Category: Industry

By on August 30, 2015

Sergio and 1.4L Turbo MultiAir in better times at Dundee. Chrysler Photo

We have to hand it to Larry P. Vellequette at Automotive News for getting FCA’s Don Marchionne riled up. In addition to getting Sergio talking yesterday about automakers having a history of bending the unions over, the outspoken executive has now called for a General Motors takeover via a series of hugs increasing in their intensity each time.

“There are varying degrees of hugs. I can hug you nicely, I can hug you tightly, I can hug you like a bear, I can really hug you,” said Marchionne to Vellequette. “Everything starts with physical contact. Then it can degrade, but it starts with physical contact.”

And no, that’s not even the best part.

Read More >

By on August 30, 2015

Volkswagen and Suzuki agreed to establish a comprehensive partnership

Osamu Suzuki (middle right), chairman of Suzuki Motor Corporation, can finally celebrate his biggest win. After a failed alliance with Volkswagen put Suzuki — the chairman and company — on the back foot for almost four years, the International Court of Arbitration of the International Chamber of Commerce in London has decided in the Japanese company’s favor. Suzuki will purchase back their own stock from Volkswagen.

Suzuki received news of the ruling Saturday and filed the information with the Tokyo Stock Exchange on Sunday.

“It’s good that a resolution came. I feel refreshed. It’s like clearing a bone stuck in my throat,” said to reporters gathered at a news conference in Tokyo, reports Automotive News. “I’m very satisfied with the resolution. Through it, Suzuki was able to attain its biggest objective.”

Read More >

By on August 26, 2015

 

The head of the AFL-CIO in the United States is criticizing the current presidential administration for its pursuit of a trade zone in the Pacific that could open up Asian markets to America and vice versa, the Detroit News is reporting.

AFL-CIO President Richard Trumka wrote the administration a letter saying that a free-trade agreement with countries such as Japan jeopardizes American jobs because those countries may be able to source cheaper parts from outside the negotiated area, according to the report.

“I hope it is not the case that the Canadian and Mexican negotiators are actually holding a harder line than our own government on this issue. But due to the unaccountable lack of transparency from USTR, absolutely critical decisions are being made without our input or voice. Thousands of good American jobs and an iconic American industry are at risk, and we don’t even know what our government’s negotiating position is.”

Read More >

By on August 26, 2015

Mini Countryman sales chart TTAC 3A rising tide lifts all boats?

Not in the Mini Countryman’s case.

One of the oldest models on the block, the Countryman, is suffering from a sharp decline in U.S. sales even as consumers develop greater interest in subcompact crossovers. Read More >

By on August 25, 2015

Fastest growing automakers sales chart TTAC

Relative to their own achievements during the first seven months of 2014, no auto brand in America is growing faster through the first seven months of 2015 than Mitsubishi.

Mitsubishi?

Yes, Mitsubishi. Read More >

By on August 24, 2015

 

Markets around the world are down, down, down, down and down.

At the time of this writing, the Dow Jones Industrial Average is down roughly 650 points on Monday, which is more than 1,500 points off of where we were at the beginning of August. A lot of the run is fueled by fears that China is tapering off its growth (or they’ve been making it up for a while) and that Europe is tinkering on the brink of sinking into another recession. Read More >

By on August 24, 2015

TTAC Volvo XC90 sales chart

We’re finally beginning to see the impact a new SUV can have in Volvo showrooms.

The second-generation XC90 posted a 209% year-over-year increase to 1,176 U.S. sales in July 2015. That equalled 796 more sales this July than last and the highest monthly total for the XC90 since December 2010.

So is Volvo back? Well, not quite. Not yet.

Because the auto market is so seasonal, year-over-year change is a valid figure to consider, but it’s less useful when the previous year in the year-over-year comparison was the 13th year in the model’s lifespan. XC90 sales in July 2014, for instance, were 88% lower than in July 2004. Read More >

By on August 23, 2015

 

Iran’s oil minister has said that an emergency OPEC meeting may be necessary to stem the tide of slumping worldwide oil prices, Reuters is reporting. Algeria has also called for an emergency meeting.

A barrel of crude oil slid to its lowest price last week of around $40, the lowest in more than six years. Record low gas prices could closely follow, which would help American drivers and car buyers, however the broader economic impact may be tougher to discern. Worldwide markets sank on Friday, largely on fears that China would slow its economic growth and instability in Greece could hamper European economies.

Read More >

By on August 23, 2015

 

Toyota will keep a plant in China closed until at least Aug. 26 as it waits for conditions to improve after an explosion there killed more than 120 people, the Detroit News is reporting.

The Aug. 12 explosion in Tianjin, China injured 67 Toyota employees nearby and damaged 4,700 Toyota and Lexus vehicles. The plant in Tianjin, which produces Crown, Reiz, Corolla and Vios cars, is responsible for roughly half of Toyota’s annual production in China.

“We will only restart operations when we have been able to confirm the safety of our facilities and their surroundings, and when our employees feel that they can once again go to work in a safe environment,” the company said in an email, according to Reuters.

Read More >

By on August 22, 2015

Expert marketing company, and sometimes computer-maker, Apple has poached an automated car engineer from Tesla to join its growing roster of robot car builders, Reuters is reporting.

According to Jamie Carlson’s LinkedIn profile, the former Tesla engineer has joined Apple in “Special Projects.” Carlson is the seventh high-profile hire for the Cupertino-based company who has specific automotive experience. Carlson joins a former Volkswagen engineer, a Chrysler VP and the former deputy director of autonomous systems at the Swiss Federal Institute of Technology, among others, at Apple.

Maybe they’re all working in the cafeteria?

Read More >

By on August 21, 2015

USA minivan sales chart July 2015

Not since January of last year had the Honda Odyssey finished a month as America’s top-selling minivan. Indeed, not since October of last year had the Toyota Sienna not been America’s best-selling minivan.

But in July 2015, Odyssey sales jumped 18 percent, year-over-year, enough to overtake the Sienna on a monthly basis. Read More >

By on August 20, 2015

 

Reuters is reporting that Buick will import most of its new models to North America from China and Europe by 2016. Only the mid-size that will eventually replace the LaCrosse and the large Enclave crossover will be built in America, both in Michigan.

Other Buick models, including the coming Cascada convertible and the small crossover Envision would come from Europe and China respectively. Production of the Verano would shift from Michigan to China, the next-generation Regal would come from Germany instead of Canada, and the Encore would continue to be assembled in Korea, but would eventually shift to China, Reuters reported from an unidentified source.

Read More >

By on August 19, 2015

GM Oshawa Plant Closure

GM Canada announced Wednesday it will make a small investment in Oshawa Assembly’s Consolidated Line thanks to increased demand of the Chevrolet Equinox.

“It’s a modest investment in terms of its size, but it increases the volume of stamping we do at CAMI to increase the run. (The increased stamping) will then boost Equinox production in Oshawa,” GM Canada’s VP of Corporate and Environmental Affairs David Paterson said in an interview with TTAC.

More body panels are stamped at CAMI than that plant’s assembly line can use, which required GM to utilize its “shuttle program” to transport excess Equinox bodies to Oshawa’s Consolidated Line for final assembly, according to GM.

The majority of the $12 million CAD investment will go to CAMI, though the detailed amount was not disclosed. Additional labor will not be needed to produce the additional Equinoxes.

While the success of an 11-year-old model (the Equinox went into its second generation as an enhanced refresh) is newsworthy, there is a larger issue at play.

“That investment has the effect of extending further the Consolidated Line until at least 2017,” said Paterson.

Read More >

By on August 19, 2015

TTAC SUV market share chart July 2015

U.S. sales of SUVs and crossovers jumped 14 percent in July 2015, a year-over-year improvement equal to more than 67,000 extra sales compared with July 2014.

As a result, just under 36 percent of the U.S. auto industry’s volume was produced by utility vehicles in July 2015, a three-percentage-point increase over the same period one year ago.

Passenger car volume, meanwhile, slid 3 percent last month, a drop of around 18,000 sales as the overall market grew by more than 5 percent, or 75,000 units. Read More >

By on August 18, 2015

TTAC COTD GM full-size SUV sales chart July 2015

There were six new full-size SUVs from General Motors. Ford refreshed the Expedition. Lincoln did the same with their upmarket Expedition, the Navigator.

The year was 2014, and U.S. sales of Detroit’s biggest, baddest, full-size SUVs were booming, relative to the recent past. Read More >

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