Oil companies and auto makers are working on a higher octane gasoline that when matched to the proper engine would generate more power, while increasing fuel economy and reducing emissions, according to the Detroit Free Press this morning. Auto Critic Mark Phelan said the two industries are trying to come up with a way to successfully market the new fuel to consumers. For more check out:
Due to its length, that MUST BE a higher octane link.
Fiat Chrysler has reported a 34 percent higher fourth quarter net profit compared to a year ago and earnings per share came in at the level markets were expecting. In pre-market action FCA was trading higher on the news. Increasing demand for the Ram truck and some Dodge brand vehicles along with higher European sales helped the old bottom line.
Consumer Reports has lowered its ratings of the Tesla Model S and the Model X due to the lack of a promised automatic emergency braking feature. Tesla said it is working on software problems and told CR that expects to offer a software update tomorrow. A Tesla spokesperson told CNBC the update is already under way.
New car and truck sales will fall almost 8 percent in April compared to last month, and will be off 4 percent when compared to one year ago. “The industry has been holding its breath to see if the days of peak sales are over, and while Q1 sales managed to remain stable, we’re starting to see the slowdown in 2017 we’ve been anticipating,” said Jessica Caldwell, Edmunds executive director of industry analysis. “These year-over-year declines may become more typical as the year progresses, but there’s no reason to be in panic mode. Historically, car sales are still strong.”
Kelley Blue Book is forecasting a 3 percent drop in sales year-over-year. Going a step further, KBB said 2017 is expected to be the first down year since 2009. This after seven consecutive year-over-year sales increases.
The 2017 Kia Cadenza has been given a Top Safety Pick Plus rating from the Insurance Institute for Highway Safety, its highest rating.