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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...
Honda Motor Co. plans to broaden the Clarity nameplate to two more alternative-fuel vehicles, considering that green cars building is a priority direction in its future activity.The Clarity hydrogen fuel-cell hatchback set to go on sale late this year will be followed by an all-electric Clarity next year. A third model, a Clarity plug-in hybrid, will be launched later in 2017. The three Clarity models will all share the same front-wheel-drive platform and five-seat, hatchback layout. Styling between the versions will vary slightly. Honda expects the Clarity plug-in hyb...
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 ...
Tesla Motors announced it faces a shortage of U.S. tax credits for the Model 3, its first mass-market electric vehicle. It was said that, in the first week of orders, 325,000 people had placed refundable $1,000 deposits on the Model 3, a sedan starting at $35,000 with a range of 215 miles and up.As the company has struggled in the past to deliver products on time, some say that the announced crisis is an apparent one, seeing in this announcement a clever production strategy to squeeze more money out of the program for its buyers. Because of a limit on the number of Tesla cu...
