Archive for the ‘Sales’ Category
Trump administration re-examining trade relationships.
by Joseph Szczesny on May.20, 2019
Toshimitsu Motegi, Japan's top economic negotiator, said the country would not accept quotas on how many vehicles it ships to the United States.
Japan’s top trade negotiator says he does not believe the U.S. will impose any kind of numerical quotas on the exports of Japanese made vehicles to the United States.
There is no need to be worried that the United States will impose a quota on Japanese automobile imports, economic revitalization minister Toshimitsu Motegi said Sunday.
Trade News!
“There is no worry judging from the U.S. announcement,” Motegi said on a television program in Japan. He noted that such a quota was not specified in the announcement. (more…)
Tags: Japan says no U.S. auto quotas, Japanese economic revitalization minister Toshimitsu Motegi, Motegi says no auto quotas with U.S., TheDetroitBureau.com., Trump administration Section 232 talks, Trump administration trade quotas, Trump news, auto news, joseph szczesny, thedetroitbureau
Posted in Asia Pacific, Automakers, Automobiles, Business, Markets, Personalities, Sales, Trade, U.S./North America | No Comments »
Move design to prevent import of Chinese steel into U.S.
by Michael Strong on May.17, 2019
The Trump administration agreed to lift the steel and aluminum tariffs on Mexico and Canada in order to keep out Chinese steel.
Seeking to secure Congressional approval of the U.S.-Mexico-Canada trade deal, or USMCA, U.S. negotiators secured tough new measures against Chinese steel by agreeing to lift tariffs on steel and aluminum from Mexico and China.
The deal avoids quotas on steel from the two countries, which Canada and Mexico had opposed, according to the Washington Post. The tariffs will end in 48 hours.
The Last Word!
“We came to an agreement that benefits both parties: the tariffs are lifted, without quotas on steel and aluminum,” according to a statement from the Mexican president’s office, adding that it reinstated a tariff-free commercial relationship for those products. (more…)
Tags: TheDetroitBureau.com., Trump ending Mexico Canada steel aluminum tariffs, Trump news, Trump tariffs, U.S. ends aluminum tariffs against Mexico and Canada, U.S. ends steel aluminum tariffs, U.S. ends steel tariffs against Mexico and Canada, USMCA negotiations, USMCA passage, auto news, michael strong, tariff news, thedetroitbureau
Posted in Automakers, Automobiles, Business, Coupes, Executives, Markets, Minivans, NAFTA, Personalities, Pickups, Politicians, SUVs, Sales, Sales, Sedans, Trade, U.S./North America | No Comments »
SOWO show cars highlight options for both performance and off-road fans.
by Paul A. Eisenstein on May.17, 2019
VW shows off its SOWO "enthusiast fleet."
Volkswagen has long had a history of rolling out some of its most creative niche products and concept cars at the annual Worthersee gathering in Austria. It has expanded that tradition by adding what it calls the SOWO event on Hutchinson Island in Savannah, Georgia.
Short for “Southern Worthersee,” the big gathering aims to entice VW fans this time around with seven concept vehicles featuring what it calls “sport performance add-ons and visual enhancements.”
News You Can Trust!
Considering the shift in global markets, and especially the U.S., from sedans, coupes and hatchbacks to SUVs, CUVs and other light trucks, it should surprise no one that this year’s crop of concepts includes versions of the latest Tiguan and Atlas crossover-utility vehicles. But Volkswagen traditionalists shouldn’t be disappointed, either, the automaker rolling out customized versions of the Golf, Jetta and new Arteon, as well. (more…)
Tags: Southern Worthersee, TheDetroitBureau.com., VW at SOWO, VW sport concepts, Volkswagen concept cars, Volkswagen sport vehicle concepts, Worthersee-style concepts, auto news, new VW concepts SOWO, paul a. eisenstein, thedetroitbureau, vw news
Posted in Automakers, Automobiles, Business, Concept Cars, Coupes, Crossovers/CUVs, Designers, Events, Executives, Markets, Personalities, SUVs, Sales, Sales, Sedans, Sports Cars, Technology, Trends, U.S./North America, Volkswagen | No Comments »
More technology and engine choices highlight new truck.
by Michael Strong on May.17, 2019
For 2020, the GMC Sierra gets a slew of new technology as well as a new engine offering.
The competition to produce the best-equipped pickup truck continued to get tighter today with GMC’s announcement that its “taking premium to the next level” for its 2020 Sierra 1500.
GMC’s full-size light-duty pickup can now get a slew of new options to take it up a notch, including expanded availability for its carbon fiber bed, 3.0-liter Duramax turbo-diesel and 10-speed automatic transmission, plus additional technology like Adaptive Cruise Control – Camera.
Product News!
While options are great, functionality is still king among truck users and GMC is looking to make a statement in that arena too. For 2020, the Sierra 1500 will be available with the upgraded ProGrade Trailering System introduced earlier this year on the 2020 Sierra HD. The updated system offers 15 camera views – the class leader – plus an in-vehicle Trailering App which has been enhanced to simplify the trailering process. (more…)
Tags: 2020 GMC Sierra 1500, GM truck news, GMC offering new Sierra 1500, GMC ready with new Sierra, GMC reveals 2020 Sierra 1500, TheDetroitBureau.com., auto news, gmc news, michael strong, new GMC Sierra, new GMC pickup, thedetroitbureau
Posted in Automakers, Automobiles, Business, Diesel, Executives, GM, GMC, Markets, Personalities, Pickups, Safety, Sales, Sales, Technology, Technology, Trends, U.S./North America | No Comments »
The “only way for Tesla to become financially sustainable.”
by Paul A. Eisenstein on May.17, 2019
Tesla's Elon Musk has ordered employees to rein in spending on virtually everything.
Tesla will need to engage in some “hardcore” cost-cutting, CEO Elon Musk told employees in an e-mail late Thursday, a move that comes in the wake of an unexpectedly severe first-quarter loss.
The automaker earlier this month was able to raise $2.7 billion through a combination of stock and debt offerings, but investors have become increasingly wary of the challenges that face the automaker – Tesla facing substantial debt repayments on top of the costs involved in the development of an array of new products and a new plant in China.
Breaking News!
The latest cash infusion, according to Musk, will only let it go for another 10 months without getting back into the black, he wrote, which “is why, going forward, all expenses of any kind anywhere in the world, including parts, salary, travel expenses, rent, literally every payment that leaves out bank account must (be) reviewed.”
(more…)
Tags: TheDetroitBureau.com., auto news, car news, elon musk, musk cost cutting, musk tesla, musk tesla cost-cutting, paul a. eisenstein, paul eisenstein, tesla cash, tesla loss, tesla news, tesla stock, tesla trouble
Posted in Automakers, Automobiles, Business, EVs, Earnings, Electrified Vehicles, Executives, Financials, Investors, Personalities, Sales, Sales, Technology, Tesla, Trends | No Comments »
Committee looking to expedite mining process for needed materials.
by Joseph Szczesny on May.17, 2019
Tesla's Gigafactory is basically a one-stop shop for EV production. A Senate committee is looking to make it easier for EV makers to get the materials needed in the U.S.
While the Trump administration – through the Environmental Protection Agency – continues to press for changes in fuel economy regulations that would to sideline efforts to put more EVs on the road across the United States, the U.S. Congress is getting nervous about China’s fast moving electric-car effort.
Both Republicans and Democrats in the U.S. Senate are voicing support for a national electric car supply chain policy in the United States Senate, according to a report from Reuters.
Technology News!
The Senate’s Energy and Natural Resources Committee recently held a hearing on the American Mineral Security Act. The legislation aims to make it easier and quicker for U.S. mines to meet regulations and gain permits for lithium, graphite and other minerals or precious materials needed for electric car production. It would also require a tally of metal reserves in the country. (more…)
Tags: American Mineral Security Act, EV material mining in U.S., Senate committee wants EV materials tracked, Senate committee wants to speed up EV material production, Senators hope to speed up EV production, TheDetroitBureau.com., auto news, ev news, joseph szczesny, thedetroitbureau
Posted in Automakers, Automobiles, Business, EVs, Environment, Markets, Personalities, Politicians, Regulatory, Sales, Trends, U.S./North America | No Comments »
Formal structure to delay expected soon.
by Michael Strong on May.16, 2019
President Donald Trump believes raising tariffs will bring U.S. manufacturing back to prominence, but has put off a decision on new national security-related levies.
President Donald Trump’s decision to delay any action on new auto tariffs related to national security gives automakers a chance to make some choices about how they’re going to deal with new tariffs if Trump elects to implement them down the road.
Trump has six months to decide whether or not to slap levies on vehicles and parts from other countries under Section 232, a national security law that gives the president broad powers to implement tariffs on goods from other countries that may affect America’s national security.
Global News!
He used it last year on steel and aluminum imports, much to the chagrin of automakers and other manufacturers. (more…)
Tags: Section 232 tariffs delayed, TheDetroitBureau.com., Trump administration halts new tariffs, Trump delays new tariffs, Trump news, Trump tariffs, Trump's six-month tariff delay, auto news, michael strong, tariff news, thedetroitbureau, trade news
Posted in Asia Pacific, Automakers, Automobiles, Business, China, Coupes, Crossovers/CUVs, Europe, Markets, Minivans, NAFTA, Personalities, Pickups, Politicians, SUVs, Sales, Sedans, South America, Trade, U.S./North America | 1 Comment »
Some manufacturers look at alternatives, like 5G.
by Paul A. Eisenstein on May.16, 2019
IHS Markit predicts the growth of V2X in the United States.
More than 11 million vehicles globally are expected to be equipped with connected-car technology, often known as V2X, by 2024, according to a new study by IHS Markit.
The technology is meant to allow vehicles to talk to one another, as well as an infrastructural network to share information like weather and traffic conditions and even when a stoplight is about to change. It can also alert a driver when another vehicle runs a red light, potentially saving lives.
Technology News!
But some proponents fear the rollout of V2X technology could be delayed, at the least, because of an ongoing debate over the precise method that these systems will use to communicate. The radio spectrum that had been set aside is being coveted by groups like Comcast and CBS which would like to use it for alternative purposes, such as expanded Internet and WiFi services. (more…)
Tags: IHS Market V2X forecast, IHS Market predicts V2X growth, IHS news, TheDetroitBureau.com., U.S. DOT pushes for holding V2X bandwidth, U.S. V2X growth, V2X technology, auto news, automakers conflicted on separate V2X band, paul a. eisenstein, thedetroitbureau
Posted in Advocates, Audi, Automakers, Automobiles, Business, Coupes, Crossovers/CUVs, Executives, Markets, Minivans, Personalities, Pickups, Politicians, Regulatory, SUVs, Sales, Sedans, Technology, U.S./North America, V2V | No Comments »
Plenty of room, technology make this ute tough competition.
by Joseph Szczesny on May.16, 2019
With room for five adults, the new 2019 Hyundai Santa Fe gives the automaker a viable competitor agains the Toyota RAV4 and Honda CR-V.
The 2019 Hyundai Santa Fe has lots of things going for it including a huge “likeability” factor.
After all, there is a lot to like about the vehicle. It’s handsome on the outside, spacious and comfortable on the inside, delivers and smooth and efficient ride and has ample power in segment where horsepower seems to have become a major consideration for manufacturers if not for consumers.
Reviews You Can Trust!
Hyundai, in my estimation, has actually solved one of the riddles of the contemporary car business by figuring out the placement of the center stack screen that carries information for the navigation system and entertainment system with a horizontal screen mounted just above the dashboard. (more…)
Tags: 2019 Hyundai Santa Fe Ultimate, Hyundai sport-ute, Hyundai's new ute, Hyundai's sport-utility vehicle, Santa Fe Ultimate, TheDetroitBureau.com., auto news, hyundai news, hyundai santa fe, hyundai santa fe review, joseph szczesny, new Hyundai SUV, thedetroitbureau
Posted in Asia Pacific, Automakers, Business, China, Europe, First Drive, Hyundai, Markets, NAFTA, Reviews, SUVs, Sales, Trends, U.S./North America | No Comments »
CEO Diess tells shareholders company outlook is "good."
by Joseph Szczesny on May.15, 2019
Volkswagen AG CEO Herbert Diess told shareholders that the company's outlook was "good."
Volkswagen AG easily beat back a challenge from dissident shareholders, revealed additional details of a broad switch to electric vehicles and the efforts to become carbon neutral by the middle of the century.
Shareholders also approved a restructuring plan that will make the company leaner and more responsive, Herbert Diess, CEO of VW AG, told shareholders.
Business News!
“In a nutshell: the outlook for the Volkswagen Group is good. Our core product – the automobile – remains a key economic and technological pacesetter. It continues to create innovation, growth and prosperity in many regions of the world. And it keeps society mobile,” Diess said. (more…)
Tags: TheDetroitBureau.com., VW CEO Herbert Diess, VW carbon dioxide emissions zero 2050, VW shareholders, VW zero carbon dioxide emissions, Volkswagen shareholder meetings, auto news, joseph szczesny, thedetroitbureau, vw news
Posted in Asia Pacific, Automakers, Business, China, Europe, Executives, Investors, Markets, NAFTA, Personalities, Sales, South America, U.S./North America, Volkswagen | No Comments »
