A report from ReportLinker showed that the global automotive airbag market is expected to grow to $71.8 billion by the year 2025. The firm said the growing market can be attributed to a number of factors, including technological advances in developing airbags, legislation mandating the installation of airbags in newer vehicles and “smart” airbags that come with sensors.
older cars
Gaining Weight: Today’s Pickup Trucks are Heavier
The Wall Street Journal reported that today’s pickup trucks are bigger than they were almost 20 years ago. The article cited data from the U.S. Department of Energy’s Oak Ridge National Laboratory which showed that the average pickup is now 1,142 pounds heavier than it was in 1990.
Missing Bolts Cause GM to Recall Over 217,000 Vehicles
ABC News reported that General Motors (GM) is recalling over 217,000 vehicles after it was found that some of the cars were missing bolts from their start-stop mechanisms. This may result in transmission oil leaking from the mechanism and causing the car to either stop moving or catch on fire.
Does It Cost More to Insure an EV?
An article from Forbes explained that owners of electric vehicles (EVs) may have to pay more for insurance than owners of gas-powered cars. Some of the experts interviewed for the article said that the higher insurance rates can be attributed to the fact that repair costs for an EV are greater than those for conventional autos.
BEA: Domestic Autos Outsold Foreign Vehicles
Recent estimates from the Bureau of Economic Analysis (BEA) showed that more car buyers bought domestic vehicles than their foreign counterparts. This comes as the U.S. auto market is attempting to recover from the lockdown as a result of the COVID-19 pandemic.
Ford Returns to Reporting Monthly Auto Sales
After a two-year hiatus, Ford Motor Company has decided to release its U.S. monthly sales reports again. This was reported by Bloomberg and picked up by Automotive News.
GM Uses Most Domestic Content When Assembling Its U.S.-Made Vehicles
A study from the Kogod Business School at American University in Washington, D.C. found that General Motors led all automakers in using the highest percentage of U.S.- and Canadian-made parts and materials, known as total domestic content (TDC), in the assembly of their vehicles at its U.S. plants.
Tesla Cuts Back on Warranties for Older Models
Tesla has announced that it is reducing used-vehicle warranty coverage on its older Model S sedans and Model X crossovers after the original warranty expires. This comes a few days after the electric vehicle (EV) maker dropped its seven-day “no questions asked” return policy on its newly purchased cars.
