Inside the Industry

Advocacy Group files complaint over GM 'loan payback' ad

(May 5, 2010) NEW YORK — General Motors's controversial commercial featuring CEO Ed Whitacre has prompted advocacy group Competitive Enterprise Institute to file a complaint with the Federal Trade Commission, charging GM with deceptive advertising, according to Advertising Age.

Ford extends its sales winning streak; industry sales up 20 percent over April 2009

(May 5, 2010) Nissan, Ford and Chrysler Group led the U.S. industry to a 20 percent sales gain in April as demand continued to recover from last year's collapse.

Overall sales rose to 982,302 from 819,692 a year earlier. The seasonally adjusted annual sales rate was 11.5 million, the second strongest of the year behind March's 11.7 million.

Nissan expects to book 25,000 U.S. orders for its Leaf electric car

(May 1, 2010) Nissan said on Thursday it is on track to book 25,000 U.S. orders for its Leaf electric vehicle by the end of the year and the automaker will be making money on the green car.

Nissan has taken 8,000 U.S. reservations for the hatchback, set to go on sale in the United States in December, since it started taking orders nine days ago, Mark Perry, Nissan's North America director of product planning and strategy, told Reuters on the sidelines of an industry conference.

Honda to recall 2004-2008 Acura TSX sedans for power steering problem

(May 1, 2010) Honda will recall 167,255  Acura TSX sedans sold in the U.S. market to address the risk that power steering fluid could leak and cause an under-the-hood fire.

The recall, covering 2004-2008 model year Acura TSX vehicles with 2.4-liter inline four-cylinder engines, comes after one fire was reported due to leaking fluid.

Honda and U.S. safety regulators said that over time power steering hoses may crack and leak.

Chevrolet Camaro, other Chevrolet models to go on sale in South Korea

(April 30, 2010) Chevrolet, General Motors' leading global vehicle brand, will be introduced in Korea in 2011. GM Daewoo Auto & Technology President and CEO Mike Arcamone made the announcement today at a press conference held in conjunction with the opening of the Busan International Motor Show.

Boston approves Ford Transit Connect for taxi duty in city

(April 30, 2010) BOSTON — Saying the 2011 Ford Transit Connect Taxi "fits the bill," the city of Boston this week became the first municipality in America to approve the versatile cab for taxi use, paving the way for taxi owners to purchase the new vehicle for their fleets.

"We're very impressed with the Transit Connect," said Mark Cohen, director, Licensing Division, Boston Police Department. "It's the closest thing to a purpose-built vehicle for taxi use that I've seen in 25 years."

Toyota recalls 2003 Sequoia SUVs for 'aggressive' stability control system

(April 28, 2010) Toyota, which which recalled the Lexus GX 460 sport-utility vehicles this month because stability controls failed to engage fast enough, is recalling 2003 Sequoia SUVs to adjust a control system that drivers say is too aggressive.

General Motors to invest $890 million on new fuel-efficient engines

(April 28, 2010) General Motors will invest more than $890 million which will create or retain more than 1,600 jobs in five North American plants to produce a new generation of fuel efficient small block truck and car engines.  The investment consists of the following:

Two plants will support the engine production:

• Tonawanda, N.Y. — an investment of $400 million resulting in more than 710 jobs
• St. Catharines, Ontario — an investment of $235 million resulting in approximately 400 jobs

Ford surprises with first-quarter profit of $2.1 billion

(April 27, 2010) Ford Motor Company today reported first quarter 2010 net income of $2.1 billion, or 50 cents per share, a $3.5 billion improvement from first quarter 2009, as strong selling new products, improvements in its global Automotive operations, and higher profits at Ford Credit boosted results.

Ford commercial fleets will have 100 percent fuel-efficient powertrains

(April 24, 2010) Ford, the industry leader in commercial and government fleet sales, will offer 100 percent of its fleet vehicles this year with fuel-efficient powertrains and other sustainable technologies — including battery electric, hybrid, natural gas, propane, E-85, biodiesel (B20) and EcoBoost — making the Blue Oval the industry’s greenest full-line fleet provider.