by Joseph Szczesny | Apr 8, 2019
With demand for its unique products soaring, Alcantara has completed the first phase of its 300-million euro expansion of its production facilities in Nera Montoro, Italy. “The startup of these new facilities is an important, symbolic moment for us,” said Andrea...
by Michael Strong | Apr 8, 2019
New vehicle sales have been on the decline all year as higher interest rates and lower incentives combine to drive down demand. Now consumers are seeing another auto-related cost climbing upward: gas prices. Across the U.S., gas prices have risen for the last seven...
by Joseph Szczesny | Apr 4, 2019
Ford Motor Co saw sales decline by 1.6% in the first quarter. But the drop was not as large as those experienced by rivals General Motors and Fiat Chrysler Automobiles N.V. and was concentrated in the passenger car segment, which are continuing to fade in consumer...
by Paul A. Eisenstein | Apr 4, 2019
Insisting “I don’t play games,” President Donald Trump has backed down on a threat made just a week ago to shut the U.S.-Mexican border, the former businessman now giving the ally a “1-year warning” to either stop illegal immigration and drug shipments or face the...
by Joseph Szczesny | Apr 1, 2019
Facing a sharp drop in the sales of minivans, Fiat Chrysler Automobiles NV confirmed it will trim one shift at the automaker’s assembly plant in Windsor, Ontario, across the river from Detroit. The cutbacks will result in the loss of 1,500 jobs at the plant and in...
by Michael Strong | Mar 26, 2019
U.S. auto sales were predicted to fall this year, and due to bad weather, lower-than-expected tax refunds and some mixed economic inputs, March auto sales are expected to help ensure that prophesy comes true. New vehicle sales will drop 2.1% this month compared with...
by Michael Strong | Mar 22, 2019
New car sales are on a very slow decline in the U.S., part of that decline is the appeal of used vehicles which are expected to hit a record of more than 41 million units in 2019, after setting a new record last year of 40.2 million. What’s driving trend? Increased...
by Michael Strong | Feb 22, 2019
The more things change, the more they stay the same. While that phrase is widely interpreted to mean that change is constant, the auto industry is a different animal sometimes and the latest edition of The Car Book shows why. The book, which is now in its 39thyear,...
by Joseph Szczesny | Feb 21, 2019
Minivans were invented by the old Chrysler Corp. back in the early 1980s and through the company’s various transitions and permeations have been a mainstay in its product portfolio ever since the Reagan years. Facing stiffer fuel-economy and emission...
by Paul A. Eisenstein | Feb 12, 2019
Nearly 2 million vehicles have been recalled this month to replace airbag inflators blamed for dozens of deaths around the world, but millions more are expected to be targeted in the U.S. alone by early next year. The problem was caused by faulty airbags produced by...
by Joseph Szczesny | Feb 6, 2019
Car dealers and manufacturers keep a careful watch on inventories and a rising level of unsold vehicles in dealer hands is drawing attention and concern both for the health of the industry and of the overall economy. The American International Automobile Dealers...
