WASHINGTON (Reuters) – Tesla Inc’s Autopilot feature was engaged during a fatal March 1 crash of a 2018 Model 3 in Delray Beach, Florida, in at least the third fatal U.S. crash reported involving the driver-assistance system, the National Transportation Safety Board said on Thursday. FILE PHOTO: An advertisement promotes Tesla Autopilot at a showroom… Continue reading UPDATE 3-Tesla’s Autopilot system was engaged during fatal Florida crash in March – NTSB
Tag: Recalls
UPDATE 2-Tesla’s Autopilot system was engaged during fatal Florida crash in March – NTSB
WASHINGTON (Reuters) – Tesla Inc’s Autopilot feature was engaged during a fatal March 1 crash of a 2018 Model 3 in Delray Beach, Florida, in at least the third fatal U.S. crash reported involving the driver-assistance system, the National Transportation Safety Board said on Thursday. FILE PHOTO: An advertisement promotes Tesla Autopilot at a showroom… Continue reading UPDATE 2-Tesla’s Autopilot system was engaged during fatal Florida crash in March – NTSB
UPDATE 1-Tesla’s Autopilot system was engaged during fatal Florida crash in March – NTSB
WASHINGTON (Reuters) – The National Transportation Safety Board said on Thursday that Tesla Inc’s Autopilot feature was engaged during a fatal March 1 crash of a 2018 Model 3 in Delray Beach, Florida, in the latest serious crash reported involving the driver-assistance system. The NTSB’s preliminary report said the driver engaged Autopilot about 10 seconds… Continue reading UPDATE 1-Tesla’s Autopilot system was engaged during fatal Florida crash in March – NTSB
Electric car, the alarm of the unions: “At risk the only existing chain in the Turin area and 46 jobs”
“A further mockery for Turin and Piedmont – continues Chiarle – that would not be able to retain the only car series manufacturer in the territory, in addition to FCA. For years, the FIM has asked that the institutions and the policy take charge of a project in support of the electrical supply chain which… Continue reading Electric car, the alarm of the unions: “At risk the only existing chain in the Turin area and 46 jobs”
UPDATE 1-Ford recalling 273,000 vehicles in North America that could roll away
(Adds Ford Ranger recall) WASHINGTON, May 15 (Reuters) – Ford Motor Co is recalling nearly 273,000 Ford Fusion and Ranger pickup trucks in North America that could roll away if the gear is not in “park” mode, the second largest U.S. automaker said on Wednesday. The recall covers 270,000 Fusion cars from model years 2013… Continue reading UPDATE 1-Ford recalling 273,000 vehicles in North America that could roll away
Ford Motor Company Issues Two Recalls in North America
DEARBORN, Mich., May 15, 2019 – Ford Motor Company is issuing two safety recalls in North America. Details are as follows: Safety recall for select 2019 Ranger trucks for transmission shift cable bracket fastener Ford is issuing a safety recall for select 2019 Ranger vehicles. On some affected vehicles, the two fasteners that secure the… Continue reading Ford Motor Company Issues Two Recalls in North America
Opel calls petrol back because of possible nitric oxide problems
Opel reports compliance with emissions limits and recalls 210,000 cars. Above all, a current mass model is affected. Current model of the Opel Corsa Monday, 13.05.2019 18:27 clock The carmaker Opel has around 210,000 throughout Europe small car with petrol and LPG engines because of possible nitric oxide problems in the workshops called. Affected are… Continue reading Opel calls petrol back because of possible nitric oxide problems
VW’s new electric car passes 10,000 orders in just 24 hours
Juergen Stackmann, member of the Board of Management, Volkswagen Passenger and Cars brand presents the pre-order scheme of the Volkswagen ID 3 electric car during a press conference in Berlin on May 8, 2019.ODD ANDERSEN | AFP | Getty ImagesVolkswagen has claimed that pre-orders for its ID.3 electric hatchback surpassed 10,000 cars in just 24 hours.
The auto giant revealed Wednesday that the entry-level car will cost less than 30,000 euros ($33,600), with deliveries in Europe slated for the middle of 2020.
VW's Golf-sized ID.3 will officially launch this September at the Frankfurt Motor Show. The car is named ID.3 because Volkswagen views the model as the third major evolution in the firm's history, after the Golf and Beetle.
The German automaker started to accept pre-orders for the ID.3 Wednesday, asking for a deposit of 1,000 euros.
VIDEO3:0403:04VW launches electric dune buggy concept at Geneva Motor ShowSquawk Box EuropeCustomers who pre-book can officially order their cars after the Frankfurt show. Orders become binding in April 2020, with those who change their mind able to get a full refund until then.
Volkswagen sales boss Jürgen Stackmann said on Twitter Thursday that more than 10,000 registrations were received throughout Europe within 24 hours of the launch.
That number falls well short of the launch of the Tesla Model 3 in April 2016. According to the company's chief executive Elon Musk, in just two days the Model 3 generated 276,000 pre-orders secured by deposits of $1000.
On Wednesday, VW's Stackmann told reporters that the electric car will allow for more internal space than a traditional internal combustion engine (ICE).
“From the outside, the ID.3 will be as large as a Golf. In the interior, it will be as spacious as a medium-sized car.”
VW plans to sell three versions of the ID.3 (45kWh, 58kWh, 77kWh) with varying ranges (200 miles, 261 miles and 342 miles).
The German firm said a full warranty on the ID.3's battery will cover eight years, just under 100,000 miles or the normal depreciation of the battery to 70% of its original maximum capacity.
WATCH: Concerns about EV infrastructure 'overplayed'
VIDEO2:3702:37Analyst: Concerns about EV infrastructure are 'overplayed'Squawk Box Asia
Kia Motors America posts Best-Ever Monthly Certified Pre-Owned Vehicle Sales Total in Company History
News
All
SUBSCRIBE TO RSS FEED
XML
Kia’s Award-Winning CPO Program Posts 2.5-percent Increase Year-over-Year
Double-digit gains for Forte bolsters Kia’s salesConsumers continue to gravitate toward the brand’s diverse lineup of Certified, Pre-Owned vehiclesKia Motors America announces best-ever Certified Pre-Owned (CPO) monthly sales with 7,698 vehicles sold in March. This achievement reflects Kia’s continued commitment to enhancing the CPO program, including expanding the Quality Assurance inspection to 164 points up from a 150-point inspection. Kia’s popular Forte sedan helped drive the brand’s sales with a 20.2-percent increase.
“Kia’s Certified Pre-Owned program proves to be popular with consumers looking for world-class vehicles,” said Bill Peffer, vice president, sales operations, Kia Motors America. “The recent expansion of the Quality Assurance inspection, incorporating an additional 14 points of review, provides consumers added confidence when buying pre-owned and stren..
Notice Regarding Year-on-Year Changesin Consolidated Financial Results for FYE2019
May 10, 2019
Notice Regarding Year-on-Year Changes
in Consolidated Financial Results for FYE2019
Company name: SUBARU CORPORATION
Representative: Tomomi Nakamura, Representative Director, President and CEO
Code number: 7270 (First Section of Tokyo Stock Exchange)
Contact for inquiries: Katsuo Saito, Vice President
and General Manager of Investor Relations Department
Phone: +81-3-6447-8825
Subaru Corporation hereby notifies year-on-year changes between the consolidated financial results for FYE2019 (April 1 – March 31, 2019) announced today and the corresponding of the previous year. Details are set out below.
1. Year-on-Year Changes in Consolidated Financial Results for FYE2019
Net sales
Operating
income
Ordinary
income
Net income
attributable to owners
of parent
Net income
per share
FYE2018 Results (A)
Millions of yen
3,232,695
Millions of yen
379,447
Millions of yen
379,934
Millions of yen
220,354
Yen
287.40
FYE2019 Results (B)
3,160,514
195,529
196,0239
147,812
192.78
Increase or decrease (B－A)
(72,181)
(183,918)
(183,695)
(72,542)
Percentage change (%)
(2.2)
(48.5)
(48.3)
(32.9)
Note: The Company has changed its accounting policies with effect from the first quarter of FYE2019. Accordingly, the new policies have been retroactively applied to FYE2018 results before carrying out year-on-year comparison and analysis of net sales figures.
2. Reasons for the Changes
In the automotive business, overseas retail sales remained stable in North America, which is a priority market for us, contributed by strong sales of Ascent, a new model vehicle newly launched. However, total unit sales dropped by 39 thousand units (4.3%) from the previous fiscal year to 865 thousand units due to the decrease in shipment of Forester, which had not been fully remodeled for the first half of this fiscal year. Overall domestic sales also decreased by 28 thousand units (17.2%) from the previous fiscal year to 135 thousand units due to the decline in sales of Impreza, SUBARU XV and Levorg, while the sales of Forester, which was fully remodeled in July, grew steadily. Combined domestic and overseas unit sales thus decreased by 67 thousand units (6.3%) from the previous fiscal year to 1 million units.
In the Aerospace Company, Deliveries to the Japan Ministry of Defense saw sales decrease from the previous fiscal year, partly because the performance of a contract for the test production of a new multi-purpose helicopter for the Ground Self-Defense Force had been completed.Affected by the decline in production of Boeing 777 aircraft, the sales in the civilian market also fell below the previous fiscal year.
As a result, Net sales in the period under review decreased by ¥72.2billion (2.2%) from the previous fiscal year to ¥3,160.5 billion.
The increase in quality-related expenses triggered by the recall in November 2018 and the decrease in automobile unit sales affected both operating income and ordinary income, which respectively dropped by ¥183.9 billion (48.5%) to ¥195.5 billion and by ¥183.7 billion (48.3%) to ¥196.2 billion compared with the previous fiscal year. Net income attributable to owners of the parent also fell by ¥72.5 billion (32.9%) from the previous fiscal year to ¥147.8 billion.
###
[PDF/165 KB]