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Inside this issue
Takata Rejects U.S.Senator's Call for Air-Bag Victim Fund
Ford to Shift Work Abroad
Volvo Offers Lifetime Warranty on Replacement Parts
18.6 Million Used Sales in First Half of 2015
Metro Detroit Custom-Car Shop Stars in NBCSN Reality Show
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Top Stories
Takata Rejects U.S.Senator's Call for Air-Bag Victim Fund

Takata Corp., the Japanese auto-parts maker at the center of a global safety crisis, rejected a U.S. Senator’s request to set up a fund that would compensate people injured or killed by its air bags. The auto supplier notified U.S. Senator Richard Blumenthal of its decision after the Connecticut Democrat called for a fund similar to what General Motors Co. established last year for people killed or injured by defective ignition switches. Takata has said its air bags have killed eight and injured about 130 people. “While we do not believe establishing a general compensation fund is warranted at this time, we will continue to assess our position as we focus on how best to address the needs of individuals affected by an inflator rupture,” Takata said in an e-mailed statement.
Source: Bloomberg
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Ford to Shift Work Abroad

Car maker to end U.S. production of Focus sedans as demand for small cars fades

The auto industry’s attempt to build small cars profitably in the U.S. has hit a pothole. Ford Motor Co. said a Michigan factory that assembles its small Ford Focus and C-Max wagon will end production of those vehicles in 2018 in a new setback to efforts to create a market for small cars made in the U.S. Production of the Focus will be moved outside the U.S. The move could put pressure on the United Auto Workers union to temper demands for wage increases in upcoming contract negotiations. Ford, General Motors Co. and Fiat Chrysler Automobiles NV, although profitable, are struggling to keep pace with lower-cost Asian auto makers that now have the added advantage of weaker currencies compared with the U.S. dollar.
Source: The Wall Street Journal

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Volvo Offers Lifetime Warranty on Replacement Parts

Volvo Cars of North America is rolling out a lifetime warranty on parts and labor for all vehicles serviced after the factory warranty at any Volvo dealership. Volvo owners will pay for initial parts replacements on vehicles with expired factory warranties, but if that part ever fails again, all subsequent repairs and replacements are made for free at any Volvo dealership under the new warranty, the automaker said. The deal applies to Volvos from all model years and is offered at all Volvo dealerships in North America.
Source: Automotive News
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18.6 Million Used Sales in First Half of 2015

Pushed by growing pre-owned demand and a couple of market conditions making it ripe for consumers to go shopping, used-car sales in the first half of 2015 climbed above 18 million units and beat the year-ago pace by 1.3 percent. That’s according to a recap released Thursday by the National Automobile Dealers Association, which said there were nearly 4.4 million used sales in June. That compares to 4.3 million used sales in the same month of 2014. Through June, there have been close to 18.6 million used sales, against 18.4 million in the first half of 2014.
Source: Auto Remarketing
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Metro Detroit Custom-Car Shop Stars in NBCSN Reality Show

"Detroit is a real tough and gritty place and that's what Mobsteel is," says Adam Genei in the trailer for the latest auto-themed reality series. "Mobsteel" is coming to NBCSN next month, the sports cable network announced [Thursday]. The eight-episode show focuses on Brighton's Mobsteel custom car shop, where vintage rides are given new swagger. Or, to put it another way, "bad-ass cars become modern-day street machines," as Mobsteel founder Genei says in a clip. The show is scheduled to debut at 6 p.m. on Aug. 16, right after the network's coverage of the NASCAR Sprint Cup Series Pure Michigan 400 from Michigan International Speedway.
Source: Detroit Free Press
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Quotable
"Used-car sales have risen this year because of increased consumer demand. More car shoppers are looking to trade-in and trade up their vehicles."

    -- NADA Chief Economist Steven Szakaly, commenting on increased used-car sales, Auto Remarketing, July 9

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