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Posts Tagged ‘joseph szczesny’

Waymo Casts Wide Net for Potential Users

Krafcik outlines company's plans.

by on Jan.10, 2017

Chrysler and Waymo have limited their partnership to 100 of the modified minivans.

Waymo plans to target multiple segments with self-driving technology once it is ready for the road, Waymo Chief Executive Officer John Krafcik said during a talk at the annual Automotive News World Congress.

“The first point to keep in mind is we’re not making a car,” Krafcik said. “We’re working on making a better driver, he said.

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Better and safer “drivers” are the key to reducing the staggering number of road fatalities, which are estimated at 1.5 million annually, according to the Organization of Economic Cooperation and Development. (more…)

GM Expecting Improved Earnings in 2017

Barra said improved efficiencies and sales will help meet revised target.

by on Jan.10, 2017

General Motors CEO Mary Barra announced Tuesday, Jan. 10, that the company expects its 2017 earnings per share to be higher than earlier predictions.

General Motors Co. today said it expects its 2017 earnings per share diluted-adjusted to increase to $6 to $6.50, up from its 2016 calendar-year outlook of $5.50 to $6.

In 2017, the company also expects to maintain or improve EBIT-adjusted and EBIT-adjusted margin on higher revenues, compared to 2016, and generate about $6 billion of automotive-adjusted free cash flow.

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Based on this strong outlook, the GM Board of Directors approved an additional $5 billion in common stock repurchases under its existing share repurchase program, which was announced March 9, 2015. The new authorization, which has no expiration date, brings the total under the program to $14 billion. (more…)

FCA’s Marchionne Races to Answer Product Questions

Grand Cherokee, Stelvio may share a platform.

by on Jan.10, 2017

Sergio Marchionne said a determination is underway to determine if the Stelvio and the Jeep Grand Cherokee will share a platform.

Fiat Chrysler Automobiles N.V. is spinning so many product plates these days that CEO Sergio Marchionne’s announcement that FCA will have new products to show at next year’s North American International Auto Show was almost as much of an attempt to convince folks as to make a joke.

Marchionne also said he want FCA to continue working with Waymo, Google’s automotive unit in the future. But he also expects to retire in 2019, following the completion of the five-year plan the company laid out back in 2013.

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FCA is also in the midst of a study that will determine whether or not the platform developed for Alfa Romeo’s new sport utility, the Stelvio, which was unveiled at the Los Angeles Auto Show in November, will serve as the same for the Jeep Grand Cherokee as well. (more…)

Trump Stealing the Detroit Auto Show

Despite exposure, auto execs claim Trump's tweets won't change business plans.

by on Jan.09, 2017

President-elect Donald Trump has been creating quite a buzz during this year's North American International Auto Show.

Forget new product and self-driving cars. The buzz around the North American International Auto Show revolved around President Donald J. Trump’s tweets and claims.

But the automakers were generally digging in their heels and saying they were moving forward with the plans already in the works.

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General Motors executives said they automaker planned to go ahead with plans to build the new GMC Terrain unveiled during the auto show in Mexico and Fiat Chrysler Automobiles N.V. chief executive Sergio Marchionne said the company was moving forward with plans to build the Jeep Compass in Mexico. (more…)

Mercedes-AMG Renews Need for Speed in Detroit

Expansion of GT family continues.

by on Jan.09, 2017

The 2018 Mercedes-AMG GT C coupe is the latest high-powered product from the German companies.

The luxury market, like the entire car business in the U.S. and China, is moving towards versatile utility vehicles, and the Mercedes-AMG line plans to stick with its emphasis on sporty performance as it celebrates its 50th anniversary celebration during 2017.

Mercedes-Benz’s performance brand is extending the AMG GT family with the new Mercedes-AMG GT C Coupe, which will join AMG GT S on the stage for the North American International Auto Show in Detroit.

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The AMG GT C Coupe is positioned squarely between the AMG GT S and AMG GT R, will initially be available exclusively as a special “Edition 50″ model. In addition, the Mercedes-AMG GT and AMG GT S are being visually and technically upgraded with more power. (more…)

FCA Touts 2,000 New US Jobs

Previously announced plans may avoid Trump tweets.

by on Jan.09, 2017

Fiat Chrysler CEO Sergio Marchionne's reorganization plan will add 2,000 new U.S. jobs the maker announced.

As part of Fiat Chrysler’s ongoing manufacturing reorganization in North America the company explained it will add 2,000 new jobs to the its ranks by 2020, the automaker announced yesterday, perhaps hoping to avoid being the next Twitter target of President-elect Donald Trump.

The automaker has been shifting its production in Michigan and Ohio to focus on trucks and SUVs, and is in the midst of a $1 billion plan to make that happen. The moves also include some movement of jobs from Mexico to Michigan, FCA officials noted.

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After Trump began calling out automakers on Twitter in recent weeks, many have been attempting to put their best foot forward, emphasizing manufacturing plans that have been shifting small car production to Mexico also net more jobs for the U.S. plants building the more profitable and popular trucks and utility vehicles. (more…)

GMC Uncovers New Terrain

New utility vehicle gets big makeover, new engines.

by on Jan.09, 2017

The 2018 GMC Terrain features all new exterior styling as well as a first-ever diesel option.

Like its Detroit neighbors, Ford Motor Co. and Fiat Chrysler, General Motors depends on sales of trucks and utility vehicles, making the debut of the 2018 GMC Terrain one of the more important events at this year’s Detroit Auto Show.

Next generation Terrain offers more refinement and versatility as well as advanced safety technologies and an optional diesel engine.

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The Terrain can be equipped with three all-new available turbocharged propulsion systems, including the aforementioned turbodiesel. (more…)

Ford Letting Buyers Put New Face on 2018 F-150

Pickup gets a new 3.0-liter turbodiesel option.

by on Jan.08, 2017

The 2018 Ford F-150 sees a slew of improvements and new options, including a new 3.0-liter diesel.

Ford is intensely proud of building America’s top selling truck for 40 consecutive years but insists it isn’t about to rest on its laurels.

So for the 2017 North American International Auto Show it is showing off some changes that it’s preparing to make to the company’s 2018 F-150 pickup truck, which has routinely outsold its competitors for the past four decades.

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Todd Eckert, marketing manager for the F-150, noted that Ford has a long-history of innovation with the Ford F-150 and the innovation continues with the unveiling of the 2018 truck. “It’s all about continuous improvement,” said Eckert despite the major changes introduced when the all-aluminum F-150 first appeared in 2015. (more…)

GM, Ford Set New Sales Records in China

Makers ride popularity of SUVs and luxury cars to new benchmark.

by on Jan.06, 2017

GM Executive Vice President and GM China President Matt Tsien said the automaker's 13 new or refreshed vehicles in China led to record sales this year.

Both General Motors and Ford Motor Co. reported record sales in China during 2016, thanks in part to the growing popularity of American-designed sport-utility vehicles and luxury cars.

Between them the two American giants sold more than 5 million vehicles, claiming more than 20% of the total Chinese market.

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GM and its joint ventures reported delivering a record 3,870,587 vehicles in China in 2016, which was an increase of 7.1% from the previous high in 2015. For all of 2016, Ford Motor Co. sales totaled a best-ever 1.27 million vehicles, 14% higher than 2015. (more…)

Trump Jabs Toyota in Mexico Tweet

President-elect uses same threat on Toyota as he did Ford, GM.

by on Jan.06, 2017

President-elect Donald Trump tagged Toyota in his latest tweet aimed at makers producing cars in Mexico.

President-elect Donald Trump has zeroed in on a new target on Twitter — Toyota.

Toyota announced back in 2015 that it was building a new factory in Baja, Mexico, to build Corollas for the North American market including the U.S. Trump, who has used Twitter of criticize Ford and General Motors for plant location decisions, has now turned his attention to Toyota, which an extensive manufacturing operation in the U.S.

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“Toyota Motor said will build a new plant in Baja, Mexico, to build Corolla cars for U.S. NO WAY! Build plant in U.S. or pay big border tax,” Trump wrote on Twitter Thursday afternoon. The post caused Toyota’s stock price to dip 1.7%. (more…)