GM Recalls 34,000 Vehicles for Transmission Problems
General Motors is recalling nearly 34,000 Buicks and Cadillacs in the U.S., Canada and elsewhere to fix a problem with the automatic transmissions.
General Motors is recalling nearly 34,000 Buicks and Cadillacs in the U.S., Canada and elsewhere to fix a problem with the automatic transmissions.
Lexus topped the rankings in Consumer Reports's 2013 automotive brand report card. Detroit automakers didn't fare very well -- Cadillac's 14th place tie was the best for U.S. brand -- while Japanese automakers again dominated, taking eight of the top 10 spots.
Ford unveiled a surprise this week: It's relaunching the Lincoln brand, and committing more than $1 billion to the effort. The renewal of the luxury brand is about more than just prestige. It's about big profits, and a push by Ford into one very big foreign market.
Thanks to strong new products, hard work, and the American taxpayer, GM continued its profitable ways in the first quarter. The world's largest automaker reported a profit of $1 billion on the strength of its operations in the U.S. and China.
One recent study of used-car buying habits found that women were more likely to do research, ask tougher questions, and have a mechanic inspect a used car before buying. Another study on new-car buying preferences shows that women make more practical automotive choices.
Despite its troubles in recent years, Toyota retained its crown in Consumer Reports' annual survey of auto-brand perception, but the survey also showed that Ford is rapidly closing the gap, and other brands aren't far behind.
A software glitch in certain Buick Lacrosse sedans and Cadillac SRX crossovers could decrease a driver's visibility in fog or ice, prompting GM to recall 10,000 of the vehicles.
It was a good month for auto sales despite inclement weather across much of the country and surging oil prices. Cars sold near an annual pace of 13 million vehicles. That would make February the best on record since the "cash for clunkers" rebate program in 2009.
GM models sold smartly despite the steadily rising price of gas. GM says it sold 207,028 vehicles during the month. The increase was driven largely by a 70% jump in retail, or individual consumer, sales.
Major automakers are set to release February sales figures on Tuesday, and analysts expect the reports will show sales improved 20% compared to a year ago. Consumers continued to warm to the slowly improving economy -- so far, despite surging oil prices.
General Motors sales rose 21.8% in January compared to a year ago on strong sales across its lines of passenger cars, "crossover" vehicles and trucks, the automaker said Tuesday. Each of the automaker's four divisions recorded higher sales for the month.
A slowly brightening economy combined with low financing rates and generally stable fuel prices have put consumers in a buying mood. New models, particularly from Ford and GM, are also helping to keep U.S. auto sales on a positive trajectory as 2011 starts.
With U.S. automotive dominance waning, a new moniker has emerged: the "Detroit Three." Still, don't count out Ford, GM or Chrysler. Their post-recession future looks strong, thanks to some agonizing restructuring. Now, they can be profitable selling fewer cars.
Toyota's recent spate of quality woes have allowed competitors to steal sales from the beleaguered automaker. Ford is also catching up with Toyota in another important measure of auto industry success -- consumers' opinions of vehicle brands.
The nation's automakers ended 2010 strong, with most reporting higher sales for December. Consumers seemed to put concerns about the U.S. economy on hold and more than offset reduced demand by fleet customers, such as corporations and rental-car companies.













