Source: The Detroit News

The emerging "automotive ecosystem" of the future may not be particularly kind to Detroit.

Not because the likes of this town's automakers aren't changing. But because they're not changing fast enough to blunt the competitive onslaught from high-tech Silicon Valley heavyweights loaded with cash and a knack for delivering high returns on invested capital, says a new report from Alix Partners, a global consultancy.

Read More

Source: The Detroit News

Picture this: You're checking your friends' Facebook updates on the windshield display screen while your car drives you to the other side of town.

Suddenly, a coupon for a special deal at the Applebee's a mile ahead pops up because the car remembers you stopped there two months ago. It asks if you'd like to pre-order your two-for-one special so it's ready when you arrive. Then it sniffs out the spot closest to the front door and parks you.

It's a scene that could play out in the not-so-distant future.

Read More

Source: Manheim

Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 1.1 percent month-over-month in June. This brought the Manheim Used Vehicle Value reading to 129.3, which was a record high for the second consecutive month and represented a 2.5 percent increase from a year ago.

Read More

Source: Automotive Fleet

Because of new safety test results, automotive supplier Takata Corp. is recalling an additional 2.7 million driver-side frontal air bag inflators that are at risk for rupturing, the National Highway Traffic Safety Administration reported.

Read More

The national average gasoline price continues to move lower, falling to a level not seen since the Independence Day holiday in 2005, according to AAA.

Read More