Jump to content

Search the Community

Showing results for tags 'Rumorpile'.



More search options

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • News and Views
    • Staff Reviews
    • Reader Reviews
    • Auto Show Coverage
    • Sales Figure Ticker
    • Editorials
    • Competitions
    • Industry News
    • Motorsports
  • Brand Discussion
    • Aston Martin
    • BMW Group
    • Daimler AG
    • Fiat-Chrysler Automobiles
    • Karma
    • Ferrari
    • Ford Motor Company
    • General Motors
    • Honda Motor Company
    • Hyundai Motor Group
    • Jaguar-Land Rover
    • Lotus
    • Mazda
    • McLaren Automotive
    • Nissan-Renault Alliance
    • SAAB / NEVS
    • Subaru
    • Suzuki
    • Tesla
    • Toyota Motor Corporation
    • Chinese Automakers
    • Volkswagen Automotive Group
    • Volvo
    • The British
    • The Italians
    • The French
  • Heritage Marques
    • Pontiac
    • HUMMER
    • Saturn
    • Oldsmobile
    • Mercury
  • Forum Information
    • New Member Check-In
    • Site News & Updates
    • Forum Feedback
    • Newsletters
  • Social Central
    • The Lounge
    • Motorcycles
    • Member Design Showcase
    • Member's Rides Showcase
    • Member Marketplace
    • Auctions and Classifieds
    • Merchandise Lookout
    • Sponsor Forum
    • Electronics & Technology
    • Rated R
  • Tech Corner
    • Tech Section
    • Product Questions and Reviews
    • Project Car Chronicles
    • Recalls and TSBs
    • Alternative Fuels & Propulsion
    • Powertrain
  • Design Studio
  • Cadillac Appreciation Club's Cadillac Discussion
  • European Car Lovers's Topics

Categories

  • Auto Shows
    • Detroit Auto Show
    • Consumer Electronics Show (CES)
    • Chicago Auto Show
    • New York Auto Show
    • Geneva Auto Show
    • Beijing Auto Show
    • Shanghai Auto Show
    • Paris Motor Show
    • Frankfurt International Motor Show
    • Los Angeles Auto Show
    • SEMA
    • Tokyo Motor Show
  • Opinion
  • News
    • Acura
    • Alfa Romeo
    • Alternative Fuels
    • Aston Martin
    • Audi
    • Automotive Industry
    • Bentley
    • BMW
    • Buick
    • Cadillac
    • Chevrolet
    • Chrysler
    • Dodge
    • Ducati
    • Ferrari
    • Fiat
    • Ford
    • Genesis
    • GM News
    • GMC
    • Holden
    • Honda
    • Hyundai
    • Infiniti
    • Jaguar
    • Jeep
    • Karma
    • Kia
    • Lamborghini
    • Land Rover
    • Lexus
    • Lincoln
    • Maserati
    • Mazda
    • McLaren
    • Mercedes Benz
    • MINI
    • Mitsubishi
    • Nissan
    • Opel/Vauxhall
    • Porsche
    • Ram Trucks
    • Rolls-Royce
    • Saab / NEVS
    • Sales Figures
    • Scion
    • SMART
    • Subaru
    • Tesla
    • Toyota
    • Volkswagen
    • Volvo
  • Reviews
  • Deal Alert

Categories

  • Tires and Wheel Specials
  • Automotive Maintenance Specials

Blogs

There are no results to display.

There are no results to display.


Find results in...

Find results that contain...


Date Created

  • Start

    End


Last Updated

  • Start

    End


Filter by number of...

Joined

  • Start

    End


Group


Website URL


GooglePlus


Skype


Location


Interests

Found 803 results

  1. Back at the New York Auto Show, Cadillac unveiled an all-new twin-turbo 4.2L V8 that produces 550 horsepower and 627 pound-feet of torque. This engine was destined for upcoming CT6 V-Sport. But with the CT6 lineup destined to go away in the near future, what will happen to the new V8. Roadshow has learned from a source that Cadillac will be using this engine in the next-generation Escalade and CTS-V (don't you mean CT5-V?!). Let's begin with the next-generation Escalade. The current model uses a 6.2L V8 engine that makes 420 horsepower and 460 pound-feet of torque. We know that Cadillac was planning to offer a slightly detuned version of the 4.2L V8 on the regular CT6, producing somewhere in the range of 500 horsepower. Whether Cadillac decides to go with this or push power down a bit further remains to be seen. Now to the CTS-V, or CT5-V. This is where we begin to question the source. We know that Cadillac will be retiring the CTS and ATS in the next couple of years for the upcoming CT5. Why the source said, "next-generation CTS-V sedan" has us scratching our heads. Maybe the source misspoke or GM is thinking about continuing forward the CTS-V nameplate. We're likely putting too much thought into this. Nevertheless, we would expect Cadillac to bump up horsepower to 600 or so to keep up with the likes of the Germans. Source: Roadshow View full article
  2. There was a number of people who were disappointed at the news that Ford wouldn't be bringing over the Ranger Raptor to the U.S. When you take into consideration that the current-generation model has been sold around the world since 2011, Ford decided it was too late in the lifecycle of the model to design a Raptor variant to meet various regulations. But there is the chance of the next-generation Ranger Raptor coming to the U.S. Road & Track has done some sleuthing into social media profiles for various Ford engineers and has uncovered some interesting information. The current Ranger has an internal project code of P375 and is expected to stick around for a few more years. The next-generation model, due in 2022, uses the code of P703. It is expected that the next-generation Ranger will be sharing a number of parts with the Bronco. How does the Raptor fit into this picture? In a recently posted project description, it mentions a chassis engineer has been working on a Ranger Raptor with the P703 code being built with North America in mind. The engineer has also worked on the current version of the Ranger (known as P375N) and the Ranger Raptor. Doing some more digging and speaking to some sources at Ford, the new Ranger Raptor is likely to be called “Project Redback” internally. Project Redback was the project name for the current Ranger Raptor. Road & Track doesn't have any information the powertrain, but speculates that North America would likely get a gas engine. Other markets get a diesel engine for the Raptor. Source: Road & Track View full article
  3. Ford and Volkswagen have spent a fair amount of 2018 talking about a possible alliance. We know that publically, the two have signed a "Memorandum of Understanding" focusing on commercial vehicles. But numerous rumors have been flying about saying this alliance could go further, such as autonomous technologies and electric vehicles. Nothing has been made official, that could be changing next week. Reuters has learned from two sources that Ford and Volkswagen will be making the alliance official next Tuesday during the Detroit Auto Show. It is unclear what the announcement will entail, possibly talking about commercial vehicles or more. The overall goal of the alliance is to reduce costs and streamline operations. Bloomberg is reporting that Volkswagen is expecting to hold a board meeting tomorrow to possibly green-light the alliance. Their sources say the talks between the automakers are progressing. Automotive News adds more fuel to the fire as they note there is a “pending industry announcement” taking place at the main stage at 8:30 a.m. Organizers of the show declined to comment on what the announcement will be or which company requested it. Both Ford and Volkswagen declined to comment. Source: Automotive News (Subscription Required), Bloomberg , Reuters View full article
  4. There was a number of people who were disappointed at the news that Ford wouldn't be bringing over the Ranger Raptor to the U.S. When you take into consideration that the current-generation model has been sold around the world since 2011, Ford decided it was too late in the lifecycle of the model to design a Raptor variant to meet various regulations. But there is the chance of the next-generation Ranger Raptor coming to the U.S. Road & Track has done some sleuthing into social media profiles for various Ford engineers and has uncovered some interesting information. The current Ranger has an internal project code of P375 and is expected to stick around for a few more years. The next-generation model, due in 2022, uses the code of P703. It is expected that the next-generation Ranger will be sharing a number of parts with the Bronco. How does the Raptor fit into this picture? In a recently posted project description, it mentions a chassis engineer has been working on a Ranger Raptor with the P703 code being built with North America in mind. The engineer has also worked on the current version of the Ranger (known as P375N) and the Ranger Raptor. Doing some more digging and speaking to some sources at Ford, the new Ranger Raptor is likely to be called “Project Redback” internally. Project Redback was the project name for the current Ranger Raptor. Road & Track doesn't have any information the powertrain, but speculates that North America would likely get a gas engine. Other markets get a diesel engine for the Raptor. Source: Road & Track
  5. Ford and Volkswagen have spent a fair amount of 2018 talking about a possible alliance. We know that publically, the two have signed a "Memorandum of Understanding" focusing on commercial vehicles. But numerous rumors have been flying about saying this alliance could go further, such as autonomous technologies and electric vehicles. Nothing has been made official, that could be changing next week. Reuters has learned from two sources that Ford and Volkswagen will be making the alliance official next Tuesday during the Detroit Auto Show. It is unclear what the announcement will entail, possibly talking about commercial vehicles or more. The overall goal of the alliance is to reduce costs and streamline operations. Bloomberg is reporting that Volkswagen is expecting to hold a board meeting tomorrow to possibly green-light the alliance. Their sources say the talks between the automakers are progressing. Automotive News adds more fuel to the fire as they note there is a “pending industry announcement” taking place at the main stage at 8:30 a.m. Organizers of the show declined to comment on what the announcement will be or which company requested it. Both Ford and Volkswagen declined to comment. Source: Automotive News (Subscription Required), Bloomberg , Reuters
  6. While the Jeep Gladiator hasn't arrived at dealers yet (due in the second quarter), there is already talk about what could be in store. The Jeep Gladiator Forum has learned from a source that the brand is considering building a high-performance variant known as "Hercules". According to the source, the vehicle "is currently being evaluated for market viability" and has not been given the green light. There are some prototypes being built but only as "one-offs for testing purposes." Jeep has hinted at doing a high-performance off-road model. Mark Allen, head of Jeep design recently mentioned a high-speed off-road vehicle is on the agenda for Jeep’s expansion on an episode of Autoline After Hours (video below). It doesn't mean that the Gladiator is the vehicle in question, however. If we were to hazard a guess as to what a high-performance Gladiator may look like, we would guess that a V8 engine would be under the hood, possibly the 6.4L HEMI V8. A number of parts from the Rubicon model such as differential locks and anti-roll bar disconnects could appear. Source: Jeep Gladiator Forum View full article
  7. While the Jeep Gladiator hasn't arrived at dealers yet (due in the second quarter), there is already talk about what could be in store. The Jeep Gladiator Forum has learned from a source that the brand is considering building a high-performance variant known as "Hercules". According to the source, the vehicle "is currently being evaluated for market viability" and has not been given the green light. There are some prototypes being built but only as "one-offs for testing purposes." Jeep has hinted at doing a high-performance off-road model. Mark Allen, head of Jeep design recently mentioned a high-speed off-road vehicle is on the agenda for Jeep’s expansion on an episode of Autoline After Hours (video below). It doesn't mean that the Gladiator is the vehicle in question, however. If we were to hazard a guess as to what a high-performance Gladiator may look like, we would guess that a V8 engine would be under the hood, possibly the 6.4L HEMI V8. A number of parts from the Rubicon model such as differential locks and anti-roll bar disconnects could appear. Source: Jeep Gladiator Forum
  8. The next-generation Mercedes-Benz S-Class is expected to arrive very soon, with sales beginning sometime next year for Europe. But we don't know much about it, until now. Autocar recently published a report proving some interesting details about the next S-Class. The big news is that Mercedes will only be offering electrified powertrains for the S, including mild (using an electric motor mounted in the gearbox) and plug-in versions. Engines are said to be variants of Mercedes' new inline-six in gas and diesel flavors, and the AMG-developed 4.0L V8. For the design, recent spy photos reveal that Mercedes will be implementing a new grille, tri-band LED multibeam headlights, and door handles that retract into the bodywork to improve overall aero. One change that may surprise buyers in Europe is Mercedes' decision to drop the standard wheelbase model and only offer the long-wheelbase variant. According to Autocar, the reason is due to the new E-Class coming close in size to the standard-wheelbase S-Class (193.7-inches for the E-Class vs. 201.7-inches for the S-Class). Source: Autocar View full article
  9. We've known for some time that both Tesla and General Motors would soon be reaching the 200,000 sales mark for electrics, meaning that $7,500 tax credit would begin phasing out. Yesterday, we reported Tesla cut prices on their 2019 model year vehicles to soften the blow. But what about GM? A source told Reuters that GM hit the 200,000 model milestone during the fourth quarter of last year - most likely happening in December. This begins the 15-month phase-out which will see the credit drop to $3,750 in April, $1,875 in October, and then disappear next April. GM declined to comment about this, but we're likely to find out later this morning as the company will be announcing fourth-quarter sales. Source: Reuters View full article
  10. The next-generation Mercedes-Benz S-Class is expected to arrive very soon, with sales beginning sometime next year for Europe. But we don't know much about it, until now. Autocar recently published a report proving some interesting details about the next S-Class. The big news is that Mercedes will only be offering electrified powertrains for the S, including mild (using an electric motor mounted in the gearbox) and plug-in versions. Engines are said to be variants of Mercedes' new inline-six in gas and diesel flavors, and the AMG-developed 4.0L V8. For the design, recent spy photos reveal that Mercedes will be implementing a new grille, tri-band LED multibeam headlights, and door handles that retract into the bodywork to improve overall aero. One change that may surprise buyers in Europe is Mercedes' decision to drop the standard wheelbase model and only offer the long-wheelbase variant. According to Autocar, the reason is due to the new E-Class coming close in size to the standard-wheelbase S-Class (193.7-inches for the E-Class vs. 201.7-inches for the S-Class). Source: Autocar
  11. We've known for some time that both Tesla and General Motors would soon be reaching the 200,000 sales mark for electrics, meaning that $7,500 tax credit would begin phasing out. Yesterday, we reported Tesla cut prices on their 2019 model year vehicles to soften the blow. But what about GM? A source told Reuters that GM hit the 200,000 model milestone during the fourth quarter of last year - most likely happening in December. This begins the 15-month phase-out which will see the credit drop to $3,750 in April, $1,875 in October, and then disappear next April. GM declined to comment about this, but we're likely to find out later this morning as the company will be announcing fourth-quarter sales. Source: Reuters
  12. Off-Road.com has obtained a product timeline that reveals Ford's launches for the upcoming year and the big news is that a new F-150 appears to be around the corner. The timeline reveals that the next-generation Ford Explorer will be launched first, most likely at Detroit. We have reported that the new model would be using a new modular rear-wheel drive platform. Next up is the new F-150. We don't know what Ford has in store aside from a hybrid powertrain. But considering both General Motors and Ram introducing redesigned trucks this year, we're expecting Ford to fight back hard. Last, but not least is the Bronco. Off-Road speculates this model will appear in 2020 as a 2021 model year vehicle. Source: Off-Road.com View full article
  13. Back in October, the rumorpile brought to light plans at Fiat Chrysler Automobiles for a new straight-six engine to replace the Pentastar V6. This engine would be based on the new four-cylinder Global Medium Engine (GME) currently used in the Alfa Romeo Giulia and Jeep Wrangler. Max displacement is expected to be around 2.9L due to European taxes. We have some new details on this engine. Allpar is reporting this engine is likely not going to be based on GME due to size concerns. Instead, it will be a new design that will be featuring small bores that are closely spaced, and aluminum hardening instead of steel cylinder linings. The goal is to have the engine be three-inches longer than the 2.4L four-cylinder at most. The engine is also being designed with turbocharging, with plans to have it either match or exceed the output of the 5.7L HEMI V8. Its speculated that Jeep and Ram models would use a twin-scroll setup, while Alfa Romeo and Maserati models will use a twin-turbo setup. A set of Ferrari-designed heads are expected to appear on Alfa Romeo and Maserati models. Allpar speculates this engine could appear in the upcoming Wagoneer or the next-generation Grand Cherokee, putting a possible timeframe of 2020 or 2021. Source: Allpar View full article
  14. Off-Road.com has obtained a product timeline that reveals Ford's launches for the upcoming year and the big news is that a new F-150 appears to be around the corner. The timeline reveals that the next-generation Ford Explorer will be launched first, most likely at Detroit. We have reported that the new model would be using a new modular rear-wheel drive platform. Next up is the new F-150. We don't know what Ford has in store aside from a hybrid powertrain. But considering both General Motors and Ram introducing redesigned trucks this year, we're expecting Ford to fight back hard. Last, but not least is the Bronco. Off-Road speculates this model will appear in 2020 as a 2021 model year vehicle. Source: Off-Road.com
  15. This past year hasn't been good for Jaguar Land Rover. A triple whammy of sales dropping in China, demand for diesel vehicles falling, and the looming threat of Brexit has seen the company report a 90 million pound (about $113,550,300) loss in the third-quarter. S&P Global Ratings recently cut their long-term rating into JLR's parent company, Tata Motors into Junk Status. Because of this, Jaguar Land Rover will be detailing a three-year cost-cutting plan next month. Tata announced the plan back in October that would save 2.5 billion pounds (about $3.2 billion) within the first 18 months. There would be job cuts, but Tata did not say how many. The Financial Times reported this week that JLR is planning to cut 5,000 of its 40,000 workforce in the U.K.- this according to sources. “It’s do or die at the moment,” Robin Zhu, an analyst from Bernstein said. “JLR has been seriously mismanaged in recent years, with cost runaways, products disappointing in the market, and hedging issues costing it billions." “Jaguar Land Rover notes media speculation about the potential impact of its ongoing charge and accelerate transformation programmes. As announced when we published our second-quarter results, these programmes aim to deliver £2.5bn of cost, cash and profit improvements over the next two years. Jaguar Land Rover does not comment on rumours concerning any part of these plans,” JLR said in a statement to The Guardian. Other parts of the plan are said to include a reduction in models and selling off various assets. But Evercore ISI, an investment advisory frim said JLR needs to do more than cut costs. "The company needs to consider whether it’s spreading itself too wide and whether competing with the Germans in the tough premium sedan segment is a viable strategy," it wrote in a note to investors this week. Source: Financial Times (Subscription Required) via The Guardian, Automotive News (Subscription Required) View full article
  16. William Maley

    Rumorpile: More Details On FCA's Inline-Six

    Back in October, the rumorpile brought to light plans at Fiat Chrysler Automobiles for a new straight-six engine to replace the Pentastar V6. This engine would be based on the new four-cylinder Global Medium Engine (GME) currently used in the Alfa Romeo Giulia and Jeep Wrangler. Max displacement is expected to be around 2.9L due to European taxes. We have some new details on this engine. Allpar is reporting this engine is likely not going to be based on GME due to size concerns. Instead, it will be a new design that will be featuring small bores that are closely spaced, and aluminum hardening instead of steel cylinder linings. The goal is to have the engine be three-inches longer than the 2.4L four-cylinder at most. The engine is also being designed with turbocharging, with plans to have it either match or exceed the output of the 5.7L HEMI V8. Its speculated that Jeep and Ram models would use a twin-scroll setup, while Alfa Romeo and Maserati models will use a twin-turbo setup. A set of Ferrari-designed heads are expected to appear on Alfa Romeo and Maserati models. Allpar speculates this engine could appear in the upcoming Wagoneer or the next-generation Grand Cherokee, putting a possible timeframe of 2020 or 2021. Source: Allpar
  17. This past year hasn't been good for Jaguar Land Rover. A triple whammy of sales dropping in China, demand for diesel vehicles falling, and the looming threat of Brexit has seen the company report a 90 million pound (about $113,550,300) loss in the third-quarter. S&P Global Ratings recently cut their long-term rating into JLR's parent company, Tata Motors into Junk Status. Because of this, Jaguar Land Rover will be detailing a three-year cost-cutting plan next month. Tata announced the plan back in October that would save 2.5 billion pounds (about $3.2 billion) within the first 18 months. There would be job cuts, but Tata did not say how many. The Financial Times reported this week that JLR is planning to cut 5,000 of its 40,000 workforce in the U.K.- this according to sources. “It’s do or die at the moment,” Robin Zhu, an analyst from Bernstein said. “JLR has been seriously mismanaged in recent years, with cost runaways, products disappointing in the market, and hedging issues costing it billions." “Jaguar Land Rover notes media speculation about the potential impact of its ongoing charge and accelerate transformation programmes. As announced when we published our second-quarter results, these programmes aim to deliver £2.5bn of cost, cash and profit improvements over the next two years. Jaguar Land Rover does not comment on rumours concerning any part of these plans,” JLR said in a statement to The Guardian. Other parts of the plan are said to include a reduction in models and selling off various assets. But Evercore ISI, an investment advisory frim said JLR needs to do more than cut costs. "The company needs to consider whether it’s spreading itself too wide and whether competing with the Germans in the tough premium sedan segment is a viable strategy," it wrote in a note to investors this week. Source: Financial Times (Subscription Required) via The Guardian, Automotive News (Subscription Required)
  18. Earlier this week, we reported that Chevrolet wouldn't be showing anything at next month's Detroit Auto Show, deflating the dreams of many that the mid-engine Corvette would finally be revealed. We found ourselves wondering if something happened that caused Chevrolet to rethink their plans. GM Authority has learned from sources that a problem with the next-generation Corvette's electrical system has been found. The current system isn't able to carry the load necessary to support the necessary components in the vehicle. This will result in engineers making various changes to the system and suppliers to come up with new parts. This has reportedly pushed back the launch by six months. GM Authority does report that this delay shouldn't prevent Chevrolet from launching the mid-engine Corvette as a 2020 model-year vehicle. Source: GM Authority View full article
  19. Earlier this week, we reported that Chevrolet wouldn't be showing anything at next month's Detroit Auto Show, deflating the dreams of many that the mid-engine Corvette would finally be revealed. We found ourselves wondering if something happened that caused Chevrolet to rethink their plans. GM Authority has learned from sources that a problem with the next-generation Corvette's electrical system has been found. The current system isn't able to carry the load necessary to support the necessary components in the vehicle. This will result in engineers making various changes to the system and suppliers to come up with new parts. This has reportedly pushed back the launch by six months. GM Authority does report that this delay shouldn't prevent Chevrolet from launching the mid-engine Corvette as a 2020 model-year vehicle. Source: GM Authority
  20. Nissan has expanded its probe into former chairman Carlos Ghosn with the investigation into various European subsidiaries that may bring more criminal charges. Automotive News has learned from sources that the focus of the investigation will be around the Renault-Nissan BV based in the Netherlands. This was set up by the two automakers back in 2002 to be a strategic management company that oversees the alliance. But one source says that Nissan is planning to look into "as many as a dozen other Nissan-affiliated subsidiaries set up in the Netherlands," for possible financial misconduct. Japanese prosecutors are looking into some of the companies with the help of Nissan. (Emphasis mine.) This move may signal that the scandal may have reached outward of Japan and bring investigations right to Renault's doorstep. Automotive News also notes this could "further complicate" the delicate relations between the two. That neatly transitions us to a report from Reuters where a source reveals that Renault has told Nissan not to contact its directors ahead of a December 13th meeting of their board. The source says "such contact was outside the agreed channels for communication of the sensitive findings." As we reported back on Friday, Nissan offered Renault "a presentation that summarized the evidence" to help assuage some suspicious held by the French automaker. Renault declined, asking Nissan for the "presence of lawyers and the full report on the allegations." This reportedly came earlier this week as officials from Nissan met with Renault's legal team in France. The meeting tomorrow will see the members of the board discuss the findings of Nissan's investigation and debate the future of Carlos Ghosn. Spokespeople for Nissan and Renault declined to comment. Source: Automotive News (Subscription Required), Reuters View full article
  21. Nissan has expanded its probe into former chairman Carlos Ghosn with the investigation into various European subsidiaries that may bring more criminal charges. Automotive News has learned from sources that the focus of the investigation will be around the Renault-Nissan BV based in the Netherlands. This was set up by the two automakers back in 2002 to be a strategic management company that oversees the alliance. But one source says that Nissan is planning to look into "as many as a dozen other Nissan-affiliated subsidiaries set up in the Netherlands," for possible financial misconduct. Japanese prosecutors are looking into some of the companies with the help of Nissan. (Emphasis mine.) This move may signal that the scandal may have reached outward of Japan and bring investigations right to Renault's doorstep. Automotive News also notes this could "further complicate" the delicate relations between the two. That neatly transitions us to a report from Reuters where a source reveals that Renault has told Nissan not to contact its directors ahead of a December 13th meeting of their board. The source says "such contact was outside the agreed channels for communication of the sensitive findings." As we reported back on Friday, Nissan offered Renault "a presentation that summarized the evidence" to help assuage some suspicious held by the French automaker. Renault declined, asking Nissan for the "presence of lawyers and the full report on the allegations." This reportedly came earlier this week as officials from Nissan met with Renault's legal team in France. The meeting tomorrow will see the members of the board discuss the findings of Nissan's investigation and debate the future of Carlos Ghosn. Spokespeople for Nissan and Renault declined to comment. Source: Automotive News (Subscription Required), Reuters
  22. The Chinese government is considering a proposal to reduce tariffs on U.S.-Built vehicles from the current 40 percent back down to the 15 percent before the trade war broke out between it and the U.S. Sources tell Bloomberg a proposal has been submitted to the cabinet to be reviewed in the coming days. This proposal stems from a trade summit in Buenos Aires where U.S. President Donald Trump and Chinese President Xi Jinping agreed to a 90-day truce on the trade war earlier this month. After the meeting, Trump tweeted out that "China agreed to “reduce and remove” tariffs on imported American-made cars, something China did not confirm at the time." Shares of various automakers including Diamler, Ford, and Tesla rose on the news. The trade war between the U.S. and China has taken a toll on automakers. Both BMW and Dimaler have warned of lower profits as tariffs have forced them to raise prices in China. Others such as Volvo and Ford have made changes to production and vehicle plans. China's Finance Ministry didn't respond to Bloomberg's request for a comment. Source: Bloomberg View full article
  23. The Chinese government is considering a proposal to reduce tariffs on U.S.-Built vehicles from the current 40 percent back down to the 15 percent before the trade war broke out between it and the U.S. Sources tell Bloomberg a proposal has been submitted to the cabinet to be reviewed in the coming days. This proposal stems from a trade summit in Buenos Aires where U.S. President Donald Trump and Chinese President Xi Jinping agreed to a 90-day truce on the trade war earlier this month. After the meeting, Trump tweeted out that "China agreed to “reduce and remove” tariffs on imported American-made cars, something China did not confirm at the time." Shares of various automakers including Diamler, Ford, and Tesla rose on the news. The trade war between the U.S. and China has taken a toll on automakers. Both BMW and Dimaler have warned of lower profits as tariffs have forced them to raise prices in China. Others such as Volvo and Ford have made changes to production and vehicle plans. China's Finance Ministry didn't respond to Bloomberg's request for a comment. Source: Bloomberg
  24. "Since the arrest former Nissan chairman Carlos Ghosn last month, various reports have come out revealing the strained relationship between Nissan and its alliance partner, Renault. It has also brought up questions as to whether or not Nissan decided to 'push' Ghosn out by using the misuse of corporate assets as the reason. A new report from The Wall Street Journal is only stoking those fires. Sources tell the paper that Ghosn was planning to "shake up the senior management ranks at Nissan" and told some executives that he was planning on replacing current Nissan CEO Hiroto Saikawa - his hand-picked successor. While Ghosn supported Saikawa in public, the two would clash over various problems the company was facing. This included, Problems with inspections done on JDM vehicles, prompting recalls of more than a million vehicles Declining sales in the U.S. According to one source, Ghosn wanted to oust Saikawa and planned to put it to a vote at a board meeting in November. But that would not happen as Ghosn would be arrested in early on in the month. The board would oust Ghosn at a meeting later on in the month. Some believed that Saikawa wasn't in danger. A source familiar with the relationship between the two said "their differences hadn’t reached a point where Mr. Ghosn would have contemplated removing Mr. Saikawa." Still, Saikawa's reputation is taking quite the hit. The Nikkei has learned that Saikawa had signed various documents that "spelled out payments to Ghosn after his retirement as a consultant and for agreeing not to work for or join the board of any competitor." These documents are being used as evidence to show that Ghosn deferring payments of current salaries that were not reported. While prosecutors don't believe Saikawa knew about this, his position as CEO may be questioned "for missing the opportunity to catch the improprieties." Source: The Wall Street Journal (Subscription Required), Nikkei Asian Review (Subscription Required) View full article
  25. "Since the arrest former Nissan chairman Carlos Ghosn last month, various reports have come out revealing the strained relationship between Nissan and its alliance partner, Renault. It has also brought up questions as to whether or not Nissan decided to 'push' Ghosn out by using the misuse of corporate assets as the reason. A new report from The Wall Street Journal is only stoking those fires. Sources tell the paper that Ghosn was planning to "shake up the senior management ranks at Nissan" and told some executives that he was planning on replacing current Nissan CEO Hiroto Saikawa - his hand-picked successor. While Ghosn supported Saikawa in public, the two would clash over various problems the company was facing. This included, Problems with inspections done on JDM vehicles, prompting recalls of more than a million vehicles Declining sales in the U.S. According to one source, Ghosn wanted to oust Saikawa and planned to put it to a vote at a board meeting in November. But that would not happen as Ghosn would be arrested in early on in the month. The board would oust Ghosn at a meeting later on in the month. Some believed that Saikawa wasn't in danger. A source familiar with the relationship between the two said "their differences hadn’t reached a point where Mr. Ghosn would have contemplated removing Mr. Saikawa." Still, Saikawa's reputation is taking quite the hit. The Nikkei has learned that Saikawa had signed various documents that "spelled out payments to Ghosn after his retirement as a consultant and for agreeing not to work for or join the board of any competitor." These documents are being used as evidence to show that Ghosn deferring payments of current salaries that were not reported. While prosecutors don't believe Saikawa knew about this, his position as CEO may be questioned "for missing the opportunity to catch the improprieties." Source: The Wall Street Journal (Subscription Required), Nikkei Asian Review (Subscription Required)

About us

CheersandGears.com - Founded 2001

We ♥ Cars

Get in touch

Follow us

Recent tweets

facebook

×