Category: China

By on February 1, 2016

car-brands

FCA’s sweater-in-chief Sergio Marchionne has a plan to turn around the debt-laden and ailing automaker: stop building cars that lose money. That sounds like common sense, so long as oil prices stay low and the demand for trucks, SUVs and crossovers remains high.

But that plan introduces a new set of problems, chief among them the fact that ditching the car market leaves FCA exceptionally exposed to future volatility in oil prices. Crude prices affect prices at the pump, which affects the demand for certain types of vehicles. Sergio is betting oil prices will stay low by focusing on vehicles with ever-increasing price tags and ever-growing gas tanks.

Still, there will always be some demand for small cars. It was true in 1950 and it is true today. So what will Mr. Sweater do to meet that demand? Simple: he’ll buy those vehicles from another automaker and badge engineer them the old-fashioned way.

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By on January 28, 2016

2016 NAIAS Ford Stand

Ford announced Thursday that it had earned a record pre-tax profit of $10.8 billion for 2015 — including $2 billion in the fourth quarter — bolstered by pickup sales in the U.S. and strong growth in China.

The record-setting year for the automaker wasn’t much of a surprise — second- and third-quarter results set records along the way — but Ford’s ability to finally turn a profit in Europe may be the most unexpected news. The automaker had lost money in Europe since 2011.

Latin America, notably Brazil, will continue to be a sore spot for Ford and other automakers. Ford said Thursday it expects to lose more money there in 2016 than the $832 million it lost there in 2015.

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By on January 24, 2016

Cadillac China

China’s finance minister said Saturday that the government will end green car subsidies by 2021 and let its market dictate whether EVs or plug-in hybrid can sell on their own in the country, Reuters reported.

Lou Jiwei told reporters that the government would cut subsidies by 20 percent over the next two years, by 40 percent before 2020 and eventually end subsidies altogether by 2021, according to the report.

China surpassed the U.S. last year in electric car sales, in part because of the government’s aggressive support. Few electric cars made in China are available outside the country, however its expected that Cadillac will build in China and sell in the U.S. a plug-in version of its CT6 sedan.

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By on January 23, 2016

Signing ceremony for VW’s Foshan plant in China. Picture courtesy Volkswagen AG

Volkswagen’s chief in China says they’re probably not retaking the crown from General Motors there anytime soon.

That, Apple’s lead car guy is gone, Takata’s in trouble and more … after the break!

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By on January 22, 2016

2013-volkswagen-lineup

Volkswagen to European diesel owners: “Why you mad?”

That, the mailman can’t deliver on the first lawsuit against GM, Caddies built in China and 51.3 million cars were recalled in 2015 … after the break!

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By on January 14, 2016

Trading Places

Investors aren’t necessarily drinking automakers’ Kool-Aid that 2016 will be full of beer and Skittles.

That, the China-made Cadillac CT6 that’ll eventually get here, El Chapo’s cheapo getaway car and General Motors’ questions get down and dirty … after the break!

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By on January 4, 2016

2016 Chevrolet Malibu

“What do I gotta do to get you to drive out of here in a brand-new 2016 Chevrolet Malibu today?”

That, Ford and Google are moving to the country, Hyundai halts in China and Volvo’s wagon spied in some guy’s garage … after the break! Read More >

By on December 31, 2015

high_macan_gts_2015_porsche_ag-6

Man, people are really pumped about the cool, expensive cars they just bought.

That nugget of wisdom, Russia’s perpetual Cash for Clunkers program, VW’s appeal to Colorado and Washington buyers and GM’s knows what way the wind is blowing now … after the break! Read More >

By on December 29, 2015

buick-envision-usa-1

A picture is worth a thousand words, or millions of dollars worth of cars not built by the United Auto Workers.

That, and Buick is planning a surprise for Detroit, oil prices are ever-so-slightly up, a super mullet El Camino, and Manny, Moe and Jack … after the break!

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By on December 21, 2015

alcohol-bar-party-cocktail

You’ve made some bad decisions at the holiday office Christmas party. We’ve all done it. Don’t compound it by using a (probably inaccurate) free breathalyzer that you picked up at a Honda dealer instead of a cab ride.

That, and Subaru is turning production up to “11,” Hyundai was hit hard in China and Nevada’s rolling the dice on electric cars … after the break. 

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  • Bark M., United States
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