Auto Sector

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.

Elon Musk unveils home battery that stores electricity from renewable energy sources

Elon Musk unveils home battery that stores electricity from renewable energy

Tesla founder Elon Musk unveiled plan to power the world with a new design of home battery called the Powerwall.

The Tesla Powerwall produced at Tesla's new Nevada Gigafactory being represented as a breakthrough in ‘distributed energy’. Musk said that Tesla Energy would help reduce carbon footprint as consumers will be less dependent on the grid and can generate energy with their solar panels.

The battery would be available in ‘three or four months’ via various installation partners and cost around $3500.

The Tesla Powerwall can be used to charge up battery on solar panels or windmills during the day. It could also be used to run house overnight or provide backup power in the event of a regular grid power outage.

Over 100 people died due to Criminal Wrongdoing by GM

Over 100 people died due to Criminal Wrongdoing by GM

General Motors ignition switch case could lead to massive troubles for the automobile giant. New York Times reported on Friday that more than hundred people lost their lives due to criminal wrongdoing by vehicle manufacturing company General Motors (GM).

The finding by the United States Justice Department could put the Detroit headquartered GM on a path to pay a huge fine. Earlier, the company said that it was paying a huge amount to victims. In addition, the company also announced to replace more than 2 million ignition switches in the older version of the car.

Driverless Cars Get another Entrant - Uber Cabs

Driverless Cars Get another Entrant - Uber Cabs

Self-driving car efforts got yet another proponent with Uber’s test cars marked ‘Uber Advanced Technologies Center’ driving around the city, with Uber attempting to deploy a fleet of self-driving cars to eliminate the biggest cost: the actual drivers.

In a bid to offer economical and competitive prices, Uber is testing the autonomous car technology on the public roads of Pittsburgh, near its new research institute at Carnegie Mellon University, Center for Advanced Technologies (CAT).

Leap Transit announces to suspend its Services

Leap Transit announces to suspend its Services

According to reports, private bus company Leap Transit has announced to suspend its operations. Earlier, the company received a cease and desist order because it lacked in having proper permits.

On Tuesday, the company, a luxury private bus company in San Francisco which transports passengers from the Marina District to downtown and back again, announced that its operations will be suspended until about the end of the week. The company stated that that the decision has been taken after receiving the cease and desist order from the California Public Utilities Commission.

Air-Bag Recall expands to 34 million cars as Takata admits defects

Air-Bag Recall expands to 34 million cars as Takata admits defects

In the largest automotive recall in US history, it has been decided that car makers will fix faulty air bags in around 34 million vehicles after Japanese parts supplier Takata Corp. bowed to pressure from regulators on Tuesday.

The move has doubled the number of vehicles already targeted by the recall, which has aimed at repairing malfunctioning air-bag inflaters that can explode and send shrapnel flying into cars.

The recall is expected to be conducted by up to 11 auto makers, would be one of the largest actions for any industry. In the early 1980s, around 31 million bottles of Tylenol were recalled.

Driverless Cars to be a Reality This Summer

Driverless Cars to be a Reality This Summer

Technology takes a giant leap forward as the latest version of Google's self-driving car will debut on public roads this summer.

The two-seater driverless car needs no gas pedal or steering wheel and has to be recharged after every 80 miles. The car lacks air bags; it can't go more than 25 miles per hour and is not apt for a long ride. These cars have been assembled in suburban Detroit by Roush Industries and have the same array of radars, lasers and cameras as Google's Lexus SUVs.

Google informed that this prototype is the first vehicle built from scratch for the purpose of self-driving. It looks like a ‘Smart car’, with a shiny black bowler hat to hide its sensors, and it can drive, brake and recognize road hazards without human intervention.

Volvo to open First US Factory in South Carolina

Volvo to open First US Factory in South Carolina

Volvo has become the latest automobile major to place a bet on South Carolina by picking Berkeley County to locate a $500 million assembly plant, having close access to critical shipping ports.

The main aim of the Chinese-owned auto maker is to nearly double the global sales by 2020. Since taking control of Volvo in 2012, Chief Executive Håkan Samuelsson has repeatedly defended the auto maker's decision to continue selling cars in the US regardless of sales decline and red ink in the region.

Earlier this year, Daimler AG's Mercedes-Benz made an announcement of $500 million van factory near Charleston.

According to the SC Automotive Council, BMW AG has been operating a plant in Spartanburg, which buoys a South Carolina automotive industry, employing 46,000 people.

Tiny ‘EO Smart Connecting Car 2’ can shrink and drive sideways

Tiny ‘EO Smart Connecting Car 2’ can shrink and drive sideways

The demand for appropriate transportation mediums to meet unique demands of people in urban cities has been on an increase.

Since there is increasingly less space on the road and it finding parking on a Friday night is next to impossible. These issues have left the option of the Smart Car and similar vehicles.

The small car acts as a perfect solution as it might squeeze into smaller spaces. However, some companies have visualized that cars can be able to morph when need, able to maneuver in ways that present vehicles can't.

One such vehicle is the EO Smart Connecting Car 2 is. The EO Smart Connecting Car 2 is is designated as a "micro car. It is the brainchild of DFKI Robotics Innovation Center and has been in different stages of development for the last three or so years.

Fiat Chrysler Asks Georgia Judge for New Trail in 1999 Jeep Grand Cherokee Fire Case

Fiat Chrysler Asks Georgia Judge for New Trail in 1999 Jeep Grand Cherokee Fire

Fiat Chrysler Automobiles asked a Georgia judge for a new trail almost a month after a jury awarded $150 million to the family of a 4-year-old Georgia boy burned to death in a 1999 jeep Grand Cherokee fire.

Fiat Chrysler says the death of 4-year-old Remi Walden in a Jeep gas tank fire is not worth the $150 million awarded by a jury.

Remi was killed in 2012 while riding in a booster seat in the back of the Grand Cherokee that was stopped and waiting to turn left.

The gas tank leaked and engulfed the Jeep in flames when the driver of a Dodge Dakota ran into the rear of the Grand Cherokee. Witnesses could only watch in horror as Remington burned to death.

Uber comes under Scanner of Chinese Officials

Uber comes under Scanner of Chinese Officials

Chinese officials have widened investigations into the operations of the mobile taxi-hailing service Uber. The company is facing legal charges in several other countries for unfair competition and improperly vetted drivers.

On Wednesday, the Chinese officials have visited Uber offices in the southwestern city of Chengdu to ascertain if Uber was allowing private drivers to offer their services via the taxi-hailing app. This January, the Chinese government banned drivers of private cars from offering such services through apps.

Tesla Motors acquires west Michigan Auto Supplier

Tesla Motors acquires west Michigan Auto Supplier

On Wednesday, electric car maker Tesla Motors confirmed that it has acquired a west Michigan auto supplier this week.

Tesla spokeswoman Alexis Georgeson said the company will purchase Riviera Tool, LLC located at 5460 Executive Parkway SE and renamed it Tesla Tool and Die Factory.

Riviera has about 100 employees and Tesla expects the majority will remain after the sale. However, the sale price was not disclosed.

Georgeson said, "This acquisition enables Tesla to bring additional capabilities in-house, streamlining production and facilitating the introduction of Model X and increased production at the Tesla Fremont (California) factory. This is our first presence in Michigan”.

First Quarter Operating Profit of BMW 20.6% higher

First Quarter Operating Profit of BMW 20.6% higher

BMW announced that its first-quarter operating profit rose by a forecast-beating 20.6%. The profits of the German car maker was supported by strong demand for large offroaders in Europe and the United States.

Earnings before interest and tax (EBIT) came in at 2.52 billion euros ($2.83 billion), above the 2.191 billion euros forecast in a Reuters poll.

The Munich-based company said on Wednesday that its automotive EBIT margin was 9.5% in the quarter, remaining at the same level to the year-earlier quarter and at the upper end of its target range of between 8% and 10%.

On the other hand, the quarterly return on sales from ongoing business at rival Mercedes-Benz Cars jumped to 9.2% from 7% a year ago. Audi's operating margin slipped to 9.7 % from 10.1 %.

Tesla Ventures into Solar Panel-Connected Batteries for Homes

Tesla Ventures into Solar Panel-Connected Batteries for Homes

Last week, billionaire entrepreneur and Tesla Motors CEO Elon Musk unveiled at the Tesla's design studio, his yet another ambitious mission of solar panel-connected batteries for homes and businesses.

Elon Musk, stated, "Our goal here is to fundamentally change the way the world uses energy". The long-term goal is to create regional networks of home batteries in order to reduce the reliance on fossil fuels to generate energy.

Musk enthusiastically claimed that Tesla and other future entrants in the market will be able to sell 2 billion battery packs around the world. The 'Powerwall' batteries would be used in conjunction with solar panels, so that they can be recharged during the day.

GM Korea to introduce Next-Gen 2016 Chevrolet Volt in 2016

GM Korea to introduce Next-Gen 2016 Chevrolet Volt in 2016

On Monday, GM Korea, the local unit of US automaker General Motors, said that it will roll out the next-generation Chevrolet Volt plug-in hybrid to the South Korean market next year.

The Volt was first launched in 2010 in the United States and later in the European market. Approximately 75,000 units of the model have been sold in the US market since its debut.

The Volt runs as a 100-percent battery-powered electric vehicle. It switches to an internal combustion engine until the battery drops to a certain level.

The second-generation Volt was unveiled at the Chicago Auto Show in January. It can alone travel for about 80 kilometers on a fully-charged battery. According to the company, its range-extending gasoline engine pushes the driving range to more than 650 kilometers.




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