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Volkswagen and Ford are in preliminary talks over an alliance to develop and produce products, most likely starting with commercial transporter vans. An announcement from Ford came after Volkswagen’s supervisory board gave its managers a green light to strike a deal with U.S.-based Ford. The goal is a partnership to share development and production costs. Preliminary talks have already started. Ford’s announcement said that the potential projects could span a number of areas, including commercial vans. Ford said that they look forward to exploring with the Volkswagen tea...
Consumers have a short memory when it comes to gas prices. When they go down, buyers rush out to trade their small, economical hatchback for a large, three-row SUV. That’s what happened in 2017 when gas prices dropped and small cars were traded into dealers on large cars and trucks. Now, oil prices are rising and Automotive News reports that people want their small cars back. But due to a lack of supply used prices are currently rising on small cars. Some analysts believe a seasonal uptick is responsible for the increased demand, while others point to industry decisions by maj...
Following news in March that the National Highway Traffic Safety Administration (NHTSA) was looking into reports of faulty airbags in cars made by Kia and its affiliate Hyundai, Kia has announced that it’s recalling more than half a million vehicles in the U.S. because of this issue. The NHTSA decided to investigate this matter after learning of six accidents in which four people died and six were injured. In each of the crashes, the airbags failed to deploy because of an apparent electronic glitch. Kia is recalling 507,000 vehicles, including 2010-2013 Kia Fortes, 2011-2013 K...
If president Donald Trump slaps a 25 percent tariff on imported cars, it may cost the U.S auto industry 1 million annual car sales, and that’s just the low end of the estimated damage. The projection by researcher LMC Automotive assumes that automakers would absorb at least half the cost of a tax on imported vehicles. If companies pass the full 25 percent cost on to consumers, it could snuff out about 2 million sales or more than 10 percent of annual U.S. deliveries. President’s order last month to investigate auto imports for potential trade penalties on national securi...
Volvo set out new ambitious targets for itself, saying it expects a third of all cars sold to be self-driving vehicles and half of all cars it offers to be available through its Care by Volvo subscription service, creating direct links to 5 million customers, all by the middle of the next decade. These business goals add to previously stated target that half of Volvo’s car sales will be pure electric vehicles by 2025. Volvo thinks that these initiatives will help it transform its connection to consumers and help it develop new connected services for consumers and generate prem...
