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Major automakers post mixed US June sales figures

General Motors, Ford and Fiat Chrysler Automobiles NV posted declines in US new vehicle sales for June on Monday, while major Japanese automakers reported stronger figures. Once again, demand for pickup trucks and crossovers offset a decline in sedan sales. Automakers' shares rose as overall industry sales still came in above Wall Street expectations. The US auto industry is bracing for a downturn after hitting a record 17.55 million new vehicles sold in 2016. Analysts had predicted that overall, US vehicle sales would fall in June for the fourth consecutive month. As the market has shown signs of cooling, automakers have hiked discounts and loosened lending terms. Car shopping website Edmunds said on Monday the average length of a car loan reached an all-time high of 69.3 months in June. "It's financially risky, leaving borrowers exposed to being upside down on their vehicles for a large chunk of their loans," said Jessica Caldwell, Edmunds' executive director of industry analysis. GM said its sales fell about 5 percent versus June 2016, but that the industry would see stronger sales in the second half of 2017 versus the first half. "Under the current economic conditions, we anticipate US retail vehicle sales will remain strong for the foreseeable future." GM shares were up 2.4 percent in morning trading, while Ford rose 3.3 percent and FCA shares jumped 6 percent. "US total sales are moderating due to an industry-wide pullback in daily rental sales, but key US economic fundamentals clearly remain positive," said GM chief economist Mustafa Mohatarem. "Under the current economic conditions, we anticipate US retail vehicle sales will remain strong for the foreseeable future." Ford said its sales for June were hit by lower fleet sales to rental agencies, businesses, and government entities, which fell 13.9 percent, while sales to consumers were flat. But it sold a record 406,464 SUVs in the first half of the year, with Explorer sales increasing 23 percent in June. And sales of the F-150 had their strongest June since 2001. On a media call, Ford executives said an initial read of automakers' sales figures indicated a seasonally adjusted annualized rate of around 17 million new vehicles for the month, which would be better than 16.6 million units analysts had predicted. FCA said June sales decreased 7 percent versus the same month a year earlier.

California approves unmanned self-driving car trials

Given the number of tech companies that call California home, it's no surprise the state has been quick with forward-thinking legislation to support the development of self-driving vehicles. And almost four years to the day since driverless trials on public streets were first approved, a new bill has been signed off by Governor Jerry Brown that permits autonomous car tests without a human passenger overseeing proceedings. Rather than applying throughout the Golden State, the bill is specific to a pilot project headed by the Contra Costa Transportation Authority. At San Ramon's Bishop Ranch business park, EasyMile's 12-seater shuttles will ferry workers around the site, which will include traveling on some public roads. The approval also covers GoMentum Station: A ghost town within the Concord Naval Weapons Station where Honda has been testing its driverless car technologies. Recently, Uber-owned Otto also signed up to test self-driving trucks on the site. Google and Apple have also expressed interest in the naval base testbed, according to the transport authority. Apple's autonomous plans are still the subject of much speculation, but in the immediate future, Google seems like a natural partner. Manual controls including a steering wheel and pedals are not required in test vehicles under the new bill (since there won't be anyone on hand to use them), but for safety's sake cars must not exceed 35MPH during trials. Google has been testing versions of its cute little driverless pods without any form of manual controls for some time now, as it's of the opinion that humans are simply not a "reliable backup" to its self-driving smarts.This article originally appeared on Engadget.Related Video: Government/Legal Honda Technology Emerging Technologies Autonomous Vehicles California politics engadget driverless

Honda flaunts freshened 2014 Civic Coupe at SEMA

Honda took the wraps off its 2014 Civic Coupe (red car pictured above) and 2014 Civic Si (gray car in the gallery below) at SEMA today, revealing a mid-cycle refresh for each model. The standard Civic coupe benefits from several cosmetic enhancements, while the Civic Si gets the bulk of its improvements under the hood - precisely where the enthusiasts want them.
The best-selling Civic Coupe sports a new front fascia that is "fun and sporty," says the automaker. The more aggressive snout is a step in the proper direction, as its new shape and exclusive grille design gives the two-door a distinctive appearance that sets it apart from its sedan sibling. The rear end follows the same design language, as the lower portion of the urethane bumper gains some character - its smooth surface has been resculpted and recontoured. Newly available 18-inch wheels complete the exterior transformation.
The 2014 Civic Si benefits from a larger spoiler and new wheels, but the big news is in the powertrain. Honda has massaged the 2.4-liter i-VTEC engine and opened up the exhaust system. As a result, output climbs to 205 horsepower (up from 201) and torque increases to 174 pound-feet (up from 170). The power gains aren't extraordinary, but they should allow the coupe to hit 60 miles per hour from a standstill in about six seconds flat and still return over 30 mpg on the open road. Scroll down for the official release.