by Joseph Szczesny | Jul 26, 2018
Daimler AG took another step toward a restructuring aimed at giving its three key operating units – cars, trucks and financial services – greater freedom and flexibility. The plan approved by the company’s supervisory board this week creates three new operating...
by Joseph Szczesny | Jul 26, 2018
President Donald Trump and a key representative of the European Union appear to have a reached a temporary cease fire in trade by agreeing to discuss the possibility of removing all tariffs and subsidies on automobiles. In what the EU chief called a “major...
by Joseph Szczesny | Jul 25, 2018
Harley-Davidson expects tariffs to drive up its costs by $45 million to $55 million this year during the ongoing conflict over global trade. The motorcycle builder is projecting that steel and aluminum tariffs implemented by the Trump administration will add between...
by Joseph Szczesny | Jul 25, 2018
General Motors posted earnings for the second quarter that were basically flat as rising incentives and lower prices on its pickup trucks took a bite out of the company’s profits. GM’s income from continuing operations of $2.4 billion, down $0.1 billion,...
by Joseph Szczesny | Jul 24, 2018
The highest-ranking United Auto Workers official implicated in a federal corruption investigation into the misuse of funds for a joint UAW-Fiat Chrysler Automobiles initiative pleaded guilty to felony. Nancy Adams Johnson, a former top official in the UAW’s FCA...
by Joseph Szczesny | Jul 24, 2018
Toyota plans to offer a new edition of the its 2+2 rear-wheel drive coupe, the Toyota 86. The Toyota 86, with its impressive power-to-weight stats and superb balance and feel, gains an even sharper edge through its newest grade — the limited-production 86 TRD Special...
by Joseph Szczesny | Jul 23, 2018
Air Force One, which next to the White House is the ultimate symbol of American Presidential power and prestige, is being replaced by two new Boeing aircraft of a cost of just under $4 billion. In the process, the plane’s exterior may be getting a facelift that could...
by Joseph Szczesny | Jul 20, 2018
Colorado Governor John Hickenlooper’s recent executive order put the state on the track to match California’s ZEV mandate. Colorado, thanks to an executive order by the state’s Democratic governor, is on the path to becoming a ZEV state, joining California...
by Joseph Szczesny | Jul 20, 2018
During the U.S. Department of Commerce’s public comment hearing today, the Trump administration was warned the steep tariffs it has under consideration could add a total of $83 billion to the cost of new vehicles sold to American consumers. “Higher auto tariffs will...
by Joseph Szczesny | Jul 19, 2018
Colorado, thanks to an executive order by the state’s Democratic governor, is on the path to becoming a ZEV state, joining California and nine other states that are using their authority to push cleaner and more efficient vehicles. First, he wants the state to...
by Joseph Szczesny | Jul 19, 2018
With one exception – the UAW – the automotive industry is prepared to take a united stand against tariffs as the U.S. Department of Commerce holds a one-day public hearing on a Trump administration proposal to levy 25% tariffs on imported automobiles in the name of...
by Joseph Szczesny | Jul 18, 2018
The nervous reaction that has begun to paralyze decision-making in the auto industry has also drawn the notice of the Federal Reserve Board. Federal Reserve Chairman Jerome Powell, who was appointed by President Donald Trump, cautioned during a Senate hearing that...
