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Strong U.S. consumer spending might lose a pillar of support. Auto sales have been a bright spot for overall U.S. retail sales of late, mostly holding up in good months and bad. Even in July, when retail sales missed expectations, sales at autos and parts dealers rose. But disappointing auto-industry figures unveiled earlier this month are a concern. And it is the auto dealers that might go from positive catalyst to deterrent in Thursday’s retail-sales report, one of the final major economic data points the Federal Reserve will consider before its highly anticipated policy mee...
It's absolutely clear to everyone now that the U.S. auto sales begin to ebb, that is the main reason why the American auto giant General Motors is eyeing growth in China as an even more crucial component of its business. GM auto sales in China through the first eight months of the year jumped 8.1% to 2.38 million, compared with a 4.2% drop to 1.96 million in the U.S.. That included 293,537 autos sold in August, a monthly record and up 18% from the year-ago period. The president of GM China has admitted that this growth was expected by the company, and this year has really been r...
It has been officially announced that Nissan has recalled approximately 134,000 2016-2017 Maxima sedans, 2015-2017 Murano crossovers, and 2015-2016 Murano Hybrids due to the potential of a fire. Only models equipped with Intelligent Cruise Control are affected by this recall. The problem is that the Intelligent Cruise Control features an anti-lock brake actuator pump that may allow brake fluid to leak onto an internal electrical circuit board. If that happens, it could result in an underhood fire. Nissan says no injuries or fatalities have been reported as a result of this problem, ...
Among all the vehicles offered by Ford Motor, the F-Series pickup truck has a special place in the auto market. In August 2016, nearly 67 thousand units of F-Series pickups were sold, with a YoY (year-over-year) decline of 6.1%. The F-150 is the heavy-duty, full-size pickup truck in the series. The F-150 line of trucks has been the best-selling vehicle in the United States for more than three decades now. This shows the company’s strength in maintaining its leadership in the US auto market (FXD). The significance of these pickup trucks is also immense for Ford, as pickup truck...
After GM finally admitted that 3.64 million vehicles in the U.S. are equipped with airbags, which could possibly not deploy, a large recall of it has started. People are afraid of crashes which might happen with anyone, and in a critical moment the airbags which need to deploy, won't. General Motors was forced to announce a recall of numerous 2014-17 models, on which the issue needs to get fixed, because it could also disable seatbelt pretensioners. Of course, there are still some circumstances which remain as a mystery to us, for example why they have found out about the proble...
