Auto Sector

Carmakers Report Monthly Sales Numbers with Most Gaining in February

Carmakers Report Monthly Sales Numbers with Most Gaining in February

In February, the auto manufacturers posted attractive figures, reflecting sales gains in the U. S, as the consumers started looking for new cars after the cold and snowy January.

Compared to last February sales, Ford's numbers climbed twenty percent. The sales were boosted partly by higher number of cars bought by the rental car fleets. Honda and Fiat Chrysler both gained with Honda's sales up 13 percent and Fiat's up 12 percent. Even the sale figures of Nissan climbed almost 11 percent with Toyota up 5 percent.

New Jersey, the Fourth U.S State to File a Lawsuit against Volkswagen Related to Excess Diesel Emissions

VolkswagenOn Friday, the New Jersey authorities filed a lawsuit against the German carmaker, Volkswagen AG and its luxury units for excess diesel emissions connected to its models. The count now goes up to four U.S. states to have taken legal action against the car maker.

Analysis by Deloitte Access Economics Reveals Uber Delivers $80million Worth Yearly Benefits to Australian Consumers

UberAn analysis by Deloitte Access Economics, says that Uber, the ride hailing services company generates yearly benefits of greater than $80 million to Australian consumers.

Uber operates through its app which connects drivers to users and processes fare payments. It also identifies the ratings that the drivers get from their consumers after a journey.

Reportedly Johnson Controls Planning to Buy Tyco

Reportedly Johnson Controls Planning to Buy TycoSources say that Johnson Controls Inc., a manufacturer of car batteries and heating and ventilation equipment is planning to acquire Tyco International Plc, a electronic security system and fire protection company.

Eighteen American and Foreign Car Manufacturers Agree to Analyze and Share Safety Data

Eighteen American and Foreign Car Manufacturers Agree to Analyze and Share Safety DataIn 2014, when Mark Rosekind was sworn in as the aadministrator of the National Highway Traffic Safety Administration he promised to penalize the automakers for violating federal safety rules.

Since then, he has several automakers have paid record fines and has accepted increased levels of government supervision.

Ford Motor Co. Expects Record 2015 Pretax Profit

Ford Motor Co. Expects Record 2015 Pretax ProfitFord Motor Co. said that the company has earned a record pretax profit in 2015. The amount is close to $10.5 billion.

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