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Specialists forecast that 1,629,011 new cars and trucks will be sold in the U.S. in December, while the month is already over, we still don't know the results. This reflects an 18.5% increase from November 2016, but a 0.3 percent decrease from December 2015. Based on this forecast, they project a new annual record of 17,480,294 new cars and trucks will be sold in the U.S. in 2016. This would squeak past 2015’s record car sales by the slight margin of 0.03 percent – or less than 5,000 units. One trend running in the industry’s favor for a record-setting 2016 is ...
Japan's Takata, maker of defective air bags that have been linked to 11 U.S. deaths, could settle criminal charges with the U.S. Department of Justice before the Obama administration leaves office next month. Part of a settlement would include Takata pleading guilty to criminal misconduct. The Justice Department has investigated whether Takata hid information from safety regulators and issued misleading statements about the dangers posed by the air bags. Any deal would likely include a monitor to ensure Takata's compliance with the agreement. The Wall Street Journal, citing ...
While U.S. auto sales are likely to set a record before 2016 draws to a close as it beats last year's mark of 17.5 million new cars and trucks, 2017 probably won't fare as well. In fact, it may surprise many people as Ford, Fiat Chrysler Automobiles and General Motors are already closing production plants. Although last year's record will be broken, there's already a decrease in sales this December and forecasts say that the trend will continue throughout 2017. Apparently the three largest manufacturers in the country, Ford, General Motors and FCA, are already gettin...
Plastics have seen increased opportunities to get onto North American-made cars and trucks as automakers work to improve their fleets’ fuel economy. But the real growth lies ahead, when the need to reduce mass from today’s cars climbs to 15 percent and higher. In a new study, the Center for Automotive Research in Ann Arbor surveyed exactly what went into 44 different 2015 model year cars, then asked what materials carmakers would turn to if they need to cut 5 percent, 10 percent and finally 15 percent of the weight out of key parts. Jay Baron, CEO of the research group,...
Automakers are on pace to build more new cars and light trucks in 2016 than in any other year, but efforts to reduce bloated inventories next year could lead to North America's first production decline since the Great Recession. Record car sales paces in the U.S., Canada and Mexico have kept plants busy. About 15 North American plants reportedly were running overtime through last week, nearly four times as many as the same period a year ago. Most of those plants build trucks. But automakers are already preparing for a production reckoning in 2017. Ford Motor Co., General Motors ...
