<![CDATA[Colorado Springs Gazette RSS - auto]]> http://gazette.com/rss/auto Wed, 29 Jul 2015 07:31:10 -0600 Zend_Feed http://blogs.law.harvard.edu/tech/rss <![CDATA[US strength helps Goodyear top expectations]]> http://gazette.com/us-strength-helps-goodyear-top-expectations/article/feed/256479?custom_click=rss http://gazette.com/us-strength-helps-goodyear-top-expectations/article/feed/256479?custom_click=rss

AKRON, Ohio (AP) — The Goodyear Tire & Rubber Co. on Wednesday reported a drop in second-quarter profit as a strong U.S. dollar cut into international sales, but the results beat Wall Street expectations.

The tire maker's profit fell 9.9 percent to $192 million, or 70 cents per share. Earnings, adjusted for non-recurring costs, were 84 cents per share.

The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share.

The Akron, Ohio-based company saw revenue fall 10.4 percent to $4.17 billion in the period, which also beat Wall Street forecasts. Three analysts surveyed by Zacks expected $4.08 billion.

Sales in North America fell 1 percent to $2.

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]]> Wed, 29 Jul 2015 07:53:24 -0600 <![CDATA[Average US vehicle age hits record 11.5 years]]> http://gazette.com/average-us-vehicle-age-hits-record-11.5-years/article/feed/256447?custom_click=rss http://gazette.com/average-us-vehicle-age-hits-record-11.5-years/article/feed/256447?custom_click=rss

DETROIT (AP) — In the age of Apple's CarPlay, a lot of cars on the road still have tape decks.

The average vehicle in the U.S. is now a record 11.5 years old, according to consulting firm IHS Automotive, a sign of the increased reliability of today's vehicles and the lingering impact of the sharp drop in new car sales during the recession.

Drivers behind the wheel of older cars aren't enjoying some of the latest advanced safety features or infotainment systems that effectively turn cars into cellphones on wheels. Then again, they don't have to worry about hackers finding their way in to the car's computer network through the cassette or CD player.

IHS said U.S. registrations grew to a record 257.9 million cars and tru

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]]> Wed, 29 Jul 2015 06:29:23 -0600 <![CDATA[Spanish competition authorities fine 20 auto companies]]> http://gazette.com/spanish-competition-authorities-fine-20-auto-companies/article/feed/256450?custom_click=rss http://gazette.com/spanish-competition-authorities-fine-20-auto-companies/article/feed/256450?custom_click=rss MADRID (AP) — Spain's competition authorities have fined 20 car manufacturers and distributors 171 million euros ($188 million) for practices it said constituted a cartel.

A statement from the National Markets and Competition Commission said that the sanctioned companies "exchanged commercially sensitive and strategic information in the Spanish vehicle distribution and after-sales market for the brands involved."

The companies fined included Spanish subsidiaries and distributors of BMW, Chrysler, Chevrolet, Citroen, Fiat, General Motors, Honda, Hyundai, Kia, Mazda, Mercedes Benz, Mitsubishi, Nissan, Peugeot, Renault, Toyota and Volvo.

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]]> Wed, 29 Jul 2015 06:18:49 -0600 <![CDATA[China auto sales slump hits industry fortunes]]> http://gazette.com/china-auto-sales-slump-hits-industry-fortunes/article/feed/256424?custom_click=rss http://gazette.com/china-auto-sales-slump-hits-industry-fortunes/article/feed/256424?custom_click=rss

BEIJING (AP) — General Motors Co.'s $5 billion initiative to create cars for China and other emerging markets comes just as automakers face a collapse in the booming Chinese demand they were counting on to power their growth.

June sales in the biggest car market by number of vehicles sold shrank by 3.4 percent from a year earlier as an economic slowdown deepened and smog-choked cities tried to curb growth in car ownership. Sales growth has cooled from 2009's explosive peak of 45 percent, but the latest figures surprised analysts, who were forecasting a healthy 7 to 8 percent for this year.

On Wednesday, Volkswagen AG said its second-quarter profit fell 16 percent due partly to weakness in China, where first-half sales fell

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]]> Wed, 29 Jul 2015 05:32:07 -0600 <![CDATA[Nissan's quarterly profit up on cheap yen, US sales growth]]> http://gazette.com/nissans-quarterly-profit-up-on-cheap-yen-us-sales-growth/article/feed/256422?custom_click=rss http://gazette.com/nissans-quarterly-profit-up-on-cheap-yen-us-sales-growth/article/feed/256422?custom_click=rss

TOKYO (AP) — Nissan's April-June profit jumped 36 percent as the Japanese automaker benefited from a cheap yen and better sales in the U.S. and Europe.

Nissan Motor Co., which makes the March subcompact, Leaf electric car and Infiniti luxury models, reported Wednesday a fiscal first quarter profit of 152.8 billion yen ($1.2 billion). Quarterly sales grew nearly 18 percent to 2.9 trillion yen ($23 billion).

Nissan stuck to its forecast for a 485 billion yen ($4 billion) annual profit.

"Given our on-going product offensive, the benefits of our alliance strategy and continued cost discipline, Nissan is on track to deliver its full-year financial guidance," said Carlos Ghosn, president and chief executive, who also heads

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]]> Wed, 29 Jul 2015 04:29:25 -0600 <![CDATA[Volkswagen Q2 earns slip on restructuring, troubled markets]]> http://gazette.com/volkswagen-q2-earns-slip-on-restructuring-troubled-markets/article/feed/256423?custom_click=rss http://gazette.com/volkswagen-q2-earns-slip-on-restructuring-troubled-markets/article/feed/256423?custom_click=rss

FRANKFURT, Germany (AP) — Automaker Volkswagen AG saw profits slip in the second quarter despite taking the global lead in sales over Toyota and GM.

The Wolfsburg, Germany-based automaker was hit by 180 million euros ($198 million) in restructuring costs at its MAN truck division. More broadly, it faces headwinds from troubled economies in China, Russia and Brazil.

Profit after tax fell to 2.73 billion euros from 3.25 billion euros in the prior-year quarter. Revenues rose 9.9 percent to 56.04 billion euros, largely boosted by favorable exchange rate changes.

CEO Martin Winterkorn warned against becoming complacent over the sales lead, saying that "size was not an end in itself.

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]]> Wed, 29 Jul 2015 02:52:02 -0600 <![CDATA[Asian stocks post cautious gains ahead of Fed statement]]> http://gazette.com/asian-stocks-post-cautious-gains-ahead-of-fed-statement/article/feed/256164?custom_click=rss http://gazette.com/asian-stocks-post-cautious-gains-ahead-of-fed-statement/article/feed/256164?custom_click=rss TOKYO (AP) — Asian stock markets mostly made modest gains Wednesday as the recent plunge in Chinese shares kept investors on edge and attention turned to a Federal Reserve meeting that might give clues about the timing of a U.S. interest rate hike.

KEEPING SCORE: China's Shanghai Composite Index was up 0.5 percent to 3,680.91 and Hong Kong's Hang Seng added 0.2 percent to 24,549.21. Japan's Nikkei 225 edged down 0.6 percent to 20,210.96. South Korea's Kospi rose 0.5 percent to 2,049.77. Benchmarks in Singapore and Taiwan fell while Australia, Philippines and Indonesia rose.

FED MEETING: Traders are focusing on the U.S. Federal Reserve as they try to assess when interest rates will rise. Fed policymakers started a two-day me

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]]> Tue, 28 Jul 2015 22:35:26 -0600 <![CDATA[From rents to haircuts, Americans start to feel price hikes]]> http://gazette.com/from-rents-to-haircuts-americans-start-to-feel-price-hikes/article/feed/256134?custom_click=rss http://gazette.com/from-rents-to-haircuts-americans-start-to-feel-price-hikes/article/feed/256134?custom_click=rss

WASHINGTON (AP) — Apartment rents are up. So are prices for restaurant meals, haircuts, gym memberships and a cup of coffee.

For American consumers who have become used to flat or even falling prices for several years, an unfamiliar sight has emerged in many corners of the economy: Inflation is ticking up.

The price increases remain modest. And in many cases, they're canceled out by price declines for other items that are keeping overall inflation historically low.

Yet the stepped-up price tags for a range of consumer items are the largest since the Great Recession ended six years ago. They actually reflect a healthier economy: Many businesses have finally grown confident enough to pass their own higher costs on to co

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]]> Tue, 28 Jul 2015 20:30:16 -0600 <![CDATA[Washington governor seeks plan to limit carbon emissions]]> http://gazette.com/washington-governor-seeks-plan-to-limit-carbon-emissions/article/feed/256227?custom_click=rss http://gazette.com/washington-governor-seeks-plan-to-limit-carbon-emissions/article/feed/256227?custom_click=rss OLYMPIA, Wash. (AP) — Gov. Jay Inslee on Tuesday directed the state Department of Ecology to develop a plan to cap carbon emissions in the state and to increase enforcement of existing pollution laws, saying that the state can't wait for legislative action to address climate change.

"Carbon pollution and the climate change it causes pose a very real and existential threat to our state," Inslee said in a written statement.

The plan to cap emissions would ensure the state met limits set by the Legislature in 2008, Inlsee's office said. Under a law signed by then-Gov. Chris Gregoire, the state must cut greenhouse gas emissions to 1990 levels by 2020; to 25 percent below 1990 levels by 2035; and to 50 percent below 1990 levels

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]]> Tue, 28 Jul 2015 18:24:40 -0600 <![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 ___

From rents to haircuts, Americans start to feel price hikes

WASHINGTON (AP) —An unfamiliar sight for U.S. consumers has emerged in parts of the economy — higher prices.

The price increases remain modest, but they are the largest since the Great Recession ended six years ago. These increases actually reflect a healthier economy as many businesses have finally grown confident enough to pass their own higher costs on to consumers without fear of losing customers.

Signs of emergent inflation are a key reason the Federal Reserve will likely raise interest rates from record lows later this year.

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]]> Tue, 28 Jul 2015 16:29:27 -0600 <![CDATA[US agency denies request for Fiat Chrysler investigation]]> http://gazette.com/us-agency-denies-request-for-fiat-chrysler-investigation/article/feed/256233?custom_click=rss http://gazette.com/us-agency-denies-request-for-fiat-chrysler-investigation/article/feed/256233?custom_click=rss DETROIT (AP) — U.S. auto safety regulators have rejected a request from an advocacy group to investigate power system failures in almost 5 million Fiat Chrysler vehicles that potentially could cause stalling and other problems.

The National Highway Traffic Safety Administration said in documents posted Tuesday that two fuel pump relay recalls took care of stalling and "no start" problems, and that there was no valid evidence to support the group's other claims.

The Center for Auto Safety, a nonprofit group founded by Ralph Nader, filed a petition last August asking for an investigation.

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]]> Tue, 28 Jul 2015 16:18:55 -0600 <![CDATA[Ga. Judge cuts damages in Jeep fire death from $150M to $40M]]> http://gazette.com/ga.-judge-cuts-damages-in-jeep-fire-death-from-150m-to-40m/article/feed/256174?custom_click=rss http://gazette.com/ga.-judge-cuts-damages-in-jeep-fire-death-from-150m-to-40m/article/feed/256174?custom_click=rss

DETROIT (AP) — A Georgia judge has cut the damages that Fiat Chrysler must pay the family of a child who died in a Jeep SUV fire from $150 million to $40 million.

Decatur County Superior Court Judge J. Kevin Chason also denied Fiat Chrysler's motion for a new trial, dismissing arguments that jurors acted irrationally in the case.

In a ruling issued Friday and made public Tuesday, Chason decided that the family of 4-year-old Remington Walden should get $30 million for his death and $10 million for pain and suffering. The ruling was accepted by the family's attorneys and opens a path for Fiat Chrysler Automobiles NV to appeal.

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]]> Tue, 28 Jul 2015 14:40:41 -0600 <![CDATA[Oklahoma gas prices falling, down 8 cents in past week]]> http://gazette.com/oklahoma-gas-prices-falling-down-8-cents-in-past-week/article/feed/256200?custom_click=rss http://gazette.com/oklahoma-gas-prices-falling-down-8-cents-in-past-week/article/feed/256200?custom_click=rss OKLAHOMA CITY (AP) — The price of gasoline is falling in Oklahoma.

AAA Oklahoma reports the average price for a gallon of self-serve regular in Oklahoma was $2.57 Tuesday — down 8 cents from six days ago when the average was the highest it has been in 2015 in the state.

AAA spokesman Chuck May says refinery issues in the Midwestern U.S. have been resolved and production is rising. He says the two factors will likely push prices even lower.

Prices in selected cities in the state range from $2.42 per gallon in Lawton to $2.69 in Guymon. Drivers in Oklahoma City are paying an average of $2.57 per gallon and those in Tulsa are paying about $2.54.

The national average is $2.70 per gallon, down by 5 cents from a wee

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]]> Tue, 28 Jul 2015 14:26:27 -0600 <![CDATA[Fiat Chrysler says it has a software fix to prevent hacking]]> http://gazette.com/fiat-chrysler-says-it-has-a-software-fix-to-prevent-hacking/article/1556408?custom_click=rss http://gazette.com/fiat-chrysler-says-it-has-a-software-fix-to-prevent-hacking/article/1556408?custom_click=rss
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Tue, 28 Jul 2015 13:52:39 -0600
<![CDATA[Car Talk]]> http://gazette.com/car-talk/article/1556407?custom_click=rss http://gazette.com/car-talk/article/1556407?custom_click=rss I write today to ask that you clarify the role of idling when it comes to gasoline cars, diesel pickups and large, over-the-road commercial vehicles

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Tue, 28 Jul 2015 13:47:02 -0600
<![CDATA[Jaguar XJ flagship is distinctive luxury style]]> http://gazette.com/jaguar-xj-flagship-is-distinctive-luxury-style/article/1556406?custom_click=rss http://gazette.com/jaguar-xj-flagship-is-distinctive-luxury-style/article/1556406?custom_click=rss An odd thing happened as Americans' taste for luxury vehicles grew in recent years: Jaguar, the venerable British marquee, struggled to gain traction.

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Tue, 28 Jul 2015 13:37:02 -0600
<![CDATA[New electric car quick-charging station opens in Portland]]> http://gazette.com/new-electric-car-quick-charging-station-opens-in-portland/article/feed/256139?custom_click=rss http://gazette.com/new-electric-car-quick-charging-station-opens-in-portland/article/feed/256139?custom_click=rss PORTLAND, Ore. (AP) — The largest lineup of electric car quick-charging stations in downtown Portland is open for business.

The project by Portland General Electric features six charging stations, including four universal quick chargers that can recharge a typical electric vehicle in 30 minutes.

Dubbed Electric Avenue, the charging facility is outside PGE's headquarters in the World Trade Center building, moved there from its previous location on the Portland State University campus.

There are an estimated 4,000 electric car drivers in the Portland area. Proponents say the vehicles offer environmental benefits and lower operating costs than gasoline-powered cars.

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]]> Tue, 28 Jul 2015 12:19:04 -0600 <![CDATA[Ford surprises in 2Q with record North American profit]]> http://gazette.com/ford-surprises-in-2q-with-record-north-american-profit/article/feed/256029?custom_click=rss http://gazette.com/ford-surprises-in-2q-with-record-north-american-profit/article/feed/256029?custom_click=rss

DEARBORN, Michigan (AP) — Ford Motor Co.'s net income jumped 44 percent to $1.9 billion in the second quarter as global sales rose and customers paid more for new trucks and SUVs with premium features.

Ford pulled off a record quarterly profit of $2.6 billion in North America even though dealerships weren't fully stocked with its best-selling vehicle, the F-150 pickup. The results bode well for the second half of the year, when Ford's two U.S. truck plants will be in full production and dealers will have more pickups to sell.

"We are now more confident than ever that we will deliver a breakthrough year," Ford's CEO Mark Fields said on a conference call with analysts. Fields said Ford still expects to achieve a pretax profit

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]]> Tue, 28 Jul 2015 11:40:43 -0600 <![CDATA[VW SportWagen - sporty, versatile and fun to drive]]> http://gazette.com/vw-sportwagen-sporty-versatile-and-fun-to-drive/article/1555798?custom_click=rss http://gazette.com/vw-sportwagen-sporty-versatile-and-fun-to-drive/article/1555798?custom_click=rss Sponsored

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Fri, 17 Jul 2015 12:40:03 -0600