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Plastics have seen increased opportunities to get onto North American-made cars and trucks as automakers work to improve their fleets’ fuel economy. But the real growth lies ahead, when the need to reduce mass from today’s cars climbs to 15 percent and higher. In a new study, the Center for Automotive Research in Ann Arbor surveyed exactly what went into 44 different 2015 model year cars, then asked what materials carmakers would turn to if they need to cut 5 percent, 10 percent and finally 15 percent of the weight out of key parts. Jay Baron, CEO of the research group,...
Not even a week has passed since Uber introduced a fleet of self-driving Volvo XC90s to the streets of San Francisco, all in defiance of California regulators telling Uber to stop. Since then, the autonomous Volvos have been seen running red lights, ignoring stop signs, and failing to yield to pedestrians, obviously all dangerous and illegal moves. It seems there is one more problem to add to that list, as Uber has admitted to The Guardian that its vehicles have problems navigating through bike lanes. Like with the other incidents, there have been first-hand reports of Uber's Vo...
The car sales in November increased only a bit, which isn't a good sign specialists say. Retail sales rose only 0.1 percent in November, after a downwardly-revised 0.6 percent growth in October. Consumers bumped up their purchases at restaurants and furnishers last month. But they also trimmed spending at auto dealers and department stores, limiting the overall advance in retail sales. More Americans had seemed to enter the holiday season poised to shop. The improving job market has pushed unemployment down to 4.6 percent and prompted signs of accelerating wage growth. Over the ...
The US car buyers are showing signs of fatigue, raising concerns over the broader outlook for consumer spending—a key engine of U.S. Growth. Sales of light vehicles in the U.S. have increased for six straight years, touching a record 17.5 million units in 2015, and are potentially on track for another record this year. But sales now appear to have plateaued, leading to a buildup of inventory and a return to discounting—something auto makers swore off when emerging from the recession. Dealership sales, measured in dollars, fell a seasonally adjusted 0.5% in November 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...
