Reliability drops in major auto dependability survey
The J D Power study questions 35 186 owners of 2014 model year vehicles about issues in the last 12 months. Tech troubles like Bluetooth pairing and voice command glitches pulled down dependability scores across the industry, with an average of 156 problems per 100 vehicles, the highest since 2015. Top brands include Lexus and Porsche, Toyota Buick and Mercedes-Benz followed, while Fiat Jeep and Infiniti ranked lowest. Batteries failures rose 44 percent as more electric features and alternate powertrains enter vehicles.
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Detroit
Lexus
Porsche
J.D. Power
Toyota
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Mercedes-Benz
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Fiat
Jeep
Inf
Dave Sargent
J.D. Powers
Global Automotive
Sargent
Hyundai
Chevrolet
Honda
BMW
Jaguar
Nissan names Hiroto Saikawa new chief executive
Carlos Ghosn announces Hiroto Saikawa will become Nissan chief executive effective April 1 with shares to decide in June. Ghosn remains chairman and will focus on the Renault Nissan Mitsubishi alliance while Saikawa has led operations as co-CEO. Saikawa, a Tokyo University graduate, has run U S and European units and overseen design, R and D.
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Carlos Ghosn
Nissan
Renault
Hiroto Saikawa
Ghosn
Nissan Motor Co
Yokohama
Nissan-Renault
Motors Corp
Renault SA
France
Twill
Saikawa
University of Tokyo
Leaf
U.S
Tesla posts loss in fourth quarter 2016
Tesla Inc reported a 2016 Q4 loss of 121.3 million dollars or 0.78 per share, worse than hoped despite rising revenue to 2.28 billion. Shares rose 1.6 percent to 277.90 as the Palo Alto firm bets on Model 3 production starting July with 5,000 cars weekly once full ramp occurs. President Elon Musk touted simpler design and improved manufacturing confidence.
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Detroit
Tesla Inc
Tesla
Onetems
FactSet
Palo Alto
Calif
Elon Musk
Musk
U S stocks slip as energy drops and merger hopes rise
U S stocks stumble after a record run with energy stocks falling while basic materials rise on merger hopes. Technology firms gain slightly as Dow hits ninth straight advance and major indices close mixed on regulatory expectations.
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New York
U.S
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