Automakers spend more than $14 billion a year on advertising in the U.S., but not many of the ads promote fuel efficiency or safety features—two attributes consumers say they most value when shopping for a new car, a new analysis shows.
“Consumers clearly want cars and trucks with better mileage, but automakers are steering them in a completely different direction,” David Friedman, vice president of advocacy at Consumer Reports says. “Adding insult to injury, they also aren’t offering much choice in the showrooms.”
Read the article at MSN.
Increasingly strict regulations, especially those meant to slash automotive emissions in the European Union could cause the collapse of the German auto industry.
“From today’s point of view the chances are perhaps 50-50 that the German auto industry will still belong among the global elite in 10 years’ time,” said Herbert Diess, CEO of Volkswagen, who was appointed VW’s chief executive earlier this year, following a senior management shake-up.
Read the article at The Detroit Bureau.
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