Archive for the ‘Buick’ Category
BMW, Mercedes, Ford, other makers could be hard hit, forced to cut American production.
by Paul A. Eisenstein on Aug.09, 2018
The BMW X5 is the #1-selling American-made vehicle in the Chinese market.
The auto industry has found itself at Ground Zero as the U.S. and China escalate their trade war.
After the latest move by the Trump Administration to target Chinese imports, the Beijing government has announced it will strike back with 25% tariffs on $16 billion in imported U.S. goods. China previously enacted new duties on $34 billion worth of goods, bringing the total to $50 billion. And with the White House threatening to add another $200 billion to the U.S. list, the trade war could escalate rapidly.
Breaking News!
The latest round sees the Chinese Ministry of Commerce placing an additional 25% duty on a list of American products that includes coal, crude oil and metal scrap, as well as automobiles and motorcycles. A number of automakers could be hit hard by the new sanctions, including Ford Motor Co., Mercedes-Benz and BMW.
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Tags: FCA, Trump trade war, auto duty, auto news, auto tariff, auto trade war, bmw news, bmw trade war, car news, cars auto trade, ford news, ford trade war, gm, mercedes, paul a. eisenstein, paul eisenstein, thedetroitbureau, trade war, us china trade war, volvo
Posted in Automakers, Automobiles, BMW, Buick, Business, Chevrolet, China, Earnings, FCA, Financials, Ford, GM, Markets, Mercedes, Personalities, Politicians, Sales, Tesla, Trade, U.S./North America, Volkswagen | No Comments »
If successful, it would eliminate a 25% price hike.
by Michael Strong on Aug.03, 2018
The Buick Envision is caught in the new tariff wars as its built in China and sold in the U.S.
The tariffs implemented by the Trump administration on China are having a negative impact on several American companies, specifically General Motors. However, the company is looking to find a way around them.
GM’s Buick Envision is built in China and, as such, is subject to hefty levy when entering the country, but the company is in talks with Trump’s trade representatives to get an exemption on the popular midsize sport-utility that accounts for nearly 20% of the brand’s U.S. sales.
The Last Word!
GM said in a statement that it filed the request on July 30 with the U.S. Trade Representative. An official notice was posted on Thursday on the regulations.gov website, which is tracking requests for exclusions from the so-called Section 301 tariff on certain imported goods from China, according to Reuters. (more…)
Tags: 2019 Buick Envision, Buick Envision tariff exclusion effort, China-built Buick Envision, GM lobbying Trump for tariff exclusion, GM pushes for tariff break on ute, GM wants tariff exclusion for Envision, TheDetroitBureau.com., Trump tariffs, auto news, buick news, gm news, michael strong, thedetroitbureau
Posted in Automakers, Buick, Business, China, Executives, GM, Markets, Personalities, Politicians, SUVs, Sales, Sales, Trade, U.S./North America | No Comments »
Rising incentives on pickups drain profits.
by Joseph Szczesny on Jul.25, 2018
GM's profits were hurt by increased incentives on its full-size pickups during the second quarter.
General Motors posted earnings for the second quarter that were basically flat as rising incentives and lower prices on its pickup trucks took a bite out of the company’s profits.
GM’s income from continuing operations of $2.4 billion, down $0.1 billion, compared to the second quarter of 2017 due to a driven primarily by the decline pricing and trim mix for the company’s the current-generation full-size pickup truck models, which is due to be replaced next year, and increased commodity costs.
Financial News!
The decline in the profitability of the company’s pick-up truck business was partially offset by improved performance in GM Financial and China. (more…)
Tags: GM Q2 earnings flat, GM earnings hit by incentives, GM truck incentives, TheDetroitBureau.com., auto news, gm earnings, gm news, gm second quarter earnings, joseph szczesny, thedetroitbureau
Posted in Asia Pacific, Automakers, Automobiles, Buick, Business, Cadillac, Chevrolet, China, Earnings, Europe, Executives, Financials, GM, GMC, Markets, NAFTA, Personalities, South America, U.S./North America | Comments Off
Vehicles from '15 model-year on can be used in new peer-to-peer test.
by Paul A. Eisenstein on Jul.24, 2018
GM owners will be able to make money renting their vehicles when they'd normally be sitting idle.
We’ve entered the “sharing economy,” the experts tell us, with home-sharing operations such as AIRBNB, ride-sharing companies like Uber and car-sharing ventures like Car2Go becoming increasingly popular with American travelers and commuters. But now, General Motors’ own sharing service, Maven, is testing a program that could give GM owners a way to profit from this trend.
Maven has launched what it calls a “peer-to-peer car-sharing beta” that allows owners of relatively recent GM products to list their own cars through the service and pocket some of rental fees. If the program takes off, it would join other peer-to-peer car-sharing services such as Turo. And French automaker PSA, in its bid to return to the U.S., has launched a similar program in Los Angeles.
Consumer News!
“Your car is one of the most expensive things you own. Sitting idle, it is a wasted asset,” said Julia Steyn, vice president, General Motors Urban Mobility and Maven. “It’s time to put your car to work. Maven’s peer-to-peer offering is a smart way for owners to offset their vehicle investment.”
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Tags: auto news, car news, gm car sharing, gm maven, gm news, maven, maven car-sheering, paul a. eisenstein, paul eisenstein, peer-to-peer, peer-to-peer car sharing, psa news, sharing economy, thedetroitbureau, turo
Posted in Automakers, Automobiles, Buick, Business, Cadillac, Chevrolet, Citroen, GM, GMC, Markets, Maven, PSA, Peugeot, Ride-Sharing, U.S./North America | 1 Comment »
Ford sales likely to suffer until next year.
by Joseph Szczesny on Jul.12, 2018
While Ford's Mustang is still selling well, the rest of its line-up is not, contributing to a double-digit decline in the first half of 2018.
General Motors posted a slight gain in sales in China during the second quarter, but Ford Motor Co. continued to stumble with a double-digit decline that deepened its woes in the world’s largest market for new vehicles.
In what is described as a slow market, GM and its joint venture partners delivered 858,344 vehicles in China during the second quarter of 2018 as sales grew 0.7% from a year earlier.
Sales News!
Ford’s China slump intensified, as vehicle sales tumbled 38% in June and the automaker recorded its worst-ever first half. Ford sold 62,057 vehicles in China in June, taking its sales for the first half of the year to 400,443, down 25% compared with the year-ago period. (more…)
Tags: Ford China sales down, Ford struggling China, GM sales grow China, TheDetroitBureau.com., auto news, ford news, gm china sales, gm news, joseph szczesny, new vehicle sales China, thedetroitbureau
Posted in Automakers, Buick, Business, Cadillac, China, Ford, GM, Lincoln, Markets, Sales | Comments Off
Two countries putting a deal together.
by Joseph Szczesny on May.21, 2018
The Trump administration is backing away from proposed tariffs on a variety items imported from China.
The announcement by the U.S. Secretary of the Treasury Steve Mnuchin that the Trump administration will suspend any plans to impose tariffs on Chinese imports lowers the risks for American and European carmakers, fearing the impact of a trade war.
Companies such as Mercedes-Benz and BMW, which export American-made vehicles to China, will apparently be spared, facing the substantial tariffs the Peoples Republic of China had proposed imposing on vehicles exported from the United States.
Financial News!
Importers of vehicles from China, such General Motors, also will be spared American tariffs on vehicles from Chinese factories. (more…)
Tags: TheDetroitBureau.com., U.S tariff plans, U.S. tariffs on Chinese goods, U.S.-China trade war, auto news, china tariffs, michael strong, tariffs, thedetroitbureau, trade war
Posted in Automakers, BMW, Buick, Business, China, Executives, GAC, GM, Markets, Personalities, Politicians, Sales, Trade, Trends, U.S./North America | Comments Off
Luxurious interior, leading-edge tech and great road manners.
by Joseph Szczesny on May.18, 2018
The 2018 Buick Enclave Avenir is based on an all-new version of the three-row SUV.
Utility vehicles of various sizes but similar shapes now account for nearly half of all new vehicles sold in the U.S. and the competition is getting fierce carmakers admit.
Notions of luxury have evolved during the years right along with SUVs but one vehicle holding its own is the stylish Buick Enclave Avenir with its gorgeous interior, portfolio of optional technology and pleasant road manners that fit nicely into the American tradition of upscale vehicles.
Reviews You Can Use!
The exterior of the 2018 Enclave has a stately aura about it that makes a careful bow to the brand’s historic tradition with a careful display of sleek lines and jeweled corners and at the very same time it moves the vehicle into the 21st century with its 21st century silhouette. The front grille and fascia is not ostentatious and the rear is equally restrained but nicely set off by the lighting display. (more…)
Tags: 2018 Buick Enclave Avenir, Avenir, Buick's premium crossover, GM crossover portfolio, TheDetroitBureau.com., auto news, buick news, gm news, joseph szczesny, luxury Enclave crossover, new Enclave Avenir, thedetroitbureau
Posted in Automakers, Automobiles, Buick, First Drive, GM, Luxury Vehicles, Markets, Reviews, U.S./North America | Comments Off
Automaker plans “significantly lower investments” in passenger car models.
by Paul A. Eisenstein on Apr.26, 2018
"We are on plan to deliver another strong year," says GM CEO Mary Barra.
General Motors net earnings dipped 60% to $1.05 billion during the first quarter but still managed to beat Wall Street expectations thanks to strong demand for its North American light truck line-up.
The announcement by the nation’s largest automaker came less than a day after Ford Motor Co. also topped earnings forecasts by riding a wave of demand for pickups, SUVs and CUVs. Ford yesterday said it was going to all but abandon traditional passenger cars in North America and GM is also expected to trim its sedan line-up, though not nearly as drastically as its cross-town rival.
Breaking News!
“Results this quarter were in line with our expectations with planned, lower production in North America related to the transition to our all-new Chevrolet Silverado and GMC Sierra,” General Motors CEO Mary Barra said in a statement accompanying the earnings report. “We are on plan to deliver another strong year in 2018.”
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Tags: GM Korea, GM cars, GM first-quarter earnings, GM trucks, auto earnings, auto news, car news, ford cars, gm earnings, gm news, gm q1 2018 earnings, gm suv, mary barra, paul a. eisenstein, paul eisenstein, thedetroitbureau
Posted in Auto Shows, Automakers, Automobiles, Buick, Business, Cadillac, Chevrolet, Earnings, Executives, Ford, GM, GMC, Markets, New York, Personalities, Pickups, SUVs, Sales, Sales, Trends, U.S./North America | 1 Comment »
New program available to millions of GM and Volvo owners.
by Paul A. Eisenstein on Apr.24, 2018
An Amazon driver uses a smartphone app to open the trunk on a Chevrolet Bolt EV.
More than 100 million people, half of them in the U.S., now subscribe to online retail giant Amazon Prime. The $99-a-year service not only offers free delivery on most packages to a customer’s home but is now adding a new twist: customers can have packages delivered to the trunk of their vehicles.
The In-Car Delivery program will be available, starting today, to millions of owners of General Motors and Volvo vehicles in 37 U.S. cities. To use the service, a customer will simply choose “in-car delivery” among the various options Amazon offers.
We Deliver the News Where You Want it!
“At Amazon, we are always working to make our customers’ lives easier and starting today….Prime members now have another way to ensure their packages are safe and secure—all for no additional cost,” said Peter Larsen, Vice President of Delivery Technology, Amazon.
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Tags: GM OnStar, Volvo On Call, amazon delivery, amazon gm, amazon in-car delivery, amazon prime, amazon volvo, auto news, buick news, cadillac news, car news, chevy news, gm news, gmc news, in-car delivery, paul a. eisenstein, paul eisenstein, thedetroitbureau, volvo in-car delivery, volvo news
Posted in Automakers, Automobiles, Buick, Business, Cadillac, Chevrolet, GM, GMC, Infotainment, Markets, Technology, U.S./North America, Volvo | Comments Off
Volkswagen posts a sales increased in March.
by Joseph Szczesny 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.
Industry News!
Sales in the first three months of 2018 increased 8% on an annual basis to 986,052 units. (more…)
Tags: Ford GM sales results China, TheDetroitBureau.com., auto news, china auto sales, ford china, gm china, joseph szczesny, new vehicle sales China, thedetroitbureau, vw china
Posted in Automakers, Automobiles, Buick, Business, Cadillac, Chevrolet, China, Ford, GM, Lincoln, Markets, Monthly Results, Sales, Sales, Trends | Comments Off
