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To clear out bulging inventories of unsold cars and dispel investor doubts about consumer demand, automakers in the United States are ramping up holiday sales promotions ahead of Black Friday. Detroit automakers need a strong year-end sales push. They are sitting on hefty inventories of unsold sedans, compact cars and sports cars as consumers shift to pickup trucks and SUVs. The share prices of General Motors, Ford Motor, and Fiat Chrysler Automobiles NV are flat to down for the year. This reflects investor concerns that a six-year auto sales boom in the United States is reaching an end and th...
More than 71,700 models of Kia Sportage crossovers from U.S. were recalled by Kia Motors America. The affected crossovers are from the 2008 and 2009 model years and were assembled between Aug. 9, 2007, and May 13, 2009. The cover on the Sportage’s braking control unit might not be sealed properly, Kia said in documents filed with the National Highway Traffic Safety Administration. Should the water be mixed with road salt, as could be the case with melted snow, a wire harness connector could corrode, potentially leading to a short circuit and fire, Kia said. The automaker &ldqu...
It seems like Chevrolet Bolt EV, Tesla Model 3 and electric vehicles in general face a radically new regulatory and political playing field as a professed climate change skeptic prepares to occupy the White House. Trump's administration has been short on policy specifics. But just two days after the election, automakers' chief lobbying group, the Alliance of Automobile Manufacturers, urged the Trump transition team to revise not only the fuel economy standards, but also the Obama administration's autonomous vehicle standards, on the grounds that they could cost its membe...
Even though GM introduced its new Chevrolet Cruze to the market, the inventories have swelled as more buyers choose SUVs. General Motors said last week that it's planning to cut third shifts at two U.S. car factories. The car models in question, the Cadillac ATS and CTS, and Chevrolet Cruze and Chevrolet Camaro, haven't been selling as quickly as GM would like, and inventories have risen sharply. That wasn't really a surprise. GM is far from the only automaker to see car sales slump as more and more buyers gravitate toward SUVs. But inventories of some of those mode...
Tesla Motors has approached the Utah Supreme Court to get approval to sell its electric vehicles directly to the public without a third-party dealership, the Salt Lake Tribune says. For the past year, legislators within the state have voted against allowing the California-based automaker to pursue its distribution model. The Utah Supreme Court is expected to take a few weeks to rule on the issue. By approaching the court, Tesla's making good on the intentions made by Tesla chief Elon Musk this summer. Earlier this year, Tesla and Utah were working towards a potential compromise ...
