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First Drive: 2018 Chevrolet Colorado Redline

Flexibility, looks, power all in one midsize truck package.

by on Apr.20, 2018

The Chevrolet Colorado Redline is one of several variants to the brand's highly successful midsize truck.

While pickup trucks share some of generic similarities, the stylistic differences are always critical and one of the trend setters since it first appeared has been the Chevrolet Colorado.

The Colorado seems to be a perfect size for working in urban spaces since it’s relatively easy to maneuver into urban or suburban parking spaces. It also has a spacious interior and looks handsome either sitting at the curb or out in traffic.

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Chevrolet has also smoothed out the ride by beefing up the suspension and improved the steering and brakes on the truck so it’s easier and more enjoyable to drive even if you are traveling a good distance. (more…)

GM Adds eBay CEO to Board of Directors

Company updates $16.5 billion line of credit.

by on Apr.20, 2018

Devin Wenig, eBay CEO, has been recommended to joined the General Motors Board of Directors.

General Motors has reached out to Silicon Valley to obtain a new recruit for the company’s board of directors while also adding to its lines of credit.

The election of eBay CEO Devin Wenig to the board’s slate of nominees will bring GM’s Board of Directors to 11 members, 10 of whom are non-employee directors. Wenig will stand for election at GM’s Annual Meeting of Shareholders on June 12, 2018.

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“Devin brings significant expertise in technology, global operations and strategic planning to our board,” said GM Chairman and CEO Mary Barra.  (more…)

Mercedes-Benz Kicks Off Production of A-Class

New compact car to built in Hungary as well as Germany.

by on Apr.20, 2018

Dieter Zetsche introduces the new Mercedes-Benz A-Class wagon and sedan in Amsterdam.

During the last few years, Mercedes-Benz has followed a dual strategy, promoting its high-end luxury cars while expanding into the compact segments as it overtakes key rivals such as BMW and Audi.

Mercedes is now building the new A-Class at the Mercedes-Benz plant in Rastatt, some 60 miles from the headquarters of its parent company, Daimler AG, in Stuttgart, Germany. The A-Class is also scheduled to roll off the assembly line at the Mercedes-Benz plant Kecskemét, Hungary, in just a few weeks.

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“Mercedes-Benz Cars starts an unprecedented ramp-up cascade with the A-Class. In our global production network, we can ramp-up the production of our vehicles in proven top quality and supply the global market even faster. Using modern industry 4.0 technologies our plants are becoming even more flexible and efficient,” said Markus Schäfer, member of the Divisional Board of Mercedes-Benz Cars, Production & Supply Chain. (more…)

Cargo Expanding Opportunities for Ridesharing Drivers

Company offering new services to users.

by on Apr.19, 2018

Cargo is offering Uber and other ridesharing drivers a way to expand the services they offer and get more cash.

Carsharing is expected to re-shape the automotive business, but it is also creating business opportunities that go beyond the rides offered by companies such as Uber and Lyft.

Cargo, self-described as an “in-car commerce” platform for the rideshare economy, has partnered with The Coca-Cola Company to offer beverages to thousands of rideshare cars across the U.S. that are equipped with Cargo apps and systems.

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“We’re very excited to enter this new distribution channel in rideshare with Cargo,” said John Carroll, vice president and general manager eCommerce for Coca-Cola.  (more…)

Toyota Continues to Count on Cars

Last year's Camry gets support from new Avalon, Corolla hatchback.

by on Apr.18, 2018

The 2019 Toyota Avalon is the latest sign that the future is bright for cars at Toyota.

Unlike some of its major rivals, Toyota isn’t ready to give up on the passenger car market. If anything they are getting new models ready that are expected to build on the company strong position in car side of the business, Toyota officials said this week as they showed off two new models during a press preview in Southern California this week.

“We’re still very, very bullish on the passenger cars,” said Ed Laukes, group vice president of marketing for the Toyota Division during the preview, which highlighted the 2019 Toyota Avalon and 2019 Toyota Corolla Hatchback. The Avalon goes on sales later this spring and the Corolla hatchback will appear later this year.

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Last week, General Motors announced it was takings its big passenger-car plant in Lordstown, Ohio, down to one shift at the end of June because of the falling demand for compact cars. (more…)

Gas Prices on the Rise as Temps Do the Same

Summer driving season a month away, but prices on the move.

by on Apr.18, 2018

Gas prices continue to rise as the summer driving season creeps ever closer.

Gasoline continues to get more expensive across the U.S. even though the beginning of the summer driving season is still more than a month away, according to the survey of prices at the pump by AAA.

With the price of gasoline averaging $2.71 per gallon, prices are at their highest point in nearly three years. On the week, the national average increased a nickel.

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“Expensive crude oil prices, unrest in the Middle East, strong domestic demand, record production rates and global oil supply surplus have created the perfect storm to drive spring gas prices toward new heights,” said Jeanette Casselano, AAA spokesperson.  (more…)

Ford Suffers, GM Coasts in March Sales in China

Volkswagen posts a sales increased in March.

by on Apr.17, 2018

Strong Malibu sales in March helped GM to a small sales gain of 2%.

Ford Motor Co. saw its sales in China, the world’s largest automotive market, drop by 11% during March, while General Motors eked out a 2% gain as its sales continue to grow.

GM, which will now report its China sales quarterly rather than monthly in the future, said its joint ventures in China delivered a March record of 352,346 vehicles. Buick and Cadillac enjoyed record deliveries in March, while Chevrolet grew 35% from a year earlier, GM said.

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Sales in the first three months of 2018 increased 8% on an annual basis to 986,052 units. (more…)

Geely’s Li Shufu Says Partnerships Key to Auto Success

Team up or get swallowed up.

by on Apr.17, 2018

Geely Chairman Li Khufu purchased 9.7% of Daimler AG for $9.2 billion.

Geely owner Li Shufu urged Daimler AG, in which he recently became one of the largest shareholders, to consider further strategic partnerships.

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Li Shufu, who is also the owner of Volvo, recently became a major shareholder of Daimler after acquiring a 9.69 % stake in the Stuttgart-based company. (more…)

EV Investment Booms in Last Two Years, Report Says

Europe leading the way in number of projects on the board.

by on Apr.16, 2018

The Vizzion Concept is set to become the fourth model in the new Volkswagen I.D.EV-based sub-brand.

Automakers have accelerated investment in electric vehicles, according to a new report from BMI, the London-based research arm of the investment rating firm, the Fitch Group.

The public relations crisis around diesel engines, the attractive image of pure EV brands and the growth of the demand for pure EVs in China and Europe have helped push the investment in electric vehicles, the report said.

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The figures compiled by BMI also show that electric vehicles account for a significant share of total investment within the auto industry.  (more…)

Trump Reversing Stance on Trans Pacific Partnership

President looks to assuage concerns of farmers, auto industry.

by on Apr.13, 2018

Presiden Trump is reversing course on the Trans Pacific Partnership, investigating the country's re-entry into the pact.

In a surprising about face, President Donald Trump is apparently considering reversing one of his first decisions on trade — scuttling the Trans Pacific Partnership.

Denouncing and walking away from TPP with a sharp dig at former President Barack Obama was one of Trump’s first pronouncements after his inauguration as President in January 2017. While support for TPP was mixed, with some companies supporting and others opposing it, it did include provisions that would have benefited the global auto industry.

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Trump’s decision on the TPP helped set the stage for the assault on NAFTA. (more…)