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A report from ReportLinker showed that the global automotive airbag market is expected to grow to $71.8 billion by the year 2025. The firm said the growing market can be attributed to a number of factors, including technological advances in developing airbags, legislation mandating the installation of airbags in newer vehicles and “smart” airbags that come with sensors.
Continue reading “Auto Airbag Market to Exceed $71 Billion in 5 Years”
The Wall Street Journal reported that today’s pickup trucks are bigger than they were almost 20 years ago. The article cited data from the U.S. Department of Energy’s Oak Ridge National Laboratory which showed that the average pickup is now 1,142 pounds heavier than it was in 1990.
Continue reading “Gaining Weight: Today’s Pickup Trucks are Heavier”
A consortium of electric vehicle (EV) manufacturers, utility companies and private businesses has formed a new lobbying group called ZETA (Zero Emission Transportation Association), which seeks to have 100% of new car sales be EVs within 10 years.
ABC News reported that General Motors (GM) is recalling over 217,000 vehicles after it was found that some of the cars were missing bolts from their start-stop mechanisms. This may result in transmission oil leaking from the mechanism and causing the car to either stop moving or catch on fire.
Continue reading “Missing Bolts Cause GM to Recall Over 217,000 Vehicles”
Kiplinger featured a story on drivers over the age of 50 who were in the market for a new car. Most of them said they needed a vehicle that both addresses their mobility issues and helps them stay safe on the road.
An article from Forbes explained that owners of electric vehicles (EVs) may have to pay more for insurance than owners of gas-powered cars. Some of the experts interviewed for the article said that the higher insurance rates can be attributed to the fact that repair costs for an EV are greater than those for conventional autos.
Recent estimates from the Bureau of Economic Analysis (BEA) showed that more car buyers bought domestic vehicles than their foreign counterparts. This comes as the U.S. auto market is attempting to recover from the lockdown as a result of the COVID-19 pandemic.
Continue reading “BEA: Domestic Autos Outsold Foreign Vehicles”
After a two-year hiatus, Ford Motor Company has decided to release its U.S. monthly sales reports again. This was reported by Bloomberg and picked up by Automotive News.
Continue reading “Ford Returns to Reporting Monthly Auto Sales”
A study from the Kogod Business School at American University in Washington, D.C. found that General Motors led all automakers in using the highest percentage of U.S.- and Canadian-made parts and materials, known as total domestic content (TDC), in the assembly of their vehicles at its U.S. plants.
Continue reading “GM Uses Most Domestic Content When Assembling Its U.S.-Made Vehicles”
Tesla has announced that it is reducing used-vehicle warranty coverage on its older Model S sedans and Model X crossovers after the original warranty expires. This comes a few days after the electric vehicle (EV) maker dropped its seven-day “no questions asked” return policy on its newly purchased cars.
Continue reading “Tesla Cuts Back on Warranties for Older Models”
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