Just as total auto loan balances in Q4 2013 climb to $798.5 billion, the United States Chamber of Commerce has called upon the Consumer Financial Protection Bureau to draw up a detailed compliance guide for auto lenders returning to the fray.
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The Scion FR-S – lightweight, affordable sports car that the world was supposedly waiting for – is reportedly lagging behing its sales targets across the globe, making it difficult for Toyota to justify upgrading the engine or bringing a convertible to market.
FCA CEO Sergio Marchionne took to The Globe and Mail‘s editorial pages to make his case for government investment in Chrysler’s assembly plants in Canada. Marchionne is seeking government funds to upgrade the Brampton plant (which builds Chrysler’s rear-drive cars) and the Windsor plant (which builds minivans, and would be upgraded as a flexible plant) as part of a $3.6 billion investment.
Mazda moved nearly 80,000 CX-5s from the lot to the highway in 2013. If the automaker has its way this year, the C segment crossover may break 100,000 units sold.
Though the municipal government in Beijing has set aside 20,000 license plates for electric vehicles in an attempt to offset their ongoing air quality woes, very few residents are interested, even if it means waiting a long time to own a gasoline-powered car.
Before a gathering at a distribution warehouse in Maryland, United States President Barack Obama announced that his administration has set March 2016 as the deadline for the next round of fuel efficiency and emissions standards for medium and heavy trucks to meet compliance.
The 3 billion euro ($4.1 billion USD) three-way deal between PSA Peugeot Citroen, Dongfeng and the French government, signed this week, is set to inject new capital and a much needed life extension for Peugeot, though at the expense of the Peugeot family ceding control after two centuries.
The Wall Street Journal today announced that GM is planning on producing aluminum-bodied pickups for the next generation Chevrolet Silverado and GMC Sierra, due for 2018. This comes on the heels of Ford moving the 2015 F150 to an all-aluminum body, with around 97% of the body structure being aluminum (Including the load floor of the bed), which Ford claims has saved 700 pounds off the curbweight of the F150. GM plans to weld panels together as opposed to Ford’s riveted and bonded aluminum panels, to seek further weight savings.
TTAC welcomes “Anonymous”, a former temp who worked in a Japanese transplant factory, as he presents his opinion on the effect of the UAW on the American auto industry and the significance of the Chattanooga vote.
Sit down with me, children, and let me tell you about some of the great things labor unions have done for this country. The forty-hour week, safer working conditions, the defeat of the Pinkerton “bulls”, and, well, that’s probably about it. Many of the advances credited to labor unions by people who never bothered to read a history book are actually due to legislation. That’s okay. History, as the man who once doubled the wages he paid his employees without the pressure of a union to make him do it said, is bunk.
Now let’s talk about what the UAW has done for American workers. It created the “job banks”, where people were paid to do nothing. It created the seniority system that paid people $100,000 a year to sweep floors while young people were mercilessly shuffled off into a low-wage “tier”. It ensured that every automobile built by its employees during a time when American automakers were in the fight of their lives came out of the factory at the highest possible labor cost while simultaneously offering the lowest possible quality, often because the cars were sabotaged by overpaid workers who were encouraged to despise their employer, their product, and their customer.
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Much of the news surrounding the next-generation Chrysler minivans has involved the location of their assembly, with Chrysler CEO Sergio Marchionne looking to secure government funds for the new vans. The latest report from Automotive News manages to dredge up some product details on the vans themselves.
The founding family behind PSA Peugeot Citroen has approved the 3 billion euro ($4.1 billion USD) deal between the French government and Chinese automaker Dongfeng just an industry analyst penned an open letter for PSA chairman Thierry Peugeot to reconsider before it becomes too late to turn back.
TTAC welcomes Jamie Kitman, of Automobile Magazine, NPR’s CarTalk and other international outlets, as he presents his analysis of what went wrong at Chattanooga, and the next steps for the labor movement’s efforts in the auto industry.
With all the clamorous back patting and joyous trills of laughter attending the defeat of the UAW’s unionization drive at Volkswagen’s plant in Chattanooga, one has that nagging sensation, increasingly common these days that the whole 20th century never happened.
Forgotten in the industry’s excitement over a record year for Canadian auto sales was the challenging start to 2013.
Sales in 2012 had risen to a ten-year-high, and in each of the 2013’s first three months, sales were down, year-over-year. The predicted record sales level eventually materialized, but not in the first quarter.
Following the 712 – 629 decision against representation by the United Auto Workers at the Volkswagen plant in Chattanooga, Tenn., the union may be forced to throw in the towel on foreign-owned auto factories as the automaker’s works council vow to press forward with plans to establish their brand of representation in the plant.
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