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Mixed sales results, but automaker stocks rise on need for cars in Houston

DETROIT — The Big Three Detroit automakers on Friday reported better-than-expected August sales and issued optimistic outlooks for demand as residents of the Houston area replace flood-damaged cars and trucks after Hurricane Harvey, sending their stocks higher. General Motors, Ford and Fiat Chrysler posted mixed August U.S. sales, with GM up 7.5 percent and Ford and Fiat Chrysler down. Japanese automaker Toyota improved sales by nearly 7 percent, while Honda fell 2.4 percent. Still, analysts focused on the potential for Detroit automakers to cut inventories and stabilize used vehicle prices as residents of Houston, the fourth largest city in the United States, are forced to replace tens of thousands, perhaps hundreds of thousands, of vehicles after the devastation from Hurricane Harvey. Mark LaNeve, Ford's U.S. sales chief, told analysts on Friday that following Hurricane Katrina in 2005 "we saw a very dramatic snapback" in demand. That said, Ford sales fell 2.1 percent in August. It sold 209,897 vehicles in the United States, compared with 214,482 a year earlier. Sales were down 1.9 percent in the Ford division and off 5.8 percent at Lincoln. Demand was down for cars, crossovers and SUVs. It was not clear how many vehicles in the Houston area will be scrapped, LaNeve said, saying he had seen estimates ranging from 200,000 to 400,000 to 1 million. Ford's Houston dealers may have lost fewer than 5,000 vehicles in inventory, he said. Ford is the No. 1 automaker in the Houston market, with 18 percent share, according to IHS Markit. The company plans to ship used vehicles to Houston dealers and has "every indication we would have to add some production" of new vehicles to meet demand, LaNeve said. Investor concerns about inventories of unsold vehicles and falling used car prices have weighed on Detroit automakers' shares most of this year. Now, automakers can anticipate a jolt of demand from a big market that is a stronghold for Detroit brand trucks and SUVs. "It's got to be a positive for the industry," LaNeve said. Investors appeared to agree. GM shares rose as much as 3.3 percent to their highest since early March. Ford increased 2.8 percent at $11.34, and Fiat Chrysler's U.S.-traded shares were up 5.2 percent $15.91, hitting their highest in more than five years. GM reported a 7.5 percent increase in U.S. auto sales in August, helped by robust sales of crossovers across its four brands.

Cadillac finds a few more horsepower for ATS-V

We've rarely found cause to complain about a car getting more power, and guess what? That's not going to change here. After initially announcing that the new ATS-V would come to market with a Corvette-matching 455 horsepower, Cadillac has come back with an SAE-certified 464 horsepower. That, as Automobile points out, puts the high-performance ATS in spitting distance of the base Mercedes-Benz C63 AMG and its 469 hp. Anyone else feeling bad for owners of the 425-hp BMW M3? While the ATS-V is getting a bit more grunt, somehow, we doubt Cadillac will adjust its previously published performance figures. Expect 60 miles per hour to arrive in 3.9 seconds, with a top speed of 185 mph. As of this writing, a lucky Autoblog staffer is lapping the ATS-V around Circuit of the Americas in Austin as part of the sedan's big launch. So while we can't fill you in on its real-world performance just yet, expect a big update soon. Related Video:

GM will expand Super Cruise to entire U.S. lineup after 2020

General Motors plans to bring its Super Cruise semi- autonomous highway driving technology to its entire U.S. lineup after it rolls it out to all Cadillac vehicles in 2020. Mark Reuss, GM's executive vice president for global product development, made the announcement at the Intelligent Transportation Society of America conference in Detroit. Automotive News reports he also announced plans to offer vehicle-to-everything (V2X) communication in a high-volume Cadillac crossover by 2023 — technology that will also eventually spread across the luxury brand's portfolio. Super Cruise is GM's semi-autonomous, lane-centering driving system that uses lidar mapping, GPS, cameras and sensors. The system offers hands-free driving on the highway, with an infrared camera and lights that track the driver's head position to make sure the driver is paying attention, ready to take over when needed, and not nodding off. If it senses the driver is unresponsive, it can bring the vehicle to a stop on the shoulder and activate OnStar. Super Cruise is already an option on the 2018 CT6 and standard on the Platinum trim model. You can read our First Drive review of the technology here. Meanwhile, Cadillac launched vehicle-to-vehicle technology in the 2017 CTS sedan, allowing equipped Cadillacs to share information regarding speed, direction and location at distances of up to 980 feet to help avoid collisions. By going one step further with V2X, Cadillac can tip off drivers to hazardous road conditions, the status of traffic lights, work zones and threats of crashes. It's the first major announcement from the luxury brand since the departure of former CEO Johan de Nysschen and his replacement by Steve Carlisle in April. Related Video: Image Credit: Cadillac Cadillac GM Technology Emerging Technologies Autonomous Vehicles cadillac ct6 vehicle to vehicle communications Super Cruise