Unions Withhold Support for New NAFTA Touted by Trump

Unions Withhold Support for New NAFTA Touted by Trump

One constituency, organized labor, is withholding its support to the revision to the North American Free Trade Agreement unveiled this week by President Donald Trump. “For a quarter century NAFTA has been disastrous for working people in the U.S., Canada and Mexico...
Fiat Chrysler Outsells Ford in September

Fiat Chrysler Outsells Ford in September

In a dramatic reversal of fortune, Fiat Chrysler Automobiles outsold Ford Motor Co. during the month of September and moved with striking distance of Toyota, the leading Japanese automaker. FCA US reported U.S. sales of 199,819 vehicles, a 15% increase compared with...
Flying Cars Zooming Toward Takeoff

Flying Cars Zooming Toward Takeoff

A Dutch company called Pal-V said it had started taking orders for its Liberty model, a three-wheeled car which sprouts a tail-plane, a propeller and helicopter-like rotor blades when the driver wants to fly. Before it takes off, the wings and propellers are folded...
Brexit Woes Starting to Impact Automakers

Brexit Woes Starting to Impact Automakers

With the United States finally resolving the trade agreement with Mexico and Canada, the Brexit saga automatically elevates to the level of grave importance for automakers. Manufacturers have warned for months that Brexit, Great Britain’s withdrawal from the...
Steel Workers Ready to Strike

Steel Workers Ready to Strike

A dispute over wages has left the United Steel Workers union at odds with two key makers of steel that control a large piece of the steel-making capacity in the United States. Both United States Steel and Arcelor Mittal have been major beneficiaries of the tariffs...
First Drive: 2019 Subaru Forester

First Drive: 2019 Subaru Forester

The variety of utility vehicles has exploded in recent years and appears certain to grow exponentially for foreseeable future. Manufacturers are moving quickly to cash in on the consumer interest in vehicles that might not have a lot of charm or sex appeal but are...
FCA Readying for Ratings Upgrade from Moody’s

FCA Readying for Ratings Upgrade from Moody’s

Moody’s Ratings has given a “positive outlook” to Fiat Chrysler Automobiles based on its expectation the automaker will continue to improve its overall financial position. Continuing improvement in FCA’s financial “metrics” in the current...
BMW Cuts Earnings Outlook for 2018

BMW Cuts Earnings Outlook for 2018

The BMW Group cut its guidance for the current financial year, noting it had expected 2018 to be a challenging year, due in part to additional upfront investments of around one billion euros on mobility programs that will mature in future years. In addition, currency...
Subaru Ascending Toward Another Annual Sales Record

Subaru Ascending Toward Another Annual Sales Record

Subaru is confident it can lock in its seventh consecutive year of sales gains thanks to promising launch of the Ascent, a three-row sport-utility vehicle that has emerged as the Japanese automaker’s flagship since its debut earlier this summer. Dominic Infante,...