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Just as if the problems with the production haults at the Japanese plants were not enough, Toyota Motor Corp. notes a global sales decline in the first quarter of this year. Toyota's sales results fell behind Volkswagen AG's, and this disrupted the Japanese automaker's four-year reign atop vehicle industry sales charts. In the January-to-March period Toyota's worldwide deliveries dropped 2.3% to 2.46 million vehicles. In the same time Volkswagen deliveries rose 0.8% to 2.5 million. In the context of Japan's recent most devastating e...
Fiat Chrysler announced it will recall more than 1.1 million SUVs and sedans worldwide. The recall affects an estimated 811,586 2014-15 Jeep Grand Cherokees and 2012-14 Dodge Charger and Chrysler 300 sedans in the United States. It also includes 52,144 of the vehicles in Canada, 16,805 in Mexico and 248,667 outside North America.The vehicles that will be recalled by FCA are mainly SUVs and sedans with European-style electronic shifters, that came to company's attention after an investigation by the automaker and the National Highway Traffic Safety Administration. It was...
Nissan is the next one to recall their new cars after Toyota. The Company is recalling 12,616 cars, Muranos that were manufactured between December 17, 2015 and February 11, 2016 and Maximas from November 25, 2015 to February 12, 2016. The problem of the cars is a probably damaged O-ring, that might bring to a brake fluid pressure, and affect ABS and dynamic control activation. There are no reports about injuries, or deaths triggered by Muranos or Maximas. Nissan's staff found out about the problem during a routine inspection on vehicles at Smyrna, Tn. ...
Leasing has surged as a share of new-vehicle transactions to impressive indexes in the fourth quarter of 2015, this being caused mainly by captive finance companies seeking to boost sales by keeping customers' monthly payments low. Leasing has been fairly rare in the used-vehicle market, but its share is growing. In such a way more and more lenders are offering leases on used and certified preowned vehicles.This strategy is meant to cope with an industrywide flood of 3.1 million off-lease vehicles returning to the market this year. The number of off-lease vehi...
Company mergers in the modern automotive industry has become a common practice. More and more specialists declare that the auto industry should consolidate further to cope with rising development costs. As thus, Fiat Chrysler Automobiles Chairman John Elkann renewed a push to merge the company with one of the auto industry’s “big guys”, saying savings could top $10 billion a year.Even with developments like car sharing and self-driving vehicles, Fiat Chrysler’s major competitors should consider the potential benefits of a merger because the bulk of their ...
