Auto News for March 23

NYIAS 2016 Outlander Front Teaser

Mitsubishi has released a teaser photo of the 2016 Outlander that will make its debut at the New York Auto Show on April 2nd. It will be the first vehicle to carry the brand’s new design language. Mitsu said it will offer increased refinement, improved handling and throttle response and a “more eloquent yet functional interior space.”

Inclement weather in February caused many consumers to delay their new vehicle purchase and that will result in an auto sales rebound this month, according to forecasters at J.D. Power and LMC Automotive. They believe new car and truck sales will be up four percent and reach their highest levels for the month since 2005.

All electric cars aren’t exactly flying out of showrooms, so Honda has announced some new lease options. It is now offering a new two year lease for current customers at a lower price of $199 a month, a reduction of $60. It offers unlimited mileage, routine maintenance and collision coverage. The reduced lease price and matching two year terms will be available to new customers interested in driving a used Fit EV.

Joining the cutback by GM, Volkswagen will reduce production and cut jobs at its plant in Russia. But it believes the market has potential growth long term.

State owned China National Chemical will acquire Pirelli in a $7.7 billion deal. Perelli is the world’s fifth-largest tire maker.

Cadillac has announced a new V6 engine with peak output of 400 horsepower and 400 lb-ft of torque. It will first appear in the CT6 luxury performance sedan. GM said it will be the only twin turbo six to offer cylinder deactivation and stop/start to improve gas mileage.

 

 

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