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PSA Group has been hard at work on its plan to return to the U.S. by 2026. They already have a brand chosen that will lead the launch (bur aren't saying if it will be Citroen, DS, Peugeot, or the recently acquired Opel/Vauxhall) and has open their U.S. headquarters in Georgia. The next step is figuring out where they'll begin selling vehicles. Larry Dominique, CEO of PSA Group North America told reporters that he has his eyes on 15 states to launch. Among the states mentioned include, Arizona California Florida Georgia Illinois Maryland Massachusetts New Hampshire New Jersey New York North Carolina …
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The U.S. Commerce Department is asking automakers to spill their secrets; product planning, financing, supply chains, and other bits that aren't in public filings. Bloomberg reports that the department’s Bureau of Industry and Security sent out a 34-page questionnaire asking for sensitive details to several automakers. Failure to do so could result "in a maximum fine of $10,000, imprisonment of up to one year, or both" as mentioned on the first page of the survey. “The breadth and depth of this request is invasive, requiring massive amounts of proprietary and confidential business data from global operations -- all under the pretense of national security,” said…
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Like many countries, China offers various incentives to spur the sales of electric vehicles. But a report from Bloomberg says the Chinese government is considering reducing various subsidies beginning next year. According to sources, the government is considering cutting the average incentive by more than a third from where they currently stand. Also up for consideration is incentives being eligible on models that can travel at least 200 kilometers (about 125 miles) on a single charge. Why? The government wants automakers to keep innovating by making EVs cheaper and go much further on a charge. “China is switching away from carrots. The government wants to ensu…
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When we last reported on the date change of the Detroit Auto Show, organizers had made the final decision on what month it would be held beginning in 2020 - either October or June. A new report from The Detroit News says June will be month that will be announced at a press conference on July 24th. Sources tell the paper that back in January that the Detroit Auto Dealers Association (DADA), organizers of the show sat down and started discussions as to moving the show. Originally, DADA had October as the month as it would move the show from the harshness of winter and give some breathing room from the Consumer Electronics Show (CES). But plans changed after The De…
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The threat of a 20 percent tariff on vehicles exported from the European Union has a number of automakers panicking. But that tariff could be taken off the table if the EU removes their tariff on vehicles exported from the U.S. German paper Handelsblatt learned from sources that a meeting was held between the US ambassador to Germany, Richard Grenell and number of CEOs from German automakers. Grenell presented an offer directly from President Donald Trump - "elimination of all tariffs on automobile imports on both sides and removal of non-tariff barriers, such as regulations on the size of rear mirrors." Currently, the U.S. levies a 2.5 percent tariff on vehicle…
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Back in 2010, Renault-Nissan and Daimler announced a new partnership that would see the two share powertrains and work on various projects. Some of those have come to fruition such as the Infiniti QX30, which is a Mercedes-Benz GLA-Class in different clothing and the platform that underpins the Infiniti QX50. But other projects between the two have been halted. Late last week, the Nikkan Kogyo business daily reported that joint development of luxury compact car project has been suspended. The paper cites the change in consumer preference to crossovers and the uncertainties over tariffs. The second reason is important as the new compact sedan was expected to built at …
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Taking a look at the mid year of 2018, here is the numbers and where they stand for recalls, usually this list is published by Alphabetical numbers, yet I choose to grab it and sort by lowest to highest which I think gives a much better view of who is improving in quality compared to last year. As we stand for this year, we have the bulk numbers as follows: Here are the recalls broken down by brand from lowest to highest. Manufacturer Number of Cars Recalled YTD Same Period Last Year Year over Year % Porsche Cars North America, Inc. 308 91,585 -100% …
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The Volkswagen diesel emission scandal has given many a black eye. Robert Bosch GmbH, a supplier of diesel engine technology was one of those as it found itself under investigation by German authorities to see whether or not it aided and abetted in the scandal. The company also had to pay out $327.5 million as part of a settlement in the U.S. But the company isn't giving up on diesel just yet. This week at the Bosch’s annual press conference, CEO Dr. Volkmar Denner claimed they had found “decisive breakthrough in diesel technology.” The technology in question is said to reduce nitrogen (NOx) emission levels to just one-tenth of the European legal limits coming in 2020…
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It is now official, the Detroit Auto Show will not be held in January beginning in 2020. Organizers of the show made the announcement yesterday afternoon and released a teaser video showing what the show may look like in its new date, complete with outdoor test tracks and vehicle displays. The Detroit Auto Dealers Association (DADA) will be holding a press conference on July 24th announcing the new date. As we have reported previously, DADA was considering moving the show to October not only for better weather (a complaint for a number of journalists who cover the show), but to also give it some breathing room from another show, the Consumer Electronics Show (CES) th…
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Seems we have about 3 million EV auto batteries coming up to be retired from their 10 year run. Where will they go? What will happen to them, in the ground, laying around like old tires, where? According to Bloomberg, seems countries around the world are holding the auto companies responsible for dealing with the batteries and making sure they do not get put into landfills. According to the story, it seems all auto companies are recapturing money by selling these perfectly good batteries for use as storage system from home to commercial applications around the world. Only then after they truly wear out in 20-30 years will the rare earth elements be recaptured to be …
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Tesla and General Motors lead the pack when it comes to the sales of plug-in vehicles. Data from Automotive News says Tesla stands at 193,344 vehicles, followed by GM at 181,062, But there arises a problem; once they cross the 200,000 mark, the phaseout of the $7,500 tax credit begins. Tesla is expected to be first with some predicting it taking place next month (provided they don't run into more production troubles). GM will follow sometime next year. Barring some sort of extension of the program, it will put the two automakers in a bit of bind where they'll be playing on an uneven playing field due to increased costs. It should be noted that the tax credit won't di…
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With President Donald Trump tweeting last Friday threating a 20 percent tariff on all imports of European Union assembled cars, the EU has responded by saying it would raise their tariffs on imports of U.S.-built vehicles. “If they decide to raise their import tariffs, we’ll have no choice, again, but to react,” said EU Commission Vice President Jyrki Katainen. “We don’t want to fight (over trade) in public via Twitter. We should end the escalation.” This comes a month after the Trump administration announced an investigation into new car imports on the grounds of national security. U.S. Commerce Secretary Wilbur Ross said late last week the department is e…
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https://www.freep.com/story/money/cars/general-motors/2018/06/18/gm-lansing-cadillac-plant-invest-sedans/709883002/ Seems GM is not going to do what Ford is doing, Sedans will stay as a part of their portfolio and they are by 2021 going to have two new sedans in the Cadillac portfolio with a $175 million investment at the Lansing Grand River Plant. They say Cadillac has increased sales in China by 51% over 2016 surpassing the amount of Cadillacs sold in the US when compared to China. For 2018, Cadillac sales in the US increased 8.1% and 22.5% in China to 96,321 sales in China for the first quarter. They confirm what many of us knew that XT6 will come out in…
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The National Highway Traffic Safety Administration has sent a cease-and-desist letter to Dolder, Falco and Reese Partners LLC, the company behind an aftermarket device called the Autopilot Buddy. Autopilot Buddy is a small, weighted device that clips onto either side of the wheel to place minor amounts of torque. This fools the Autopilot system into thinking that a driver has their hands on the wheel. The company markets the device as "nag reduction device", reducing the amount of warnings to tell driver to keep their hands on the wheel. The company has a disclaimer on Autopilot Buddy that states, This would be ok if a video demonstrating the product did…
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https://www.detroitnews.com/story/business/2018/06/11/train-station-announcement-detroit-corktown-ford-moroun/689879002/ “ It's an ambitious plan with no recent precedent. The building has sat empty for 30 years and is derelict. And the automotive technologies that Ford intends to test and develop has yet to find a market with consumers around the world. Details are sparse. Executive Chairman Bill Ford Jr. and Ford leadership will talk about their plans for the blighted building June 19. Part of that event, billed as a celebration, will be open to the public.” huge for them to take take on an old facility like this this could become one …
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With more people trending towards trucks and utility vehicles, it would be expected that prices on cars would be falling. But not on used cars according to Edmunds. In their latest Used Car Report, Edmunds says the average price for a used subcompact rose 3 percent in the first quarter. Compacts saw their average price increase by 3.9 percent. The reason according to the report is due to the increasing cost for a gallon of gas. "Used-car shoppers are typically more price-sensitive to changes in the market, but this is the first time in years that we're seeing renewed demand for smaller vehicles With rising fuel costs breathing fresh air into this segment, subco…
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IIHS Top Safety Picks for 2018, Surprise Prius and Ioniq lost out to Kia Niro http://www.iihs.org/iihs/ratings/TSP-List Amazing but for 2018, the Kia Niro bested the Prius and Ioniq as IIHS top Safety pick plus rating. Interesting observation is that this auto beats everyone else out as long as you have all the options checked as the Base Niro is good just not as good as the Niro that was used for testing.
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Top 10 Fastest Depreciating Auto's I See Cars Study 4.1 million auto sales reviewed that became CPO resales and this gave I See Cars a clear picture of the top 10 auto's with the highest depreciation. In the Luxury segment, this led by BMW 5 Series and Mercedes-benz E-Class. iSeeCars 10 Best Bargains on Almost-New Vehicles Rank Car Avg. 3-Year-Old Used Price % Depreciation Depreciation Compared to Average 1 BMW 5 Series $ 30,846 52.6% 1.5 x 2 Volkswagen Passat $1…
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If the Trump administration goes forward with placing a 25 percent tariff on new cars, it could cost automakers between one to two million sales. Analysis done by researcher LMC Automotive said if automakers pass on the full 25 percent tariff to customers, it could cut sales by about two million - about 10 percent of annual U.S. sales. If automakers absorb some some of tariff, the sales drop would reduce to just a million. Jeff Schuster, senior vice president of forecasting for LMC Automotive tells Bloomberg that consumers would react in one of three ways. Look at the used car market Move to domestically built products with cheaper pricetags …
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https://www.detroitnews.com/story/business/autos/2018/06/12/feds-label-fiat-chrysler-uaw-co-conspirators/695076002/ FCA & UAW Co-Conspirators in Corruption Scandal From 2009 to 2015 the federal prosecutors have stated that nepotism was allowed to flourish at a FCA blue-collar training center. The law prohibits employers or those working for them from paying, lending or delivering money or other valuables to officers or employees of labor organizations and from labor leaders from accepting them. From 2009 to 2015 more than $1.5 million worth of illegal payments to UAW officials were made. Some of the illegal benefits are as follows: $365,000 Ferrari and …
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https://www.reuters.com/article/us-germany-electromobility-jobs/switch-to-electric-cars-threatens-75000-german-auto-industry-jobs-idUSKCN1J115L According to Reuters news, EV auto's are more reliable, require less powertrain parts, require less maintenance and depending on how you look at it cleaner for the planet especially when using green sources of power. The auto industry in Germany accounts for 840,000 jobs of which 210,000 are tied to powertrain production. Electric auto's by germany's own reconning will cost 75,000 jobs by 2030 based on the assumption that 25 percent of auto's will be electric, 15 percent hybrids leaving only 60 percent as petrol / diesel…
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According to Rueters that GM today in China anounced a dedicated 10 models for China market added to the 10 they are already working on bringing to 20 models of EV auto's they are working on. https://www.reuters.com/article/us-autoshow-detroit-gm-china/big-portion-of-future-gm-electric-vehicles-for-china-market-executive-idUSKBN1F702M GM has stated that the plan is 1 million EV auto's a year by 2026. China is the heart of GMs EV spearheaded efforts. In China, GM sold 4 million auto's in China or 40% of GM's global tally. 11,000 of them in China were pure EV. GM expects that Plug-in Hybrids and EVs will make up 20% of the Industry projected 35 million annua…
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President Donald Trump is no fan of German automakers. Take for instance this quote from last January, He has also made comments about BMW in the past few months in light of possible tariffs (which appear to be going into effect today). Now, new comments have been brought to light where the president wants to try and ban German cars from the U.S. German magazine Wirtschaftswoche reports that during French President Emmanuel Macron's visit to the U.S. in April, Trump said that he will maintain his current trade policy "until no Mercedes models rolled on Fifth Avenue in New York." This information comes from several unnamed European and U.S. diplomats. At the t…
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Reuters Story - Hamburg Germany Diesel ban Seems that Hamburg has taken it upon themselves to address cleaner air, reduced acid rain and better quality of life by banning ALL DIESEL Auto's that DO NOT meet the Euro 6 diesel certification from their streets. With the Euro courts having ruled that cities do have the rights to ban polluting dirty auto's, Hamburg went to work on creating new signage and for the last few days been putting up the new signage as the ban goes into effect Monday May 28th. This has even bigger implications as Hamburg has asked the courts to rule in regards to allowing cities to ban all auto's that do not meet the Euro 6 standard fro…
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Automakers already have enough of a headache with the current administration in the white house, but news that broke today is only going to make it even worse. Wilbur Ross, the U.S. Secretary of Commerce has announced that President Donald ordered an investigation under Section 232 of the Trade Expansion Act of 1962 to determine "whether imports of automobiles, including SUVs, vans and light trucks, and automotive parts into the United States threaten to impair the national security." "There is evidence suggesting that, for decades, imports from abroad have eroded our domestic auto industry. The Department of Commerce will conduct a thorough, fair and transparent …
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One of the key materials used in electric car batteries is cobalt. But there are growing concerns that the supply of cobalt is getting scarce as more and more automakers begin building electric cars. A new report from Bloomberg New Energy Finance says cobalt shortages are expected to happen earlier than previously forecast. This issue possibly brings a big challenge to the rollout of electric vehicles over the next five to seven years. "The long lead time to bring on new mines and the concentration of cobalt reserves in the Democratic Republic of the Congo mean there is a real possibility of supply shocks in the early 2020s," analysts from BNEF wrote. "If c…
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There has been a lot of talk about driverless cars with companies (both automotive and tech) promising a safe and grandiose future and a number of high-profile crashes that have resulted in fatalities. This got us wondering how the general public feels about them. Recently, two studies came asking this and their results are very interesting. First up is CarGurus which asked 1,873 vehicle owners in the U.S. between the ages of 18 to 65 about self-driving vehicles. 79 percent of participants said they were not excited about owning a self-driving car. 84 percent said they were unlikely to own a self-driving car in the next five years. This number drops to 59 percent when…
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We all know someone who takes things a bit a too far. In the case of automakers, that someone is EPA Administrator Scott Pruitt. Back in April April, Pruitt announced a serious rollback of fuel economy regulations that were set in stone during the Obama administration. In a summary of the proposed draft, the EPA would rollback the fleetwide average from 46.8 mpg for the 2026 model year to around 37 mpg - the fleetwide average for the 2020 model year. The draft also mentions pre-empting "California's authority" on setting their own emission standards under the 1975 Energy Policy and Conservation Act. This move has caused California and a collation of other states to file s…
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You find yourself in the showroom, ready to drive away in a new Chevrolet Bolt, Nissan Leaf, or Tesla Model S. But there is one big question that needs to be decided, do you buy or lease it? According to a report from Bloomberg, most buyers of EVs tend to lease. In the U.S., almost 80 percent of electric vehicles on the road are leased according to their report. It also says that 55 percent of plug-in hybrids are leased. More than 80 percent of BMW i3s are leased as an example. The key reason comes down to the belief that electric vehicles will continue to improve and buyers can simply trade them - similar to purchasing a new smartphone. "When there’s new techno…
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Earlier this week, the Environmental Protection Agency announced that it would be rolling back the fuel-efficiency regulations that were approved during the Obama administration. The agency also announced possibly revoking California's waiver that allows it to set tougher standards on vehicle emissions. The state vowed to fight this. But a new report from the New York Times says California and officials from the Trump administration are in talks about possibly reaching a deal to avoid a legal fight. Speaking to a half-dozen of sources briefed about the talks, the Times reports that the two parties, along with representatives of major automakers, "are searching for a …
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Another wave of fallout from the Volkswagen diesel emission scandal could be coming later this week in a German court. Reuters reports that Germany’s federal administrative court will be ruling whether or not local governments could ban diesel vehicles. Environmental group DUH sued the Stuttgart and Duesseldorf governments for over levels of diesel particulate matter exceeding European Union limits after Volkswagen admitted to cheating on emission tests. Local courts ordered the governments to ban diesel vehicles that don't conform to current EU standards on days when pollution is bad. The two states where a number of automakers and suppliers reside appealed the dec…
Last reply by G. David Felt, -
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PSA Group's decade-long plan of possibly returning to the U.S. continues forward and they are facing their next roadblock, setting up a dealer network. Trying to convince dealers to sell brands that haven't been sold since the early nineties. But the French automaker believes they have a solution, using a tech-centric approach that will be affordable. "We see the high cost of doing this business; we see the challenges that exist in profitability for dealers and OEMs. We believe with the new tools, the new technology, the new customer expectations, there are leaner, more agile ways to do this," said PSA North America chief Larry Dominique to Automotive News. "We …
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In 2009, the U.S. saw its lowest number of pedestrian deaths. But since then, that number has increased by 46 percent as pedestrian crashes have become more frequent and deadlier. Why is that? The Insurance Institute for Highway Safety released a study today investigating the possible reasons. One key indicator is the number of crashes involving SUVs. According to IIHS data, between 2009 and 2016, fatal single-vehicle crashes involving SUVs rose 81 percent - the largest increase of any vehicle segment. Aside from the growing popularity of SUVs and crossovers, the tall body height and larger footprint mean in a pedestrian crash, the vehicle is hitting a person's chest…
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The past month has been quite strenuous on the relationship between the Environmental Protection Agency and the State of California. Back in April, EPA chief Scott Pruitt announced they would be rolling back the fuel-efficiency regulations set towards the end of President Obama's tenure. The EPA also announced that it was considering revoking California's waiver to set their own emission standards. A few days later, we reported that the officials from the White House, California, and automakers were trying to work out a possible emissions deal to prevent a legal fight. It seems those talks went nowhere as California along with sixteen other states and the District of Colu…
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More and more automakers are launching subscription services as another option to get into new or used cars. But a new report shows the subscription services are still flying under the radar for most consumers. Autolist recently conducted a survey with 1,428 car shoppers in the second half of April. This is what they found out. 70 percent of shoppers had no idea that such a thing existed Out of the 30 percent of shoppers who knew about subscription services, only half could actually name one 33 percent would consider a subscription service for their next vehicle. The number climbs to 45 percent when asked if they would consider it in the future …
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In a move that was expected to happen soon, the EPA announced that it plans to revise the fuel-efficiency regulations that were approved during the President Obama administration. “The Obama EPA’s determination was wrong. Obama’s EPA cut the midterm evaluation process short with politically charged expediency, made assumptions about the standards that didn’t comport with reality and set the standards too high,” said EPA chief Scott Pruitt in a statement today. The statement goes on to say that the agency will begin working on new standards for cars for 2022-2025 with the National Highway Traffic Safety Administration. The regulations that were finalized d…
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It is no secret that buyers are gobbling up SUVs and crossovers, nor is it that automakers are introducing new and redesigned models. Take a look at the New York Auto Show this week where a number a new models (Toyota RAV4 and Subaru Forester) and concepts (Lincoln Aviator) made their debut. According to automotive consultancy firm LMC Automotive, there are currently 63 mainstream crossover and SUV models, and 53 luxury models. By 2023, LMC is projecting 90 models for both mainstream and luxury. But this prompts a question - how much is too much? “I think everyone has read the same tea leaves - right now there seems to be insatiable demand,” said Cadillac presid…
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Ever since PSA Group announced that it would be making a return the U.S. as part of a 10-year plan, there has been a large amount of speculation as to which brand would be sold. Would it be Citroen, DS, Peugeot, or the recently acquired Opel/Vauxhall? “We’ve chosen a brand, but it’s too early to talk about it,” said Larry Dominique, president and CEO of PSA North America to Car and Driver. PSA Group is still in the first phase of its plan with the Free2Move mobility aggregation platform (shows various ways of getting around such as bikes and electric vehicles) in Seattle. Somewhat worrying is that the company has only “activated its marketing” in Seattle recentl…
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If you have been following auto sales for the past few years, then you know that SUVs and trucks currently dominate the sales charts partly due to the low gas prices. This is especially true when it comes to the luxury segment, where utility models are eating sedans. But a new report from The New York Times reveals that American automakers are eating the lunches of luxury car manufacturers. According to data from Edmunds, the likes of Ford, Chevrolet, and GMC have seen their share of domestic sales of models with an average price of $60,000 steadily climbing, while luxury brands like Mercedes-Benz, Porsche, and Lexus have been declining. GMC, in particular, has show…
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The Geneva Motor Show saw Mercedes introduce their new AMG GT 4-Door and BMW revealing their M8 Gran Coupe concept. We still find ourselves scratching our heads as to why these vehicles exist in the first place, but a new Bloomberg report explains an interesting reason as to why automakers are building them. These high-performance models with high price-tags will help generate the cash needed to develop electric vehicles. BMW for example is in the midst of its largest rollout of new models and variants. Most of them will be higher-margin to help get more cash into their coffers. "The market for high-end, high-performance four-door coupes will get significantly m…
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A big complaint you'll hear from journalists covering the Detroit Auto Show is the month that it is held. January is a miserable time in the north with cold temperatures and endless amounts of snow. But there could be some relief coming. The Wall Street Journal has learned from various sources that organizers of the show are considering moving the show from January to October. Crain's Detroit Business adds that show officials have been floating this idea for more than a year with automakers, city officials, and Cobo Center. Both say the show's leadership team has yet to make the final decision and could happen as early as 2020. A spokesman for the Detroit Auto S…
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Geely Automotive's chairman Li Shufu made headlines last week by dropping $9 billion for 9.69% stake in Daimler AG, making him the biggest shareholder in Mercedes-Benz's parent company. This follows a trend by Geely in buying automakers (Volvo in 2010, a 51 percent stake in Lotus last year). But a new report from Bloomberg reveals Shufu had his eye on a possible bigger prize. Last year, Shufu approached Fiat Chrysler Automobiles about "a potential takeover". According to people familiar with the matter, Geely and FCA held informal talks. Nothing would come to fruition however as the two disagreed on how much FCA would be worth after the completion of the current five…
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Germany's highest court, the Federal Administrative Court ruled today that cities can ban older diesel vehicles to help cut pollution. According to Reuters, the case was brought to the Federal Administrative Court after local courts ordered the Düsseldorf and Stuttgart governments to ban older diesel vehicles. The states disagreed with this decision and appealed it to the highest court. Originally, the Federal Administrative Court was expected to rule on the case last week, but it was pushed back. In the ruling, the court said the two cities should introduce the bans gradually and exemptions can be made for certain types of vehicles like ambulances. “It wi…
Last reply by Drew Dowdell, -
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January is usually not a strong month for car sales as it just after the holidays and people don't have the money to buy a new car. This is reflected in our January sales figure ticker where most automakers post small increases and decreases. There were some automakers that posted some surprising numbers. Nissan reported a 10 percent increase and Toyota noted an impressive 16.8 percent rise. The two automakers credit their utility as a key reason for the rise. But Bloomberg reports there is another reason for these rises. Pulling data from Cox Automotive, Bloomberg found out that fleet deliveries for the month rose 46 percent for Nissan and 69 percent for Toyota. Mos…
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The New York Times dropped a bombshell of a report last week saying that German automakers funded an experiment that had 10 monkeys in airtight chambers, inhaling diesel fumes from a Volkswagen Beetle TDI. The experiment took place back at an Albuquerque, New Mexico laboratory in an effort to prove newer diesel vehicles were cleaner than older models. But researchers were unaware that the Beetle used in the experiment was equipped with a defeat device that allowed it produce fewer emissions in the lab than on the road. This experiment was brought to light via a lawsuit against Volkswagen in the U.S. The European Research Group on Environment and Health in the Tr…
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Long read, but in-depth: http://www.thedrive.com/tech/17083/the-battle-for-best-semi-autonomous-system-tesla-autopilot-vs-gm-supercruise-head-to-head?xid=fbshare
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We have heard countless promises and teases from various Chinese automakers about entering the U.S. market. But one automaker appears to be making a serious effort to make it a reality. Last week at the Detroit Auto Show, Guangzhou Automotive Group (GAC) announced that it plans on launching the GS8 SUV in later 2019, and will attend this year's National Automobile Dealers Association convention in March. "We will attend the NADA convention in preparation for entering the North American market in the fourth quarter of 2019," said GAC President Yu Jun. “We will explore all sorts of channels, including partnering” with other dealership groups, he said. “We wi…
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PSA Group CEO Carlos Tavares told attendees of the Automotive News World Congress yesterday they are employing the know-how from Opel engineers to develop vehicles for the U.S. market. Tavares declined to say which brand will lead the charge but did hint that future Opel models would be engineered to be compliant with U.S. regulations. Launching one of PSA Group's brands will be the last step in the company's 10-year plan of re-entering the U.S. market. Already, PSA is offering mobility services in parts of the U.S. and will launch a car sharing service in two to three big cities within the year. “A 10-year plan gives us the appropriate time to properly underst…
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As lawmakers continue to work on comprehensive tax reform, one item related to the automotive industry on the table was the tax credit for electric vehicles. The credit, which can be up to $7,500, was dropped in the House version of the bill but kept in the Senate version. The credit was started in 2009 as part of the economic stimulus package as a way to encourage investment by auto manufacturers in the development of electric powered or assisted vehicles. The the current version of the bill in reconciliation keeps the credit. Analysts estimate that scrapping the credit would save $200 million over the next 10 years. The credit is capped at 200,000 qualifying …
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Europe is starting to develop a case of pickup truck fever. According to data from JATO Dynamics, 80,300 trucks were sold in Europe in the first half of this year. This pales in comparison to the 1.1 million full-size and 216,194 midsize trucks sold in the U.S. in the same timeframe. But sales in Europe are climbing. LMC Automotive says sales of trucks in Europe are up 19 percent and they predict sales will crest 200,000 next year. Why this steady rise in pickups? According to Automotive News Europe, it comes down to the lack of alternatives and government regulations. "One of the reasons is usage. Previously people used large, body-on-frame SUVs to tow boats or…
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Whenever Bob Lutz speaks, many people tend to listen as he a number of years of being in the automotive industry under his belt. Recently, Lutz wrote an editorial for Automotive News' Redesigning the Industry where he predicts we are “approaching the end of the automotive era,” within the next 20 years. “The end state will be the fully autonomous module with no capability for the driver to exercise command. You will call for it, it will arrive at your location, you’ll get in, input your destination and go to the freeway On the freeway, it will merge seamlessly into a stream of other modules traveling at 120, 150 mph. The speed doesn’t matter. You have a blending of r…
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A self-driving shuttle service got off to an auspicious start yesterday in Las Vegas when it was involved in an accident with a delivery truck. According to NBC affiliate KSNV, the accident took place during the shuttle's first hour of service when a delivery truck back into the shuttle. According to an AAA representative on Twitter, the driver was cited by Las Vegas Metro Police. "The autonomous shuttle was testing today when it was grazed by a delivery truck downtown. The shuttle did what it was supposed to do, in that it’s sensors registered the truck and the shuttle stopped to avoid the accident. Unfortunately, the delivery truck did not stop and grazed the …
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William Maley Staff Writer - CheersandGears.com August 9, 2012 Chrysler, Ford, and General Motors have been making great strides in quality. J.D. Power and Associates' recent Vehicle Dependability Study saw Buick, Ford, and Lincoln above the industry average. Also, Cadillac, GMC, Chevrolet, and Ram trucks all ranked above average in J.D. Power's Initial Quality Study. However, there is still many people who view these three as inferior vehicles. A new poll from Harris Interactive says that out of 2,634 U.S. adults, 35% said they find the quality of american vehicles to be inferior to imports. The poll also found that 24% of adults find imports to be inferior and 42% f…
Last reply by A Horse With No Name, -
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Luxury automakers have been taking full advantage of the high-demand for SUVs and crossovers and raking in the dough. But as Neuton's third law of physics tells us, "for every action, there is an equal and opposite reaction." In the case of luxury automakers, they have a number of sedans and coupes from lease turn-ins that they cannot sell. “It’s not necessarily the overwhelming amount of vehicles, it’s the mix of those flood of vehicles. You’re throwing all these cars into the marketplace a couple years after it has evaporated and jumped into SUVs,” said Scott Keogh, president of Audi of America to Bloomberg. This puts a lot of strain on luxury automakers as th…
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A number of companies that are working on autonomous driving systems are implementing features that require a driver to take control in hairy situations. But Waymo, the self-driving unit of Alphabet (Google's parent company) recently revealed they have stopped developing these features. The reason is simple, drivers lacked the awareness to take over driving. Waymo's CEO John Krafcik told reporters yesterday the decision to scrap this technology comes down to experiments done back in 2013 with Google employees that were filmed. The videos shown for the first time outside of Google showed people messing on their phones, putting on makeup, and even someone deciding to t…
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G. David Felt - Staff Writer Alternative Energy - www.cheersandgears.com Xiaopeng Motors, Thanks Tesla for Open Source Patents It was only a matter of time and someone coughing up money before someone would use Tesla Open Patents to build a EV Competitor. Xiaopeng Motors is that company and thanks to Tesla, the dream of a young man is becoming reality. Musk has always said the focus is the drive to accelerate the change to EV Auto's. With this dream we now have the XPeng SUV EV. Henry Xia took this to hear in 2014 when once Tesla had announced the open source of their patents that this young engineer could build his own dream company. With …
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Between now and 2022, at least 50 electric vehicles will be launched. They'll be coming from the likes of Volkswagen, Diamler, and General Motors. Heck, even Dyson is getting into the game. But why this rush to get EVs on the road? It comes down to two things, Tesla and upcoming regulations. “Nobody doubts that the future will be electric. The car companies dragged their feet with electric. Now they are being dragged into it by Tesla and by regulations,” said Erich Joachimsthaler, founder and CEO of brand-strategy firm Vivaldi to Bloomberg. Tesla makes sense as they have created a cult of personality with rabid fans and somehow selling vehicles like hotcakes. A…
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Kelly Blue Book has listed the ten vehicles that deprecate at alarming rate and top three happen to be electric vehicles. The Nissan Leaf according to KBB is projected to only retain 18 percent of its new-car price after five years. Behind the Leaf is the Fiat 500e which is expected to retain 21 percent and the Smart ForTwo EV which is expected to retain 21.5 percent. Few key items to keep in mind: Fiat 500e is only available to lease in California A number of automakers, like Nissan have been dropping the price of the EVs Electric vehicles come with a number of incentives from the U.S. and state governments, which in turn hurt the resale value Eric Ibara, dir…
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Infotainment systems are one the banes of the automotive world. From confusing interfaces and controls, to issues with crashing and features not working. Add distracting drivers to this list. The AAA Foundation for Traffic Safety worked together with researchers at the University of Utah to measure the time it took to complete the task, and the visual and mental demand on the driver. 120 drivers were asked to perform various tasks such as operating the stereo and putting in information for navigation system using all input methods - touchscreen, physical controls, and voice commands. They would do this in 30 different vehicles on a two-mile stretch of road going 25 mp…
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The State Fair of Texas began last week and truck manufacturers were out in force with new models to tempt consumers in the largest truck market in the U.S. Both Ford and Ram Trucks rolled out new luxury trims of their pickups - Ford with the Limited and Ram with the Longhorn Southfork. Both trims can easily reach $100,000 which to some is pushing it. But marketers at the truck manufacturers tell Automotive News they don't know where the ceiling is on how much consumers are willing to spend. "It's hard to guess how big the market is. I don't think trucks have found a ceiling yet. You get customers who want every bell and whistle," said Todd Eckert, Ford's truck group…
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G. David Felt - Staff Writer Alternative Energy - www.cheersandgears.com Honda Consolidating Assembly plants in Japan It would seem Evolving is the new Honda buzz word as Honda releases a News Release this morning stating that they will be evolving their automobile production systems in Japan by merging their Saitama assembly line into the Yorii plant consolidating respective production strengths. This evolution will allow them to prepare and better guide the company as they plan and prep for the evolving electrification and intelligence technologies that will become standard in the auto industry. This will allow them to use the Yorii plant as a test bed for glo…
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California is considering joining France and Great Britain in banning the sale of gas and diesel-powered vehicles. Governor Jerry Brown has been expressing an interest in banning the sale of internal-combustion engines according to Mary Nichols, chariman of the California Air Resources Board. “I’ve gotten messages from the governor asking, ‘Why haven’t we done something already?’ The governor has certainly indicated an interest in why China can do this and not California,” she said to Bloomberg. As we reported earlier this month, China is also considering a ban on internal combustion engines. California has set an ambitious goal reducing carbon dioxide…
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It seems everyone is getting into the car business, whether that is through autonomous technologies or electric vehicles. The latest entrant may surprise a number. Yesterday, Dyson (yes, the vacuum cleaner maker) announced that it was working on an electric vehicle. Rumors about this have been swirling for a few years. Last year, the documents from the UK government revealed a £16 million ($22.54 million) grant was awarded to the company for the research and development on batteries, which added more fuel to the fire. In the announcement, founder James Dyson revealed that company has been working on this project for more than two years. 400 people are working on the …
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Most new cars and trucks sitting on dealer lots have fuel economy estimates on their window sticker. The only group of vehicles that don't are heavy-duty trucks. This is due to the EPA not requiring automakers to publish estimates on trucks with gross weight ratings that exceed 8,500 pounds. This makes it difficult for folks to compare the heavy-duty trucks with one another or comparing the diesel variants with the light-duty gas versions. Consumer Reports doesn't believe it should be this way and is working on an effort to change this. Consumer Reports recently tested a Chevrolet Silverado 2500HD, Ford F-250 Super Duty, and Ram 2500 equipped with their optional dies…
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As PSA Group - parent company of Citroen, DS, and Peugeot - gradually makes moves into possibly selling vehicles into the U.S., they are taking the next step by engineering their next-generation vehicles to meet U.S. regulations. "That means that from three years down the road we'll be able to push the button, if we decide to do so, in terms of product compliance vis-a-vis the U.S. regulations," said PSA Group CEO Carlos Tavares to Automotive News. Tavares also said PSA has decided which of three brands will be the first appeared in the U.S., but it isn't ready to announce which one. Source: Automotive News (Subscription Required) View full article
Last reply by Drew Dowdell, -
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Automakers have been trying different technologies and ideas in an effort to boost fuel economy and reduce emissions. On paper, the new technologies do make a difference. But in the real world, it is a completely different matter. Emissions Analytics, an independent U.K.-based company has been investigating what technologies actually make a difference in reducing emissions and fuel consumption. For the past four years, the company has tested over 500 vehicles in the U.S. since 2013 in real-world driving situations. Globally, it has tested over 1,000 vehicles. Next month, the company will be releasing a study showing which of those technologies help and hurt. "Y…
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Anyone seen much about this entity? "Super luxury line with NG V-16". http://www.godsilmotorcars.com/vision.html https://twitter.com/GodsilMotorcars
Last reply by oldshurst442, -
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The recovery process of Hurricane Harvey is in full swing and nowhere is this more apparent than the amount of people heading to dealers. Steven Wolf, chairman of the Houston Automotive Dealers Association tells Automotive News that dealers in the Houston area "abnormal" traffic as people come in looking for a replacement. The sudden rise isn't that surprising as the Houston metro area is about the size of New Jersey. Wolf said the first order business for many folks is to get back into a vehicle so they can get around. "People have moved past the 'Oh, my God, what am I going to do?' [stage] to 'Let's get a plan; we need to do this, this and this.' At the top o…
Last reply by Scout, -
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For the past few years, luxury automakers have been trying to fill every single niche they could think of. It's why we have such models as the BMW 5-Series GT and Mercedes-Benz GLC-Coupe for example. But now, BMW and Mercedes-Benz admit they have too many models and are planning to cut some. “The checkerboard of body styles and segments is rather full, although there are still a few to be finished. We’ve got an X2 and an X7 coming, and there are a few others, but I also know—because we’ve taken decisions—that some body styles will be removed in the future,” said Ian Robertson, BMW’s head of sales and marketing, to Car and Driver. “There’s definitely more of a mo…
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2013 to Today, Engines under 3 Liters and Turbocharged have gone backwards on MPG and Emissions in Real World Driving Technology today is proving to be more effective in controlled testing than in real world driving. A U.K. based company that does emission testing has been in the US running a long term testing of over 500 auto's testing real world versus testing for MPG, greenhouse gas creation and overall improvements and the end result is that with all the new technologies from Turbocharging, start-stop, lightweight materials and eco-drive settings that the top 4 things have shown up to Quote the story: Vehicles with engines smaller than 2 liters have essent…
Last reply by Robert Hall, -
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China is the latest country to investigate possibly ending the sale of gas and diesel vehicles. According to the state's Xinhua News Agency, deputy industry minister Xin Guobin told an auto industry forum over the weekend has started "research on formulating a timetable to stop production and sales of traditional energy vehicles." “Some countries have made a timeline for when to stop the production and sales of traditional fuel cars,” said Guobin. “The ministry has also started relevant research and will make such a timeline with relevant departments. Those measures will certainly bring profound changes for our car industry’s development.” This move is…
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Analysts believed that August was going to be the month the auto industry would post its first year-over-year increase for 2017. But then Hurricane Harvey hit Texas, leaving a path of destruction and extensive flooding. Sales for the month would drop 1.9 percent to 1.48 million vehicles when compared to the same month a year ago. "Harvey will also depress one of the most critical selling periods of the year, spanning the August sales month close and Labor Day weekend. In 2016, these 11 days alone accounted for 4.1% of retail sales, or 580,000 units, nationally,” LMC Automotive said in a report. But analysts believe sales - new and used - will bounce back in Sept…
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There are more expenses to owning a new car aside from making a monthly payment. You have gas, maintenance, repairs, and depreciation to worry about. The total cost according to a new study from AAA will depend on the type of vehicle you're driving. AAA's Your Driving Costs study reports that average cost to own and operate a new vehicle in 2017 is $8,469 per year - $706 per month. The study looked at 45 new vehicles from the 2017 model year and evaluated the various costs such as gas and maintenance, but not insurance and monthly payment. When broken down into individual segments, small sedans are the cheapest ($6,354 annually) and trucks are the most expensive ($10,…
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The past few years have been tiring if you happen to be a millennial. There has been countless articles talking about how this group are not buying houses or vehicles. Of course, the reason is that millennials don't have the money (saddled with more debt, having entry-level salaries, etc). But that is changing. According to a report from Bloomberg, millennials are beginning to head out to the suburbs, and purchasing houses and cars. The reason? They're having their baby boom. According to data from the Zillow Group, Americans aged from 18 to 34 have become the largest group of home buyers, with almost half living in the suburbs. They're upsizing their vehicles as wel…
Last reply by Robert Hall, -
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The Frankfurt Motor Show is only just a month away, where will see a new selection of production and concept vehicles. But there will be some no-shows. Automotive News Europe has learned of nine automakers that will be skipping the show. They include, Alfa Romeo DS Fiat Infiniti Jeep Mitsubishi Nissan Peugeot Volvo The nine automakers combined make up 20 percent of all automotive sales in Europe. So why are they skipping? One issue is the cost as automakers have to spend a fair amount of cash to take part. Ian Fletcher, principal analyst for IHS Markit said it is becoming very difficult for a company to…
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Only a few weeks ago, Toyota and Mazda surprised everyone by announcing a new alliance. The two would collaborate on a number of projects including a $1.6 billion assembly plant, possibly bringing 4,000 new jobs. At the time, the two automakers haven't decided where the plant would go, which sent various states in a frenzy. A report from the Detroit Free Press has learned that the two have sent out a blind request for proposals from states in Midwest, mid-Atlantic and South. Sources tell the paper that the request was from an unidentified employer that was considering options for a new project known as 'Project Mitt'. State officials have sent preliminary proposals t…
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It's ALL been tried before; I'm convinced there is no new automotive tech concept that hasn't either been tried or researched, not in the last 25 years. That said, I'm going to toss up a few other industry autonomous experiments up later today, as food for thought.
Last reply by oldshurst442, -
Last month, electric vehicle start-up Faraday Future halted construction on their $1 billion production facility in North Las Vegas. At the time, FF said they would be looking into purchasing or leasing a production facility in either California or Nevada to get production of the FF 91 up and running. Today, Faraday has announced they have leased a factory in Hanford, California - about 200 miles north of their headquarters in Los Angeles. The facility is million-square-feet and the company is planning on employing close 1,300 people once production is up and running. “Our new production facility is the latest demonstration of our commitment to getting FF 91 on th…
Last reply by G. David Felt, -
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Mazda and Toyota announced today a new alliance that will strengthen their current partnership and see the two collaborate on a number of projects. The big news is a new, $1.6 billion joint-venture assembly plant for the U.S. The location hasn't been revealed, but it will produce Corollas and Mazda crossovers. The plant is expected to open in 2021 and produce up to 300,000 vehicles per year. The other big news deals with the two forming a shared capital structure. Toyota will acquire 5.05 percent into Mazda, and Mazda will get 0.25 percent of Toyota. The two will also work together on developing electric vehicles and various safety technologies. Additionally, Mazd…
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Toyota Motor Corp (7203.T) and Mazda Motor Corp (7261.T) plan to build a $1.6 billion U.S. assembly plant, the two said on Friday, as part of an alliance that will also see the Japanese automakers jointly develop electric vehicle technologies. The two will take small stakes in each other as part of the tie-up: Toyota, the world's second-largest automaker by vehicle sales last year, will take a 5 percent share of Mazda, extending its dominance in Japan's auto sector. Mazda will take a 0.25 percent share of its larger rival. The plant, something of a surprise at a time of overcapacity in the U.S. market, will be a boost to U.S. President Donald Trump, who campaign…
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While the primary focus at PSA Group for the past few months has been purchase of Opel and Vauxhall from General Motors, there has been another project that has been going in the shadows, the return of the French automaker to the U.S. Speaking at the CAR Management Briefing Seminars this week in Traverse City, MI, the CEO of the recently established PSA North America Larry Dominique gave a status update. Back in April, PSA made their first foray into North America with the launch of car-sharing service TravelCar in Los Angeles and San Francisco. The next step is the launch of the Free2Move application into North America. Already launched in Europe, the applicati…
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Great Britain is planning to ban the sale of conventional gas and diesel vehicles from 2040 to help reduce air pollution. The government announced this in a paper published by the Department for Environment, Food and Rural Affairs (DEFRA). "There should be no new diesel or petrol vehicles by 2040," said environment minister Michael Gove to BBC Radio. This is part of the government's £2.7bn blueprint for tackling air pollution. This includes investments going towards building out a charging infrastructure, more efficient public transport, and promoting walking and bicycling. It needs to be noted that the ban will not affect models with hybrid and plug-in hybrid d…
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Cars With the Oldest Buyers October 2, 2014 6:37 am EDT As the U.S. economy continues to recover, domestic car sales for 2014 are projected to come close to an all-time high. But while the auto sales have picked up, especially for luxury brands, older customers are driving much of the growth. Last year, the average American car buyer was almost 52 years old. Some car brands are especially dependent on older buyers. While Land Rover’s average customer was just under 48 years old last year — the youngest average age among car brands reviewed — buyers of luxury brand Lincoln were the oldest in the nation, with an average age of 61 years. Based on a recent report fro…
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Unless you have been living underneath a rock, then you know that the popularity of crossovers and SUVs have been booming. A new analysis reveals this popularity will not be going away anytime soon. IHS Markit looked at consumer loyalty rates for various body styles from 2012 to April 2017 and found that 66.2 percent owners of SUV and crossover models returned to buy another - the highest IHS has ever recorded. To give some perspective, pickups come second at 50.9 percent. "We collect this data and provide it to our clients once a month, but we felt that the results were so extraordinary in terms of consumer loyalty numbers for SUVs and CUVs that we wanted to pu…
Last reply by oldshurst442, -
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Electric car startup Lucid Motors has been in process of trying to raise extra cash to move forward with the development of their first model, the Air and a factory in Arizona. But Bloomberg has learned from sources at the startup that Lucid reached out to Ford about a possible sale. Reportedly, Ford said they are not looking for a deal at the moment. Currently, the blue oval is undergoing a 100-day review by new CEO Jim Hackett. Interestingly, a source went on to say that Ford isn't ruling out a deal down the road. For the time being, Lucid has called in Morgan Stanley to help with raising the extra funds. “We don’t have the money in place. That’s why we need t…
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The comedy of errors that is electric car startup Faraday Future continues. According to the Las Vegas Review-Journal, Faraday Future has stopped construction on its $1 billion production facility in North Las Vegas. The company in a statement the decision came down to a changing business strategy. “We have decided to put a hold on our factory at the Apex site in North Las Vegas. We remain committed to the Apex site in Las Vegas for long-term vehicle manufacturing.” Faraday goes on to say they are looking into purchasing an existing building either in California or Nevada. This would allow them to get production of their first vehicle, the FF 91 underway very qui…
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G. David Felt - Staff Writer Alternative Energy - www.cheersandgears.com 2017 J.D. Powers IQS Study Out - Top Brand 2nd Year in a Row - KIA! Amazing but Kia is the top brand for the 2nd year in a row and while they talk about some of the history of when these reports started, one of the more interesting foot notes is that American brands have surpassed Asian and German brands in 3 of the last 5 years. On top of this is the interesting not about how Mercedes Benz was one of the best auto assembly lines and quality products way back when and now can only tie with Chrysler Corp for middle of the pack quality with 102 defects per 100 auto's built. So every aut…
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Airbag manufacturer Takata is at the center of one the largest automotive recalls which affect an estimated 100 million vehicles from two dozen automakers around the world. The airbags in question have inflators that can rupture and send shrapnel flying in the event of a crash. They have been linked to at least 16 deaths and 180 injuries. Now, the next chapter begins as Takata filed for bankruptcy. Yesterday, TK Holdings (Takata's U.S. operations) filed for Chapter 11 bankruptcy in Delaware on Sunday with liabilities totaling between $10 billion to $50 billion. The company would file for bankruptcy in Japan today. Takata also announced that it would be selling i…
Last reply by A Horse With No Name, -
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Takata, the Japanese company facing billions in liabilities stemming from its defective air bag inflators, is preparing to file for bankruptcy as early as next week as it works toward a deal for financial backing from U.S. auto parts maker Key Safety Systems, sources said on Thursday. https://www.google.com/amp/amp.timeinc.net/fortune/2017/06/16/takata-bankruptcy-air-bag/%3Fsource%3Ddam I'm really surprised it took this long. So what does this mean for all the people who have active recalls?
Last reply by A Horse With No Name, -
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GM Yields Sales Crown to FORD, or Did They? Motley Fool Report Interesting read, Ford won the month of May due to dumping a ton of auto's on the rental fleet market. GM had higher ATP than Ford, taking out rental sales, GM was the leader in North America. Some interesting takes on inventory on hand and how each company is dealing with the slow down. Read and sound off
Last reply by A Horse With No Name, -
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While car sales are down, the number of people opting for loan lengths from 73 to 84 months is going up. Karl Kruppa, senior automotive solutions consultant for Experian said at a conference last week that the share of 73 to 84 months car loans has been rising over the past eight years. Through February of this year, 33.8 percent of loans were for terms longer than 73 months. Other numbers to take into consideration, In the fourth quarter of 2010, three-fourths of new-car loans were between 73 to 75 months. Only 17.1 percent of loans were 84 months. Fast forward to the fourth quarter of 2016 and 28.7 percent of new car loans reached 84 months. …
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Towards the end of Obama presidency, the administration unveiled guidelines for testing and deployment of self-driving cars in the US. But there is a new presidency in the White House and that means things will be changing - although details are scarce as to how. U.S. Transportation Secretary Elaine Chao said in Detroit yesterday the Department of Transportation would revisit and revise the guidelines put forth by the previous administration within the next few months. "The pressure is mounting for the federal government to do something" about autonomous vehicles, said Chao. "We don't want rules that impede future technological advances." Chao didn't g…
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And boy does this thing seem spicy- C&D MT Carfection via Jalopnik I have to say, I never disliked this thing in the first place, but I'm really starting to come around to it. It seems Ford really did make a racecar for the road, and I give them major props for that. In that light, I don't think the fact that it's a turbo V6 rather than a V8, V10, or V12 counts as much as a demerit. If you want a focused track weapon, this thing seems to offer more than even the big names across the pond has available. Bravo, Ford.
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Here is a paradox for you: Automakers have been increasing the number of safety features in their vehicles to help protect or avoid a crash. But this has also brought an unforeseen consquence; crash your vehicle and it is more likely that your insurance company will total it. That's according to a story from Automotive News who spoke with Bob Tschippert, senior vice president of Dallas-based underwriter Risk Theory. Tschippert explained that all of these new features has increased the costs of repairing a vehicle, thus causing the chance of an insurance company totaling vehicle to rise. "In the past, if you had a front-end collision, you had damage to the engine…
Last reply by Robert Hall, -
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April's auto sales are one most automakers would like to pretend never happen due to big declines. But if there is a silver lining to April sales, it has to go to small sports cars. Automotive News ran the numbers and found that sales of small sports cars rose 3.4 percent so far this year. Contrast this with 12 percent drop in overall demand for cars. The big winner in this group was the Mazda MX-5 Miata with sales up 35 percent so far this year. Sales in April declined slightly from March (1,319 vs. 1,345 units), but rose sharply when compared to January (929) and February (1,108). Other models saw noticeable increases: Fiat 124 Spider saw its sales ris…
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I can’t believe I’m saying this but, This thing actually seems usable and well done as far as capabilities go. It doesn’t have the highest towing ability but 5000 pounds isn’t too shabby. 2000 pound payload is better than most half tons available. On board power pretty much does away with range anxiety. I could see people actually wanting this if the price is reasonable. http://news.pickuptrucks.com/2017/05/2018-workhorse-w-15-review-first-look-and-drive.html
Last reply by G. David Felt, -
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Sales of new cars in the U.S. have been dropping in the past three months and analysts believe April's sales results will be much the same. But why are sales falling? It comes down to prices of new cars going up and up. According to data from ALG True Car, the average new-car price rose two percent when compared to last year. Kelly Blue Book reports that the average transaction price in March increased 1.7 percent to $34,342 when compared to the same time last year. There are a number of factors as to why consumers are balking at larger prices; credit not being as easy to attain, younger buyers being saddled with debt, and inflation. “It’s not just the price of …
Last reply by A Horse With No Name, -
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Chinese automakers see the U.S. as a land opportunity and have been making promises to start selling vehicles in the near future. None so far have made it. Now one Chinese brand is reconsidering their plans. SAIC Motor Corp., China's largest automaker and partner with GM, has put their U.S. ambitions on hold. Michael Yang, executive director of SAIC Motor’s international department said at a briefing that they have uncertainties about the trade policy between China and the U.S. due to the election of Donald Trump. Yang went on to say that the company would implement their U.S. strategy once it has gotten clarity. For the time being, SAIC has moved up plans to start s…
Last reply by G. David Felt, -
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The rivalry of the Chevrolet Camaro and Ford Mustang has been going for ages in the U.S. But now this fight has expanded into China. Automotive News reports that a growing group of Chinese buyers are being drawn towards to these models as the exude the no-apologies Americana attitude. "We're seeing the beginning of a muscle car culture here. Something that is uniquely American appeals to the Chinese consumer. The image that it relays to the automotive public is very positive," said James Chao, a China market auto analyst with IHS Markit. Sales of both models are small with Chevrolet only moving 2,000 Camaros since its launch 2011. Ford is doing slightly bet…
Last reply by A Horse With No Name, -
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" Dearborn — Ford Motor Co. will invest $1.2 billion in three Michigan facilities to prepare for production of the all-new Ford Ranger and Bronco, and to support the company’s expansion into mobility. The company said Tuesday it will invest $850 million to retool its Michigan Assembly Plant in Wayne for truck and SUV production; $150 million in its Romeo Engine Plant to expand capacity for several vehicles; and $200 million to build a data center at the company’s Flat Rock Assembly Plant. Ford announced in January the Flat Rock facility also would see a $700 million investment and 700 new jobs to support the production of electrified and autonomous vehicles. The…
Last reply by A Horse With No Name,
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