Inside the Industry

Edmunds finds that credit scores may be factored Into car insurance rates

(July 14, 2011) SANTA MONICA, Calif. — Ignoring outstanding bills could raise your car insurance premiums, while paying them off may help you secure a lower rate, reports Edmunds.com.

In its report on the personal factors that affect car insurance rates, Edmunds found that some companies consider a driver's credit score as a factor in setting premiums. Studies show that the way a person manages his or her financial affairs is an accurate predictor of the number and size of insurance claims he or she might file, according to the Insurance Information Institute.

Saab 9-4X crossover arrives at dealerships

(July 13, 2011) ROYAL OAK, Mich. (PRNewswire) — Saab dealers who have been starved of product are surely excited that the new Saab 9-4X crossover has finally landed in U.S. showrooms. The greatly anticipated vehicle is Saab's newest addition to the Saab product family. Over 100 orders have been placed for the vehicle. 

San Diego to get first all-electric car-sharing program

(July 13, 2011) SAN DIEGO (PRNewswire) — car2go, a subsidiary of Daimler North America, announced today that San Diego will be the first North American city to have a 100-percent electric vehicle (EV) car-sharing program.

"We're proud that car2go has chosen to launch the first North American all-electric car-sharing service in San Diego," said San Diego Mayor Jerry Sanders. "car2go's launch here further supports our efforts to make San Diego the nation's electric vehicle capital."

Chrysler to recall 243,000 Ram trucks over tie rod problem

(July 13, 2011) DETROIT — Chrysler will recall more than 243,000 Dodge Ram pickup trucks because of potential problems with tie rod assemblies that may increase the risk of a crash, the automaker and U.S. safety regulators said.

New Toyota Yaris to arrive late this year with updated styling

(July 13, 2011) An all-new third generation Toyota Yaris, which appears considerably more stylish than the current generation, will go on sale in the UK and Europe around Sept. 1, Toyota announced this week.

The sub-compact 2012 Yaris probably won't hit U.S. showrooms until near the end of the year.

GM invests $129 million in Ohio, Indiana and Michigan plants

(July 13, 2011) DETROIT — General Motors Powertrain plants in Ohio and Indiana that make transmissions for Buick and Chevrolet models with eAssist fuel-saving technology will get the bulk of a $129 million investment GM announced Tuesday.

The money is part of $2 billion being invested in 17 facilities in eight states over the next 18 months and will create or retain 4,000 jobs.

Crashing for cash in the UK

(July 13, 2011) Recession-hit drivers in the UK are resorting to dangerous measures to make extra cash, according to moneysupermarket.com. Research from Britain's top comparison site reveals one in 20 younger drivers admit to successfully staging or inventing a car accident to claim on their insurance.

Ford hits hatchback sweet spot

(July 13, 2011) DEARBORN, Mich. — Customers seeking more versatile vehicles with better fuel economy are finding what they’re looking for in hatchbacks and U.S. sales of these popular five-door cars continues to skyrocket.

It’s a trend reflected in sales of two of Ford’s hottest-selling cars. Approximately 50 percent of retail sales of the 2011 Fiesta have been for hatchbacks.

A sister act in the world of motorspot

(July 12, 2011) British sisters Leena and Teena Gade have two of the most important jobs in world motorsport.

Leena Gade is the No. 1 engineer responsible for this year’s Le Mans 24 Hour race-winning Audi R18 TDI; while her younger sister, Teena, is in an identical role, engineering Kris Meeke’s MINI John Cooper Works WRC in the World Rally Championship.

Nissan takes 'Drive Electric' experience to 26 cities

(July 12, 2011) FRANKLIN, Tenn. — Nissan is bringing test drives of the all-electric Nissan Leaf to 26 cities across the United States, as part of Nissan's "Drive Electric Tour." The second phase tour kicked off this past weekend in Long Island on the heels of the Nissan Leaf achieving the milestone of 4,000 U.S. deliveries.