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      Lloyd-TX
      (62 years old)
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    • By William Maley
      Hyundai has been seeing its sales declined as it doesn't have enough crossovers and SUV to feed the growing demand by consumers. This, in turn, is causing profits to drop, making investors disappointed. Because of this Hyundai is going crazy with cutting costs.
      Reuters reports that Hyundai's cost-cutting measures include reducing the number of business-class flights, annual trips for overseas workers to see family, and cutting back on fluorescent light bulbs. 
      "We're trying to address a mismatch between the market trend and our product line-up. That's a longer term plan. For now we're trying to save every penny," said a source.
      Hyundai is working overtime to get new crossovers out the door starting with a B-segment model in 2018. In the meantime, Hyundai is redirecting exports from low-demand markets to the U.S.
      Source: Reuters
       

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    • By William Maley
      Hyundai has been seeing its sales declined as it doesn't have enough crossovers and SUV to feed the growing demand by consumers. This, in turn, is causing profits to drop, making investors disappointed. Because of this Hyundai is going crazy with cutting costs.
      Reuters reports that Hyundai's cost-cutting measures include reducing the number of business-class flights, annual trips for overseas workers to see family, and cutting back on fluorescent light bulbs. 
      "We're trying to address a mismatch between the market trend and our product line-up. That's a longer term plan. For now we're trying to save every penny," said a source.
      Hyundai is working overtime to get new crossovers out the door starting with a B-segment model in 2018. In the meantime, Hyundai is redirecting exports from low-demand markets to the U.S.
      Source: Reuters
       
    • By William Maley
      2018 was going to be the year that Ram Trucks would introduce redesigned versions of their light and heavy-duty trucks using a new platform known as DT. But it seems the light-duty truck will be the only one riding on this new platform as the redesign for heavy-duty model has been pushed back.
      Sources tell Automotive News that Ram will be refreshing the current heavy-duty truck for 2018. It is unknown when Ram will actually introduce the redesigned version using the new platform. 
      Why is Ram switching to a refresh of the current heavy-duty truck? It comes down to money. At the moment, Fiat Chrysler Automobiles has nearly $7 billion in net debt at the end of third quarter. CEO Sergio Marchionne is trying to reduce this massive debt before he retires in 2018. This means a number of projects FCA is working on have been delayed in an effort to conserve cash.
      This is the case for Ram and their heavy-duty trucks. Currently, FCA only has one plant building heavy-duty trucks in Saltillo, Mexico. By taking the plant offline for a few months for retooling to build the redesigned truck, this could cause a shortage of the current-generation trucks for dealers. Going with a refresh allows Ram to continue an uninterrupted supply of trucks.
      But there comes a problem for Ram going with a refresh. Both Ford and General Motors have introduced revised versions of their heavy-duty trucks that boast better towing numbers and fuel economy.
      Source: Automotive News (Subscription Required)
      Pic Credit: William Maley for Cheers & Gears

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    • By William Maley
      2018 was going to be the year that Ram Trucks would introduce redesigned versions of their light and heavy-duty trucks using a new platform known as DT. But it seems the light-duty truck will be the only one riding on this new platform as the redesign for heavy-duty model has been pushed back.
      Sources tell Automotive News that Ram will be refreshing the current heavy-duty truck for 2018. It is unknown when Ram will actually introduce the redesigned version using the new platform. 
      Why is Ram switching to a refresh of the current heavy-duty truck? It comes down to money. At the moment, Fiat Chrysler Automobiles has nearly $7 billion in net debt at the end of third quarter. CEO Sergio Marchionne is trying to reduce this massive debt before he retires in 2018. This means a number of projects FCA is working on have been delayed in an effort to conserve cash.
      This is the case for Ram and their heavy-duty trucks. Currently, FCA only has one plant building heavy-duty trucks in Saltillo, Mexico. By taking the plant offline for a few months for retooling to build the redesigned truck, this could cause a shortage of the current-generation trucks for dealers. Going with a refresh allows Ram to continue an uninterrupted supply of trucks.
      But there comes a problem for Ram going with a refresh. Both Ford and General Motors have introduced revised versions of their heavy-duty trucks that boast better towing numbers and fuel economy.
      Source: Automotive News (Subscription Required)
      Pic Credit: William Maley for Cheers & Gears
    • By William Maley
      Volkswagen and U.S. Government were going to have a hearing at U.S. Federal Court in San Francisco today for an update on the 3.0L TDI talks. But yesterday, U.S. District Judge Charles Breyer has pushed it back to next month.
      Reuters got their hands on a court order in which Breyer says "negotiations are continuing between the German automaker, regulators, and lawyers representing owners," and a delay "may produce a resolution of the outstanding issues."
      As we reported earlier this month, Volkswagen and regulators have possibly reached a deal for the 3.0L TDI with 60,000 of the affected vehicles being fixed, and the other 20,000 being bought back. There are still a number of issues that need to be worked out, hence the delay.
      Source: Reuters

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