicle is worth less than what they owe on their loan. The Detroit Free Press cites a study done by Edmunds revealing that in the second quarter of this year, 32 percent or nearly one-third of vehicles being traded in fall into the 'underwater' category. This isn't good news for consumers since the difference is tacked on to the new vehicle they had their eye on. To put
-
William Maley Staff Writer - CheersandGears.com August 7, 2013 Yesterday at at the Center for Automotive Research’s Management Briefing Seminars, General Motors' Chief Economist Mustafa Mohatarem told attendees that the reason young people aren't buying cars because they're not interested. It's more to do with economic reasons. Mohatarem downplayed the reason that young kids are more interested in the internet and what's the latest hot thing in tech, and pushed the rising costs of cars, repa
-
William Maley Staff Writer - CheersandGears.com November 5, 2012 We knew the day was coming, just when was the question. Now, that day has arrived. Earlier tonight, American Suzuki Motor Corporation has announced they would be filling for Chapter 11 bankruptcy and close up their automotive division. "In evaluating its position in the highly regulated and competitive U.S. automotive industry, ASMC determined that its Automotive division was facing a number of serious challenges. These challen
-
The rivalry of the Chevrolet Camaro and Ford Mustang has been going for ages in the U.S. But now this fight has expanded into China. Automotive News reports that a growing group of Chinese buyers are being drawn towards to these models as the exude the no-apologies Americana attitude. "We're seeing the beginning of a muscle car culture here. Something that is uniquely American appeals to the Chinese consumer. The image that it relays to the automotive public is very positive," said Jam
-
Transportation Secretary Anthony Foxx wants to increase the maximum fine for automakers who fail to recall vehicles in a timely fashion from the current $35 million fine to a much more painful $300 million fine. The increase is part of a new transportation reauthorization bill whose primary focus is to fund maintenance for highways, bridges, and other infrastructures. On a conference call with reporters, Foxx said the fines on automakers need to be “more than a rounding error” to act as a deter
-
Helped by a plethora of CUVs, the hottest selling segment, and the on fire 4-series, BMW managed to stave off Lexus, its German rivals, and Cadillac for the fourth year in a row. BMW(+1.4%) finished 2015 with 346,023 sales. Lexus (+10.7), not far behind with 344,601 sales came in at number two, just 1,422 fewer. The 4-series, which despite BMW being propelled in terms of growth mostly by CUVs, was the lone stalwart car nameplate to actually show gains. Although the 1/2-series were up 77%, it
-
The Wall Street Journal is reporting that Apple is going forward on building their own vehicle. According to sources, the company recently gave the approval for the project after spending a year investigating the feasibility of it. Codenamed 'Titan', the team behind the vehicle will grow from 600 to around 1,800 people. Not much is known about the vehicle except for that it will be electric and feature some sort of autonomous technologies. A fully autonomous vehicle isn't expected till later
- Apple
- Driverless Car
- Rumor
- Rumorpile
-
Tagged with:
-
Volvo's owner, Geely is planning to enter Europe and U.S. in the coming years. Reuters reports that Geely will building a new crossover based on the Compact Modular Architecture - a platform that Geely and Volvo have been working together. Along with new engine technology, this car will launch in China in 2017. The crossover will then head into several Europe markets a year later, followed by the U.S. in due time. "With the CMA car, Li wants to tell the world we're ready for the big time. We'r
-
William Maley Editor/Reporter - CheersandGears.com February 6, 2012 Do you want a billion dollars? Well, all you need to do is build 60,000 cars that get 100 MPG and the U.S. government will send a check your way if a new bill is passed. Representative Dan Lungren ® of California's 3rd Congressional District has introduced a bill into Congress called the Excellence in Energy Efficiency Act of 2012. If the bill is passed, the legislation would have the Secretary of Energy "establish a program
-
In a move that was expected to happen soon, the EPA announced that it plans to revise the fuel-efficiency regulations that were approved during the President Obama administration. “The Obama EPA’s determination was wrong. Obama’s EPA cut the midterm evaluation process short with politically charged expediency, made assumptions about the standards that didn’t comport with reality and set the standards too high,” said EPA chief Scott Pruitt in a statement today. The statement goes on t
-
William Maley Staff Writer - CheersandGears.com December 10, 2012 NHTSA is expected to finalize a long-awaited proposal to make event data recorders, the 'black box' standard on all new vehicles. Last Thursday, the White House Office of Management Budget completed a review of the proposal which has cleared the way for NHTSA to finish up the final regulation. The proposed regulation would raise the percentage of vehicles required to have a black box from 91.6% today to 100%. The incremental
-
Yesterday, the National Transportation Safety Board recommended a nationwide ban on using any personal electronic devices while driving. The recommendation was made to all US states. So what kind of personal electronic devices are we talking about? The NTSB’s director was specific about wanting to ban phone calls, texting, updating your status on facebook, etc. However, the director was less specific on possible provisions that would allow specific driving related uses like GPS. NTSB cited stu
-
By William Maley Staff Writer - CheersandGears.com January 17, 2013 Former General Motors Vice Chairman Bob Lutz has been know to speak his mind. At the Detroit Auto Show this week, Lutz told Autocar that he thinks that the technology in the Chevrolet Volt should have been put into a larger vehicle first. “Frankly, unless that customer is philosophically, religiously or economically affiliated to buying an electric vehicle, then they can’t be convinced. The first two types of buyer will buy
-
It has not been an easy go for the organizers of the Detroit Auto Show. Last year, they had to cancel the revamped show due to concerns about the growing COVID-19 pandemic. The hope was to launch the indoor-outdoor event that would sprawl various parts of Detroit for 2021. But with COVID-19 still a major issue, organizers this afternoon announced the 2021 version would be canceled. Automotive News reports that a new, outdoor program called Motor Bella will take its place from September 21st
-
William Maley Staff Writer - CheersandGears.com October 1, 2012 Automotive News is reporting that Ford and General Motors have signed a memorandum of understanding to jointly develop next-generation nine and ten-speed automatic transmissions. Sources say that General Motors will take the lead on developing the nine-speed transmission for front-wheel drive and transverse applications. Ford will take on the ten-speed for rear-wheel drive applications. This isn't the first time that Ford and G
-
Hatchbacks have never sold well in the U.S., but that could be changing thanks to new entrants and hotted-up models. According to a forecast done by IHS Markit, sales of hatchbacks are projected climb 19 percent this year. By 2020, the firm projects sales of 567,000 hatchbacks. What has changed? Some of this comes down to hatchbacks finding a niche market. Michelle Malcho, spokeswoman for Chevy cars and crossovers tells The Detroit News that active, urban buyers who are wanting a bit more f
-
William Maley Staff Writer - CheersandGears.com November 5, 2012 Tesla announced their third quarter results today and it was a mixed bag. The company announced a $110.8 million loss, a figure that's significantly higher than last year's $65.1 million loss. Tesla partly blames the loss on a slower-than-expected roll-out for the Model S, which went into production in July. Tesla says they have increased production of the Model S from 100 vehicles per week to 200. The company expects to be buil
-
Last October, we reported that PSA/Peugeot-Citroën was considering a return to the U.S. “We want to make DS a global premium brand, and you cannot be global without the U.S.,” said DS CEO Yves Bonnefont. Now a final decision as to whether or not the DS brand would come to the U.S. isn't expected till 2017 at the earliest. But Car and Driver reports that Citroën is leaning towards yes. Speaking with sources at the french automaker, Car and Driver reports that a move into the U.S. mark
-
California is considering joining France and Great Britain in banning the sale of gas and diesel-powered vehicles. Governor Jerry Brown has been expressing an interest in banning the sale of internal-combustion engines according to Mary Nichols, chariman of the California Air Resources Board. “I’ve gotten messages from the governor asking, ‘Why haven’t we done something already?’ The governor has certainly indicated an interest in why China can do this and not California,” she said to
-
With the average price of new cars on the rise, the price of used cars follows suit. A new study done by Edmunds finds the average price of a used car has hit a new record high in the second quarter. The average price of a used car has climbed to $18,800, up 7.6 percent when compared to the same time last year. "People are buying more trucks and SUVs, and they're getting them better equipped. More expensive new vehicles means more expensive used vehicles," said Jessica Caldwell, analyst at E
-
William Maley Staff Writer - CheersandGears.com June 28, 2012 The average age of a vehicle in the U.S. has hit a record high. According to Experian Automotive, the average age of the 245 million vehicles registered in the U.S. during the first quarter of 2012 was 11 years. That's an increase of just over 2 months when compared to last year. Experian Automotive goes onto say that more than 52 million cars and trucks in the U.S. are 16 years or older. Experian Automotive's analysis also found
-
William Maley Editor/Reporter - CheersandGears.com April 29, 2012 This past week at the SAE World Congress in Detroit, Google says that self-driving cars can be on U.S. roads within the next few years. We don't know what it's going to take to show its safer than a driver. It's much sooner than the next decade," said Google project manager Anthony Levandowski. Levandowski revealed that Google is in talks with auto makers and suppliers about working with them on the technology. "All options
-
If you're currently running with an older GPS system, either built into your car or via an external device, you may need to check if a firmware update is available. Tonight at midnight, the UTC clock used by the satellite navigation system will roll over to 0000000000. That number is a 10-bit "week number" that counts the number of weeks since August 21, 1999, the date of the current GPS "epoch". Most newer GPS devices will know about the coming rollover and will just continue working,
-
William Maley Editor/Reporter - CheersandGears.com May 1, 2012 From the Twilight Zone file: USA Today reports that 6.5% of new vehicles sold in the first quarter were equipped with a manual transmission, which is more than double of vehicles sold with them in 2007. It's also the highest amount since 2006 when 7.2% vehicles were sold with manual transmission. The take rate is more impressive when you take into account that 19% of the 2,360 different models on sale offer a manual. The increas
-
In a not surprising move, President Donald Trump announced today that his administration will reopen a review into the 2025 fuel economy standards set by the EPA before the end of President Barack Obama's term. “We’re going to work on the CAFE standards so you can make cars in America again. There is no more beautiful sight than an American-made car,” said Trump at an event in the former Willow Run bomber factory in Ypsilanti, Michigan - soon to become a testing ground for autonomous vehic
-
William Maley Staff Writer - CheersandGears.com September 26, 2012 The calm before the storm that is the auto show season. The beginning point is the Paris Motor Show which begins tomorrow. However, some automaker have made the decision to reveal some of their products and concepts a day earlier. The automakers include Jaguar, Bentley, and Porsche. Lets dive in Next: Jaguar Jaguar's showing for Paris was the new F-Type. Rumored for many years, Jaguar has finally brought a small, two-se
-
William Maley Editor/Reporter - CheersandGears.com February 11, 2012 Former President George W. Bush spoke this week to a gathering of auto dealers. During his speech, Bush defended his decision on bailing out Chrysler and General Motors. "I'd do it again. I didn't want there to be 21 percent unemployment," Bush told dealers. Bush told dealers he believed in the free market and in normal conditions, automakers and other businesses should have been allowed to fail. "If you make a bad decisi
-
IHS Markit recently published their analysis on how long Americans are holding onto their vehicles. The average according to the firm stands at 11.9 years, the highest amount since they have been tracking this. Also, about one in four vehicles is over sixteen years old. We should note that this data came before COVID-19 started to wreak havoc on the U.S. IHS notes that new cars only made up 6.1 percent of vehicles in operation in 2019, down 0.8 percent when compared to high of 2016. This highlig
-
William Maley Staff Writer - CheersandGears.com August 2, 2012 According to research firm Baum and Associates, American buyers are taking a liking to diesel vehicles. Through June of this year, 61,214 diesel-powered vehicles have been sold in the U.S., an increase of 27.5%. That number might not sound like a lot, but sales of diesel vehicles are steadily climbing. From April to June, Diesel vehicles saw increases in sales ranging from 14.4% to 28.2%. This news comes in the face of the high
- Diesel
- Sales
- Volkswagen
- Audi
-
Tagged with:
-
William Maley Staff Writer - CheersandGears.com October 20, 2012 (Author’s note: This is a new thing I’m trying out with the news coverage. Let me know what you think about this. -WM) Everyday, I go through a number of stories that I will post on Cheers & Gears. However, a good number of stories that I have picked out don’t make it onto the page during the week and either get posted next week or never. That’s about change with the arrival of the Cheers & Gears’ Weekend Edtion. Its w
-
The COVID-19 pandemic has basically brought most of the world to halt. Orders to stay at home, businesses either having workers to their work from home or closing down, and unemployment skyrocketing is causing the economy to crater. There are efforts to try and jump-start the economy such as $1,200 stimulus checks. But an executive at Ford wants to see a return of a "cash for clunkers" like program. “We think some level of stimulus somewhere on the other side of this would help not only the
-
Drew Dowdell - January 19, 2012 - CheersandGears.com One of the limitations of current wind turbine technology is the limited amount of power generated per turbine. Large scale installations are required to match the power output of just the smaller coal buring powerplant. The largest wind turbines in the world produce about 5mw of power while the average coal fired power station produces around 500mw. Simple math can tell you that 100 of the largest wind turbines we have would need to be buil
-
Last Thursday, Beijing Automotive (BAIC) made an interesting announcement. Reuters reports the company is looking into buying a "mid to high-end brand" in Europe or the United States. If you're wondering, they have a number of companies in mind, but don't give out any names. President Dong Haiyang told reporters at a briefing in Beijing that this would allow them to break into the global marketplace much quicker. The company already some ties in the automotive world mostly in Europe. First, th
-
William Maley Staff Writer - CheersandGears.com October 11, 2012 Small cars are on track to to capture the largest share of the U.S. auto market since 1993 according to Bloomberg. Sales of compact and sub-compact vehicles jumped 50% to 240,288 units last month, giving the segment a 19.3% of market share through September. That's only 1.2% off the highest market share that small vehicles ever got back in 1993. “Traditionally small cars were purchased by people who couldn’t afford anything el
-
William Maley Staff Writer - CheersandGears.com October 15, 2012 The Tata Nano, introduced in 2009 as the world's cheapest car could be making its way to other countries. Ratan Tata, head of the Tata Group recently revealed in an interview that they are working on a redesigned version to be sold in the U.S. and Europe that could go on sale within three years. "The U.S. is a very enticing market. We are redesigning the Nano for both Europe and the U.S." The redesign will involve a larger eng
-
Consumer reports has had individual reports in the past on various specific models of electric vehicles, but they now publish the following report on the current state of EVs and the reliability of what is out there. Consumer-Reports-Insights-for-More-Reliable-Electric-Vehicles-Jan-2022.pdf Per the attached report above, we start looking at the latest overview they have put together: Per an Executive Order
-
Sergio Marchionne isn't taking no for answer from General Motors over merging with FCA. Reuters reports the automakers have brought investment banks for help to deal with this mess. Sources say FCA has brought in UBS, while GM has brought in Goldman Sachs and possibly Morgan Stanley. In the case of GM, the company has signed a letter of engagement with Goldman Sachs on advice with dealing with FCA. "It would be inconceivable for General Motors not to be talking to any number of advisers abou
-
If you happen to be visiting Saudi Arabia, don't drift your rental car, you could lose your head. A popular amateur sport in the kingdom, drivers push their cars into skids at high speeds through traffic while spectators gather on the side of the road to watch and cheer, sometimes with disastrous results. Scores and scores of videos of the practice, called “Hadwalah”, are available on Youtube. In the video below, a Honda Accord is seen speeding down a highway with guns blazing out of the window
-
It was only a few years ago that French automaker PSA Peugeot Citroën was on life support due to massive losses and poor sales. But thanks to an infusion of cash from Chinese automaker Dongfeng and the French government, the company was able to right the ship. The past couple of years has seen PSA Peugeot Citroën emerge as a healthy and profitable automaker. Now the company is looking at expanding into new markets, including the U.S. According to Automobilwoche, officials at PSA say the U.S.
-
Apple has formally shown its CarPlay integration system before the start the Geneva Motor Show today. The system, formally known as 'iOS in the Car' allows owners of a iPhone 5s, 5c, or 5 to control certain aspects of the phone through the car's infotainment system. According to Apple, owners will be able to plug in their iPhones to their vehicles via the USB port and control a number of functions such as making and answering phone calls, text messaging, navigation via Apple Maps, and playing m
-
It has been hinted at and rumored for a few years. But today, PSA Peugeot Citroën announced they would be making a return to the U.S. During a presentation for analysts and investors at PSA's headquarters in Paris, CEO Carlos Tavares unveiled a ten-year plan that could result in the launch of Citroën, DS, and Peugeot vehicles to the U.S. The plan would be split up into three steps. Step one: Enter the U.S. as a mobility operator from 2017, possibly with Bollore,” said Tavares. Bollore is a
-
MOU means that these companies have signed a "Memorandum of Understanding" to explore the participation, involvement and synergy sharing in relation to the business integration through a joint holding company. Back in August 1st, 2024 Nissan and Honda created a Joint Holding Company for the commencement of a strategic partnership focused on intelligence and electrification. This was to start the consideration towards integration of the two companies. Mitsubishi Mo
-
Whenever Bob Lutz speaks, many people tend to listen as he a number of years of being in the automotive industry under his belt. Recently, Lutz wrote an editorial for Automotive News' Redesigning the Industry where he predicts we are “approaching the end of the automotive era,” within the next 20 years. “The end state will be the fully autonomous module with no capability for the driver to exercise command. You will call for it, it will arrive at your location, you’ll get in, input your des
-
William Maley Editor/Reporter - CheersandGears.com April 18, 2012 New analysis from TrueCar, an online research firm, shows the average transaction price of new cars are on the rise. TrueCar looked at sales data from last month and found that the average price was 30,748, a rise 6.9% over the previous year. So why the increase in average price? The answer lies in the options list. Consumers are ticking more boxes on the list like never before, with the average new car being very close to “f
-
If you were thinking about purchasing a new Fisker Karma, you might want to hear this. Fisker has announced they will be increasing prices on the Karma Plug-In hybrid sedan by 6%. That means the base Karma EcoStandard model will now have a sticker price of $102,000; an increase of $6,150. The high-end EcoChic model will see a $10,000 increase to $116,000. However, if you have put down a $5,000 deposit on the Karma, you're in luck. Fisker says for those who put a deposit down can purchase the K
-
Revolution most commonly starts in the heart of what is to be disrupted. In this case, oil country is where one of the most revolutionary new motor designs is coming from. The minds at the University of Texas in Dallas, Dr. Babak Fahimi and the Renewable Enery and Vehicular Technology Laboratory brings us this new startup "Linear Labs Inc. A Smart Electric Motor Company" who just completed their funding round to allow them to market and produce their flagship motor, the Hunstable Electric Turbin
-
Hyundai, BMW, Stellantis, Kia, General Motors, Honda, Mercedes-Benz, and Toyota are eight of the worlds' largest automakers and today are celebrating the successful launch of their purpose-built redefinition of charging as an end-to-end integrated customer charging experience. This purpose-built charging solution delivers on the mission they set forth in February 2024. with 100 sites contracted, over 1000 charging bays, enabling EV road trips coast to coast by th
-
William Maley Staff Writer - CheersandGears.com August 14, 2012 A new study conducted by Maritz Research finds that 11.4% of new car buyers are skipping the test drive. The implication for skipping the test drive are due to more consumers doing their research on the internet (8 out of 10 consumers the study found) and the universal dislike of the car sales practice. "I just find it quite fascinating and a little baffling. As cliché as perhaps it sounds, there's that new-car smell that needs
-
William Maley Staff Writer - CheersandGears.com August 8, 2013 The Chicken Tax, a fifty year-old tariff put in place to tax 25 percent on all imported trucks could be gone in the near future. The U.S. is currently in talks currently in negotiations with the the Trans-Pacific Partnership over free-trade agreements. One of the countries in the Trans-Pacific Partnership is Japan, a country that currently imposes strict restrictions on U.S. imports. The U.S. is using the elimination of the Chick
-
If you have been following auto sales for the past few years, then you know that SUVs and trucks currently dominate the sales charts partly due to the low gas prices. This is especially true when it comes to the luxury segment, where utility models are eating sedans. But a new report from The New York Times reveals that American automakers are eating the lunches of luxury car manufacturers. According to data from Edmunds, the likes of Ford, Chevrolet, and GMC have seen their share of domes
- luxury cars
- suvs
- trucks
- features
-
Tagged with:
-
By William Maley Staff Writer - CheersandGears.com January 31, 2013 J.D. Power and Associates recently released their 2012 U.S. Navigation Usage Satisfaction Study and the results aren’t that surprising. Consumer happiness dropped 13 points in the study’s 1,000-point scale to 681, one of the lowest scores J.D. Power has ever recorded in the six years the study has been taken. Even worse was the overall satisfaction in voice controls, scoring 544 points out of 1,000. Even worse news for autom
-
We'll excuse you if you forgot that Fiat Chrysler Automobiles and PSA Group have been working towards finalizing their merger considering the state of the world at the moment. But the two are making serious headway as they have announced the new name of the multi-national corporation that will form once the two merge. Meet Stellantis. Don't worry, you're not the only who is thinking "What" or thinking of some clever joke to make fun of this name. We'll let the two explain what this name mean
-
You find yourself in the showroom, ready to drive away in a new Chevrolet Bolt, Nissan Leaf, or Tesla Model S. But there is one big question that needs to be decided, do you buy or lease it? According to a report from Bloomberg, most buyers of EVs tend to lease. In the U.S., almost 80 percent of electric vehicles on the road are leased according to their report. It also says that 55 percent of plug-in hybrids are leased. More than 80 percent of BMW i3s are leased as an example. The key reas
-
According to research issued by AAA, 40 percent of Americans expect driver assist systems with names like ProPilot, Co-Pilot 360, or Autopilot to give the vehicle the ability to drive itself. In a quote to Automotive News, Director of Automotive Engineering and Industry Relations at AAA says "Somewhere in there, you'd think a pilot is involved, but indeed no, human driving is still required." AAA examined 34 vehicle brands to identify the number of driver-assistance names used and foun
-
Truck owner loyalty is legendary. Buyers typically pick one brand and stick with that brand for as long as they buy trucks. Indeed my own father has owned only one brand of pickup, the Ford F-series, since before I arrived on earth. In 2018, Ford moved more than 900,000 copies of its F-series pickups out of a total segment of 2,944,395. But have rising prices started to crack that loyalty? CarGurus did a survey and found that 70% of truck owners would switch brands if their truck raise
- Editor-in-Chief
-
William Maley Staff Writer - CheersandGears.com July 5, 2012 The Highway Loss Data Institute, part of the Insurance Institute for Highway Safety (IIHS), released a study this week looking into crash avoidance technology. The results are a bit surprising. The study looked property damage liability (PDL) claims, meaning drivers who had a accident with another vehicle. The study also limited the number of manufacturers in the study to four; Buick, Mazda, Mercedes-Benz, and Volvo. Unsurprisingl
-
Drew Dowdell - CheersandGears.com After 30 years, the ever increasing subsidy for ethanol produced from corn has expired. When Congress adjourned for the year last week, they did not renew the ethanol subsidy that has cost taxpayers some $45 billion during its lifetime. Every gallon of ethanol pumped provided corn growers with a 45 cent subsidy. Most of the savings from ending the subsidy to go towards reducing the US's budget deficit. At the same time, a 54 cent per gallon tariff on ethanol i
-
April 2024, three companies came together wanting to address an industry opportunity that they saw in the European market and to hopefully take it globally. Renault Group, Volvo Group, and CMA-CGM came together to announce a new EV startup called FLEXIS. Flexis would be a skateboard platform that would allow a last mile delivery solution that would be efficient by using cutting-edge technology to offer a cutting-edge solution focused on offering a comprehensive s
-
William Maley Editor/Reporter - CheersandGears.com August 6, 2012 If you're one of those people who wanted a H1, or the actual wartime vehicle that inspired it, have we got some news for you. After a twelve year break from the civilian market, AM General is reportedly set to offer a kit-car of the C-Series HMMWV, or Humvee. The kit will meet U.S. government regulations and has been made possible by a deal with GM. The kit will include a body with 2,800 installed rivets, chassis with springs
-
The EPA, National Highway Traffic Safety Administration, and California Air Resources Board have released their draft Technical Assessment Report on the 'Midterm Evaluation of Light-duty Vehicle GHG Emissions Standards for Model Years 2022-2025'. Despite the long name, this report is important as the results will help determine if the 54.5 mpg corporate average fuel economy target for 2025 needs to be adjusted or not. Let's begin with the good news. The report says the industry is “ado
-
William Maley Staff Writer - CheersandGears.com November 7, 2012 Hurricane Sandy was the largest storm in the Atlantic in US history, and the economic damage is beginning to come into view. Automotive News is reporting that around 15,000 new vehicles will be scrapped due to storm damage. About 40% of those are Nissan and Infiniti vehicles that were determined to be unfit for sale. Toyota is next with the possibility of having to scrap close to 4,000 vehicles. Other automakers that have annou
-
William Maley Editor/Reporter - CheersandGears.com January 18, 2012 According to a report from research firm R.L. Polk & Co, the average of age of a vehicle on the road stands at 10.8 years last July. The report says the average age of passenger vehicles stands at 11.1 years, while for light trucks, it’s 10.4 years. Polk says the median age of cars has been on the rise for the past 16 years because people are keeping their cars longer due to various reasons. Most recently, the economic d
-
Fuel efficiency guidelines and California's right to set its own vehicle emissions standards are in the crosshairs of the Trump administration again. Bloomberg has learned from sources that the administration will be introducing a proposal later this week that revises key parts of the Obama-era standards. This includes capping federal fuel economy requirements at 2020 level of 35 mpg fleet wide, instead of the 50 mpg requirement by 2025. There is also a provision that would revoke the Clean
-
William Maley Staff Writer - CheersandGears.com December 7, 2013 The Suzuki Kizashi, a model that was loved by many automotive writers and journalists (your's truly included), but never made a mark on consumers, will not get a second chance. According to Drive.com.au, Suzuki is unlikely to develop a replacement model. “That’s my headache. Kizashi was a very unlucky car,” said Suzuki’s Australian managing director Masaaki Kato. “We had so many arguments about the question: how to handle Kiza
-
If you happen to plan on seeing Transformers 4 at the theater, you should pay close attention to the scenes in China as some of those vehicles could be making their way to the U.S. Guangzhou Automobile Group Co Ltd. (GAC) which has some of their Trumpchi vehicles in the film is planning on sending them to the U.S. as early as next year. "Our sponsorship of Transformers 4 will help more overseas dealers and consumers know about our cars and over the long run it will greatly contribute to our br
-
The State Fair of Texas began last week and truck manufacturers were out in force with new models to tempt consumers in the largest truck market in the U.S. Both Ford and Ram Trucks rolled out new luxury trims of their pickups - Ford with the Limited and Ram with the Longhorn Southfork. Both trims can easily reach $100,000 which to some is pushing it. But marketers at the truck manufacturers tell Automotive News they don't know where the ceiling is on how much consumers are willing to spend.
-
The most famous boulevard in Paris, the Champs-Élysées will not see any vehicles for one Sunday every month. The Agence France-Presse reports that the Paris city government will ban vehicles from the Champs-Élysées the first Sunday of every month. The ban will go into effect on May 8th, not the 1st. The reason it is a week later is May 1st is a national holiday and many workers who will be needed to run the scheme will have the day off. This is part of Paris Mayor Anne Hidalgo's plan to impr
-
William Maley Staff Writer - CheersandGears.com October 28, 2013 Consumer Reports has released this year's Auto Reliability Rankings, and not surprisingly Japan is on top. The top three in the rankings are Lexus, Toyota, and Acura. Following them is Mazda in fifth, Infiniti in sixth, Honda in eighth, and Subaru in tenth. That doesn't mean there weren't any surprises. Audi jumped four places to forth, while Volvo climbed a massive thirteen spots to seventh place. GMC was the only American bra
-
While General Motors has gotten most of the blame in the ignition switch fiasco, the National Highway Traffic Safety Administration (NHTSA) isn't getting away scot free. The New York Times reports that the Department of Transportation released two internal documents revealing a series of failings by NHTSA. One of those failings was the administration not paying sufficient attention to a Wisconsin state trooper’s report in 2007 which suggested that the ignition switch played a key role in a f
- NHTSA
- Report
- GM
- General Motors
-
Tagged with:
-
While many still think electric vehicles are a niche, a new study from IHS Automotive suggests that EVs are actually catching on more quickly than hybrids when they were first introduced. The study looked at the cumulative global sales of the first-generation Toyota Prius, Chevrolet Volt, and Nissan Leaf in the first four years. IHS Automotive found that the Toyota Prius moved 52,200 units from 2000 to 2004. However, the Volt and Leaf have sold more vehicles in their respective four-year timefr
-
William Maley Editor/Reporter - CheersandGears.com December 9, 2011 The National Highway Traffic Safety Administration proposed today a new rule that would make all keyless ignition systems operate in the same manner. The proposed rule would require the system be able to turn off the engine regardless of the position the gear selector is in. The rule would also reduce the number of seconds someone has to hold the button to turn the engine and have an audible warning if the driver tries to sh
-
Prices of new vehicles are climbing to record highs and causing buyers to look at leases for lower monthly payments. According to CNBC, a new report from Experian Automotive found that 31.46 percent of vehicles sold in the first quarter were leased. This is up from the 24.05 percent who chose to lease five years ago. The report also reveals that that the average monthly payment for a new vehicle loan was $488, up $14. But, the average lease payment was down $7 to $405. "The difference be
.jpg.36a76bdd8f1c52bc317f5feaa4650374.jpg)
