Auto Sector

Japanese Auto-Part Makers Fined $202 Million in China

Japanese Auto-Part Makers Fined $202 Million in ChinaOn Wednesday, National Development Reform Commission, the anti-monopoly regulator of China said that it has ordered twelve manufacturers of bearing and auto parts to pay fines which amounts to a total of 1.24 billion yuan or $201.80 million for manipulation of prices and all of them are Japanese in origin.

Tesla Increases Warranty of Model S to 8-Years a Factor That Will Cut Down Company Profit

Tesla Increases Warranty of Model S to 8-Years a Factor That Will Cut Down Company ProfitTesla Motors Inc. is increasing the period of warranty for its Model S electric sedan and is offering unlimited mileage for the vehicle and battery pack and is increasing it to eight years to relieve concerns of reliability. This move will have negative effects on the company's profit.

Sales Figures for New cars and Truck Move Up

Sales Figures for New cars and Truck Move UpIn July, Hamilton City saw the number of sale for new car and truck move up for the third straight month when compared to the records of the previous year.

The figures for vehicles that were sold last month in the county grew by almost 8.5 percent than it was a year ago, keeping pace with the growth seen in sales all over the nation.

Ford releases horsepower ratings for 2015 Mustang engines

FordLast week, Ford released horsepower ratings for each of the three engines which will equip the company's new 2015 Mustang --- the all-new next-generation Mustang which will hit the markets this fall.

Volkswagen Plans to add SUV line to Its Existing Plant in Tennessee

Volkswagen Plans to add SUV line to Its Existing Plant in TennesseeSix years have passed since Volkswagen first moved into Chattanooga, Tenn. The auto manufacturer will today begin a new chapter as it gears up to manufacture a new vehicle that will create approximately 2,000 more jobs and will add an investment of added $600 million to the already existent plant there.

GM recalls 8.45 million more vehicles to fix ignition-key glitch

GM recalls 8.45 million more vehicles to fix ignition-key glitchStepping up efforts to shed its reputation for foot-dragging on faulty parts, auto giant General Motors (GM) yesterday announced the recall of 8.45 million more vehicles.

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