<![CDATA[Colorado Springs Gazette RSS - auto]]> http://gazette.com/rss/auto Thu, 19 Apr 2018 03:55:07 -0600 Zend_Feed http://blogs.law.harvard.edu/tech/rss <![CDATA[Business Highlights]]> http://gazette.com/business-highlights/article/feed/22010?custom_click=rss http://gazette.com/business-highlights/article/feed/22010?custom_click=rss ___

Road to homeownership gets rockier this spring as rates rise

LOS ANGELES (AP) — Higher mortgage rates are making the already challenging task of buying an affordable home even tougher for many Americans this spring. In metro areas such as Denver, buyers are rushing to close a deal before mortgage rates get too high. In Dallas, some are embracing longer commutes to find homes they can afford. And in places such as Los Angeles and Phoenix, where the number of homes for sale is down sharply from a year ago, sellers routinely receive multiple offers.

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]]> Wed, 18 Apr 2018 16:37:29 -0600 <![CDATA[GOP's regulatory fight goes to another level over car loans]]> http://gazette.com/gops-regulatory-fight-goes-to-another-level-over-car-loans/article/feed/557632?custom_click=rss http://gazette.com/gops-regulatory-fight-goes-to-another-level-over-car-loans/article/feed/557632?custom_click=rss

WASHINGTON (AP) — The GOP-led Senate voted Wednesday to block Obama-era guidance a consumer protection agency issued five years ago to help ensure lenders don't charge blacks and Hispanics higher interest rates on car loans.

The vote was 51-47. Sen. Joe Manchin of West Virginia was the only Democratic lawmaker to side with Republicans in voting for the measure, which now must pass the House before it goes to President Donald Trump for his signature.

Republicans said that rescinding the guidance is necessary because it amounted to a backdoor attempt to regulate auto dealers. Congress expressly prohibited such regulation when establishing the consumer protection agency through passage of the Dodd-Frank Act in 2010.

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]]> Wed, 18 Apr 2018 12:39:08 -0600 <![CDATA[The Latest: GOP takes regulatory fight to car loans]]> http://gazette.com/the-latest-gop-takes-regulatory-fight-to-car-loans/article/feed/557796?custom_click=rss http://gazette.com/the-latest-gop-takes-regulatory-fight-to-car-loans/article/feed/557796?custom_click=rss WASHINGTON (AP) — The Latest on legislation that would overturn guidance on discrimination in auto loans (all times local):

12:30 p.m.

The GOP-led Senate has voted to block guidance a consumer protection agency issued five years ago to help ensure minority car buyers don't pay higher interest rates on car loans.

The vote was 51-47. Democratic Sen. Joe Manchin of West Virginia was the only lawmaker to cross party lines, voting yes.

Republicans say that rescinding the guidance is necessary because it amounted to a backdoor attempt to regulate auto dealers by a consumer protection agency that was prohibited from regulating that industry.

Democratic lawmakers argued that rolling back the guidance would hurt ma

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]]> Wed, 18 Apr 2018 12:22:16 -0600 <![CDATA[GM replaces Cadillac president after US sales decline]]> http://gazette.com/gm-replaces-cadillac-president-after-us-sales-decline/article/feed/557777?custom_click=rss http://gazette.com/gm-replaces-cadillac-president-after-us-sales-decline/article/feed/557777?custom_click=rss

DETROIT (AP) — General Motors has replaced the head of its Cadillac luxury brand, which has struggled for years to compete against German and Japanese luxury automakers in the U.S.

The company says Steve Carlisle will replace Johan de Nysschen, who is leaving to pursue other opportunities.

Carlisle had been managing director of GM's Canadian operations.

De Nysschen was hired away from Nissan's Infiniti luxury brand with much promise and named president of Cadillac in August of 2014. A few months later he moved the brand's headquarters from Detroit to New York in an effort to give Cadillac more sophistication.

But the move didn't help with buyers. Although sales grew globally, they fell during his tenure in the U

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]]> Wed, 18 Apr 2018 12:21:02 -0600 <![CDATA[Edmunds: How straight talk can land you a good deal]]> http://gazette.com/edmunds-how-straight-talk-can-land-you-a-good-deal/article/feed/557677?custom_click=rss http://gazette.com/edmunds-how-straight-talk-can-land-you-a-good-deal/article/feed/557677?custom_click=rss Most of us want a special deal when we're car shopping: a price that beats what our neighbor just got and, if we are lucky, one that's lower than our research says we should be able to get.

The good news is that it's not impossible to strike a much-better-than-average deal. The better news is that getting it doesn't require massive amounts of research, shopping or haggling.

Sometimes, the difference between a good and a great deal may simply come down to a few things that you tell your salesperson in the days leading up to your purchase. This does fly in the face of traditional car-shopping advice, which urges shoppers to withhold information or even lie to car dealers. (Indeed, there's an old dealership saying: "Buyers are l

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]]> Wed, 18 Apr 2018 05:11:33 -0600 <![CDATA[Germany: prosecutors carry out raids in Porsche diesel probe]]> http://gazette.com/germany-prosecutors-carry-out-raids-in-porsche-diesel-probe/article/feed/557671?custom_click=rss http://gazette.com/germany-prosecutors-carry-out-raids-in-porsche-diesel-probe/article/feed/557671?custom_click=rss

BERLIN (AP) — Prosecutors have carried out raids at 10 locations in southern Germany in an investigation of current and former managers at automaker Porsche, a unit of Volkswagen, over the company's diesel emissions scandal.

Stuttgart prosecutors said Wednesday's raids, in the southern states of Baden-Wuerttemberg and Bavaria, are part of an investigation into suspicions of fraud and misleading advertising. They said the investigation concerns a Porsche board member, another member of its upper management and a third person who is no longer employed by Porsche.

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]]> Wed, 18 Apr 2018 04:00:51 -0600 <![CDATA[Amid trade rift, China to allow full foreign auto ownership]]> http://gazette.com/amid-trade-rift-china-to-allow-full-foreign-auto-ownership/article/feed/557339?custom_click=rss http://gazette.com/amid-trade-rift-china-to-allow-full-foreign-auto-ownership/article/feed/557339?custom_click=rss

BEIJING (AP) — Facing the risk of a trade fight with the United States, China announced plans Tuesday to allow full foreign ownership of automakers in five years.

The change would scrap rules that require global automakers to work through state-owned partners — an arrangement that forces those foreign companies to share technology with potential competitors in China. It was unclear whether Beijing's action might mollify U.S. President Donald Trump, who has threatened to slap tariffs on $150 billion of Chinese goods in response to complaints that Beijing pressures foreign companies to hand over technology.

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]]> Tue, 17 Apr 2018 13:22:16 -0600 <![CDATA[Tesla shuts down Model 3 assembly again to fix bottlenecks]]> http://gazette.com/tesla-shuts-down-model-3-assembly-again-to-fix-bottlenecks/article/feed/557420?custom_click=rss http://gazette.com/tesla-shuts-down-model-3-assembly-again-to-fix-bottlenecks/article/feed/557420?custom_click=rss FREMONT, Calif. (AP) — Shares of Tesla Inc. traded lower Tuesday after reports that the company had shut down production of its Model 3 mass-market electric car again to solve manufacturing bottlenecks.

The automaker told employees this week there would be a four- or five-day production hiatus. The company says it warned of future production pauses when it shut down the line to improve automation in February .

Tesla says shutdowns are common when a new model is launched and will improve production rates. But Autopacific analyst Dave Sullivan says manufacturing doesn't normally stop for days, especially nine months after production began.

Tesla shares dropped 1 percent to $287.80 in morning trading. The broader markets

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]]> Tue, 17 Apr 2018 09:30:37 -0600 <![CDATA[US factory output ticked up just 0.1 percent in March]]> http://gazette.com/us-factory-output-ticked-up-just-0.1-percent-in-march/article/feed/557397?custom_click=rss http://gazette.com/us-factory-output-ticked-up-just-0.1-percent-in-march/article/feed/557397?custom_click=rss

WASHINGTON (AP) — U.S. factory output edged up a slight 0.1 percent in March, as strong production gains in motor vehicles and electronics were partially offset by declines in food and textiles.

The Federal Reserve said Tuesday that factory output slowed from a 1.5 percent gain in February, though it has risen 3 percent over the past year. Overall industrial production, which includes mines and utilities, rose 0.5 percent in March. Utility production jumped 3 percent last month, while mining output increased 1 percent.

"American factories, mines and oil wells are hopping," said Sal Guatieri, a senior economist at BMO Capital Markets.

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]]> Tue, 17 Apr 2018 09:17:22 -0600 <![CDATA[Asian shares flat to slightly higher as geopolitics weigh]]> http://gazette.com/asian-shares-flat-to-slightly-higher-as-geopolitics-weigh/article/feed/557112?custom_click=rss http://gazette.com/asian-shares-flat-to-slightly-higher-as-geopolitics-weigh/article/feed/557112?custom_click=rss

TOKYO (AP) — Asian shares are flat to slightly higher amid persisting worries over trade tensions between China. Overnight, investors registered relief that air strikes on Syria were contained and unlikely to escalate.

KEEPING SCORE: Japan's benchmark Nikkei 225 erased initial gains and was virtually unchanged at 21,837.88. Australia's S&P/ASX 200 added 0.4 percent to 5,861.50. South Korea's Kospi lost 0.2 percent to 2,452.35. Hong Kong's Hang Seng shed 0.1 percent at 30,300.30, while the Shanghai Composite dropped 0.4 percent to 3,099.90. Shares fell in Taiwan but rose in Singapore and Indonesia.

CHINA FACTOR: China's economic growth held steady in the quarter ending in March, buoyed by investment and rapid growth in e-com

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]]> Mon, 16 Apr 2018 23:10:51 -0600 <![CDATA[Markets Right Now: US stocks indexes close broadly higher]]> http://gazette.com/markets-right-now-us-stocks-indexes-close-broadly-higher/article/feed/557106?custom_click=rss http://gazette.com/markets-right-now-us-stocks-indexes-close-broadly-higher/article/feed/557106?custom_click=rss

NEW YORK (AP) — The latest on developments in financial markets (all times local):

4 p.m.

Stocks are closing broadly higher as technology, health care and industrial companies post solid gains.

Microsoft rose 1.2 percent Monday and UnitedHealth Group jumped 2.7 percent.

Truck and engine maker Navistar jumped 9.8 percent after Reuters reported that Volkswagen might buy the company.

Advertising conglomerate WPP sank 4.7 percent after Martin Sorrell said he would step down as CEO.

The S&P 500 index rose 21 points, or 0.8 percent, to 2,677.

The Dow Jones industrial average rose 212 points, or 0.9 percent, to 24,573. The Nasdaq composite climbed 49 points, or 0.7 percent, to 7,156.

The price o

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]]> Mon, 16 Apr 2018 15:07:38 -0600 <![CDATA[Toyota to start deploying vehicle-to-vehicle tech in 2021]]> http://gazette.com/toyota-to-start-deploying-vehicle-to-vehicle-tech-in-2021/article/feed/557177?custom_click=rss http://gazette.com/toyota-to-start-deploying-vehicle-to-vehicle-tech-in-2021/article/feed/557177?custom_click=rss

DETROIT (AP) — Toyota says it will start equipping models with technology to talk to other vehicles starting in 2021, as it tries to push safety communications forward. The company says most of its U.S. models should have the feature by the mid-2020s.

Vehicle-to-vehicle signals can warn others of heavy braking ahead or that another vehicle is headed into their path.

Vice President of Product Planning Andrew Coetzee (Cute-ZEE) says the cars would use dedicated airwaves to send signals up to 984 feet (300 meters).

Coetzee hopes other automakers will join. Others are testing it and standards have been developed so they can communicate.

Toyota is leading on automatic emergency braking, making it standard on all but

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]]> Mon, 16 Apr 2018 12:24:59 -0600 <![CDATA[Cadillac and Corvette team for a GM sweep at Long Beach]]> http://gazette.com/cadillac-and-corvette-team-for-a-gm-sweep-at-long-beach/article/feed/556837?custom_click=rss http://gazette.com/cadillac-and-corvette-team-for-a-gm-sweep-at-long-beach/article/feed/556837?custom_click=rss LONG BEACH, Calif. (AP) — Cadillac retained its spot in victory lane at the Grand Prix at Long Beach but it wasn't the usual winners.

Joao Barbosa and Filipe Albuquerque ended Wayne Taylor Racing's three-year winning streak at Long Beach by driving their Cadillac DPi-V.R. to victory for Action Express Racing. It's their second win of the season, but first for both drivers at Long Beach.

The victory was the 20th in IMSA sports car competition for Action Express, which took over the Prototype points lead.

Ryan Dalziel and Scott Sharp finished second in a Tequila Patron ESM Nissan DPi, their second consecutive year as runner-ups. Wayne Taylor Racing rounded out the podium with Jordan Taylor and Renger van der Zande finis

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]]> Sat, 14 Apr 2018 19:21:15 -0600 <![CDATA[GM ending shift at Ohio car plant amid sales slowdown]]> http://gazette.com/gm-ending-shift-at-ohio-car-plant-amid-sales-slowdown/article/feed/556712?custom_click=rss http://gazette.com/gm-ending-shift-at-ohio-car-plant-amid-sales-slowdown/article/feed/556712?custom_click=rss LORDSTOWN, Ohio (AP) — General Motors says it will eliminate a production shift at its Chevy Cruze manufacturing plant in Ohio that could cost as many as 1,500 jobs.

GM attributes the move announced Friday to falling sales of compact cars.

The automaker says it will cut second shift operations at its Lordstown factory outside Cleveland by the end of June.

GM officials say they won't know for several weeks how many jobs will be eliminated because of buyout offers and other factors.

The automaker last year eliminated the plant's third shift and stopped production altogether for several weeks during summer because of shifting demand from cars to trucks and SUVS.

GM projects this year's Cruze sales to be on pa

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]]> Sat, 14 Apr 2018 09:05:35 -0600 <![CDATA[With new CEO, VW shifts focus from scandal to future tech]]> http://gazette.com/with-new-ceo-vw-shifts-focus-from-scandal-to-future-tech/article/feed/556396?custom_click=rss http://gazette.com/with-new-ceo-vw-shifts-focus-from-scandal-to-future-tech/article/feed/556396?custom_click=rss

FRANKFURT, Germany (AP) — Volkswagen's new CEO said Friday that the automaker must "significantly step up the pace" as it pushes into electric and self-driving vehicle technologies and shakes up its culture in the wake of a scandal over diesel emissions.

Herbert Diess said a new management structure bundling the company's dozen brands in just three divisions would mean faster decisions as the company implements a broad strategy aimed at keeping up with changes in how people use cars.

The 59-year-old Diess was named Thursday as the German automaker's new boss, replacing longtime insider Matthias Mueller. Diess came to Volkswagen only two years ago from competitor BMW and takes over with a mandate to press changes in the comp

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]]> Fri, 13 Apr 2018 07:34:30 -0600