| Chrysler takes a jab at Tesla |
May 23rd, 2013 |
Sergio Marchionne, left, the CEO of Chrysler Group and Fiat, isn't happy by the claim of Tesla CEO Elon Musk that Tesla is the first automaker to repay all of its ...
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| Pickup truck surge is powering strong May auto sales |
May 23rd, 2013 |
A Ford Motor Co. plant in Claycomo, Mo., that produces F-150 pickup trucks is bustling this month. Strong pickup sales are behind a May surge for auto ...
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| Fitch Losses Dip Three Straight Months for U.S. Auto ABS |
May 23rd, 2013 |
Fitch: Sub-Saharan Africa Has Gradual Upgrade Potential Fitch Ratings says in a newly-published report that targeted reforms and policy initiatives could see Sub-Saharan Africa's (SSA) sub-investment grade ratings gradually upgraded, despite per capita income falling well short of peers. The challenge for Africa from a rating perspective is the low level of GDP per capita - most SSA ...
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| Major Nissan recall over steering wheel glitch |
May 23rd, 2013 |
Nissan has issued a recall for more than 840,000 vehicles worldwide. They are the Micra, which is known as the March in some markets, and their Cube model. The problem is a bolt used in the steering wheel which may not have been properly tightened. The recalls are in Japan, Europe, Asia, Oceania, Africa, LatinAmerica and the Middle East. The Micras were produced in Britain and Japan between ...
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| 2014 Chevrolet Spark EV Starts Under $20K After Federal Tax Credit |
May 23rd, 2013 |
, whose 21-kilowatt-hour battery enables 82 miles of travel when fully charged, will start as low as $19,995, including an $810 destination charge and the maximum $7,500 federal tax credit. That undercuts ...
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| Ally will pay $2.1 billion to resolve ResCap claims |
May 23rd, 2013 |
Washington Ally Financial Inc. said Thursday it will pay $2.1 billion to resolve claims from creditors of its bankrupt mortgage unit, a move that should help the U.S. Treasury begin its exit. The Detroit-based auto lender said last week it had reached a deal for its troubled mortgage unit Residential Capital LLC to complete its bankruptcy restructuring. ...
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| Ramona High wins 2013 FordAAA auto skills competition |
May 23rd, 2013 |
Two students from Ramona High beat 36 other students to win the California 2013 Ford/AAA Student Auto Skills Competition. Left to right, Ramona High instructor Mike Saavedra with Tyler Pavlick and Nicolas ...
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| MWR cars bring awareness to storm victims |
May 23rd, 2013 |
CONCORD, N.C. -; NASCAR's Michael Waltrip hopes to bring attention to the needs of those affected by the Oklahoma tornadoes at the Coca-Cola 600 this ...
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| AAA to Cut Auto Insurance Rates |
May 23rd, 2013 |
About 1 million customers of the Automobile Club of Southern California will get an average $65 reduction in their annual car insurance bills, the auto club and the state Insurance Department announced. The total rate cut for all motorists came to $70 million, or 4.1%, for policies that start or renew after July 1. It was the fourth such reduction in the last nine years that collectively ...
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| UPDATE 1-U.S. new car sales seen up 6-8 pct in May -analysts |
May 23rd, 2013 |
Thu May 23, 2013 12:17pm EDT DETROIT May 23 (Reuters) - U.S. auto sales in May are expected to rise 6 percent to 8 percent and the annual sales pace should rebound back above 15 million vehicles after a disappointing result in the prior month, two research reports said on Thursday. Sales of new cars and trucks in May are expected to top 1.43 million vehicles, while the annual sales pace is ...
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