Almost as soon as reports surfaced today about an explosion at GM's battery-testing lab, there was breathless discussion in the media of this being another alleged problem for the Chevy Volt plug-in hybrid.
A battery explosion this morning in a General Motors research lab injured five people and caused a small fire along with other damage. Fire crews were called to the battery systems lab at GM's Warren Technical Center at about 8:45 a.m. after a report of an explosion in the plant.
The auto industry in the United States generated more than $135 billion in federal and state revenue in 2010, a new report says. In a study released today by the Center for Automotive Research, a nonprofit research organization in Ann Arbor, Mich.
As auto lending comes back along with U.S. auto sales, Ally Financial, whose biggest automotive customers are General Motors and Chrysler, is hiring. Its U.S. customers also include the Fiat, Suzuki and Maserati brands.
Most dealers offer customers lease deals from captive finance companies. But NADA Chairman Bill Underriner goes a step further. Along with captives' deals, he offers customers competing deals through his own auto leasing company.
Comes now the time to separate the men from the boys in the luxury segment of the market. The men are the true-luxury vehicles, those with sticker prices of $45,000 or more. The boys are the near-luxury cars and light trucks.