Post Tagged with: "auto"

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US: women reach record tally of driven miles

US: women reach record tally of driven miles

The latest University of Michigan study has concentrated on a segment of the consumer market that might be referred to as the “soccer mom” – showing that women are today driving more miles than ever. According to research done by Michael Sivak, an official of the U-M’s Transportation Research Institute, […]

US: spring auto deals you might want to consider

US: spring auto deals you might want to consider

After another long and rather harsh winter in most parts of continental US, it’s time for the spring meltdown of frozen accounts and the long awaited leg stretching en route to the local car dealership. Auto sales in the United States have remained positive even after half a decade of […]

Survey – China’s leading brands are VW, BMW

Survey – China’s leading brands are VW, BMW

According to a new research conducted by a division of Deutsche Borse, the auto-acquisition sentiment among Chinese consumers ranks high Volkswagen, followed by BMW and Buick. The German automaker is the largest foreign auto company in terms of Chinese sales, which means the survey’s result is not entirely a surprise […]

US: ex-Hitachi executive pleas guilty, goes to jail for 15 months

US: ex-Hitachi executive pleas guilty, goes to jail for 15 months

The US Department of Justice continues its long running investigation across the automotive industry that searched for monopoly practices and price fixing violations. This time around it was time for a former executive that worked for auto parts producer Hitachi Automotive Systems to acknowledge his wrongdoings, with the person pleading […]

US: banking regulator cautions subprime auto loan bonds

US: banking regulator cautions subprime auto loan bonds

According to New York’s top banking regulator, the emergence of sales of bonds that rely on subprime auto loans is bringing “a disalignment of incentives” for lenders, adding debt to borrowers already seen at risk. Benjamin Lawsky, superintendent of the Department of Financial Services, commented in front of state senators […]

Shanghai – Ferrari reveals bespoke California T

Shanghai – Ferrari reveals bespoke California T

The 2015 Auto Shanghai motor show in China has apparently inspired Ferrari to dream about “Hollywood”-style stars: namely Ingrid Bergman and the Kennedy family. The Italian supercar manufacturer, which is about to go independent and shed its historic ties with the Fiat parent – now also reshaped as Fiat Chrysler […]

Canada: weaker currency might not bring expected auto revival

Canada: weaker currency might not bring expected auto revival

While Windsor, Ontario was once billed as the British Empire’s auto capital, today its’ unlikely the plunging Canadian currency would benefit in the immediate future the car manufacturing sector. There are new investments currently being made there, such as FCA US’s decision to build the next generation of the Chrysler […]

US: regulators, states looking into auto loan securitization

US: regulators, states looking into auto loan securitization

Both the US Justice Department and state authorities are now mulling a strategy to introduce securitization for auto loans to dismiss the probability of fraud, according to Acting Deputy Attorney General Sally Quillian Yates. The drive is part of a larger effort to secure possible emerging business sectors prone to […]

Auto suppliers have faith in electric cars

Auto suppliers have faith in electric cars

What they actually believe is that the segment will finally live up to its forecasted reputation in the near future, with auto parts makers consolidating one important area of the business – battery technology. The most recent moves in the sector involve South Korea’s Samsung SDI and Japanese chemical manufacturer […]