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Strong US and China car sales and a drop in costs for the faulty ignitions recall helped General Motors double profits in the third quarter. The sales in the two biggest GM markets helped the company offset ongoing slumps in Europe, South America and elsewhere. With unit sales up 3.8% from a year ago to 2.42 million cars and trucks in the quarter, helped by a 17.3% jump in China. The company meanwhile warned that its hopes for a return to stability in Europe were at risk to fallout from Britain's vote to pull out of the European Union, including the weak pound. Breaking eve...
Toyota Motor Corp.’s Lexus and Toyota brands held their lead atop Consumer Reports’ annual reliability rankings, while General Motors Co.’s 117-year-old Buick line became the first from the U.S. to win one of the list’s top three places. The survey, a buying bible to car shoppers that has been dominated by Japanese automakers, has more international representation this year. As other automakers catch up to Japan’s manufacturers, both Subaru and Honda tumbled from the top group of “more reliable” brands, with Honda’s Civic compact car losing its l...
Honda CEO Takahiro Hachigo expects his company's U.S. sales to grow next year even as the market flattens, putting more pressure on North American production capacity that already is stretched to the limit. As a remedy, he soon may fire up Honda's Japan export engine. In an interview Hachigo said a blitz of key redesigns, starting this fall with the redesigned CR-V and continuing with updates to the Odyssey and Accord, will intensify the capacity problem. Takahiro Hachigo said that if they reach 1.7 million U.S. sales this year, then they will probably add on top of that nex...
Hyundai is recalling 62,811 Sonata and Sonata Hybrid cars in the United States because the panoramic glass sunroof can detach while driving and fly into traffic. The recall covers model year 2015-2016 Sonata Hybrid vehicles manufactured Dec. 8, 2014, to Aug. 18, 2015, and Hyundai Sonata vehicles manufactured May 28, 2014, to March 18, 2016, equipped with the panoramic sunroof option. According to recall documents filed with the National Highway Traffic Safety Administration (NHTSA), there is a problem with the bonding of the wind deflector anchor plate in front of the sunroof. A loo...
Tesla Motors Inc. said buyers who place new orders for Model 3 vehicles can expect to begin receiving deliveries as soon as mid-2018, with production starting as scheduled late next year. To dispel any misunderstandings with customers who’ve placed pre-order deposits and those considering, the automaker announced it wants to clarify timing for the long-anticipated electric car. The Model 3, which is slated to begin at $35,000 before government incentives, is the key to Tesla’s plan to create a larger market for EVs. The company first unveiled the Model 3 at an event at ...
