Electric cars continue to be an inscrutable market segment. No company is making money on them, yet carmakers – and now non-carmakers – continue to invest in them.
The US auto industry ended 2014 with a 6 percent sales increase and a seasonally adjusted annual sales rate just shy of 17 million units, the best since 2006.
While the US auto industry is flying high at sales levels not seen since 2003, recalls for potentially fatal faulty parts are at an all-time high.
Attorney Kenneth Feinberg, who was hired by GM to compensate victims, updated the totals Monday.
Chrysler sales rise 20 percent. GM sales up 6 percent. Ford sales drop 2 percent.
At least 36 people have died and 44 have been seriously injured in crashes involving General Motors cars with defective ignition switches.
Raytheon Professional Services provided this first-of-its-kind training at Fort Hood, teaching the same curriculum that every dealership’s GM-certified automotive technician receives.
For the owners of 189,000 General Motors SUVs, the days of parking them outside the garage for fear that they could catch fire will soon come to an end.
Falling gas prices and consumer confidence in an improving economy are fueling robust growth in the US auto sector.
“I want it understood that they day of GM being a polite competitor is over,” Barra tells the Detroit Economic Club.
The automaker posted a net profit of $1.38 billion, or 81 cents per share, from July through September.
Despite the heavy publicity surrounding the scandal, many drivers evidently haven’t heard of the recall or haven’t grasped how serious the defect is…
Posting a 9.4 percent September increase, the US continues to lead the global auto marketplace.
The biggest of the new recalls covers just over 430,000 Cadillac SRX and Saab 9-4X SUVs, mainly in North America. The company says some rear suspension nuts may not have been tightened properly. That could cause the toe link adjuster to separate from the suspension, possibly causing a crash.
The recalls involve the Cadillac SRX and Saab 9-4X, as well as the Chevrolet Spark.