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Considering the growth in auto industry has slowed down in 2016, and U.S. sales for General Motors and Ford were down 5.2% and 8.4% in August, comparing to the same month last year, the car companies aren’t accepting the downturn passively: to juice sales in September, incentive spending is at the highest levels ever. Automakers have been trying to boost sales by increasing incentives significantly. The average incentive in September is at a record high of $3,923 per unit. The beats the previous peak of $3,753 in December 2008- back when the Great Recession was kicking into fu...
Several models of the Tesla S cars were hacked by researchers who were able to abruptly stop the car in its tracks, pop open the trunk while the car was being driven, and remotely turn on and off the windshield wipers. Tesla Motors Inc. announced that it released a software update to fix bugs that allowed Chinese "white-hat hackers" to remotely break into the Model S' control system and disrupt actions including turn signals, seat positions, displays and the door lock system. Cyber-security researchers from Keen Security Lab, a unit of China’s Tencent Holdings Lt...
This is not the first time when Tesla Motors is blocked from selling its electric cars directly to customers in Michigan. Over the past couple of years, Tesla has been engaged in a battle with Michigan's franchised car dealers who – like dealers in several other states – view Tesla's direct-sales model as a threat. Most recently, Tesla submitted an application for a Michigan dealership license. That application was denied by the Michigan government after a hearing earlier this month. This indicates that the home state of Ford, General Motors, and Fiat Chrysler Au...
Fiat Chrysler Automobiles said it is recalling 1.9 million vehicles worldwide for an airbag defect that is linked to three deaths and five injuries. The aim of this recall is to resolve a defect that may prevent deployment of airbags and seat-belt pretensioners in some crashes. The recall includes models sold between 2010 and 2014, including the Chrysler Sebring, 200, Dodge Caliber, Avenger, Jeep Patriot and Compass SUVs. The data shows that about 1.4 million of the vehicles covered by the recall are in the U.S. Another 142,959 units are in Canada. The recall is the latest in a seri...
This August the U.S. auto industry has posted a decline for the last month of the season, ending summer on a gloomy note. The customer demand has become to soften and that is why we have been expecting for such results. Even , which is of course a b ad sign for the automotive industry, since they are the top three automakers in U.S.. Because of this, we have lost the chance on setting a new year-to-year record sales. Almost all the carmakers missed estimates, as the long six years’ growth for the industry appeared to have come to a halt in August. Overall industry sales ...
