US Automotive News

GM Quietly Deepens Silicon Valley Ties By Learning To Play Tech Incubator – Forbes

Drew Angerer/Getty Images General Motors CEO Mary Barra at the annual Allen & Company Sun Valley Conference in July in Sun Valley, Idaho. Early this month a handful of high-level engineers from General Motors’ R&D division joined Silicon Valley venture funds in a packed Mountain View auditorium to hear dozens of two-minute pitches from tiny tech startups eager for early-stage funding. The GM crew wasn’t there to invest in or…

Posted: Tuesday, August 08, 2017

Key Takeaways From Toyota’s Q1 – Forbes

Toyota Motors announced its fiscal Q1 2018 results on August 4, reporting a 7% increase in net revenues on a consolidated basis as vehicle sales grew by 43,000 units year on year. However, the company witnessed a nearly 10% decline in operating income due to currency fluctuations and growth in expenses. This is in line with the company’s guidance for 2017-2018, as it expected an 18% decline in operating income for this fiscal year….

Posted: Tuesday, August 08, 2017

Kyrie Irving approached trade request the right way, says former Cavs GM David Griffin – ESPN

Facebook Twitter Facebook Messenger Pinterest Email print comment Former Cleveland Cavaliers general manager David Griffin said Monday that Kyrie Irving showed courage by asking for a trade. “He handled the situation exactly like he was supposed to,” Griffin said Monday on ESPN’s The Jump. “He went to [Cavs owner] Dan Gilbert privately, told him that he thought he would be happier somewhere else. “The absolute worst thing this guy could…

Posted: Tuesday, August 08, 2017

Cleaning crew boo-boo touches off raging fire at Chevrolet dealer in Sterling Heights – Detroit Free Press

x Embed x Share CLOSE TODAY’S TOP STORIESAttorneys Mike Morse and Joumana Kayrouz deny accusations | 0:58 Personal injury attorneys Mike Morse and Joumana Kayrouz emphatically deny allegations that they sought kickbacks from a now-imprisoned doctor. JC Reindl/Detroit Free Press x Embed x Share CLOSE TODAY’S TOP STORIESWatch: Al Avila explains J.D. Martinez trade | 9:39 Tigers general manager Al Avila explains the trade of J.D. Martinez to the Diamondbacks…

Posted: Wednesday, July 19, 2017

Smart Display Market for Automotive Worth 9.80 Billion USD by 2022 – MarketWatch

PUNE, India, Jul 19, 2017 (PR Newswire Europe via COMTEX) — PUNE, India, July 19, 2017 /PRNewswire/ — The report”Smart Display Market for Automotive [http://www.marketsandmarkets.com/Market-Reports/smart-display-market-25698331.html ]by Application, Display Size (3″-5″, 6″-10″, & >10″), Display Technology (LCD, TFT-LCD, & Other Advanced Technologies), Level of Autonomous Driving (Conventional & Semi-autonomous), Vehicle Type, and Region – Global Forecast to 2022″, published by MarketsandMarkets(TM), the Smart Display Market for Automotive is projected to grow…

Posted: Wednesday, July 19, 2017

Chevy Bolt EV inventories are piling up, GM temporarily shuts down factory – Electrek

GM has confirmed that its Orion plant, where they build the Chevy Bolt EV, will see an extended shutdown as part of the automaker’s broader effort to reduce inventories. It is sending mixed messages about the all-electric vehicle program. As we recently reported, GM’s sales of its first long-range all-electric vehicle have been slow to ramp up since its launch in December 2016. It reached a new high of 1,642…

Posted: Wednesday, July 19, 2017

Mazda Team Joest to begin testing in August – Motorsport.com, Edition: Global

The Mazda RT24-Ps, which have been withdrawn from the 2017 IMSA WeatherTech SportsCar Championship, will begin 2018 testing “within the next 30-40 days”, as Joest and Multimatic aim to improve raceability and reliability. The new union between Joest Racing and Mazda Motorsports, which was formally announced this morning, will see Joest re-establishing a US base, near Atlanta, Ga., and testing the Mazda Prototypes on both sides of the…

Posted: Wednesday, July 19, 2017

2020 Ford Bronco Will Have a 325-HP Turbocharged V-6, Report Says – The Drive

Around the beginning of the year, details on the new 2020 Ford Bronco started to trickle out of Ford. Information has since remained sparse, but we did learn the new vehicle will be somewhere in between the size of the O.G. Bronco and the Bronco II, and built on a version of the new Ranger’s platform. It will get a special off-road variant to combat the Jeep Wrangler Unlimited, and…

Posted: Wednesday, July 19, 2017

The Broad announces on-sale date for tickets to ‘Yayoi Kusama: Infinity Mirrors’ – Los Angeles Times

Yayoi Kusama fans, stick close to a computer on Sept. 1. That’s when the Broad museum plans to release tickets for the highly anticipated exhibition “Yayoi Kusama: Infinity Mirrors,” opening Oct. 21. Rather than release advance tickets month to month, as the Broad has done before, the contemporary art museum will release all tickets — about 50,000, for the entire Kusama run — at noon on Sept. 1. The show,…

Posted: Monday, July 17, 2017

UK senior lawmakers call on government to release Toyota investment reassurances – Reuters

LONDON (Reuters) – Two British parliamentary committees said on Monday that the government should reveal what post-Brexit reassurances it offered Japanese carmaker Toyota (7203.T) ahead of a 240-million pound ($313 million) investment in its English car plant. On Friday, Reuters cited two sources saying that Britain had helped to secure an investment in the firm’s Burnaston car plant with a letter reassuring the Japanese automaker over future trading arrangements. The…

Posted: Monday, July 17, 2017

New US Subprime Boom, Same Old Sins: Auto Defaults Are Soaring – Bloomberg

It’s classic subprime: hasty loans, rapid defaults, and, at times, outright fraud. Only this isn’t the U.S. housing market circa 2007. It’s the U.S. auto industry circa 2017. A decade after the mortgage debacle, the financial industry has embraced another type of subprime debt: auto loans. And, like last time, the risks are spreading as they’re bundled into securities for investors worldwide. Subprime car loans have been around for ages,…

Posted: Monday, July 17, 2017

8 Reasons Now Is The Time To Buy Ford – Seeking Alpha

Despite the Trump rally, Ford’s (NYSE:F) stock continues to slump and is slightly down year-to-date. While Ford’s first quarter results showed some weakness, Ford’s stock currently trades at rock-bottom levels and is a good buy in my opinion. Out of the 8 reasons I list below, the two-stage discounted cash flow analysis is the most compelling. Even in what seems to be a worst-case scenario, Ford’s stock still exhibits upside…

Posted: Monday, July 17, 2017

Avengers: Infinity War trailer – what does it reveal about Marvel’s superhero-packed epic? – Telegraph.co.uk

The second wildest audience reaction at Disney’s D23 Expo this year came when Kevin Feige, the head of Marvel Studios, called 15 cast members from Avengers: Infinity War on stage. The wildest, which came around four minutes later, was in response to what their superhuman alter egos had been up to.  “Almost every single hero we’ve ever introduced is going to be in that film,” Feige pledged, and the brief…

Posted: Monday, July 17, 2017

Whatever Happened To … the front-page Ford plant worker – Virginian-Pilot

CHESAPEAKE It was a powerful portrait of despair splashed across the front page: An auto worker clutching the Norfolk Ford plant’s chain-link fence, arms spread wide as his body sagged and head hung low. The crucifixion of America’s manufacturing everyman. But Richard White also spoke that day about the bombshell announcement the Ford Motor Co. had just made: Within two years, the automaker would close…

Posted: Monday, July 17, 2017

Avengers Infinity War trailer shown at D23, description emerges online – The Independent

Since 2008, Marvel has been building their huge cinematic universe, introducing dozens of comic-book characters to the world — ranging from rich billionaire philanthropists to talking raccoons.  With Avengers: Infinity War, all that has come before will implode into two huge blockbusters (including the as-yet-untitled fourth Avengers). At Disney’s fan convention over the weekend, D23, some footage from the upcoming Russo-brother directed film was shown, descriptions of which have reached…

Posted: Monday, July 17, 2017

$1 million in marijuana found in brand new Ford Fusions – CNN

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Posted: Monday, July 17, 2017

‘Infinity Wars’ upstages ‘Star Wars’ at star-studded fan expo – Fox News

A hair-raising teaser trailer for “Avengers: Infinity War” stole the show at the star-studded presentation of the Walt Disney Studios upcoming live-action films at the studios’ fan convention D23, upstaging even “Star Wars: The Last Jedi,” Oprah Winfrey and Mary Poppins. “Star Wars” fans did get a little morsel of footage in a behind-the-scenes featurette from the upcoming space saga and a lively panel with the film’s writer-director Rian Johnson and…

Posted: Monday, July 17, 2017

Understanding the Colorful World of Automotive Paint – ConsumerReports.org

Posted: Saturday, July 15, 2017

Honda recalls 2.1 million Accords over battery sensors – OregonLive.com

Honda is recalling about 2.1 million Accord cars worldwide, including 1.15 million in the United States, because the battery sensors can potentially short out and cause a fire. The recall covers vehicles from the 2013-16 model years with 12-volt battery sensors. The sensors may not be sealed enough against moisture, which in time can let in salt from roads and lead to “corrosion and eventual electrical shorting of the sensor,”…

Posted: Saturday, July 15, 2017

Fiat Chrysler recalls 1.3 million vehicles over fire risk and wiring problems – Los Angeles Times

Fiat Chrysler Automobiles announced a recall of 1.3 million vehicles Friday in two campaigns to replace faulty alternators because of fire risks and fix wiring problems that could cause air bags to deploy. To replace the alternators, the Italian American automaker recalled about 566,000 vehicles worldwide, 442,000 of them in the United States. That recall covers certain Chrysler 300 and Dodge Charger sedans, Dodge Challenger coupes, Dodge Durango SUVs, all…

Posted: Saturday, July 15, 2017