Want Your Car to Hold It’s Value? Buy Yellow, Study Says.

ISeeCars.com reveals that gold cars are money-losers.

by on Mar.16, 2018

If you want your car to retain its value longer, yellow is your color.

The old axiom says if you want to get a speeding ticket, own a red car, however, new research shows if your vehicle to retain its value, buy a yellow one.

ISeeCars.com analyzed the sale of more than 2.1 million vehicles sales from the 2014 model year and discovered that yellow cars held their value the best, depreciating only 27% after three years. The average rate of depreciation of 33.1% for all vehicles.

The Last Word!

Other vehicles that held their value well were orange and green vehicles, which posted depreciation rates of 30.6% and 30.9% after three years.

The most popular or common colors, which are typically white, black and gray or silver, paced the average rate of depreciation, the website noted. Read the rest of this entry »

Buick, Infiniti Top J.D. Power Customer Satisfaction Index

Industry overall posts major gains in service arena.

by on Mar.16, 2018

The new QX80 helped Infiniti to the top of the latest J.D. Power Customer Satisfaction Index.

In an unexpected and potentially critical move, Infiniti unseated Lexus as the top-ranked brand in J.D. Power’s annual Customer Satisfaction Index, while Buick ranked tops among mass-market brands.

But the auto industry on the whole managed to post big improvements, reflecting an increased focus on keeping customers happy when it comes to receiving service at franchised dealers, according to the annual Power study.

Pushing the Envelope!

Keeping customers happy is critical, said Chris Sutton, Power’s vice president of U.S. automotive retail practices. “Satisfied customers tend to stay with a brand and bring others with them,” said Sutton, adding that, “Anything less opens the door for customers to shop elsewhere.” Read the rest of this entry »

FCA Recalling 300K Ram Pickups for Gas Tank Problem

Automaker's second Ram pickup recall in last month.

by on Mar.16, 2018

FCA is recalling 300,000 Ram pickups due to a problem with the gas tank.

Fiat Chrysler issued another gas tank-related recall, ordering more than 300,000 Ram pickup trucks to head to dealers because the fuel tanks can sag.

The action affects Ram 1500 pickups from 2009–12, mainly in cold-weather U.S. states and Canada where salt is used to clear snow from roads. In the U.S. the trucks are in 20 states and Washington, D.C.

Safety News!

An investigation found a bracket can corrode, allowing the tanks sag, the company noted. The remaining structure will stop the tanks from falling. Fiat Chrysler says it’s not aware of any crashes, fires, leaks or injuries due to the problem. Read the rest of this entry »

Ford Plans for Growth in New Product Segments

Exec says new EV should help spur battery-electric sales.

by on Mar.16, 2018

Hau Thai-Tang, Ford's product development chief, says promoting better EVs will help spur sales of battery-electrics.

Ford Motor Co.’s product development chief says one way to make electric vehicles more popular is to give them wider appeal.

Hau Thai-Tang, Ford executive vice president for product development, said noted that even when gas prices were high, consumers didn’t especially gravitate towards EVs or hybrids. Thus, Ford is preparing to roll out a unique EV with the broad appeal of a crossover and more performance.

Stay Plugged In!

“EVs have great instantaneous low-end torque,” Thai-Tang told TheDetroitBureau.com after briefing by senior Ford executives, including CEO Jim Hackett. Read the rest of this entry »

FCA Claims Web Developer Bribed Exec $2.4M to Raise Prices

Website maker denies claims in lawsuit.

by on Mar.16, 2018

Fiat Chrysler claims a website developer bribed an FCA executive to inflate website development costs.

Fiat Chrysler Automobiles N.V. overpaid for new car dealer websites after the developer bribed Clyde Campbell, who was then the company’s managing director in the country, according a lawsuit now being tried in the United Kingdom.

The UK High Court heard evidence from Robert Olver, a web services expert appointed to come up with a fair price for the contract signed in 2010 between Chrysler and British car industry web developer Motortrak.

News You Can Trust!

Olver told the court there was no commercial justification for some elements of the contract, and Motortrak charged well above a fair price, according to the Sydney Morning Herald. Read the rest of this entry »

BMW Showing Off Second-Gen X4 M40i M Performance at NYIAS

Bavarian automaker bringing slew of new models to the Big Apple.

by on Mar.15, 2018

The 2019 BMW X4 M40i M Performance makes its North American debut in New York.

With the threat of a tariff in the air, BMW will introduce the 2019 BMW X4 M40i M Performance to North America at the New York International Auto Show later this month.

The second-gen BMW X4 M40i M Performance brings sportier proportions, wider tracks, and the latest generation suspension settings than its predecessor. It also boasts a lower center of gravity and better aerodynamics.

News Now!

The new X4 M40i is outfitted with an inline six-cylinder engine that produces 355 horsepower and 365 pound-feet of torque. It springs from 0-60 mph in just 4.6 seconds. In the U.S., it comes standard with M Sport brakes, allowing drivers to enjoy exceptionally dynamic handling with phenomenal stopping power. Read the rest of this entry »

Ford Reveals Tidal Wave of New Products Coming by 2020

Executives look to change perception about company's future.

by on Mar.15, 2018

Ford plans to drive SUV growth with two all-new off-road models: the new Bronco and this yet-to-be-named off-road small utility.

In a bid to reverse the narrative that the company was in decline in recent months, Ford Motor Co. offered reporters and analysts a glimpse at a product plan that will renew three quarters of the vehicles in dealer showrooms by 2020.

Ford CEO Jim Hackett said that the revamp will build on the company’s strength in trucks, SUVs and commercial vehicles and include the incorporation of hybrid technology in its popular vehicles.

Product News!

The push for hybrid-electric vehicles will bring new capability and features to customers on high-volume vehicles like the F-150, Mustang, Explorer, Escape and the Bronco, Hackett said. Read the rest of this entry »

GM Investing $100M in Tooling for Cruise AV, Autonomous Roof Racks

by on Mar.15, 2018

The Cruise AV will be built at the Orion Township, Michigan plant were GM builds the Chevy Bolt EV.

General Motors continues to put its money where its mouth is when it comes to autonomous vehicles, this time to the tune of $100 million.

The company is investing that cash in two Michigan facilities that will build its Cruise AV driverless car as well as the roof modules that contain all of the equipment needed to make the vehicle drive on its own, such as radar, LiDAR, cameras, etc.

Automotive Insight!

The new Cruise autonomous vehicles will be built at GM’s Orion Township assembly plant, north of Detroit. This makes sense as another self-driving vehicle produced by GM, the Bolt EV, is also built at the plant. Read the rest of this entry »

Waymo Lets Folks Peer Behind the Autonomous Curtain

CEO Krafcik promotes self-driving cars with videos at SXSW.

by on Mar.15, 2018

These girls commemorated their ride in Waymo's autonomous minivan with a selfie.

Surveys are showing that a majority of Americans are uncomfortable with the idea of riding in an autonomous, or self-driving vehicle.

In fact, the most recent AAA study shows that 63% of Americans are reticent to get into an autonomous car. That number is down from 78% from the previous year.

Tech News!

Although the numbers of nays are shrinking, its apparent that it’s going to require some heavy marketing on the part of automakers that are heavily investing in self-driving technology development, and Waymo CEO John Krafcik is helping to lead the charge. Read the rest of this entry »

Magna, Lyft Pairing Up to Develop Self-Driving Technology

Magna takes $200 million equity stake in Lyft.

by on Mar.15, 2018

Lyft and Magna are partnering up to develop self-driving vehicle technologies.

Magna is purchasing a $200 million equity stake in ride-sharing behemoth Lyft as part of a multi-year plan to develop a self-driving vehicle platform together.

The collaboration calls for the two companies to jointly fund, develop and manufacture self-driving systems. The establishment of this partnership subject to regulatory approval. This partnership positions Magna and Lyft to enable the development and manufacturing of self-driving systems at scale.

News You Can Trust!

In addition to self-driving vehicles that will be deployed on Lyft’s own ride-sharing network in the coming years, Magna can deploy the technologies across a wide range of uses to benefit the entire global mobility ecosystem. Read the rest of this entry »