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It looks like 2016 U.S. auto sales may set a new record after all, by the thinnest of margins. On Wednesday, Jan 4. automakers will finally reveal their December auto sales and the sales for the full year. Specialists predicted 2016 sales would fall short of last year’s record by about 0.1 percent. Either way, call it flat, statistically. Still, that’s better than forecasters expected a few months ago. Analysts began 2016 with high hopes for another record, but toned down their expectations halfway into the year, because of cooler consumer demand and rising sticker price...
The EPA yesterday told an automaker lobbyist group that it will not extend the deadline for a review of strict fuel economy standards through the 2025 vehicle model year, indicating the agency will push ahead with a plan to make the rules final before the Obama administration leaves office Jan. 20. Acting EPA Assistant Administrator Janet McCabe informed the Alliance of Automobile Manufacturers, which includes most major automakers in the U.S. market. The auto manufacturers group had also requested that the EPA withdraw its plans to finalize the new standards. The denial of the aut...
We all know how the auto industry has changed under Obama's administration, new regulations and policies intended yo increase fuel economy, improve safety and add jobs. Now that Donald Trump was elected as the new president the car industry is gonna face a wholesale makeover. Perhaps no industry could be affected in more ways by the new administration than the auto business. The changes under the Trump administration could include possible tariffs that will raise prices on imported vehicles and parts, fewer subsidies for electric cars and policies that discourage automakers from...
Global car sales have a big chance to set another record year. This extends gains to a seventh consecutive annual record and surpasses the previous upcycle which lasted six years. Purchases will be buoyed by improving labour markets at the fastest pace since early 2007 and a bottoming in purchases across emerging markets. Economic growth in developing countries is expected to pick up for the first time since 2010, helping reverse last year's slide in car sales which was driven by sharp contractions in both Russia and Brazil. Low gasoline prices, improving household balance sheet...
A U.S. judge in New Jersey on Tuesday threw out a proposed class action lawsuit alleging that Mercedes misled consumers about emissions standards in "BlueTec Clean Diesel" vehicles. Plaintiffs claimed Mercedes falsely advertised the BlueTec vehicles as having lower emissions. They said that they later found that the emissions were higher than U.S. standards permitted. The judge said the plaintiffs failed to show they actually viewed any of Mercedes' advertisements touting the cleaner technology. He gave them leave to revise their complaint. Automakers that market diese...
