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Ford Profits and Transaction Prices Rise in Q1

Ford will report its first quarter earnings tomorrow and analysts are expecting strong profits. While that's good news for Ford, many consumers can expect to pay more for a new Ford, as those profits come in part from increasing transaction prices.  The Detroit Free Press says that analysts are predicting that Ford profits for the first quarter of 2013 will be more than the $1.4 billion profit Ford posted in the first quarter of 2012. The paper says ... continue reading»

Cell Phone Use While Driving Could Cost You

Depending on the state you’re driving in, you could pay up to a $10,000 fine and spend a year in prison if caught using your cell phone while driving. According to a study released last Tuesday by Online Auto Insurance, “Texting while driving has become an epidemic in America that has led 39 states and the District of Columbia to ban all drivers from engaging in the practice.” The strictest state, based on the Online Auto Insurance results ... continue reading»

Tags: Analysis, Driving Laws, Distracted Driving, Smartphones, driver safety

Chevy Cruze Diesel Hits 46 MPG Highway

2014 Chevrolet Cruze Diesel Chevrolet announced yesterday that the upcoming diesel-powered 2014 Chevrolet Cruze achieves an EPA-estimated 46 mpg highway with a six-speed automatic transmission, and has a range of up to 700 miles per tank. The fuel economy information is not yet posted on the EPA’s website. The automaker says that the Cruze diesel has a starting price of $24,885 plus a $810 destination charge. The Cruze diesel’s engine produces 148 horsepower and 258 pound-feet of torque. Chevy says that ... continue reading»

Tags: Chevrolet, Model News, diesel, 2014 Chevrolet Cruze Diesel

Ford Introduces 'Video Snacks' to Ford Owners to Help Them Learn New Features

Does complex in-car technology make your head spin? Ford Motor Company thinks they have found a way for you to master the features in their vehicles. More than 100 short how-to videos, called “video snacks,” are supposed to help Ford owners become more familiar with the features their new car offers. According to a Ford press release, the video snacks are a part of a new Vehicle Orientation program that starts this week in Ford dealerships nationwide. At the end ... continue reading»

Tags: News, Ford, technology, MyFord Touch

Car Ownership Costs Increase to More Than $9,100 Annually

Auto repair shop Owning and maintaining a car costs more today than it did in 1950. When AAA put out its first ‘Your Driving Costs’ report 63 years ago, a car that was driven 10,000 miles per year cost its owner 9 cents per mile. Fast-forward to 2013 and AAA’s latest study finds that the average sedan’s ownership costs are up to $9,122 per year or 60.8 cents per mile, assuming you drive 15,000 miles annually. That ... continue reading»

Tags: News, Stats and Studies, Repairs and Maintenance

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