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Posts Tagged ‘automotive news’

Hyundai Next to Roll Out US Investment Plan — $3.1B

Follows GM's $1 billion announcement earlier, and also notes plan isn't Trump influenced.

by on Jan.17, 2017

Hyundai expects to invest in its plant in Montgomery, Alabama, as part of a $3.1 billion, five-year plan.

Announcing investment plans for the United States appears to be the latest trend by automakers with Hyundai Motor Group being the latest announcing plans for $3.1 billion, including a new plant, to be spent in the U.S. during the next five years.

The South Korean company’s move, which represents a 50% increase in the money it drives into the U.S., comes just hours after General Motors outlined $1 billion in new investment in the U.S. expecting to develop as many as 2,000 new jobs.

Global Auto News!

President-elect Donald Trump has been using Twitter to put automakers – and other countries – on notice that if they don’t start building more vehicles in the U.S., he plans to slap their imported vehicles with a 35% tariff. (more…)

Familiar Names Top Magazine’s Annual Best Brands List

U.S. News & World Report unveils top 2017 brand winners.

by on Nov.15, 2016

U.S. News & World Report named Mazda the best car brand for 2017 in its annual awards.

The winter sale season is readying to kick off and trying to determine what kind of vehicle you should buy and, perhaps, most importantly, what brand has just become a little easier.

U.S. News & World Report released its annual “Best Vehicle” brands awards and the result show, well, not much has changed from last year. This year’s winners are Honda, Mazda, Ford and Porsche.

Product News!

The annual awards recognize brands with top-performing vehicles in four major categories: SUVs – including Crossovers and Minivans – Cars, Trucks and Luxury. (more…)

October US Auto Sales Hit the Skids

Ford delays sales report due to fire at headquarters.

by on Nov.01, 2016

Jeep sales had been reliably strong for FCA during the past few years; however, they fell 7% in October.

The tempo of new vehicle sales slowed during October as every major automaker reported a drop during October.

Ford Motor Co., which also was expected to report a drop in sales, delayed the release of its October sales due to a fire in an electrical substation in the company’s headquarters in Dearborn, Michigan. The fire, which happened yesterday, caused the evacuation and closure of the building.

Sales News!

The big surprise was a 10% drop in sales by FCA, which had posted a long string of sales increases, stretching back more than five years until it had to re-state its sales figures this summer under pressure from lawsuits by dealers and Securities and Exchange Commission. (more…)

Alfa Romeo Stelvio, Honda Civic Si Among Major Debuts Coming to L.A.

Over 50 global and North American intros on the docket.

by on Oct.14, 2016

The new Land Rover Discovery debuted in Paris, and it will make it's North American debut at the Los Angeles Auto Show.

This year’s Los Angeles International Auto Show could be Tinseltown’s biggest in years, with more than 50 new vehicle debuts on the docket next month.

Some of those models, like the Land Rover Discovery, will be appearing for the first time in North America, after making earlier appearances abroad. But there’ll be a significant number of all-new models, organizers promise, including Alfa Romeo’s first-ever SUV and the new Honda Civic Si.

The Last Word!

In line with California’s focus on clean energy and cutting-edge technologies, the 2016 LAIAS also will launch the new AutoMobility LA event. It’s an expanded version of the Connected Car Expo that has, in recent years, explored developments in areas such as car-sharing and autonomous driving. (more…)

Sign of the Times: New CR-V Set to Replace Civic, Accord as Honda’s Best Seller

Honda isn’t alone. Toyota’s RAV4 also on track to lead.

by on Oct.13, 2016

Honda officials expect the new CR-V to overtake its perennial best-selling vehicles, the Civic and Accord, in the near future.

They’ve long dominated the sales charts, but the Honda Civic and Accord models may soon get brushed aside – by another Honda model, it seems, as the Japanese automaker expects to see the fifth-generation remake of the CR-V crossover-utility vehicle become its top volume model.

That shouldn’t really be much of a surprise, however, considering current industry trends. Light trucks, in general, now account for about 60% of the U.S. new car market, and while pickup sales are flattening out, CUVs and more traditional sport-utility vehicles “are really hot,” said American Honda Motor Co.’s top U.S. executive, John Mendel.

Your Auto Insider!

Even as it comes to the end of its life, the outgoing, fourth-generation Honda CR-V is accounting for about a quarter of the brand’s total U.S. sales and is “now virtually on par with Civic and Accord,” and likely to build momentum with the launch of the new model for 2017. (more…)

Auto Dealers Cheer CFPB Ruling

Court rules agency's structure is unconstitutional.

by on Oct.13, 2016

NADA Chairman Jeff Carlson has critized the CPFB on a number of occasions.

A federal appeals court has ruled that, in its current form, a new agency expected to watch out for the financial interests of car buyers and other consumers fails a basic constitutional test.

The court ruled that the current structure of the Consumer Financial Protection Bureau is unconstitutional. The court’s ruling that the current structure of the Consumer Financial Protection Bureau is unconstitutional was immediately hailed by the National Independent Automobile Dealers Association.

Legal News!

Car dealers and auto lenders, including the “captive” finance companies operated by auto manufacturers, had been among the new CFPB’s initial targets. (more…)

Carmakers Face Tough Test as Market Flattens

Sales expected to fall just short of last year's record.

by on Oct.13, 2016

Honda's John Mendel says there is a chance that automakers will beat last year's record sales.

Manufacturers are eager to roll out new models this fall and even adding more capacity in an effort to gain an edge over rivals.

But they are also facing a highly competitive market where manufacturers are being tempted to raise incentives to protect market share, noted Stephanie Brinley, an analyst with IHS Automotive.

Sales News!

“The market is going to get more competitive and we will see if (companies) fall back into their old practices,” she added. “The easy growth is gone.” (more…)

Buy a Bentley and the Gas Station Can Come to You

Luxury ownership rises to a new level.

by on Oct.10, 2016

Bentley owners near San Francisco are part of a new pilot program that essentially brings the gas station to their car.

When you buy a car like a Bentley you expect your motoring life to somehow be, well, different. But how different is it when you’re standing in the rain filling up your gas tank, your new Bentley Arnage sitting alongside a rusted-out Chevy?

In an era when even econocars now offer upscale features like wood and leather trim, upscale manufacturers are looking for ways to differentiate their products. They talk about the luxury “experience,” and offer features like valet pickup-and-delivery when it comes time for service. But Bentley is taking the valet service experience to another level.


As part of a trial project in parts of California, Bentley owners won’t have to suffer the indignity of pumping their own petrol. Using a smartphone app, they’ll be able to schedule a fill-up at a convenient time and place. The pump, it seems, will come to them. (more…)

Dealers Keep New Car Prices Down, NADA Chair Says

Carlson says regulations, recalls add $600 to vehicle prices.

by on Oct.06, 2016

NADA Chairman Jeff Carlson told the Automotive Press Association in Detroit that federal regulation amounts to a $600 tax on a new car.

Federal regulation of everything from financing and fuel-economy to the handling of recalls amount to the equivalent of a tax on consumers, Jeff Carlson, chairman of the National Automobile Dealers Association, said during an appearance in Detroit.

Carlson is president of Glenwood Springs Ford and Glenwood Springs Subaru in Glenwood Springs, Colorado, and Summit Ford in Silverthorne, Colorado, said rules set down by the federal Consumer Financing Protection Bureau, one of the NADA’s top target, added up to $600 to the price of a new vehicle.

Auto News!

“Washington doesn’t always understand the unintended consequences of their actions,” Carlson said during a meeting of the Automotive Press Association in Detroit. (more…)

GM Expects Improved Second-Half Earnings

Company's positive news runs counter to that of Ford.

by on Sep.22, 2016

GM Chairman and CEO Mary Barra appears to be on track for another solid year as the company re-affirmed its financial guidance for the 2016.

General Motors Co. re-affirmed its earlier forecast, calling for the company to make up to $6 per share and said it expects to exceed its cost-savings target of $5.5 billion, which will be more than enough to offset increased spending on new technology and ride-sharing.

The optimistic outlook was in sharp contrast from its crosstown rival Ford Motor Co., which reduced its profit forecast for the second half. Ford expects slower sales as well as higher costs for incentives and the launch of new vehicles and other initiatives.

Financial News!

GM also released a new report aimed providing additional insights about the company for the investment community. (more…)