Archive for the ‘NAFTA’ Category

Walmart Set to Add Super Fast-Chargers in 34 States

Chargers will deliver up to 200 miles in 10 minutes.

by on Apr.19, 2018

The new Walmart chargers will be capable of boosting range by as much as 20 miles a minute.

Walmart, the world’s largest retailer could soon operate one of the nation’s larger vehicle charging networks.

The Arkansas-based company is partnering up with Electrify America to set up 100 fast-charger stations at stores in 34 states by mid-2019. That’s part of 2,000 chargers Electrify America aims to have in place by then at 500 stations across the U.S.

Electrifying!

“Along with providing our customers with an enhanced shopping experience through added convenience, this initiative also allows us to contribute to the expansion of our nation’s EV charging station infrastructure,” said Mark Vanderhelm, Vice President of Energy for Walmart, Inc.

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Walking a Tightrope: Ford Trying to Please All with New Mustang Variants

The original pony car continues to draw new fans.

by on Apr.18, 2018

The Ford Mustang is celebrating 54 years, and the current best-selling sports car in the world intends to remain so.

(This story has been updated with new information.)

You can’t stand still in the muscle car market. What’s hot today could be all but forgotten tomorrow. That’s something Ford Motor Co. learned when rival General Motors brought back the Chevrolet Camaro in 2010, delivering a sucker punch to the long-dominant Ford Mustang.

Since launching an all-new version of the Mustang to mark the nameplate’s 50th anniversary four years ago, Ford has retaken its crown as king of the pony car hill. It has now been the world’s best-selling sports car for three years in a row.

More Than Just Headlines!

And Ford is determined to maintain that lead with a series of Mustang variants set to come to market during the next 18 months. That includes not only the latest version of the GT500 but a first-ever Mustang hybrid. (more…)

Model 3 Production Halt Raises New Worries About Tesla

Automaker wants to “improve automation and systematically address bottlenecks.”

by on Apr.17, 2018

Tesla is shutting down its plant temporarily to resolve production problems that have delayed Model 3 production.

Tesla is temporarily idling its troubled Fremont, California assembly plant for as long as five days, the automaker has confirmed, in order to “improve automation and systematically address bottlenecks.”

The factory, originally built by General Motors, is Tesla’s only automotive manufacturing facility and currently produces the company’s three battery-electric vehicles, the Models S, X and 3. The latter EV is Tesla’s first “affordable,” long-range vehicle and is meant to push the company into the mainstream – and its balance sheet into the black.

Product News!

But the factory has been in what CEO Elon Musk calls “production hell” since the first Model 3 rolled off the line last July, running up unexpected deficits and leading some to question the company’s very survival. (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.

Global News!

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…)

Mustang: World’s Best-Selling Sports Car for Third Year in a Row

Exports to Asia and Europe pushing pony car to the top.

by on Apr.17, 2018

The Ford Mustang is the world's best-selling sports car three years running.

When the Ford Mustang turned 50, the automaker decided it was time to see just how popular the pony car was, and it began selling one of America’s first muscle cars globally.

Turned out to be a fine idea.

Industry News!

Now that the Mustang is about to turn the big Five-Four, it is also celebrating its third consecutive year as the best-selling sports car in the world, according to IHS Markit. Global Mustang registrations in 2017 totaled 125,809 cars, according to Ford. (more…)

Trump Drags Heels as NAFTA Negotiators Push Forward

Rhetoric increases confusion, delay in getting new deal done.

by on Apr.13, 2018

U.S. Trade Representative Robert Lighthizer and his team are pushing ahead in NAFTA talks despite President Trump's criticism of the pact.

As the Trump Administration’s NAFTA negotiation team continues to try to hammer out a deal, making incremental progress, the president appears to want to hamstring the group at every opportunity.

Just yesterday it was revealed that U.S. trade negotiators reduced their demand for regional auto content to 75% from the 85% they demanded originally. Eduardo Solis, the head of Mexico’s automotive industry association, confirmed the move today.

Promises, Promises!

However, speaking at the White House Thursday, President Trump told reporters he’s willing to “renegotiate forever,” as he tries to secure terms that are better for the automotive industry. The terms include an increase in North American content required in new vehicles now. (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.

Global News!

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

Mueller Out, Diess In at VW – And More Shake-Ups Likely

Automaker restructuring into three groups and may be readying spin-off of truck group.

by on Apr.12, 2018

New VW CEO Herbert Diess unveiled two EVs, including the Buzz microbus, at CEO.

Matthias Mueller, the executive often given credit with steering Volkswagen Group through the worst crisis in its post-War history, has been pushed aside, replaced as CEO by Herbert Diess, the head of the flagship VW brand.

The elevation of Diess comes at a time when Volkswagen is charting a path that calls for greater sales and profits, lower costs, and a decreasing dependence on the diesels that had been a foundation, albeit a troubled one, for the company. Diess will also oversee a restructuring that will reform the parent company into three groups and could lead to the eventually spin-off of its truck and bus division.

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Shaking Things Up!

The 64-year-old Mueller was elevated to CEO in 2015, following revelations that VW had rigged its diesel engines to illegally pass emissions tests. He “has done outstanding work for the Volkswagen Group,” the automakers said in a statement, work that included dealing with angry regulators, shareholders and owners and negotiating settlements, fines and buybacks that ultimately are expected to cost VW about $30 billion in the U.S. alone.

(more…)

Lincoln Planning Five New Models for China in Bid to Catch Rivals

China destined to become brand’s top market, said new Lincoln chief.

by on Apr.12, 2018

The Lincoln Aviator made its U.S. debut last month and should reach China by 2019 or 2020.

Struggling to catch up with rivals now dominating the world’s largest luxury car market, Lincoln plans to start building five new models in China by 2022, according to a report by the Reuters news service.

That’s in line with comments made to TheDetroitBureau.com by Lincoln’s new boss, Joy Falotico, who said she expects China to soon become the brand’s largest market, much as has happened for other luxury marques, including Detroit-based rival Cadillac.

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Global News!

It appears that the new models Lincoln will build in China will also be produced and marketed in other countries, including the U.S. During a backgrounder on the new Aviator SUV prior to its debut at the New York International Auto Show late last month, Falotico revealed that Lincoln plans to launch two new SUVs by 2020, “followed closely by four more vehicles.”

(more…)

First Drive: 2018 Mazda3 Grand Touring

A cut above other small cars on the market.

by on Apr.12, 2018

The new 2018 Mazda3 Grand Touring edition is one of the top performing in the small car segment.

Given the hubbub around sport-utility vehicles these days and the relatively low price of gasoline, it is quite easy for small cars to get lost – or at least overlooked – in conversations about new cars.

However, small cars still command a significant following among motorists who are watching their budgets, drive long distances where fuel economy becomes paramount or live in places where parking is tight and at a premium.

Reviews You Can Use!

This adds up to a lot of people looking at a fleet of cars that’s a bit neglected these days by some car makers but there are companies, like Mazda for instance, that see them as an opportunity. (more…)

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