Archive for the ‘Sales’ Category

Trump, White House Backtrack on Claims of China Car Tariff Deal

“White House officials are contorting themselves into pretzels” to not say the president lied.

by on Dec.04, 2018

President Trump is revealing that China's plan to cut tariffs wasn't actually plan, but a starting point for negotiations.

Just days after President Donald Trump emerged from a 2-1/2 hour dinner with China’s Xi Jinping claiming to have an “incredible” trade deal that would, among other things, roll back automotive tariffs, it appears that little to nothing concrete was resolved between the two leaders.

That leaves the auto industry in limbo as manufacturers on both sides of the Pacific try to figure out precisely what to do now, especially when it comes to bilateral automotive exports. Several manufacturers, notably including BMW and Volvo, have been hinting that if the trade war continues they may have to transfer some of their U.S.-based production to plants in China.

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Following the meeting with Xi at the end of the G-20 conference in Argentina last Sunday, Trump tweeted, “China has agreed to reduce and remove tariffs on cars coming into China from the U.S. Currently the tariff is 40%.” But he and others in the White House have been forced to backtrack, Trump’s National Economic Council advisor Larry Kudlow telling Fox News a deal “hasn’t been signed and sealed and delivered yet.” (more…)

Mercedes Enjoys Lead Late in Luxury Sales Championship

Sport-utes carrying luxury vehicle makers to strong sales.

by on Dec.04, 2018

The newly updated Mercedes-Benz GLA 250 is helping the automaker to another U.S. sales crown.

Mercedes-Benz is leading the race for the luxury vehicle sales crown for the third consecutive year, heading into December with an edge over its closest competitors, BMW and Lexus.

Mercedes reported it sold 31,022 vehicles in November, an increase of 0.6% from November 2017. On a year-to-date basis, Mercedes-Benz sales totaled 283,943, with an additional 34,062 units for vans and 1,154 vehicles for smart, bringing total sales volume to 319,159.

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“Demand for our SUV line-up including the GLA, GLC and new G-Class combined with increases for the E-Class and new CLS fueled results for the month,” said Dietmar Exler, president and CEO of MBUSA. “We anticipate a solid close to the final weeks of 2018.” (more…)

Trump to End Electric Vehicle Subsidies by 2021

GM, Tesla have already enjoyed the best of the tax credits.

by on Dec.03, 2018

President Donald Trump said he told GM CEO Mary Barra that the country has been "very good" to the automaker.

President Donald Trump has threatened to kill one of the signature efforts of the Obama administration, but today White House economic adviser Larry Kudlow confirmed it: Trump will end subsidies for electric cars.

The move, which Kudlow said would happen in 2020 or 2021, covers other items including renewable energy sources. He revealed he plans in response to a question about what the administration plans to do in response to General Motors’ recently revealed plant closings and employee layoffs.

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The president, who is in China, did not offer an official proclamation, nor has he tweeted about it, which is often how he reveals impactful actions he plans to take. (more…)

Fiat Chrysler Saves November Auto Sales

Jeep and Ram led FCA to big sales uptick.

by on Dec.03, 2018

The Ram 1500 helped Fiat Chrysler to a 17% sales jump over last year's results for November.

With a 17% sales increase Fiat Chrysler helped industry sales hold steady in November as Ford Motor Co. Nissan, Toyota and Honda all reported drops in sales for the month.

Overall, full-year 2018 sales are on course to beat 2017’s results and pass the 17-million milestone for the fourth straight year, a record streak, according to Cox Automotive.

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FCA’s sales were driven by the Jeep and Ram brands, which set a variety of records in total, retail and nameplate sales. Ram led FCA US brands with a 44% increase in vehicle sales. (more…)

UAW Attacks GM as Trump Signs “New” NAFTA Deal

Trump in Argentina for G20 Summit.

by on Nov.30, 2018

The leaders of Mexico, the United States and Canada sign the "new" NAFTA in Argentina.

The United Auto Workers renewed its attack on General Motors as leaders from the U.S., Mexico and Canada used the G20 Summit in Argentina for the back drop for officially signing a new North American Free Trade Agreement that was negotiated last summer but still must be approved by the U.S.

President Donald Trump joined the leaders of Canada and Mexico at a global meeting in Argentina for the signing of the deal, fulfilling a longstanding political promise with a deal he celebrated as a “groundbreaking achievement.”

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UAW President Gary Jones, however, said GM’s announcement of the closure of five of its factories in the U.S. demonstrates that the new trade pact does not go far enough in protecting the interest of workers in the U.S. (more…)

Hyundai Goes Big With New Palisade SUV

3-Row, 8-seater is next in a wave of utes coming from Korea.

by on Nov.29, 2018

The 2020 Hyundai Palisade give the company an eight-passenger SUV to compete with the big boys.

Hyundai is racing to make up for lost time. The Korean carmaker has been slow to embrace the rapid transformation of the American market, motorists by the millions switching from cars to light truck. But it is launching its third new SUV of the year at the Los Angeles Auto Show.

The 2020 Hyundai Palisade, which goes on sale next summer, is the biggest SUV the carmaker has ever offered – with three-row seating for up to eight adults. It’s also the most lavishly equipped, with an outsized array of creature comforts and safety features that could surprise anyone who still thinks of Hyundai as an economy brand.

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With even more to come, “There’s no question about it. We’re in the SUV game big time,” said Brian Smith, Hyundai’s U.S. chief operating officer, during the debut of the Palisade at the Los Angeles Convention Center. (more…)

Ford Cuts Production at Two Plants, Shifting Workers to Other Sites

Company moving workers to meet production needs.

by on Nov.29, 2018

Ford is cutting one shift at the Louisville Assembly Plant, but moving those workers to the Kentucky Truck Plant.

On the heels of General Motors’ announcement that it plans to shutter five plants in North America, Ford Motor Co. said it expects to reduce production at two key U.S. assembly plants by next spring.

However, mindful of the harsh political fallout that followed the GM announcement, including a series of angry tweets from President Donald Trump, Ford took pains to emphasize that workers displaced by the impending cuts at assembly plants in Louisville, Kentucky, and Flat Rock, Michigan, will be offered jobs at nearby Ford plants.

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No workers will be laid off during the changes, which are scheduled to take place next spring, Ford spokeswoman Kelli Felker stressed in an e-mail to TheDetroitBureau.com. (more…)

Lincoln Takes Flight With New Aviator

New ute fills gap between Navigator, Nautilus.

by on Nov.28, 2018

Joy Falotico, Lincoln president, introduces the new Lincoln Aviator at the Los Angeles Auto Show.

Lincoln hopes its long-awaited revival can take off with the introduction of the all-new Aviator, the latest in a series of new or completely updated utility vehicles from the long-struggling Detroit luxury brand.

The Aviator replaces the old and largely unloved Lincoln MKT, adopting a new design, a lot of new technology and the most powerful engine Ford Motor Co.’s luxury brand has ever offered with its optional plug-in hybrid package. It also helps Lincoln shed the alpha naming strategy that had largely confused potential buyers.

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“Aviator is aptly named because Lincoln is at the take-off point,” Joy Falotico, the brand’s new president, said during a media sneak preview ahead of the official unveiling of the big SUV at this year’s Los Angeles Auto Show. (more…)

GM Will Drop at Least Six Passenger Cars in North American Shake-Up

But new electrified models -- and possibly more SUVs – on the way.

by on Nov.27, 2018

The Buick LaCrosse is one of six models getting axed as GM's brands shift away from sedans and toward sport-utility vehicles.

At least six General Motors passenger car models will be dropped by the end of next year, part of a broad corporate realignment that will see the automaker also shut down three North American assembly plants, idling an estimated 5,600 workers.

The Monday morning announcement reflects the ongoing shift from sedans and coupes to SUVs and CUVs in the U.S. market, though GM CEO Mary Barra also noted that the automaker wants to put more emphasis on the development of electrified and autonomous vehicles going forward.

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“We recognize the need to stay in front of changing market conditions and customer preferences to position our company for long-term success,” Barra said Monday. (more…)

Trump Chides GM for Plant Closures, New Congresswoman Blames Trump

President says he's pressuring GM to reverse course.

by on Nov.26, 2018

President Donald Trump said he told GM CEO Mary Barra that the country has been "very good" to the automaker.

Last year, President Donald Trump encouraged employees living near General Motors’ Lordstown plant and other long-shuttered plants to hang in there despite the fact there was no reason to believe the industries in the region were planning to add jobs.

“They’re all coming back. They’re all coming back,” he told a crowd at rally in July 2017. The raucous crowd roared its approval and he added, “Don’t move. Don’t sell your house.”

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Today he found out he was wrong — again. (more…)