Posts Tagged ‘joseph szczesny’

Mitsubishi Gaining Sales Momentum in US

New products helping to keep dealers excited.

by on Dec.07, 2017

The new Mitsubishi Eclipse Cross is helping to draw new buyers to the Japanese brand.

Mitsubishi joined the Renault-Nissan alliance a little more than a year ago and the change has given the automaker an enormous lift, according to executives from Mitsubishi Motors North America.

The shift has boosted the spirits of dealers, given the company more clout while buying ads and within three years Mitsubishi expects new products, developed by the alliance, will start showing up in Mitsubishi showrooms around the country, said Don Swearingen, MMNA executive vice president and chief operating officer.

News You Can Trust!

The first product from the alliance will roll out in 2020 as 2021 model, Swearingen said. At the same, time the company will be sharing its plug-in hybrid technology with Nissan. In turn, Renault-Nissan will provide Mitsubishi with battery electric vehicles, he said.  (more…)

Lexus Taking Wraps Off New Crossover in Detroit

Maker has history of unveiling new models at NAIAS.

by on Dec.06, 2017

Lexus will unveil its latest creation, the LF1 Limitless, at the 2018 North American International Auto Show in Detroit next month.

Lexus has always made a point of unveiling its newest most important cars and concept vehicles at the North American International Auto Show and it plans to do it again this coming January.

Lexus announced it plans to reveal a new concept that reflects “the next genre” in luxury crossover vehicles. Created by the CALTY design studio in Southern California, the Lexus LF-1 Limitless is a flagship crossover that redefines the boundaries of luxury, Lexus officials said.

Auto Show News!

The Lexus LF-1 Limitless will make its official debut in Detroit next month, but released a teaser pic of the vehicle to come. (more…)

Production on the Rise, Keeping Gas Prices Down

Demand is lower while production levels are up.

by on Dec.06, 2017

Gas prices continue to fall as demand drops during the winter driving season.

With the winter driving season fast approaching, the price of gasoline is continuing to drop, according to AAA.

At $2.48, the national gas price average is at its cheapest level since early November. More so, pump prices nationally have been steadily dropping during the last two weeks. Today’s gas price is three cents less than a week ago, four cents cheaper than one month ago and 30 cents more than a year ago, according to AAA.

Subscribe Now!

“Cheaper winter gas prices are being seen for the bulk of the country as gasoline demand hits the lowest mark since February,” said Jeanette Casselano, AAA spokesperson. “On the week, 90% of states saw their gas price average drop – some even by double digits.”  (more…)

Toyota’s Hollis Expects Solid Sales in 2018

Automaker expects new Camry to lead the way to good year.

by on Dec.05, 2017

Toyota executive Jack Hollis told the Automotive Press Association that the company expects U.S. new vehicle sales to exceed 16.5 million in 2018.

Toyota expects 2018 to be another strong year as industry sales once again exceed hit 16.5 million units or better, Jack Hollis, group vice president and general manager of the Toyota Division at Toyota Motor North America, told the Automotive Press Association.

Hollis cited several factors contributing to the continuing strength of car sales in the U.S., including a healthy U.S. economy, continuing job and wage growth, low fuel prices and improvement in consumer confidence.

Industry News!

“It might not be a record but still good strong pace,” Hollis said during in his speech during the APA meeting in Detroit. (more…)

BMW Pushing to Grow EV Sales by 50% in 2018

Automaker tweaking product line-up to generate excitement.

by on Dec.05, 2017

Expect to see a production version of the BMW X7, including an electrified model, sometime next year.

After using the Los Angeles Auto Show for the debut of the new i8, BMW AG is preparing to increase its sales plug-in hybrids and battery electric vehicles by 50% in 2018 as it moves to bolster its position as maker of electric vehicles.

“We’ll definitely boost sales by a mid-double digit amount,’’ Klaus Froehlich, who heads development for BMW, told reporters in Munich. “This is to stay ahead of the competition that’s starting to do its own rollout.”

Global Auto News!

Like other carmakers, BMW is spending substantial sums developing a more attractive suite of electric cars to jump start sluggish consumer demand for EVs. Demand for the vehicles remains at a fraction of total auto sales, with BMW’s target paling compared to total 2016 deliveries of 2.4 million vehicles.  (more…)

Fiat Chrysler Eyes Alliance with Hyundai

Marchionne says no merger in the works.

by on Dec.04, 2017

FCA CEO Sergio Marchionne said an alliance or a partnership with Hyundai would make sense for FCA.

After seemingly laying off talking about potential deal, Fiat Chrysler Automobiles CEO Sergio Marchionne is at it again, talking up the possibility of a partnership with Hyundai on technical projects.

Marchionne, during an appearance in Milan over the weekend, was careful to rule out any kind of merger with Hyundai after a flurry of reports this summer that FCA as eager to find merger partners for its automotive business.

Global Auto News!

“We already buy components from (Hyundai) … let’s see if we can agree on other points, especially for the development of transmissions and hydrogen,” Marchionne told journalists, adding there was “nothing to announce for the moment.”  (more…)

Industry Experts Expecting A “Strong” Year for 2018

Trucks will continue to dominate the market.

by on Dec.04, 2017

NADA Chairman Mark Scarpelli believes 2018 will be a strong year, adding that he'd be happy with anything more than 16 million units in sales.

The National Automobile Dealers Association expects new vehicle sales to decline in 2018.

In a forecast released Friday, NADA predicted the sale of 16.7 million new cars and light trucks. The NADA forecast for 2018 was lower than the 17.1 million units of sales predicted by the University of Michigan’s annual economic forecast, which also predicted the U.S. economy would grow by 2.5% next year.

News You Can Trust!

“We expect 2018 to be a robust year,” said NADA Chairman Mark Scarpelli, a Chicago-area car dealer. “NADA’s 2018 auto sales forecast is indicative of a stable, healthy market for new vehicles,” he added.  (more…)

New Vehicle Sales Off Slightly in November

Black Friday sales couldn't push November sales into positive territory.

by on Dec.01, 2017

Ford's F-Series trucks helped the automaker to a 6.2% sales increase in November while General Motors and Fiat Chrysler sales fell.

This story contains updated results.

New vehicle sales stalled last month even as demand for trucks remained very healthy during November.

Both General Motors and Fiat Chrysler Automobiles N.V. reported a sales drop during November despite health sales of trucks and utility vehicles.

By the Numbers!

Ford Motor Co. also had a strong month in November as it reported a sales increase of 6.2%.   (more…)

UAW Taps Veteran Bureaucrat to be Next President

Election to be held next year at convention.

by on Dec.01, 2017

The UAW's powerful "Reuther" caucus selected Gary Jones to replace Dennis Williams next year.

Gary Jones, a trained accountant and former Ford Motor Co. employee, has been tapped to become the next president of the United Auto Workers next June.

Jones, a long-time union staff member who has been a member of the UAW’s executive board for the past five years, was selected as the candidate of choice of the so-called “Reuther” or administrative caucus, which has dominated the union’s internal politics since the late 1940s.

Union News!

The officials vote for UAW president won’t come until next year during the convention. But during the past 70 years no challenger has ever succeeded in mounting a successful contest for the union presidency.  (more…)

Uber Facing Criminal Probe Due to “Espionage”

Query is delaying ongoing lawsuit between Waymo and Uber.

by on Dec.01, 2017

Uber CEO Dara Khosrowshahi, who has faced one problem after another since his arrival at the company, is now dealing with a criminal investigation.

Federal prosecutors are apparently probing allegations that Uber engaged in “espionage” to uncover the trade secrets of rivals.

The investigation has prompted a federal judge to delay a trial in the mega lawsuit that Google and its self-driving-car unit have filed against Uber.

News You Can Trust!

Waymo has charged that Uber hired away a senior Google engineer to steal key secrets about its Lidar system. Waymo CEO John Krafcik has said the Lidar unit is a vital piece of the company’s self-driving car system.  (more…)