Auto News

Automotive News
  • Transportation Department on Friday issued a request for comment on a petition from General Motors seeking an exemption from Federal Motor Vehicle Safety Standards
  • GM asked for an exemption in January 2018
  • GM’s petition has been viewed as a litmus test on the Transportation Department’s willingness to pave the way toward a self-driving future
Automotive News
  • Fiat Chrysler, citing “bitter weather across key selling regions,” snapped an 11-month streak of year-over-year U.S. sales gains with a 2 percent decline in February volume, even as incentives rose
  • Toyota Motor Corp.’s U.S. sales fell 5.2 percent in February on weaker car and light-truck demand
  • Honda Motor Co.’s deliveries dipped 0.4 percent, with sales down 1.6 percent at the Honda division but rising 11 percent at Acura
  • Nissan Motor Co. said sales slipped 12 percent to 114,352 units. Even its truck sales suffered, falling 13 percent during the month
  • Mazda Motor Corp.’s U.S. sales also fell, by 7.3 percent, to 23,852 vehicles
Automotive News
  • ends production in the U.K. and Turkey in 2021 … will shift reliance to its U.S. and Canadian plants to meet Civic demand there
  • reworking its global production footprint for three reasons: to soak up excess capacity, pave the way for electrification and refocus on the global markets where it sells the most vehicles
  • will consolidate production of electrified vehicles into global hubs, including Japan and China
Automotive News
  • average interest rate on new vehicles rose last month to 6.19 percent — the second highest in 10 years
  • annualized rate of sales dipped to 16.9 million, from 17.22 million in January 2018, its lowest level since August
  • FCA US, which gained a full point of market share in 2018, posted a 2.5 percent increase in January
  • Ford Motor Co. broke a streak of four monthly declines with a 7.1 percent increase
  • GM sales … fell an estimated 6.9 percent
  • Nissan Group’s sales dropped 18 percent
  • Mazda’s sales fell 20 percent
  • Volkswagen Group of America’s sales fell 3 percent
Automotive News
  • flying car prototype hovered briefly in the air during an inaugural test flight, a small but significant step as the world’s largest planemaker bids to revolutionize urban transportation and parcel delivery services
  • 30-foot-long (9 meter) aircraft — part helicopter, part drone and part fixed-wing plane
  • looking to achieve a range of 50 miles with two flying car variants capable of carrying two and four passengers each
Automotive News
  • U.S. auto sales rose 2.2 percent in December, capping a year that saw overall volume rise 0.6 percent even as automakers endeavored to counter slumping car demand with record light-truck deliveries
  • U.S. sales at FCA US, Honda and Nissan rose last month while Ford, General Motors and Toyota posted declines
  • For 2019, most early forecasts see total industry sales coming in at 16.8 million to 17 million units, with some estimates as low as 16.7 million

Kim & Associates Co., Inc.