The NHTSA has expanded its warning about faulty airbags made by Takata (OTCPK:TKTDY) to 6.1M U.S. vehicles.
"The National Highway Traffic Safety Administration urges owners of certain Toyota (NYSE:TM), Honda (NYSE:HMC), Mazda (OTCPK:MZDAY), BMW (OTCPK:BAMXY), Nissan (OTCPK:NSANY), Mitsubishi (OTC:MMTOY), Subaru (OTCPK:FUJHY), Chrysler (NYSE:FCAU), Ford (NYSE:F) and General Motors (NYSE:GM) vehicles to act immediately on recall notices to replace defective Takata airbags," it said in a statement.
The previous warning, issued on Monday, covered 4.7M vehicles.
Update: Recall has been expanded to 7.8M vehicles.
The EPA says the fuel economy of 2013 models sold in the U.S. averaged 24.1 mpg, up half a mpg from the prior year's model.
The modest 2.1% improvement is below the pace called for by some environmental groups and just a fraction of what would be needed to keep pace with the government's target for a 54.5 average mpg for the 2016 model year.
A higher mix of SUV and truck sales offset technology gains by automakers.
Fiat (OTCPK:FIATY) CEO Sergio Marchionne thinks there is room in the industry for a merger to create an automaker bigger than Toyota.
Marchionne might be the man for the job after helping guiding the acquisition of Chrysler from Daimler and pushing Fiat through a complicated transaction to create Fiat Chrysler Automotive (NYSEARCA:FCA).
Morningstar analyst Richard Hilgert agrees that the auto industry may see more M&A activity due to the needed economies of scale to compete.
Kelley Blue Book estimates U.S. auto sales increased 9% in September to 1.24M units.
The sales forecast for the year is raised to 16.4M units from 16.3M.
The compact SUV/crossover segment showed the strongest growth during the month with sales rising at a 19.1% clip, according to KBB.
KBB sales forecast by manufacturer: General Motors (NYSE:GM) +15.9% to 217K; Toyota (NYSE:TM) +7.0% to 176K; Ford (NYSE:F) -2.4% to 180K; Chrysler (OTCPK:FIATY) +17.5% to 168K; Honda (NYSE:HMC) +11.8% to 118K; Nissan (OTCPK:NSANY) +17.4% to 102K; Hyundai (OTC:HYMLF) +10.6% to 103K; Volkswagen (OTCQX:VLKAY) +3.9% to 50K.
Governor Jerry Brown of California has been busy signing bills to help support the electric vehicle industry in the state.
Brown signed bills to help low-income drivers afford EVs and extend charging networks into new neighborhoods.
A long-term goal is in place by the state to have 1.5M zero-emission vehicles on the roads by 2025.
Models which could see a boost from California's latest round of EV-friendly legislation includes the BMW i3, Chevrolet Volt, Tesla Model S, Toyota Prius plug-in, Honda Accord plug-in, Nissan Leaf, Ford Fusion Energi, Ford C-Max Energi, BMW i3, and the Cadillac ELR.