Summer Weather to See Economy Bounce Back

The U.S. economy was battered even more than first suspected by the harsh winter, actually shrinking from January through March. The result marked the first retreat in three years, but economists are confident the downturn was temporary. According to the Commerce Department, gross domestic product contracted at an annual rate of 1% in the first quarter. That was worse than the government's initial estimate last month that GDP during the period grew by a slight 0.1%. The economy last posted a decline in the first three months of 2011 when it dropped 1.3%. The  ...

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The New Acura RLX’s Value Exceeds its Tepid Sales

Honda has long been known for its attention to detail, which is reflected by the high build quality and reliability of its products. Consequently, Acura models have exemplified many of the same endearing characteristics that have made Honda a valued brand in driveways across America. The challenge until now has been elevating the Acura brand’s status as a luxury marque to one on par with European makes and its Japanese rival, Lexus. With the recent launch of the RLX sedan last year, the company was hoping its new model would chart a different course for Acura. After a year on sale, h ...

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NADA Gears: Daily Auto News, June 2 - June 6

MINI just released pictures, information and pricing for the all-new 5-door MINI Cooper. McLaren Automotive made a profit for the first time after its third year of car production. The most popular vehicles for the month of May by the number of units sold remains a who’s who of pickups and family sedans. According to a recent Edmunds study, only two out of 10 Americans actually enjoy car shopping. 

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BrandZ Names Toyota Most Valuable Car Brand

Highly esteemed market-research firm Millward Brown recently published The BrandZ™ Top 100 Most Valuable Global Brands 2014, a report that named Toyota as the number one global automotive brand this year. Toyota's estimated value of $29.6 billion puts it at an increase of 21% over last year’s figure. Toyota is the largest carmaker in total units for a second consecutive year, followed closely by GM and Volkswagen. Exports and a weakened yen can be attributed to Toyota's growth. While this increase is impressive, the brand slipped three places to the 26th position on the ...

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NADA Gears: Daily Auto News, May 26-30

Subaru announced that pricing for the 2015 BRZ will start at $25,695. Mitsubishi has decided to keep the Lancer Evo around for another year. The first 500 Euro-spec Mustangs sold out in 30 seconds. A mining company, a Pennsylvania construction company and a utility company had been sold F-150s in the current body style with an aluminum cargo box since 2011. 

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The Kia K900 is a Great Deal for the Self-Made Professional

Since coming to American shores two decades ago, Kia Motor America has done much to raise the profile of its brand. However, the K900 is particularly significant in that it symbolizes a coming-out party for the Korean automaker, forging higher into luxury territory and further raising the bar for itself. When seeing the vehicle in person, one would be hard-pressed to find anything non-premium and taking a seat inside conjures a sense of comfort typically reserved for social elites. What makes the K900 special, however, is that it is representative of the type of people who come from humble ...

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NADA Gears: Daily Auto News, May 19-23

The Lincoln Motor Company released this week that pricing on the new 2015 Navigator will start at $62,475.

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GM’s Recall Wave Rolls On; 2.7 Million More Vehicles Affected

Just when the media attention surrounding ignition switch recalls of 2.6 million 2003-2011 Chevrolet, Saturn and Pontiac compact models started dying down, GM hit two more hurdles: first, the U.S. government fined the company $35 million over lapses on the ignition defect and second, GM just announced even more recalls covering an additional 2.7 million vehicles due to faulty brake light wiring harnesses and several other design flaws. In order to avoid the mistakes made in the ignition switch recall, GM has elected to act more transparently and roll out the latest recalls in one large ...

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Subaru’s New Business Plan Sets the Stage for Future Success

After achieving unprecedented sales growth that resulted in record earnings and production capacity constraints, parent company Fuji Heavy Industries Ltd. and Subaru’s largest shareholder, Toyota, began mulling last August whether to have Subaru compete on a larger scale with higher volumes or maintain its niche status and greater profit margins. At that time, I wrote a blog post covering Subaru’s upward trajectory during the past decade, along with the dilemma it faced, and nine months later the company revealed its ambitions for the next several years in presenting its new bu ...

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NADA Gears: Daily Auto News, May 12 - May 16

Chrysler reports that 17,000 orders were placed on the first two day for the all-new 200. The National Physical Laboratory says that satellite navigation technology could be dropped in favor of a more accurate method that uses the earth’s magnetic field. 

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