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April 26, 2016 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Fiat Chryslerís Profit Jumps on Strong North American Performance
VW Passes Toyota as Stoppages Threaten 4-Year Global Sales Reign
Mitsubishi Motors' Improper Mileage Tests Date Back to 1991
U.S. Ends Honda Probe for Failing to Report Deaths
Ford, Volvo, Google, Uber, Lyft Form Coalition to Promote Self-Driving Cars
Toledo Tees Up Celebration for Jeep's 75th Anniversary
Top Stories
Fiat Chryslerís Profit Jumps on Strong North American Performance

Consumers snap up the auto maker’s higher-priced sport-utility vehicles and pickup trucks

Fiat Chrysler Automobiles NV said its first-quarter net profit rose to €478 million ($539 million) as North American consumers snapped up the auto maker’s higher-priced sport-utility vehicles and pickup trucks. The results suggest Chief Executive Sergio Marchionne’s plan to turn the U.S. market into a big-vehicle profit machine may be paying off.
Source: The Wall Street Journal

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VW Passes Toyota as Stoppages Threaten 4-Year Global Sales Reign

Volkswagen Group pulled ahead of Toyota Motor Corp.'s global deliveries during the first quarter, as a series of production stoppages at home threaten the Japanese automaker's four-year reign atop auto industry sales charts. Toyota’s worldwide sales fell 2.3 percent to 2.46 million vehicles in the January-to-March period, spokeswoman Kayo Doi said today. Volkswagen said earlier this month its deliveries rose 0.8 percent to 2.5 million, while General Motors Co.’s sales dropped 2.5 percent to 2.36 million.
Source: Bloomberg

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Mitsubishi Motors' Improper Mileage Tests Date Back to 1991

Mitsubishi Motors Corp. said it has improperly tested the fuel economy of its cars for the past quarter century, deepening a crisis that’s already wiped out half its market value. The automaker formed a panel of three former prosecutors to investigate improper testing that goes back as far back as 1991, including the falsification of fuel efficiency data, according to a statement Tuesday. The company said last week it hadn’t been complying with Japanese testing standards since 2002.
Source: Bloomberg

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U.S. Ends Honda Probe for Failing to Report Deaths

The U.S. government has closed an investigation into Honda’s failure to report deaths and injuries, saying that the company has met all of its obligations. The National Highway Traffic Safety Administration says in documents posted on its website Monday that Honda paid a $70 million fine and took steps needed to make sure similar failures don’t happen again.
Source: Associated Press

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Ford, Volvo, Google, Uber, Lyft Form Coalition to Promote Self-Driving Cars

Ford Motor Co., Volvo Cars, Google and two ride-hailing companies said they are forming a coalition to urge federal action on self-driving cars. The Self-Driving Coalition for Safer Streets, which also includes Uber Technologies Inc. and Lyft, is "to work with lawmakers, regulators, and the public to realize the safety and societal benefits of self-driving vehicles."
Source: Reuters

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Toledo Tees Up Celebration for Jeep's 75th Anniversary

The first Willys MB Jeeps were produced in 1941 for the U.S. military in Toledo. Toledo will mark the 75th anniversary of Jeep with a daylong celebration on Aug. 13 to commemorate the brand's role in World War II,    its heritage in Toledo and its future as an SUV brand that continues to expand globally. The Toledo Jeep Fest will include a parade supported by the U.S. military, indoor and outdoor car shows, historic displays, live bands and food vendors. The free event, spearheaded by UAW Local 12, will be supported by the city and Fiat Chrysler Automobiles.
Source: Detroit Free Press

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          "The best path for this innovation is to have one clear set of federal standards and the coalition will work with policymakers to find the right solutions that will facilitate the deployment of self-driving vehicles."

              -- David Strickland, former head of NHTSA, on a newly formed coalition to urge federal action on self-driving cars, Reuters, April 26

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