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Ford decided not to go for the nine-speed transmission offered by General Motors. The company opted for 2 new eight-speed transmissions on vehicles such as the Ford Edge, Ford Transit Connect and Lincoln Nautilus. The first of those is based off the nine-speed, dropping one of the gears. The second eight-speed, for higher-performance vehicles such as the upcoming Edge ST and V-6 version of the Nautilus, adapts a six-speed that was co-developed with GM as part of a 2002 tie-up. A third eight-speed is expected for smaller, lower-torque vehicles. Ford Motor Co. agre...
In the first quarter of 2018 new car sales grew by 12.6 percent over the last year as high consumer confidence and low unemployment favored Houston dealerships. Local car dealers sold 22.278 new cars in March, which is more by 6.4 percent over the last year. However, the average price for a new vehicle fell for the second month in a row to $37,217, which is less by $554 or 1.5 percent. Prices fell in all car categories, cars, trucks, and SUVs. Average prices fell because the market share for trucks and SUVs has fallen. Since SUVs and trucks cost more than sedans, a loss in market sh...
New car registration figures for March reveal a sharp drop in sales. The number of sales is 15.7 percent lower compared to the same month last year. A big part of that fall is due to bumper sales in March 2017, as drivers flooded the dealers to beat the then-new road tax system. The old tax model based on carbon dioxide was favorable to diesel cars. That’s because diesel-powered cars emit lesser CO2 than their petrol counterparts. That explains in a way diesel’s decline, with a 37.2 percent fall in sales last month, compared to a fall of 23,5 percent in February.&nb...
General Motors Co and Fiat Chrysler Automobiles, both posted sales gains in new vehicles in March. The luckiest this month is GM, the company revealed a 16% jump in new car sales compared to the same month last year. Fiat Chrysler reported a 14% increase in sales in March. FCA said it saw a 45% spike in sales of its popular Jeep models, giving the brand its best sales month on record. The strong results for March followed a weak performance in February. Last year, U.S. auto sales fell 2 percent after hitting a record high of 17.55 million units in 2016. Sales are expected ...
Very soon the new rules under the reworked NAFTA will be introduced. According to the sources, the North American Free Trade Agreement stipulates that a certain amount of automotive production must be carried out in areas paying higher salaries. Setting such wage requirements for the auto industry under the North American Free Trade Agreement could benefit the United States and Canada, whose unions say that lower Mexican pay has caused a drift in manufacturing capacity to Mexico. The U.S. plan aims to explore what percentage of output could be in areas paying higher salaries, and at...
