Archive for the ‘Politicians’ Category

The Beast is Loose: New Presidential Limo is on the Prowl

Over-sized Cadillac set to give Pres. Trump his first ride to UN.

by on Sep.24, 2018

The new version of "The Beast," the nickname for the presidential limo, roamed the streets for the first time in New York City.

There’s a beast on the prowl in Manhattan. Make that “The Beast,” the nickname that’s been used for years to describe the heavily fortified limousines used for U.S. presidents. An all-new version, a specially designed Cadillac, made its debut on the streets of New York City Sunday and will be put to work on its first official assignment chauffeuring President Donald Trump to the United Nations Tuesday.

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This marks the first time the president has gotten new wheels since President Barack Obama was inaugurated back in January 2009, and it’s the product of a $15.8 million contract that General Motors won back in 2014. (more…)

Merkel Pressing German Automakers for Diesel Pollution Solution

Companies scrambling to find a cleaner diesel.

by on Sep.24, 2018

German Chancellor Angela Merkel, center, is pressing German automakers for a solution for cleaner diesels.

With driving bans aimed at diesel engines looming in several German cities, German Chancellor Angela Merkel is pressing German carmakers for help in coming up with ways to make vehicles cleaner while avoiding limits on traffic, averting a potential political crisis that could threaten her government.

The government, however, is yet to come up with a specific plan though it indicated some progress is being made after a high-level meeting in Berlin attended by Volkswagen AG CEO Herbert Diess, Daimler AG CEO Dieter Zetsche and BMW AG chief Harald Krüger, Finance Minister Olaf Scholz and Minister of Transport Andreas Scheuer also took part in the deliberations at the Chancellery, according to German press accounts

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Scheuer indicated carmakers rejected expensive hardware retrofits of diesel vehicles that had been suggested for vehicles from the emission class Euro 5. Reports from German regulators have described the retrofits as “technically feasible and economically justifiable.”  (more…)

Trump’s Latest Round of Tariffs Impacts Car Prices

Prices will really jump after Jan. 1 when 25% tariffs hit.

by on Sep.19, 2018

Prices on new cars may jump 25% after the first of the year due to the new tariffs on China by the Trump administration.

President Donald Trump must be out of eyes by now. His ongoing, eye-for-an-eye style trade tariff war continues, and will raise prices on Chinese goods another 10% starting next week, fanning fears about the prices of new vehicles and parts.

The Trump administration levied the new 10% tariff on $200 billion worth of Chinese goods on Monday night. They take effect on Sept. 24, and are set to jump to 25% on Jan. 1. To keep pace, of of course, China retaliated with $60 billion worth of new tariffs of its own.

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As usual automakers have decried the new tariffs, complaining the new levies impinge their ability to import or export vehicles as well as the parts for repairs. Thus far, Trump has turned a deaf ear to the complaints. (more…)

German Automakers Enduring More Diesel Scrutiny

Government regulators continue investigation of companies.

by on Sep.19, 2018

An Audi A3 TDI Sportback, one of the vehicles that was equipped with a rigged diesel engine.

German automakers are facing more headaches and potentially huge fines as the fallout from the “Dieselgate” scandal continues to seep through the legal and regulatory system in Europe and North America.

Antitrust regulators from the European Union are investigating if major German automakers, BMW, Daimler and Volkswagen AG conspired to limit the rollout of emission technology used on diesel-powered vehicles heavily promoted by the three automakers.

Global News!

In the latest twist to the three-year-old “Dieselgate” scandal, the European Commission has opened an in-depth investigation this week. The investigation comes a year after it raided the companies and two years after it slapped a record 2.93 billion euro ($3.4 billion) fine on a group of truck makers, including Daimler, for fixing prices and delaying the adoption of cleaner engine technology, according to Reuters. (more…)

California Pushes Ahead with Promotion of Zero-Emission Vehicles

Major changes expected by 2025 and new tech by 2040.

by on Sep.14, 2018

California Gov. Jerry Brown continues to forge ahead on the state's zero-emissions goal.

Despite the efforts by the Trump administration to roll back clean air regulations, California continues pressing forward with efforts to foster zero-emission vehicles.

“By working across national and state boundaries, through this new focused effort, we can accelerate progress and help bring these important clean technologies to market years earlier. We are very supportive of this program and look forward to collaborating with our partners to achieve our clean air and climate goals,” said Richard W. Corey, executive officer of the influential California Air Resources Board.

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California Governor Jerry Brown also announced this week that the State of California intended to get all of its electricity from clean sources such as solar and wind energy by the middle of the century. (more…)

Volvo Backs Out of IPO Due to Trade and Market Conditions

Trump's ongoing tensions with China and Europe push decision.

by on Sep.10, 2018

Volvo Chief Executive Hakan Samuelsson said that trade tensions between the U.S. and China as well as the EU were one reason to halt its IPO.

President Donald Trump’s seemingly ongoing trade war with, well, everyone as well as a less-than-robust period for auto stocks has forced Volvo Cars to put off its initial public offering — for now, anyway.

Volvo Cars, which is owned by China-based Geely, previously announced it was considering the IPO to help raise funds for additional research and expanding of production. However, the current trade tensions between the U.S. and China as well as the European Union has forced a rethink.

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“We’ve come to the conclusion that the timing is not optimal for an IPO right now,” Volvo Chief Executive Hakan Samuelsson told Reuters by telephone on Monday.  (more…)

Trump Puts Ford in Twitter Crosshairs About China-Built Focus

President says car should be U.S.-built, Ford says it's not profitable.

by on Sep.10, 2018

President Trump is tweeting about Ford again, claiming the automaker should build the Focus Active in the U.S.

Ford Motor Co. is back in the crosshairs of President Donald Trump, who claims the automaker should be able to build a vehicle profitably in the U.S. instead of China due to the tariffs he’s put in place.

“’Ford has abruptly killed a plan to sell a Chinese-made small vehicle in the U.S. because of the prospect of higher U.S. Tariffs.’ CNBC. This is just the beginning. This car can now be BUILT IN THE U.S.A. and Ford will pay no tariffs!” Trump tweeted Sunday.

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In late August, Ford announced its was cancelling its plans to sell the Ford Focus Active, a wagon-like crossover built in China, in the U.S. because the 25% tariff Trump instituted on vehicles imported from China into the United States made it unprofitable. (more…)

NAFTA Deal Facing Significant Uphill Challenges

Trump plans to make Canada suffer to become part of the deal.

by on Sep.04, 2018

President Donald Trump said he plans to make getting a deal done with Canada very difficult because he doesn't plan to compromise — at all.

The North American Free Trade Agreement faces an uncertain future despite a tentative pact between the U.S. and Mexico that would spare Detroit carmakers from punishing tariffs on any vehicles they build in Mexico.

Most of the vehicles built in Mexico by General Motors, Ford Motor Co. and Fiat Chrysler meet the new rules of origin that are part of the tentative agreement between the U.S. and the lame-duck Mexican government, which is scheduled to leave office at the end of November.

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Vehicles built in Mexico by Honda, Nissan and Toyota, however, could potentially face tariffs, according to analysts, who have reviewed the documents. (more…)

Ford Kills Focus Crossover from China Due to Trump Tariffs

New vehicle was set to hit U.S. in late 2019.

by on Aug.31, 2018

Ford killed the Focus Active after it was determined the company couldn't turn a profit on the small China-built crossover with the Trump tariffs.

One of the first steps in the shift of Ford Motor Co.’s product lineup from cars to trucks, sport-utes and crossovers has blown up, as the company killed the China-built Focus crossover due to the ongoing trade war between China and the U.S.

The automaker said the tariffs imposed by President Donald Trump make it impossible to make a profit on the new Focus Active crossover, which was expected to hit U.S. shores in late 2019.

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“Given the negative financial impact of the new tariffs, we’ve decided not to import this vehicle from China,” said Kumar Galhotra, Ford president of North America told the Detroit News. “The significant thing that moved was the tariffs going up substantially higher. We’re choosing to deploy resources elsewhere.” (more…)

Trump Rejects EU Offer to Eliminate Auto Tariffs Entirely

President's position could trigger yet another tit-for-tat trade war.

by on Aug.31, 2018

President Donald Trump spurned a "no tariff" trade plan offered by the European Union.

President Donald Trump has warned he’s ready to enact stiff trade tariffs on European autos, citing the EU’s tariffs on American automotive products. But Trump has now rejected an offer by European officials to eliminate auto tariffs entirely.

In turn, EU President Jean-Claude Juncker now warns that Europe will respond in kind if Trump follows through with threats to tag vehicles from brands like Audi, BMW, Jaguar and Mercedes-Benz with duties that could run as high as 25%.

Trade News!

The question observers are now asking is why the White House would reject an offer that would effectively drop the EU’s barriers to entry for American-made vehicles, something Trump cited in the first place as the reason why he would threaten to trigger a trade war with one of America’s biggest trade partners. (more…)

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