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FCA is on its way to recall more than 1.25 million pickups worldwide for a software error linked to reports of crash death and 2 injuries. This erroneous code could temporarily disable the side airbag and deployment seat of belt pretensioners- which reduce seat belt slack during impacts during a vehicle rollover spurred by a significant underbody impact, such as striking onroad debris or driving off-road. The company will reprogram computer modules in the affected vehicles to address this error. An FCA spokesman said the likelihood of an incident was very low because a sequence...
We knew that when automakers will reveal their April car sales the results will be disappointing, but we had no idea the sales will be this low. The auto industry might be receding from its breakneck pace, which means the chances of getting a third consecutive year with positive results are not so high. Overall, the industry reported a 4.7% sales decline to 1.43 million units. General Motors, Ford, Fiat Chrysler and Nissan each reported deeper-than-expected sales declines for the month. Toyota narrowly edged expectations, but it still recorded a 4.4% decline for the month, compared ...
Another year-over-year decline in the automotive industry. This April wasn’t that successful as automakers and dealerships wanted them to be, and this is why we have such low car sales predictions. Declines will be broad-based, with General Motors, Ford, Fiat Chrysler and all other major automakers expected to report lower sales. Meanwhile, Tesla shares soared to a record high Monday ahead of the electric vehicle maker's earnings Wednesday. April auto sales will likely come in at a seasonally adjusted annual rate of 17.1 million, down 1% vs. a year earlier. But that would ...
We’ve got for you a new forecast, and we are afraid it’s not a positive one. Expect the new car sales in U.S. to drop 3.1% in April to 1.445M units. Sales for mid-size SUVs/crossovers are expected to be 8%, while compact and small car sales are seen falling. Mid-size SUVs appear to have the largest impact in swaying consumers from buying mid-size cars and minivans, both of which are down 20 percent this year. The 2017 calls for U.S. auto sales might be approximately in the range of 16.8M to 17.3M units, which represents a 1% to 4% decline from last year. ...
Yesterday car dealers added to concerns about the state of the U.S. auto industry and how tough any downturn might be if its six-year recovery has ended. In a conference call with media and analysts, officials of the National Automobile Dealers Association said they expected sales of cars and light trucks in the United States to dip to 17.1 million vehicles this year, high by historical standards but below 2016's record 17.55 million vehicles. Investors are also watching rising interest rates, inventories of unsold vehicles and the generosity of profit-eroding discounts that aut...
