US TO SET STANDARDS FOR AUTOMATIC BREAKING SYSTEMS ON NEW HEAVY TRUCKS

Highlights

• This change was announced by the Department of Transportation, which includes the National Highway Traffic Safety Administration, as it released its spring regulatory agenda.

• The traffic safety regulator had proposed a regulation on automatic emergency...

FORD MOTOR CO TO HALT ADDITIONAL US AUTO PRODUCTION IN WAKE OF CHIPS SHORTAGE

Highlights

• Ford will cancel production next week at Chicago Assembly Plant and its Flat Rock Assembly Plant and part of its Kansas City Assembly Plant

• Recently a US auto industry group called on the federal government to help as there are chances of 1.28 million ...

U.S. AUTO INSURANCE RATES FINALLY GO DOWN

Highlights

• The Quadrant Information Services database was used by ValuePenguin in order to assess 15 million quotes for drivers across the America

• The report states that auto insurance rates across the country went down by 1.7 percent for 2021

• As...

U.S. AUTO MARKET TO RECORD LOWEST SALES VOLUME SINCE 2012: REPORT

Highlights

• As per the Edmunds’ forecast, total 14.4 million cars and trucks are likely to get sold in the year 2020, which is 15.5 percent lower as compared to 2019

• While Nissan recorded the biggest sales volume decline this year in the U.S. history with a ...

SUPPLY OF NEW CARS IN THE U.S. IS ON THE LOWER SIDE SAYS ALLY FINANCIAL INC.

Highlights

• The largest auto lender in the United States, Ally Financial Inc. said the supply of new cars in the country is lower side and the car manufacturers should get busy

• Executive Officer (CEO) Jeffrey Brown said there’s enough consumer demand for man...

U.S. AUTOMAKERS IN A STEEL CRUNCH, AT RISK OF SHUT DOWN

Highlights

• Reportedly automotive producers and other steel-intensive producers in the United States are currently facing a supply shortage which is likely to force shutdown

• According to the market analysts, this is the lowest months on hand reading for carbon inv...

JOE BIDEN'S CLIMATE PLAN: KEY FOR THE U.S. AUTO INDUSTRY

Highlights

• Biden is likely to implement his policies to step up electric vehicle production, offer incentives for EVs, bring down carbon emissions along with providing jobs in the ailing industry courtesy of the COVID-19 pandemic

• Primary objective of the Joe Bide...

U.S. AUTO INDUSTRY DESPERATE TO FILL JOB OPENINGS

Highlights

• Few auto parts manufacturers including Mobex Global have said that they are increasing payments, offering bonuses to fill job openings as currently they are not able to complete their targets

• Right after the dreadful coronavirus started wreaking havoc,...

U.S. AUTOMOBILE INDUSTRY FARES WELL IN SEPTEMBER, BUT NOT UP TO THE MARK YET

Highlights

• Automobile companies General Motors, Toyota and Fiat Chrysler reported fall of 10 percent in the auto sales in the third-quarter though this decline was lower than predicted by the industry experts

• Along with a boost from low-interest rates, another fa...

U.S. AUTO INDUSTRY ALL SET FOR A REBOUND

Highlights

• According to automakers, U.S. sales for the month of September is likely to go up and exceed the August rate of 15.2 million vehicles

• Automakers have said that their manufacturing plants are now running at close to full speed in order to re-stock showr...