Category: Emerging Markets

By on January 27, 2016

FCA_Location_1_Torino_Lingotto_high

Fiat Chrysler Automobiles CEO Sergio Marchionne on Wednesday said the automaker would rely more heavily on profitable Jeeps and Rams in North America and Europe to help its business remain profitable in other sagging areas and regions.

“We are not of the view that this industry is facing an impending demise,” Marchionne said before announcing FCA’s adjusted earnings of $1.78 billion in the fourth quarter.

Marchionne and CFO Richard Palmer said Jeep’s success in North America and Europe led the company last year and would be the “bedrock” for the automaker’s future. The automaker laid out specific plans to bring forward a Jeep pickup and Wagoneer, and let wither less-profitable models such as the Chrysler 200 and Dodge Dart. Read More >

By on January 26, 2016

Jeep-Renegade-19

On Wednesday, Fiat Chrysler Automobiles CEO Sergio Marchionne will update investors on his long-term plans and fourth-quarter profits — namely, how many Jeeps it sold — during his scheduled earnings conference call.

It’s widely expected that Sergio will address the near-certainty that Jeep will build a pickup based on the Wrangler, as well as the future for the Jeep Compass that’ll likely survive from the Patriot/Compass twin billing, and Jeep’s potential to keep afloat fledgling FCA brands such as Maserati and Alfa Romeo.

Analysts say FCA’s ambitious target of $5 billion profit by 2018 would be almost unattainable at this point.

“‘Ambitious’ is not really an adequate word to describe it, ‘fantasyland’ might be more appropriate,” Bernstein’s Max Warburton told Automotive News.

Read More >

By on January 25, 2016

ford-headquarters

The big Blue Oval is setting in the Land of the Rising Sun.

That, Volkswagen’s labor boss doesn’t like what he hears, Detroit’s big show and Kia’s big plans for the Rio … after the break! Read More >

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 20, 2016

Chevrolet Aveo Roja Victoria 2015

General Motors CEO and Chairwoman Mary Barra defended Wednesday her company’s decision not to put airbags in some of its cars in international markets.

“In many of those places the technology is available and it’s a customer choice if they want it,” Barra said, according to the International Business Times. “There’s many cases where we are well above standards, but we also have to look at affordability otherwise you cut people out of even having the availability of transportation.”

Barra made the remarks in Davos, Switzerland, which was a response to a letter sent to her last year by consumer advocacy groups in the U.S. — including Consumer Reports — requesting the automaker standardize safety features in its cars worldwide.

Read More >

By on January 16, 2016

Recalled GM ignition switch

The man in the middle of GM’s faulty ignition switch has finally spoken, and the word “mistake” came up at least twice.

That, does anyone have the number for Google, GM and Honda may join forces, and take a cab … after the break!

Read More >

By on December 30, 2015

Winterkorn, sending the wrong signals. Picture courtesy focus.de

Where do you end up if you’re the former CEO of a company guilty of cheating diesel emissions tests, the fallout of which wipes out billions of dollars of value from said company? Business Insider’s “The 15 biggest career crashes of 2015″ list, of course.

That, and Nissan prices the new Sentra, oil is still on a well-lubricated downhill slide, Jeep is now online in India, and more … after the break!

Read More >

By on December 8, 2015

beijing-smog

The nice people at Marketplace, who provided the above photo, have a fun website where you can put Chinese smog on your favorite city. Thankfully, most American cities haven’t had a smog problem in the 21st century. Beijing, on the other hand, is experiencing the proverbial terrible, horrible, no good, very bad day.

Read More >

By on November 11, 2015

CanvasDoors_red004a_shadowedit

I guess I cover the reverse trike beat here at TTAC.

It started with a post about a Chinese death trap three-wheeler I’d seen advertised. In the comments to that post, one of our readers suggested looking into the Elio project. We’ve done that a few times since then, including an exclusive review of one of their prototypes. Because of our coverage of Elio Motors, a group of Elio deposit holders who have become disenchanted by continued production delays asked us to consider their charges. While it’s true that I’m in what may be a minority of automotive writers that don’t think Elio is a scam, I’m not naive. There are ample reasons for skepticism and we take the word truth in our title seriously, so Mark Stevenson and I looked into the critics’ complaints and we both decided they were adding nothing new to issues raised by Elio’s critics before.

However, I do keep tabs on their Facebook group, which is how I found out about Arcimoto, a Eugene, Oregon company that hopes to put their highway capable electric reverse trike in production by the end of next year with a starting price of $11,900. Read More >

By on October 7, 2015

Toyota Hilux. Picture courtesy of Toyota

(Probably because it’s the most popular truck.)

Automotive News reported that Toyota is cooperating with U.S. authorities in uncovering why members of the terrorist group ISIS seem to be so fond of Toyota Hiluxes and Land Cruisers, which consistently rank among the top 5 best-selling vehicles for many Middle Eastern countries, prompted by an investigation* by ABC News.

The automaker said the company forbids directly selling cars to paramilitary or terrorist organizations because of course it does. The company said it would be impossible to control indirect or illegal sales to terrorist organizations because of course it is.

ABC News hasn’t reached out to Ford to see how it controls sales of F-150 trucks to American drug cartels. Read More >

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