Auto Sector

Toyota plans to buy 13 million air-bag inflators from Kayaku Co

Toyota plans to buy 13 million air-bag inflators from Kayaku Co

Toyota Motor Corp’s newest effort to reduce its risk from potentially lethal air-bag inflators supplied by Takata Corp involves purchase of millions of them from smaller parts maker Kayaku Co.

The Japanese car maker talked to the second-tier supplier to boost production in a bid to supply more than 13 million inflators from next July until 2020. The move is a pragmatic approach, prompting more than 10 automakers to issue a recall of tens of millions of vehicles since 2008 to replace Takta air bags.

Eight deaths are believed to have resulted from Takata air-bag inflators and more than 100 injuries after exploding with excessive force, spraying shrapnel inside vehicles.

More extroverted variant to join the Rocket coupe

More extroverted variant to join the Rocket coupe

The gorgeous Galpin-Fisker Rocket was seen first at the 2014 Los Angeles auto show. Fisker has again made headlines about a new version of the Mustang coupe at the 2015 Pebble Beach Concours d’Elegance. It’s a swanky speedster version of the striking Mustang coupe.

The new Galpin-Fisker Rocket Speedster’s bones have a resemblance to a 2015 Ford Mustang. A four-seater convertible has a specially-crafted carbon fiber rear tonneau cover to convert it into a lithe two-seat roadster.

Henrik Fisker is famous for designing the Aston Martin DB9, Vantage V8, and the BMW Z8. Fisker decided to move to the new 2015 Ford Mustang and gave it a wide-body stance with coach-built quality and appearance.

Apple Working To Build Self-Driving Car

Apple Working To Build Self-Driving Car

The Guardian has learned that Apple is building a self-driving car in Silicon Valley. The multinational technology giant is looking for some secure locations in the San Francisco bay area to test the car.

In May, engineers from Apple’s secretive Special Project team met with officials from GoMentum Station, a 2,100-acre former naval base near San Francisco that is being turned into a high-security testing ground for autonomous vehicles.

In correspondence obtained by the Guardian under a public records act request, Apple engineer Frank Fearon wrote, “We would ... like to get an understanding of timing and availability for the space, and how we would need to coordinate around other parties who would be using [it].”

Massachusetts examines Uber and Lyft over disability access

Massachusetts examines Uber and Lyft over disability access

It has been reported that an examination has been launched by the Massachusetts attorney general’s office into catering of Uber and Lyft to people having disabilities. It could lead to more regulatory issues for the ride-hailing companies.

Both the companies have been accused of refusing service to the disabled people. The Massachusetts investigation could be for the first time, when a state attorney general is looking into the matter.

Contract Talks begin between GM and UAW

Contract Talks begin between GM and UAW

The four-year contract between the UAW and US automakers will end at midnight on September 14. Concerns have been raised over automakers increasing their investments in Mexico to take advantage of lower labor markets and Mexico's free trade deals with many other countries.

UAW President Dennis Williams refused to comment on the Ford's move, but said that it becomes a reason to worry for him whenever any corporation starts investing outside the US.

Contract talks between UAW delegates and US automakers set to open this month

Contract talks between UAW delegates and US automakers set to open this month

The US automakers will talk to United Auto Workers (UAW) delegates this month over contract issues. There are concerns among some workers at Lordstown and 11 other General Motors assembly plants scattered across the US over their jobs moving to south.

A $350 million investment plan in a Mexican factory was previously announced by GM to build the Chevrolet Cruze compact car. The plant for building the car for all of North America is currently located in Lordstown, east of Cleveland.

Hundreds of United Auto Workers delegates also gathered in March to devise ways to go ahead with contract talks with the US automakers.

Nick Waun, a worker at an SUV plant outside Lansing, Mich., said the partnership with the union will be ruined by moving a lot of stuff to Mexico.

Toyota executive arrested in Japan will be released

Toyota executive arrested in Japan will be released

According to Japan's Kyodo News, it is expected that the American Toyota executive who was taken into custody last month after alleged drug law violation will be released on Tuesday. The source of this information has not been identified by Kyoto.

Tokyo prosecutors also did not comment in the matter and Toyota Motor Corp. said that it was not having any information.

On June 18, Julie Hamp, who was the highest ranking woman executive at the Japanese automaker, was taken into custody on suspicion of importing oxycodone, a narcotic pain killer, into Japan. This drug is strictly controlled in the country.

Tesla Motors beats Car-Sales Forecast for Q2

Tesla Motors beats Car-Sales Forecast for Q2

Tesla Motors has reported that it has beaten its car-sales prediction for the second consecutive quarter. The electric car-maker has witnessed a 52% rise in the second quarter of the year.

The shares of the company increased 4% amounting to $280.02. This year, Tesla has jumped 26%. In the second quarter, the company has sold 11,507 Model S sedans. In May, the company has predicted that it would be able to sell 10,000 to 11,000 of the cars, its only model, in the second quarter.

It is said that the output as well as deliveries will increase once the Model X sport utility vehicle will be introduced this quarter. Dan Dolev, a Jefferies LLC analyst, said that there are many expectations from the Model X and the company has to fulfill those expectations.

Strong Sales in First Six Months increase manufacturers’ confidence to have even Better Finish to Year

Strong Sales in First Six Months increase manufacturers’ confidence to have even

Things have been going smooth when it comes to auto industry. On Wednesday, automakers posted good US vehicle sales for June. They have even predicted that things will further improve as the year approaches its end.

Experts have affirmed that there are a number of factors driving up the sales of vehicles. To cite an example, low gasoline prices and interest rates have been boosting sales of sport utility vehicles.

“Auto sales continue to push higher and are slated to have one of the strongest years ever. Demand for SUVs and trucks continue to drive the market, which resulted in several top automakers posting higher sales”, said Mark Williams, an analyst for Kelley Blue Book.

Ford Invites its Customers to Rent their Vehicles

Ford to invite its customers to rent their vehicles

A total of 14,000 people in the US who made use of Ford Credit to purchase their cars will be invited for the pilot program. Ford Motor Credit will be collaborating with two car-sharing companies, Getaround in the US and easyCar Club in London.

As per Ford, over the next five years, it is looking forward to increase research on advanced safety technology, together with automatic braking for its vehicle range. According to the company, “As most vehicles are parked and out of use much of the time, this can help us gauge our customers’ desires to pick up extra cash and keep their vehicles in use”.

Goldman Sachs Group Inc. Flips Its Preference to Ford

Goldman Sachs Group Inc. Flips Its Preference to Ford

According to the experts at Goldman Sachs, it is high time to put brakes on General Motors and rev up the engines at Ford.

Goldman, in a research note on Tuesday after the close in New York said that Ford will benefit in this year’s second half from the redesigned F-150 pickups. The company is also showing improvement in China.

GM’s incentives on light trucks are climbing because of competition, and the Detroit-based company may miss its forecasts in China as that market weakens, according to the note.

It has been said that Goldman analysts Patrick Archambault and David Tamberrino raised Dearborn, Michigan-based Ford to buy from neutral and increased its 12-month price target for the shares to $19 from $18.

Ford Invites its Customers to Rent their Vehicles

Ford Invites its Customers to Rent their Vehicles

It is known that Ford’s main business is to sell cars, but it also operates a number of other services. Its app-based GoDrive service already allows Brits to rent a car on a pay-as-you-go basis. Now, the company is asking its US and UK customers to rent their own vehicles out to other people and offset the money against their car payments.

The company is inviting approximately 12,000 Londoners and a further 14,000 US customers from Berkeley, Oakland, San Francisco, Portland, Chicago and Washington D.C. to join its new scheme.

In the United Kingdom, the company has joined hands with easyCar Club, a sister company of budget airline easyJet, to provide on-demand cars for younger drivers.

Jaguar Land Rover researches on NASA tech to monitor brain waves of Drivers

Jaguar Land Rover researches on NASA tech to monitor brain waves of Drivers

According to UK car manufacturer Jaguar Land Rover, it is working on to find how the steering wheel and the car seat could be used to detect fickle levels of driver concentration in addition to their heart rate and breathing.

According to the company, sensors in the steering wheel could be employed for measuring a driver's brainwaves. It is known that human brains have a tendency to generate four or more distinct brainwaves at different frequencies. An on-board computer can assess if a driver is focused, sleepy, daydreaming, or distracted by detecting which type of brainwave is dominant.

Lyft to Pay $300,000 to Settle San-Francisco Case

Lyft to Pay $300,000 to Settle San-Francisco Case

Lyft, the San-Francisco based transportation network company, will be paying $300,000 to settle allegations that it violated state laws.

The state’s attorney general's office sued Lyft last summer for operating in the state without requiring its drivers to have commercial licenses or proper insurance.

As part of the settlement, Lyft has agreed to follow vehicle-for-hire laws in the state, Attorney General Eric Schneiderman's office said Thursday.

The company said in a statement that its drivers are ordinary people who agree to a background check and use their personal cars to pick up Lyft customers.

According to the state’s rule, Lyft cannot start providing services in that manner since the state requires the drivers to have a commercial license and insurance.

Porsche once again emerges as the best for Quality

Porsche once again emerges as the best for Quality

Porsche has once again turned to be the top brand for quality in the 2015 survey involving more than 84,000 car buyers. The survey was conducted in February and March by the J. D. Power consulting firm.

Kia and Jaguar were in second and third place respectively while Kia's sister brand Hyundai was at fourth. Infiniti rounded out the top five finishers in the survey.

The worst-performing brands were Fiat, Smart, Chrysler, Subaru and Jeep. According to John Humphreys, senior vice president of JD Power, the Korean brands have been improving quality for years. They are bringing consumers into the process as they design cars, especially with electronics.

Toyota Motor shareholders approve Controversial New Share Sale

Toyota Motor shareholders approve Controversial New Share Sale

A controversial share sale been defended by Toyota Motor, and critics have called the move a measure to tame shareholder activism. According to the world's biggest carmaker, 75% of shareholders had casted their votes in favor of the plan on Tuesday.

As per the plan, 500 million shares will be sold and they must be held for five years. Also, the shares will not be publicly traded.

GM to cut production at Orion plant

GM to cut production at Orion plant

It has been announced by General Motors that it is cutting down production of its Chevrolet Sonic and Buick Verano cars as demand in the US has fallen on the whole for smaller vehicles.

According to GM spokesman Bill Grotz, nearly two-thirds of GM's North American vehicle assembly plants will be closed during the summer months. Grotz said that earlier, for model year changeover, most plants used to shut down in early July, however now it is decided on the basis of specific vehicle lifecycle and market demand.

Tesla will not sell cars directly in Texas

Tesla will not sell cars directly in Texas

Tesla will not be able to sell its cars directly to the consumers in Texas. The company was selling cars directly in Texas, but now it has been stopped from doing so till 2017. The Texas State Legislature received two separate bills related to car sales in Texas. But the things did not work. Now, the voting could be conducted only after two years.

According to Diarmuid O'Connell, vice president of business development for Tesla, which is based in Palo Alto, California, "They are thwarting the will of the people. It doesn't even get a fair hearing -- much less a vote -- is to me very odd and disturbing".

GM to enable control by voice commands

GM to enable control by voice commands

General Motors Co. is going to enable owners of many Chevrolet models to use voice commands for controlling Apple and Android applications on smartphones.

On Wednesday, GM said that the program, which is going to start this summer, includes the redesigned 2016 Cruze small car that will make a debut in June.

Almost all of Chevy's 2016 vehicles will be able to use the brand's MyLink infotainment system for accessing Apple Inc.'s CarPlay. Six models will be set up to work with Google Inc.'s Android Auto.

GM to Pump in $1.2 billion in its Fort Wayne Facility

GM to Pump in $1.2 billion in its Fort Wayne Facility

Scaling new heights ever since its federal bailout in 2008, General Motors has added another feather to its cap. The company announced on Tuesday, that it would make an investment of $1.2 billion in its Fort Wayne, Indiana assembly plant.

General Motors Company, commonly known as GM, is an American multinational corporation headquartered in Detroit, Michigan, that designs, manufactures, markets and distributes vehicles and vehicle parts. Presently, GM produces vehicles in 37 countries under thirteen brands.



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