Auto News for June 26 – Takata Bankruptcy Filing

As expected, airbag maker Takata filed for bankruptcy in Japan and here in the U.S. today and will be sold to a Chinese/American firm. Details at:

http://www.detroitnews.com/story/business/autos/2017/06/26/takata-bankruptcy-filing/103194254/

2017 Jeep® Wrangler Willys Wheeler Edition

Two Ohio-built SUVs from Fiat Chrysler topped Cars.com’s 2017 American-Made Index: the Jeep Wrangler (including the Wrangler Unlimited four-door) and Jeep Cherokee. Their domestic-parts content were among the highest figures observed in this year’s AMI: 74 percent for the Wrangler, 75 percent for the Wrangler Unlimited and 70 percent for the Cherokee. All engines and nearly all transmissions for the Wrangler and Cherokee hail from the U.S., and FCA assembles both nameplates in Toledo, Ohio.

The Ford Taurus came in third, followed by the Honda Ridgeline and Acura RDX.

New vehicle sales are forecast to fall nearly 4 percent this month. “Kelley Blue Book projects June will be yet another down month of sales with expected declines in both fleet and retail,” said Tim Fleming, analyst for KBB. “With manufacturers continuing to announce production cuts at their plants following weaker consumer demand, it all but solidifies 2017 as a down year.”

June would be the fourth month in a row that the Seasonally Adjusted Annual (sales) Rate would fall below 17 million, or the longest period since September 2014.

Ford Motor Company is likely to lose the most market share of the major manufacturers, projected at 1 percent. The declines can be primarily attributed to an expected drop in fleet sales, KBB said.

A top official at Lamborghini said at the Automotive News Europe Congress that the company is considering the creation of a four seat sports car. It may arrive in 2025 to 2030 time frame.

 

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