General Motors Co., updating the Chevrolet Malibu after disappointing sales, said the 2014 models estimated fuel economy for city and highway driving will increase 12 percent, beating the Toyota Camry.
The base 2014 Malibu, which reaches U.S. showrooms later this year, will get 29 miles per gallon in combined city and highway use, Detroit-based GM said Wednesday.
The 2013 base model was rated at 26 mpg, according to the Environmental Protection Agencys website. Toyotas 2014 base Camry gets a combined 28 mpg, according to the EPA.
In this competitive mid-size segment, there is no standing still, Chris Perry, Chevrolets marketing vice president, said in the statement. U.S. sales of the Malibu fell 20 percent through July to 123,573, while deliveries of the top-selling Camry decreased 0.6 percent to 242,406, according to researcher Autodata Corp.
GM has a truck assembly plant in southwest Allen County.
Steuben manufacturer investing $5.2 million
A Michigan-based manufacturer is expanding its presence in Steuben County as it creates five new jobs.
Cold Heading Co. is investing $5.2 million in its Hudson factory, including $4.2 million in new equipment and a $950,000 expansion that will add 20,000 square feet to the building at 103 W. Indiana4.
Cold Heading makes fasteners for the automotive, agricultural and heavy construction industries. The privately held company also operates two plants in Fremont, in addition to operations in Ohio.
The Hudson Town Council has approved a 10-year tax abatement that is expected to save the company $230,000.
Greg Stevens, Cold Headings owner, said a reliable workforce and competitive location have helped the operation thrive in Hudson.
Nintendo cuts price of Wii U game console
Nintendo Co. announced Wednesday that it is cutting the price of its Wii U video-game system as it braces for the fall release of competing consoles from Sony and Microsoft.
Nintendo will reduce the price of the Wii U deluxe set from $349.99 to $299.99, effective Sept. 20. The company will also release a Wii U bundle featuring The Legend of Zelda: The Wind Waker HD, a remake of the 2003 game, that will also be available Sept. 20 for $299.99.
The Wii U has struggled to find an audience. Nintendo sold 3.61 million of the consoles between the Wii Us launch last November and the end of June. The company aims to sell 9 million Wii U units over the fiscal year through March 2014.
Nintendo of America President Reggie Fils-Aime said consumers who have bought the Wii U love the system but want more software.