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Even though the shares of US car retailers rose this September, analysts predict that longer-term concerns over the threat of eccomerce and weak demand in the sector remain. O’Reilly Automotive rose on Monday, up 2.7 per cent to $215.15. It outperformed the broad S&P 500 index which weakened 0.2 per cent to 2,496. The Dow Jones Industrial Average also traded down 0.2 per cent at 22,296 on Monday in New York, while the Nasdaq Composite shed 0.9 per cent to 6,370. Genuine Parts, which distributes replacement car parts, saw the biggest gains of any stock in the S&P 500 on Monday, ri...
Audi of America reported an August sales increase of 2.8 percent to 19,811 deliveries. The Q7 and the new Q5 and A5 Sportback helped drive consumer demand. August was the 80th consecutive record sales month for Audi of America. The previous August record was set last year with 19,264 deliveries. Through August, Audi has now sold 141,606 vehicles in the U.S. this year. Deliveries of the new Q5 rose to 4,767 and have now risen 11 percent for the year. Q7 sales rose 35 percent over last August to 3,174 and have risen 20 percent year-to-date. Through August, Audi SUV sales have risen 12...
Chevrolet Bolt EV continued a steady sales rise last month as it solidified its position among the top three plug-in electric cars for which monthly U.S. sales are reported. The Chevrolet Bolt EV continued a steady sales rise last month as it solidified its position among the top three plug-in electric cars for which monthly U.S. sales are reported. In August, Chevy delivered 2,107 Bolt EVs, the first time the car had sold more than 2,000 units in a month after entering the market in mid-December last year. Close behind was the Toyota Prius Prime plug-in hybrid, at 1...
Lane departure warning and blind spot detection systems can significantly prevent crashes if consumers use the features, according to two new studies by the Insurance Institute for Highway Safety. Single-vehicle, sideswipe and head-on crashes are reduced 11 percent if the vehicle is outfitted with lane departure warning systems, IIHS found. The rate of injury-inducing crashes decreases 21 percent with the technology. The lane departure warning study included crashed General Motors, Honda, Mazda, Mercedes-Benz, Subaru and Volvo vehicles produced between 2009 and 2015. The study looke...
Workers from two Chicago plants have sued Ford Motor Co. for sexual and racial harassment. After an investigation made by the U.S. Equal Employment Opportunity Commission the company agreed to pay $10.1 million to settle the scandal. The investigation yielded reasonable cause that personnel at the Chicago Assembly Plant and the Chicago Stamping Plant had subjected African-American and female employees to racial and sexual harassment -- violating Title VII of the Civil Rights Act of 1964. The agency also said the company retaliated against employees who complained about harassment or discr...
