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Ford Pulls Out of Geneva Motor Show

Automaker joins Volvo in not attending show.

by on Jul.03, 2018

Ford has a history of making news at the Geneva Motor Show, like the introduction Focus RS.

The list of automakers pulling out of auto shows just got one name longer: Ford is skipping the 2019 Geneva Motor Show.

The Dearborn, Michigan-based automaker said the show’s timing didn’t fit its launch schedule and wouldn’t represent good value. It’s the second major automaker that has pulled out of the show, Volvo being the first.

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“It costs a sizeable amount of money,” a Ford of Europe spokesman told Automotive News Europe. “If you’re not going make a return on the investment in terms of media attention or people on the stand, why do it?” (more…)

Trade Tariffs Getting Global Pushback: Trump v. The World

Automakers leading charge against new tariffs.

by on Jul.02, 2018

GM CEO Mary Barra has attempted to provide counsel to President Donald Trump, even as his policies have negatively impacted automakers.

Everywhere President Donald Trump looks these days is another message saying, essentially, don’t do this.

“This” in this instance is an attempt to raise tariffs against multiple trade partners at the same time. Trump, who made trade a central piece of his election campaign, has managed to either increase tariffs or threaten to do so against Canada, Mexico, China, Japan and the European Union.

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Right now, Canada has already instituted retaliatory tariffs against the U.S. as has the EU for the tax on imported aluminum and steel. Trump responded by threatening to put tariffs on even more items, including a 20% on vehicles from the EU. (more…)

McLaren Reaches into Past for Newest Model: 600LT

New model is just fourth Longtail ever.

by on Jun.29, 2018

McLaren unveiled the new 600LT, only the fourth Longtail in company history.

McLaren continues to tickle the fancy of McLaren and super car fans alike, this time reaching back into its history a bit with the debut of the new 600LT.

The newest model is just the fourth car in the company’s history with the LT, or Longtail, moniker in its history following the McLaren F1 GTR ‘Longtail’ race car and McLaren 675LT Coupé and Spider

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The Longtail designation is designed for vehicles that are at home on the road as well as the racetrack featuring Increased power, reduced weight, optimized aerodynamics, absolute driver engagement, track-focused dynamics and limited availability, according to McLaren. (more…)

Car Dealers Tell Commerce Department That Tariffs are Taxes on Consumers

Department studying if imported autos risk national security.

by on Jun.29, 2018

AIADA's Cody Lusk chastised the Trump administration in a filing, saying a new tariff amounts to a new tax on the American people.

This country’s international auto dealers, who sell brands from Asia and Europe, fired a broadside shot against the Trump administration’s plans to impose a heavy tariff on cars imported into the U.S.

America’s auto dealers, domestic and international, stand to lose up to 2 million annual sales if the investigation rules against their products and the 25% tariff proposed by the Trump administration is put in place, the American International Auto Dealers Association said.

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The AIADA comments were filed with the Department of Commerce’s Section 232 investigation into whether or not imported autos and auto parts, used in every car sold in America, pose a national security threat to the United States. (more…)

Automakers Foreign and Domestic: Tariffs Harm Jobs, Economy

A 25% tariff could add nearly $6K to vehicle prices.

by on Jun.27, 2018

Commerce Secretary Wilbur Ross said the study determining if automotive imports could be declared a threat to national security.

(This story has been updated with additional information.)

The escalating tariff war between the United States and the European Union, heighted by a threat of a 20% tariff on EU-imported vehicles, could result in vehicle prices rising an average of $5,800 and eliminate hundreds of thousands of jobs.

Those are just some of the findings from study by the Peterson Institute for International Economics. The study claims that the cost to U.S. jobs from the import duties would be at least 195,000 jobs. It could be as high as 624,000 jobs if other countries retaliate.

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Last week, Trump threatened to impose the 20% tariff and yesterday he said tariffs are coming soon. (more…)

Friends to Enemies: Trump Threatens Harley Over Plan to Move Production

“They will be taxed like never before.”

by on Jun.27, 2018

President Donald Trump has gone from being supportive of Harley-Davidson to threatening the company with a "huge" tax.

After hailing Harley-Davidson earlier in his administration as an example of what makes American great, President Donald Trump has now gone on the attack, threatening to slam the Wisconsin-based motorcycle company with “a big tax” if they go ahead with plans to move some of their production abroad.

The turnaround comes in response to Harley’s Monday announcement that to avoid being caught up in the escalating Trump trade war it would have to move some of its motorcycle out of the U.S. The company said tariffs and counter-tariffs are adding as much as $2,200 to the price of every bike it ships to the European Union.

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The fact that his steel and aluminum tariffs might be playing a factor in the decision did not appear to matter to the president who issued a series of tweets blasting its planned move and threatening that, “If they move, watch, it will be the beginning of the end – they surrendered, they quit! The Aura will be gone and they will be taxed like never before!”

(more…)

Uber Gets Reprieve in London

Court gives ride-hailing service a 15-month pass.

by on Jun.27, 2018

Uber has been given a 15-month reprieve in London by a British court.

Uber has been granted a 15-month probationary license by a British court on Tuesday, which will allow it to continue operating in London.

The ride-hailing service argued successfully that Uber had made significant changes to its business and corporate culture after Transport for London, the city’s regulatory body for public transportation, declared Uber unfit to serve the city. The agency said Uber had failed to vet its drivers, who had been involved in a series of sexual assaults.

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Uber’s “approach and conduct demonstrate a lack of corporate responsibility in relation to a number of issues which have potential public safety and security implications,” Transport London said in its decision. (more…)

Tesla Semi Truck Could Go Full Mad Max on Other Drivers

Musk also reveals details on new pickup truck.

by on Jun.26, 2018

Are the engineers at Tesla looking for a post-apocalyptic setting for the company's new semi truck. Looking? Nope. They've got it.

If Tesla’s cars have a Ludicrous mode, then it would only make sense that the new semi-truck would have something equally ostentatious … like Mad Max mode.

While Ludicrous mode amps up the speed of the car, unfortunately Mad Max doesn’t give you any of the road-clearing gadgets enjoyed in the Mad Max movie. Instead, it appears to be a version of blind spot detection used in conjunction with Autopilot.

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Tesla CEO Elon Musk discussed the option, which is still in test mode, during a series of tweets yesterday, and carried over to today when he started asking the Twitterverse what they’d like to see in a Tesla pickup — and what he plans to put in it. (more…)

Ghosn Dismisses Speculation of a Renault Takeover of Alliance

Complex ownership structure, that includes French government, makes it difficult.

by on Jun.26, 2018

Renault-Nissan-Mitsubishi Alliance chief Carlos Ghosn recently reiterated there is "zero chance" of Renault taking over Nissan and Mitsubishi.

The question of what company in the three-legged stool that is Renault Nissan Mitsubishi might acquire the other two has been broached a few times since Mitsubishi was added. The issue is apparently important enough for Carlos Ghosn, who heads up the three companies, to address recently.

“Anybody who will ask Nissan and Mitsubishi to become wholly owned subsidiaries of Renault has zero chance of getting a result,” Ghosn told shareholders of Mitsubishi Motors at a meeting las week.

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Ghosn is CEO of Renault as well and chairman of Nissan. He recently turned over the role of CEO there to Hiroto Saikawa. The simple reason for encouraging the automakers to work together but remain autonomous is simple: You don’t fix what isn’t broken. (more…)

Daimler AG Lowers Earnings Guidance Due to Trade Tensions

Retaliatory measures in China and Europe has Daimler concerned.

by on Jun.26, 2018

Mercedes-Benz builds SUVs at its plant in Vance, Alabama, that are shipped to China. The tariffs on those are expected to rise, cutting sales.

The rising risk of a global trade war has prompted Daimler AG, the parent of Mercedes-Benz Cars, to reduce its earnings guidance for 2018.

Daimler said has “made a new assessment of the earnings” potential for the year 2018 and reduced its earnings guidance for the full year because of the uncertainty surrounding trade.

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“From today’s perspective, the decisive factor is that, at Mercedes-Benz Cars, fewer than expected SUV sales and higher than expected costs – not completely passed on to the customers – must be assumed because of increased import tariffs for U.S. vehicles into the Chinese market,” Daimler said in its new guidance.  (more…)