Automotive Industry
News covering the Automotive Industry at large.
503 articles in this category
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A Pittsburgh Port Authority Bus became stuck in a sink hole in downtown Pittsburgh this morning. The bus was waiting at a traffic light when the road gave way. There were two people on the bus who were able to get off the bus safely. A Kia Optima was also left with its front wheels hanging into the hole. The incident occurred at about 7:40 a.m. outside the Westin Hotel downtown on the corner of 10th street and Penn Avenue. The hole is about 20 feet deep and 75 feet wide. The bus is sitti
...open up!...
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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
And there were only six automakers?
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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
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April's auto sales are one most automakers would like to pretend never happen due to big declines. But if there is a silver lining to April sales, it has to go to small sports cars. Automotive News ran the numbers and found that sales of small sports cars rose 3.4 percent so far this year. Contrast this with 12 percent drop in overall demand for cars. The big winner in this group was the Mazda MX-5 Miata with sales up 35 percent so far this year. Sales in April declined slightly from March
There is a slight silver lining to April's sales figures
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Small SUVs and crossovers are making huge gains in terms of sales. A key part of this success comes down to a single group of buyers, single women. Data from research company MaritzCX reveals that sales of small SUVs to women rose 34 percent between 2010 and 2015. In the same time, sales of these vehicles to single men only rose 22 percent. Sales of small luxury SUVs saw a large increase of 177 percent to women. Out of the total amount of women buyers, 40 percent are single. “There’s a g
Wondering why Small SUVs and Crossovers are currently some of the big selling models in the U.S.?
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William Maley Staff Writer - CheersandGears.com July 17, 2012 The current Suzuki SX4 is going on six years and its beginning to show its age. Suzuki knows this and is working on the next generation SX4. Some new spy shots show how much progress Suzuki has made on the next SX4. The next SX4 appears to be much larger than the current model, thanks to larger greenhouse. Other design changes include a new grille and headlamps. There also appears to be a large intercooler that is hiding behind t
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William Maley Staff Writer - CheersandGears.com August 28, 2012 From the 'oh not this again' file; Spyker and Chinese automaker, Youngman have signed a new agreement for a joint venture to develop new vehicles. The deal has Youngman Automotive investing €10,000,000 (about $12.5 million ) for a 29.9% stake in Spyker. Youngman will also invest €25,000,000 (about $31 million) for the development of an all-new Spyker vehicle, the D8 P2P (Peking to Paris). You might remember this vehicle as the 2
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There looks to be another automaker who wants to enter the North American market. Korean brand Ssangyong is planning a Wrangler-style high-design SUV sometime in the later half of this decade. The SUV would be based on the automaker's recently launched Tivoli crossover and have styling that is in line with the Korando, a model that started off as a licensed CJ-7 clone. Power will come from Tivoli as well, which includes 1.6L gas and diesel engines. So why try entering the North American
Haven't You Wanted A Ssangyong?
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A new study finds that General Motors is dead last when it comes to relationships with suppliers. Automotive consultant group Planning Perspectives Inc (PPI), released the results of their annual study which asks the biggest suppliers to rate the six automakers who sell more than 85 percent of vehicles in the U.S. Suppliers rated GM low in many key areas such as communication skills, protection of intellectual property, unwillingness to adjust prices due to unforeseen increases, and overall tru
General Motors Is The Worst To Deal With According To Suppliers
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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
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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
Its Not That Gen Y isn't Interested In Cars, They Just Can't Afford Them Right Now
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By William Maley Staff Writer - CheersandGears.com April 16, 2013 With gas prices on the rise, you would think sales of subcompact vehicles would also be rising? No. Wards Auto reports that subcompact sales are off since October, even though the price of a gallon of gas is rising and holding steady at $3.50 to $4.00 across the country. So why the drop off in subcompacts? Wards has a couple ideas to explain this. For one, the reason might lie in the boom/bust cycle that comes as a result of n
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Short and sweet, what is not to love about the Superbowl ads. Tell us what you like, as more are released, hopefully we get them all posted here. Seems there is a whole series of Dr. EV-il commercials at the GM Youtube channel. General Motors - YouTube GMC has released a whole series of Declassified videos on new technology. G
Not much more can be said other than another year, another round of fun filled commercials. Here we are posting all the Auto ones to watch, discuss and enjoy.
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Congratulations America. It seems we now buy more SUVs and crossovers than sedans according to a new study from IHS Automotive. Through May of 2014, IHS says that SUVs and CUVs account for 36.5 percent of new car registrations, compared to the 35.4 percent of registrations for sedans. This is a reversal from five years ago where sedans stood at 36.3 percent of registrations, compared to the 31.4 percent for SUVs and crossovers. “It’s not that sedans have become unpopular. It’s just that CUVs ha
Not Surprising, SUVs and Crossovers Pass Sedans In Sales
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William Maley Staff Writer - CheersandGears.com November 13, 2012 The news of Suzuki automobiles leaving the U.S. has left their dealers with a choice, either take a cash settlement or take Suzuki to court. Last week, American Suzuki Motor Corporation was authorized by a U.S. Bankruptcy Court to borrow $45 million dollars as part of a settlement with dealers. The settlement would give dealers a cash settlement, and a new contract giving the dealers the rights to operate as parts and service
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By William Maley Staff Writer - CheersandGears.com March 6, 2013 The end is here for Suzuki automobiles in the U.S. On Thursday, a judge from U.S. Bankruptcy Court for the Central District of California in Santa Ana approved Suzuki's Chapter 11 reorganization plan. The plan calls for American Suzuki's motorcycle, ATV and marine engine businesses to exit bankruptcy and become part of a new, wholly-owned subsidiary of Suzuki Motor Corp, Suzuki Motor of America. Suzuki's automotive branch will
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William Maley Editor/Reporter - CheersandGears.com April 16, 2012 To say Suzuki is hurting would be a large understatement. The brand is showing many signs of trouble which include, Suzuki's first quarter sales totaled 6,561 vehicles, a drop of 2% over last year. Meanwhile, in the same quarter, the market rose 13%. Suzuki skipped the Los Angeles and Detroit Auto Show Suspended their social media activity (i.e. Facebook & Twitter) two months ago Steve Younan, the top U.S. produc
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William Maley Staff Writer - CheersandGears.com August 10, 2012 Suzuki's presence in the U.S. is, um lackluster. However in other parts of the world, Suzuki is a major player. So whenever the company shows off a new vehicle or concept, that means its not for the U.S. However, a vehicle that will make its premiere at the Paris Motor Show could be arriving to the U.S. Suzuki has released two teaser images of the S-Cross concept, a small crossover. Suzuki says that the S-Cross has a "Emotion x
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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
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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
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After months of pressure from the U.S. Government and a number of recalls from automakers, Japanese supplier Takata agreed to declare that its airbag inflators in nearly 34 million vehicles are defective. The announcement was made today by U.S. Transportation Secretary Anthony Foxx at a press conference. “Up until now Takata has refused to acknowledge that their airbags are defective, That changes today,” said Foxx. The problem with Takata's airbags deals with propellant exploding with t
Takata Comes Forward, Acknowledges Defect In Their Airbags
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Airbag manufacturer Takata is at the center of one the largest automotive recalls which affect an estimated 100 million vehicles from two dozen automakers around the world. The airbags in question have inflators that can rupture and send shrapnel flying in the event of a crash. They have been linked to at least 16 deaths and 180 injuries. Now, the next chapter begins as Takata filed for bankruptcy. Yesterday, TK Holdings (Takata's U.S. operations) filed for Chapter 11 bankruptcy in Delaware
We knew this was going to happen
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A group of ten automakers have agreed to equip all of their new vehicles with an automatic emergency braking (AEB) system in the near future. Audi, BMW, Ford, General Motors, Mazda, Mercedes-Benz, Tesla, Toyota, Volkswagen, and Volvo announced today they will work together with the Insurance Institute for Highway Safety (IIHS) and National Highway Traffic Safety Administration (NHTSA) on an agreement and timeline to make automatic braking standard on all of their models. AEB systems wor
Coming Soon: Automatic Braking Systems as Standard Equipment
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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
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William Maley Staff Writer - CheersandGears.com July 26, 2012 This week, Tesla announced that it's considering boosting production of its Model S sedan to 30,000 units in response to a waiting list that stretches for 10-11 months. Tesla CEO Elon Musk said in a conference call with analysts that the company is expecting to sell 5,000 Model S sedans by the end of 2012, with 20,000 sales expected next year. That could increase to 30,000 with the addition of a second shift. Currently, Tesla has
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Cox Automotive group released their Q3 2023 EV sales for the automotive industry in the United States showing that in Q3 EV sales jumped past 300,000 for the first time in the U.S. market. EV sales through September reached just over 873,000 which puts the market on track to surpass 1 million EV sales. This milestone is estimated to be reached some time in November. Q3 EV sales estimates are 313,086 EV sales, a 49.8% increase over the same period last year. This is an increase from the 298,
U.S. EV sales have set another record, but how much growth is it and who is leading among all auto companies?
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William Maley Staff Writer - CheersandGears.com October 22, 2012 Earlier this month, we reported that four states; Illinois, Massachusetts, New York and Oregon were complaining about Tesla and their stores. "Tesla's factory-owned stores present unfair competition for rival dealerships, are inconvenient for consumers needing repairs and, if left unchallenged, ultimately threaten the franchise system," said a report in Automotive News. Tesla didn't see a problem with their stores. "We do wha
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William Maley Editor/Reporter - CheersandGears.com February 10, 2012 Last night, Tesla introduced their next vehicle, the Model X. Based on on an extended platform of the 5+2 passenger sedan, the Model S, the Model X is a seven passenger crossover EV. Design of the Model X takes a Model S, enlarges it, and adds the back end of the BMW X6. The signature design feature of the Model X is what Tesla is calling falcon-wing doors, a two-piece articulated gullwing door. The trick with the falcon-wi
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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
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William Maley Staff Writer - CheersandGears.com September 26, 2012 On the surface, everything seems bright and sunny at Tesla. The company has begun production of the new Model S sedan, introduced a new charging network for Model S drivers that uses solar energy, and is in the process of planning new models. But, Tesla is showing some signs of setbacks of becoming an automaker. In a recent Securities and Exchange Commission filing, Tesla has downgraded their full-year revenue forecast from $
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William Maley Editor/Reporter - CheersandGears.com June 7, 2012 Tesla's sales and financials have been taking a plunge since the company pulled the plug on their only model, the Roadster last year. However, the company has great hopes for improvement when the new Model S is launched. Tesla CEO Elon Musk told shareholders yesterday that he is “highly confident” that the company will achieve sales of 20,000 vehicles in 2013. The Model S, which will start at $57,400 (before a $7,500 federal ta
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William Maley Editor/Reporter - CheersandGears.com May 15, 2012 Tesla announced this week they will begin to pay back their loans from the U.S. Government later this year. Tesla chief financial officer Deepak Ahuja told Bloomberg this week, "We are delivering on the milestones, what we're committed to...once we are delivering customer cars, that signifies completion of the project". This suggests once Tesla begins delivering the new Model S sedan out to customers, they will begin paying bac
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William Maley Editor/Reporter - CheersandGears.com January 19, 2012 Tesla CEO Elon Musk has confirmed that a prototype of the all-electric Model X crossover will be revealed on February 9 at Tesla’s design studio in California. Originally to be shown at NAIAS, the Model X will use the Model S sedan’s aluminum-intensive platform. Power is expected to go to all four wheels possibly by utilizing the Model S’s electric drivetrain at the rear wheels while adding one to two electric motors up fron
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William Maley Staff Writer - CheersandGears.com August 21, 2012 Tesla's CEO, Elon Musk recently gave an interview with Automobile Magazine talking about the company and what lies ahead. Musk also took the opportunity to rip into Fisker. “It’s a mediocre product at a high price. The car looks very big, and yet it has no trunk space and is very cramped inside, particularly in the rear seats.” Musk also spoke out against Fisker founder, Henrik Fisker. “The fundamental problem with Henrik Fisk
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William Maley Staff Writer - CheersandGears.com October 9, 2012 The way Tesla sells their vehicles is very different from other automakers. Their seventeen stores are modeled after the Apple Store; most are in malls for anyone to walk in and look at the vehicles. If you want to order a Tesla, you can do an online reservation. This has drawn the ire of dealers and dealer organizations, which have begun legal efforts to make Tesla's factory stores illegal. Their argument: "Tesla's factory-owne
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Back in 2007, the US Congress created the Advanced Technology Vehicle Manufacturing federal loan program to allow the US Government to loan out $25 billion to car manufacturers. The loans were created to help car manufacturers to retool factories and build more fuel-efficient vehicles. But those loans have been slowly trickling out. Only $9.2 of the $25 billion set aside has been used. Also, the program has been taking a long time to approve companies for loans. So far Ford, Nissan, Fisker, and
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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
Used Car Prices Are Climbing
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Between now and 2022, at least 50 electric vehicles will be launched. They'll be coming from the likes of Volkswagen, Diamler, and General Motors. Heck, even Dyson is getting into the game. But why this rush to get EVs on the road? It comes down to two things, Tesla and upcoming regulations. “Nobody doubts that the future will be electric. The car companies dragged their feet with electric. Now they are being dragged into it by Tesla and by regulations,” said Erich Joachimsthaler, founder
But will anyone buy them?
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Only a few weeks ago, Toyota and Mazda surprised everyone by announcing a new alliance. The two would collaborate on a number of projects including a $1.6 billion assembly plant, possibly bringing 4,000 new jobs. At the time, the two automakers haven't decided where the plant would go, which sent various states in a frenzy. A report from the Detroit Free Press has learned that the two have sent out a blind request for proposals from states in Midwest, mid-Atlantic and South. Sources tell th
Over a dozen states are involved
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Tesla and General Motors lead the pack when it comes to the sales of plug-in vehicles. Data from Automotive News says Tesla stands at 193,344 vehicles, followed by GM at 181,062, But there arises a problem; once they cross the 200,000 mark, the phaseout of the $7,500 tax credit begins. Tesla is expected to be first with some predicting it taking place next month (provided they don't run into more production troubles). GM will follow sometime next year. Barring some sort of extension of the
Might become tougher to sell some EVs
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It is already tough for a number of people to afford a new vehicle as the average transaction price keeps rising. According to Kelly Blue Book, the average transaction price for November rose 2.1 percent to $36,978. This isn't being helped by American automakers deciding to stop producing cars due to changing consumer tastes. This was brought to light last week when General Motors announced that it would be cutting a number of cars including the Chevrolet Cruze. Most automakers and dealers belie
And why that may pose a problem
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While car sales are down, the number of people opting for loan lengths from 73 to 84 months is going up. Karl Kruppa, senior automotive solutions consultant for Experian said at a conference last week that the share of 73 to 84 months car loans has been rising over the past eight years. Through February of this year, 33.8 percent of loans were for terms longer than 73 months. Other numbers to take into consideration, In the fourth quarter of 2010, three-fourths of new-car loans
Long-term loans for new and used cars are increasing
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2018 saw a continuation of near-record sales and large profits for automakers in the U.S., but that appears to be coming to an end. Bloomberg reports various factors are conspiring to end this trend such as increasing interest rates and the average price of a new vehicle hitting record highs. While some may point out that 2018 saw a 0.3 percent increase in vehicle deliveries (17.6 million according to AutoData), analysts point that this is due to the tax cuts brought by President Donald Trump la
The sales party is coming to a close
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Have you gone out and shopped for new vehicle recently? Are you overwhelmed by the variety of vehicles on offer? For example, if you decide to get a Porsche 911, you have the choice of 22 models. No, that isn't a misprint. Meanwhile other automakers have an array of models that carve out new niches and and mix existing body styles. Consider this, Audi sells 50 different variants around the world, a five-fold increase from the 90's when the German luxury automaker only sold 10 different variants.
Overwhelmed By The Choice of Automobiles? You're not the only one.
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The recently announced alliance between Ford and Volkswagen will not bring any benefits to North America at the beginning. Both companies said that the partnership will focus on Africa, Europe, and South America beginning with commercial vans and the next-generation Ranger/Amarok pickup. Down the road, both Ford and Volkswagen said there could be a potential product for the U.S. While Ford is keeping quiet on what that product could be, Volkswagen CEO Herbert Diess said that a commercial ve
Down the road, that may change
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William Maley Staff Writer - CheersandGears.com September 16, 2012 If you're in the market for a pickup truck, there is some very good news for you. Truck manufacturers are offering rebates ranging from $1,500 to $4,500. So why the large rebates? Well, part of it is to make room for the 2013 models. The other part is due in part to GM. GM's supply of pickup trucks has been growing and growing due in part to the company making sure they have enough supply when they shut down their plants to r
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With gas prices making a downward trend, sales of SUVs are making an upward climb. In fact, SUVs, pickups, and crossovers when added together make up half of total volume of sales in April. Now with the increase in SUV sales, prices also went up. Edmunds reports that average transaction prices on SUVs have climbed nine percent when compared to last year. Now when something goes up, something must come down. In this case, it happens to be small cars. Edmunds says that the average timeframe to s
SUV Sales Go Up, Small Cars Go Down
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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
The Transportation Secretary Wants A Large Increase In The Lateness Fine
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By William Maley Staff Writer - CheersandGears.com April 10, 2013 Ford, General Motors, and Ram are continuing their stance on ignoring the SAE testing procedure for towing ratings according to Automotive News. The procedure, named J2807, is designed to reflect how the pickups are really used, and are supposed to be more accurate than the non-SAE numbers, which manufacturers supply. The procedure tests a pickup’s structure, propulsion, handling, braking, and thermal-handling ability, in a se
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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
Here we go once again
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Towards the end of Obama presidency, the administration unveiled guidelines for testing and deployment of self-driving cars in the US. But there is a new presidency in the White House and that means things will be changing - although details are scarce as to how. U.S. Transportation Secretary Elaine Chao said in Detroit yesterday the Department of Transportation would revisit and revise the guidelines put forth by the previous administration within the next few months. "The pressure is
A New Presidency Means Changes, Including Guidelines for Self-Driving Vehicles
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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.
... 5%, to 10%, to 25% by October...
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The President has threatened to slap tariffs on the import of all cars in a year if Mexico does not completely halt the flow of illegal immigration, a near impossible task. This is after he backtracked on his previous threat to completely close the US-Mexico border, a move his own advisers recommended against. Such actions would have massive economic repercussions on both sides of the border, raising prices for many consumer goods. Trump said, "Mexico understands that we're going to clos
...in spite of negotiating no tariffs with them earlier..
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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
...the "deal" was made months ago...
- Editor-in-Chief
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The National Electric Vehicles Sweden (NEVS), the folks who bought up the assets of Saab have licensed the Turkish government to use the aged Saab 9-3 as the basis of a new national vehicle. "We bought Saab 9-3’s intellectual property rights, but not its name," said Fikri Isik. Turkish Science, Industry and Technology Minister. "The brand [of the car to be developed] will be a Turkish brand, it will not be Saab. We will develop the technology in Turkey." Isik told the Turkish govern
Coming Soon to Turkey, a Saab 9-3 based vehicle
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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
...more torque, better power density, and 10 percent further range...
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There has been a lot of talk about driverless cars with companies (both automotive and tech) promising a safe and grandiose future and a number of high-profile crashes that have resulted in fatalities. This got us wondering how the general public feels about them. Recently, two studies came asking this and their results are very interesting. First up is CarGurus which asked 1,873 vehicle owners in the U.S. between the ages of 18 to 65 about self-driving vehicles. 79 percent of participants s
Both have some interesting results
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Two U.S. Senators are calling on the U.S. Department of Transportation to urge owners of General Motors vehicles involved in the ignition switch recall to stop driving them until they are fixed. Senators Edward Markey of Massachusetts and Richard Blumenthal of Connecticut sent a letter to Transportation Secretary Anthony Foxx urging him to ask owners to stop driving their vehicles. "GM has indicated that it could take until October, 2014, before it can complete all the needed repairs. Every da
Two Senators Ask The DoT To Urge Drivers of GM Vehicles Involved In The Ignition Switch Recall To Stop Driving Them
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In light of GM's massive 1.6 million vehicle recall and Toyota's massive $1.2 billion settlement over the unattended acceleration problem, two U.S. Senators introduced legislation to require automakers to provide more information concerning incidents that involve the loss of human life. Senators Ed Markey, D-Massachusetts., and Richard Blumenthal, D-Connecticut introduced the Early Warning Reporting System Improvement Act yesterday. The bill would require automobile and equipment manufacturers
A New Bill Is Requiring Automakers To Automatically Send Information About Safety Defects
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Automakers already have enough of a headache with the current administration in the white house, but news that broke today is only going to make it even worse. Wilbur Ross, the U.S. Secretary of Commerce has announced that President Donald ordered an investigation under Section 232 of the Trade Expansion Act of 1962 to determine "whether imports of automobiles, including SUVs, vans and light trucks, and automotive parts into the United States threaten to impair the national security." "T
May lead to tariffs and other issues
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William Maley Editor/Reporter - CheersandGears.com February 1, 2012 2011 was a good year for the domestics. Chrysler, Ford, and General Motors saw their market share grow. But, a new report from Bloomberg says the Big Three could see a drop in 2012. Sales for 2012 are expected to grow from 12.8 million vehicles last year to 13.6 million, but competition from the Koreans and a recovery of the Japanese automakers mean those sales sales aren't likely headed to the Big Three. Bloomberg asked fi
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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
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By William Maley Staff Writer - CheersandGears.com February 3, 2013 The U.S. Department of Energy announced a updated strategy to promote green cars and lower the costs over the next nine years at the Washington D.C. Auto Show on Thursday. One part of the original strategy which stated a goal of having a million electric vehicles on the road by 2015 has been eased off. "Whether we meet that goal in 2015 or 2016, that's less important than that we're on the right path to get many millions of
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Back i n May, the U.S. Commerce Department launched an investigation into car imports to determine the impact of car imports. The investigation falls under Section 232 of the Trade Expansion Act of 1962 which states "whether imports of automobiles, including SUVs, vans and light trucks, and automotive parts into the United States threaten to impair the national security." This could allow the Trump administration to levy tariffs as high as 25 percent on foreign-built vehicles. Yesterday, th
The tariffs as high as 25% are on hold for the moment.
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William Maley Editor/Reporter - CheersandGears.com January 30, 2012 The U.S. Treasury Department revealed in a new report to Congress that it will lose more money than expected on the 2009 bailout loans given to Chrysler and General Motors. The Treasury now expects to lose $23.77 billion on the $85 billion bailouts, up from the $23.6 billion losses estimated last fall. Most of the increase in the projected loss is due to GM's stock price declining over the past six months. GM's stock price a
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William Maley Staff Writer - CheersandGears.com October 30, 2013 The U.S. Treasury's sell off of General Motors stock isn't faring so well. According to a new report from The Detroit News, the U.S. Treasury has reported a $9.7 billion loss on the $49.5 billion bailout of GM back in 2009. This figure comes from the quarterly report from the Special Inspector General of the Troubled Asset Relief Program to Congress. The U.S. Treasury original stake in GM back in 2009 was around 60.8 percent. S
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The UAW has dropped their plans to organize a foreign automaker plant. Previously, the UAW vowed to organize one foreign auto manufacturer on U.S. soil by year’s end. "We're shifting our strategy a little bit. We are not going to announce a target at all. We are not going to create a fight," said UAW President Bob King. King's announcement comes a few days after UAW spokeswoman Michele Martin said the union wouldn't meet it's goal to unionize a foreign plant by year’s end. Organizing one fore
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William Maley Editor/Reporter - CheersandGears.com December 30, 2011 The UAW isn't giving up on their effort to organize plants in the south, rather they're changing their main focus. Originally, the UAW was going to target Japanese automakers. However, the UAW is now going after the German automakers. Reuters report that the UAW believes given Germany’s history of dealing with its strong IG Metall union, executives at the German automakers would be more to let UAW reps to talk workers. Gi
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There is a right way and a wrong way when it comes to testing autonomous vehicles on public roads. Uber has demonstrated the wrong way. Yesterday, the company launched eleven driverless Volvo XC90s in San Fransisco as part of a pilot program. But by late morning, two of the eleven vehicles were running amok. The San Fransisco Examiner got their hands on a dash cam video showing one of the XC90s running a red light at 10:37 A.M. Later that morning, a freelance producer and writer tweeted “Ju
Uber finds itself in hot water over their autonomous driving program in San Fransisco
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April 2020 Honda / Acura signed a deal with GM to use the Ultium Platform to produce two SUVs, one for Honda and one for Acura that would target the 2024 model year with an end of 2023 on sale date. Today we give you the Honda Prologue and Acura ZDX: Let's dive into how much these two vehicles are the same and yet different. Both are built on the GM Ultium platform and will come off the same assembly line according to Honda. We will present a bullet list here f
Honda and Acura signed on to use the GM Ultium platform and will have their first SUVs out soon, which do you like?
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Automakers have been trying different technologies and ideas in an effort to boost fuel economy and reduce emissions. On paper, the new technologies do make a difference. But in the real world, it is a completely different matter. Emissions Analytics, an independent U.K.-based company has been investigating what technologies actually make a difference in reducing emissions and fuel consumption. For the past four years, the company has tested over 500 vehicles in the U.S. since 2013 in real
On paper is one thing, the real world is another matter
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January 16th, 2012 - Drew Dowdell - CheersandGears.com In a statement released on Friday the American Automotive Policy Council (AAPC), a political action committee formed by General Motors, Chrysler Group, and Ford Motor Company, announced opposition to Japan joining the currently running Trans-Pacific Partnership (TPP) free trade negotiations. The original members of the TPP formed in 2006 are Brunei, Chile, New Zealand and Singapore. From 2008 to 2010, five additional countries, Australia,
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The US government is pulling back on some of their financial support for electric vehicles. Coming this Saturday, a tax credit which allows taxpayers to deduct 30% of the cost an electric vehicle charger (good for up to $30,000 in commercial cases) will be discontinued. If you're thinking the 30% deduction is a bit high, last year the deduction was set at 50%. "The timing of this couldn't be more unfortunate," coming just as more electric cars are on the way." said Genevieve Cullen, vice pres
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William Maley Staff Writer - CheersandGears.com July 30, 2013 Interested in buying a used car? Then we got some good news for you. According to Associated Press (via The Detroit News), prices of used cars are dropping. Despite hitting an all-time high back in 2011 thanks to fewer used cars in stock, prices since then have been declining. According to to data from auction company Manheim, the average sale price of a vehicle at auction in June was $11,031, down 6 percent when compared to the p
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If you are considering buying a used car this year, then we have some good news for you. A new vehicle depreciation report from used car value service, Black Book and Fitch Ratings Inc., says that 2015 will see used car values depreciate 14.5 percent. This is an increase from 2014's deprecation rate of 12.1 percent. So why the increase in depreciation? It comes down to two key factors; an increased supply in used cars and a larger volume of off-lease vehicles. “2014 depreciation was defined b
Good News for those planning to buy a used car
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William Maley Staff Writer - CheersandGears.com September 16, 2012 This year saw the average price of the used car reach an all-time high due to severe shortage of used vehicles. “The supply right now is so low, that is controlling everything in the used-market values. There just aren’t enough vehicles out there relative to used-car demand,” said Eric Lyman, ALG’s vice president of residual value solutions. However the supply is beginning to increase slowly thanks in part turn-around in new
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Oshkosh Defense was awarded a 10 year contract by the USPS to create, build and deliver up to 165,000 auto's for postal delivery across the United States of America. These auto's will be made up of traditional internal combustion engine, Hybrid and electrical vehicles. These purpose built, right-hand-drive vehicles will be used for mail and package delivery. A minimum of 50,000 to a maximum of 165,000 auto's over a 10 year time frame was agreed upon contract for a modern AC equipped NGDV or next
February 23rd 2021 the USPS awarded to Oshkosh Defense a contract for delivering up t 165,000 U.S. built vehicles over the next 10 years to modernize the postal delivery fleet. This will be made up of gas powered, Hybrid and electric vehicles with the first auto's set to be delivered in 2023.
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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
Thanks to increased optimism in business, van sales are climbing
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William Maley Editor/Reporter - CheersandGears.com April 22, 2012 Ex-Saab CEO Victor Muller on-again, off-again affair with the sports car company he started, Spyker appears to be back on. During Muller’s tenure at Saab, Spyker was put up for sale to the highest bidder. A few companies were interested, but none bit, which has become a blessing in a disguise. Since Saab has bid adieu, Swedish Automotive has changed its name to back to Spyker. Now, Muller has some big plans in store. De Tel
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By William Maley Staff Writer - CheersandGears.com May 5, 2013 With the problems that Fisker Automotive is currently going through, one of companies that is somewhat effected is VL Productions? How so? Well, VL Productions showed off a vehicle called the Destino at the Detroit Auto Show this year that used Fisker Karma as a starting point, rips out the plug-in hybrid powertrain, and slips in the supercharged 6.2L LS9 V8 from the Corvette ZR1. Planned to go into production sometime in third q
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Back in June, Ford and Volkswagen signed a Memorandum of Understanding for a new alliance that would focus on commercial vehicles. Since then, the two companies have been in discussions about it and there have been various rumors flying about. Yesterday, Volkswagen CEO Herbert Diess added some more fuel to the fire. Speaking to reporters outside of the White House, Diess revealed that the German automaker is interested in using Ford's plants in the U.S. to build vehicles. "We might use
This could be an interesting development
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Since Volkswagen and Ford announced a new partnership back in the summer, there have been rumors flying around if it could expand into other areas. The two said it would primarily focus commercial vehicles, but they were open to other opportunities. As we reported last week, the two are discussing the possibility of expanding into autonomous tech and electric vehicles. Recently, Volkswagen Group CEO Herbert Diess gave an interview to Automotive News. He reiterated that the focus of the part
This could make a number of people happy
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By William Maley Staff Writer - CheersandGears.com May 9, 2013 Another company that was a part of the $25 billion Advanced Technology Vehicle Manufacturing loan program has suspended operations. Vehicle Production Group or VPG Autos has suspended production of their wheelchair-accessible MV-1 van and laid off nearly all of its 100 employees back in February. This news is only coming to light this week thanks to comments by former VPG Autos CEO John Walsh to USA Today. Walsh explained that VP
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William Maley Staff Writer - CheersandGears.com December 3, 2012 Fisker would like to forget 2012 if possible. The year hasn't been good to the company with recalls, production delays, fires, delays on the new Atlantic, U.S. Department of Energy freezing a loan, and their sole supplier of batteries filling for bankruptcy. In a interview with TheDetroitBureau.com, founder and Chairman Henrik Fisker said that his company is "actively engaged in conversations with potential strategic partners."
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William Maley Editor/Reporter - CheersandGears.com January 26, 2012 Volvo is searching for a new partner to develop new small cars. CEO Stefan Jacoby told the Financial Times the company is open to any partners to help in development of compact models in an effort to drive down production costs. "We are open for partners. We are open for collaboration in a win-win situation for sharing platforms, for sharing engines, and for a general higher scale of economics," Jacoby said. Jacoby added th
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A number of companies that are working on autonomous driving systems are implementing features that require a driver to take control in hairy situations. But Waymo, the self-driving unit of Alphabet (Google's parent company) recently revealed they have stopped developing these features. The reason is simple, drivers lacked the awareness to take over driving. Waymo's CEO John Krafcik told reporters yesterday the decision to scrap this technology comes down to experiments done back in 2013 wi
Experiments showed people were too distracted to perform this task
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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.
And automakers don't know where the breaking point is
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William Maley Staff Writer - CheersandGears.com September 4, 2012 With Saab officially bankrupt and its assets sold off, owners of Saab vehicles are now wondering where they should go for their next vehicle. Polk recently released a new study which looked at what former Saab owners now own. The study uses the Polk Disposal Loyalty Methodology, which looks what owners are selling whenever a new car is bought. The study found that Saab owners are moving to a wide variety of manufacturers. Hon
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Most buyers don't tend to think of resale value until it comes time to sell their vehicle. But which models keep their value and which ones don't? iSeeCars.com recently published a study that looked into more than 4.3 million new and used car sales to determine which models lowest and highest loss in value after a five-year time frame. What vehicles had the lowest depreciation? According to iSeeCars, that would be SUVs and trucks. Taking the number one spot was the Jeep Wrangler Unlimited w
We'll give you a clue: What types of vehicles are flying off dealer lots?
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The CEOs of Detroit's three automakers met with President Donald Trump this morning to talk about investments. Specifically, investments into U.S. manufacturing. "We have a very big push on to have auto plants and other plants -- many other plants," Trump told reporters at the meeting. “We’re going to make the process much more simple for the oil companies and everybody else that wants to do business in the United States.” During the meeting, Trump told the CEOs that he plans on cutti
What did the three Detroit automakers talk about with the new president?
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In 2016, nine brands sold 20 diesel models in the U.S. But in light of the Volkswagen diesel emission scandal, a number from Volkswagen, Audi, and Porsche have been sidelined. But there are diesel models from GM, FCA, BMW, Mercedes-Benz, Jaguar, and Land Rover still being offered. But the only 2017 models you can buy at the moment are from Jaguar and Land Rover. Where are the rest? In limbo thanks to a new battery of tests being doing by the EPA. Automotive News reports that since last Octo
Where are the 2017 diesel vehicles? Ask the EPA.
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William Maley Editor/Reporter - CheersandGears.com January 6, 2012 The National Highway Traffic Safety Administration today released their numbers of recalls done by automakers in 2011. The total for 2011 stands at 15.5 million vehicles and 593 recall campaigns. The numbers are less than 2010 totals of 20.1 million vehicles and 648 campaigns. Honda was the top automaker in recalls with 3.9 million vehicles recalled during 2011. Honda initially disputed the number put out by NHTSA, but later
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Earlier this week, the Environmental Protection Agency announced that it would be rolling back the fuel-efficiency regulations that were approved during the Obama administration. The agency also announced possibly revoking California's waiver that allows it to set tougher standards on vehicle emissions. The state vowed to fight this. But a new report from the New York Times says California and officials from the Trump administration are in talks about possibly reaching a deal to avoid a legal fi
Trying to avoid legal trouble
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William Maley Editor/Reporter - CheersandGears.com March 14, 2012 Back in 2008, then Presidential candidate Barack Obama made a pledge to have a million electric vehicles on the nation’s roadways by 2015. Obama reiterated that pledge during his 2011 State of Union address. But a new report from the White House called the “One Year Progress Report” of the President’s “Blueprint For A Secure Energy Agenda” shows the goal won't be reached. President Obama stated last year that “with more resea
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Sales of new cars in the U.S. have been dropping in the past three months and analysts believe April's sales results will be much the same. But why are sales falling? It comes down to prices of new cars going up and up. According to data from ALG True Car, the average new-car price rose two percent when compared to last year. Kelly Blue Book reports that the average transaction price in March increased 1.7 percent to $34,342 when compared to the same time last year. There are a number of fa
It's the prices stupid
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America. The land of opportunity. Various automakers around the world want to get in on this very lucrative marketplace. But as Automotive News notes, trying to break into the U.S. marketplace is close to mission impossible. Automakers who don't compete in the U.S. see numbers like "16-million-plus sales volume of new cars and trucks" and "average transaction price of $30,665, according to J.D. Power" and want a piece of this. But the U.S. is an unforgiving place. "People around the wo
America is a difficult place to break in for automakers. So why do a number still want to try?
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Yesterday, President Donald Trump announced a new round of tariffs on about $200 billion in Chinese goods beginning next Monday. The tariffs are set at 10 percent and could rise to 25 percent in January if the Chinese government refuses to offer concessions. Today, the Chinese government announced that it would take retaliatory action by placing tariffs on $60 billion of U.S. goods. This is bad news for automakers as the Detroit Free Reports that more than 100 car parts - ranging from tires
Increased tariffs on car parts are to blame
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Yesterday, President Donald Trump announced that he had reached an agreement with Japanese Prime Minister Shinzo Abe to open trade talks between the two nations. Previously, the president had threatened a 25 percent tariff on cars to reduce imports and encourage more production in the U.S. The two agree that the "sanctions on auto exports won’t be applied while the talks take place." A key topic of talks will likely be giving better access to U.S. cars to be sold in Japan, something Preside
Its all about that perception
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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
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By William Maley Staff Writer - CheersandGears.com March 25, 2013 For a time, young buyers that wanted a vehicle ventured towards the Japanese brand since they offered the features and content they were looking for. Now the tide is changing with younger buyers going towards American and Korean brands. Bloomberg gathered data from Edmunds and R.L. Polk which showed American automakers increased their share of retail registrations by 1.9% with 18 to 24 year olds and 1.5% with 25 to 34 year old
