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Last week, General Motors’ long-idled Venezuela assembly plant fell into the hands of the country’s autocratic government, sparking the automaker’s exit from the strife-ridden nation.
With its material assets out of its hands, the automaker’s Venezuelan subsidiary jettisoned the plant’s entire 2,700-person workforce today, Reuters reports. It did so in as abrupt a manner as the takeover itself. Meanwhile, the government wants to chat. Read More >
It’s really a matter of when, instead of a question of “will it?”
This week’s Shanghai auto show saw the premiere of an electrified Honda CR-V that should hit Chinese dealers in the second half of this year. When that vehicle will get a chance to battle rivals on American turf remains a secret, but it’s abundantly clear that the model has a future on this continent. Read More >
As Venezuela descends even further into economic and social turmoil, and as mass demonstrations turn violent, we learned yesterday that General Motors’ Valencia assembly plant is no longer in the hands of General Motors.
The plant, which has sat idle for months, was “unexpectedly taken by the public authorities, preventing normal operations,” the automaker stated. Supposedly, the reason for seizing the asset lies in a 17-year-old lawsuit filed by a disgruntled dealer group angry over torn-up contracts. The dealers wanted billions of dollars in compensation — a sum that GM said “exceeds all logic.”
A new report has shed more light on the automaker’s situation, revealing that the government wasn’t the first group to seize the factory and bar the doors. Read More >
Lynk & Co, if you hadn’t already guessed by the name, isn’t a normal car company. The upstart brand that sounds more like a hipster clothing depot than an automaker was revealed late last year following a promotional video that failed to show any products consumers could actually buy.
Now, months after the reveal of its 01 SUV, the Geely-owned company has another product to show off. This one’s a concept, sporting a design that previews a second planned model named — you guessed it — the 02. Sexy and artistic promotional shots of the arresting sedan have cropped up on the Adamsky Management website.
While Lynk & Co is as weird as it gets, this concept looks like something we’d all aspire to own. Read More >
It was jarring, when the 2018 Kia Stinger debuted, to see the automaker’s corporate badge prominently displayed on a desirable, rear-drive sports sedan. In spite of the sales gloom that surrounds the traditional passenger car market, some of us have wondered whether the badge alone might cause performance-minded premium car buyers to overlook the model when it appears on dealer lots.
In Korea, however, no one will be able to blame the model’s success or failure on the presence of a “Kia” badge. That’s because it won’t have one. Read More >
Badge-engineered bliss awaits environmentally conscious General Motors buyers in China. Announced today, the Buick Velite 5 range-extended electric vehicle will soon launch in the car-hungry marketplace, but Americans might recognize it as something else.
Hiding in plain sight behind that Buick badge — which carries plenty of sales clout in China — is a Chevrolet Volt, which aims to compete against a host of low-cost electrics and gas-powered compacts. Read More >
After being knocked off the top perch of the “fastest growing economy” podium in 2016, India is expected to return to the Number One spot both this year and next. The world’s second most populous country has seen average per-capita incomes rise to record levels and, while the average only amounts to $1,500 greenbacks, India’s well-to-do class is thriving.
For automakers, the untapped Indian market offers big potential. The latest to the game: Lexus, which arrived today to offer citizens something better than just a Camry. Read More >
Not content with just offering Chinese buyers the Lincoln Continental, Ford Motor Company plans to take a page from General Motors’ playbook and offer the expansive market its own home-built SUV.
The automaker intends to partner with China’s Changan Automobile Group to build Lincolns in the city of Chongqing, starting in late 2019, Ford claims. The two companies reportedly began talks early last year. Read More >
General Motors isn’t finished slashing products or dialing back plans to bolster its financial standing.
After unloading its near century-long Opel and Vauxhall holdings to France’s PSA Group, a move that came after failed attempts to return the European brands to profitability, GM plans to turn its focus on underperforming products in North America. There’s a chance that a model you hold dear could find its way to the chopping block. Read More >
In the immortal words of ex-fighter pilot and Boeing 707 rescuer Ted Striker, “What a pisser.”
The resurrected Alpine A110, which never seemed like it had much of a chance of making it stateside, is officially barred from American driveways. Renault’s retro, mid-engined performance stimulated saliva glands when it debuted last year as a near-match concept car, leading some to dream that a French alternative to Porsche’s Cayman could become a U.S. reality.
The late Charles de Gaulle once said that France has no friends, only interests. Well, France isn’t interested in making this American dream come true. Read More >
As expected, General Motors started off the work week by officially announcing the selloff of its European division to France’s PSA Group.
The Opel and Vauxhall brands, which have stubbornly resisted all attempts to return to profitability, are no longer GM’s problem. It’s a complex deal, but on the product side, Americans can still expect a generation of Buick Regals based on the Opel Insignia. Read More >
The Hindustan Ambassador, in production from 1958 to 2014, is an iconic vehicle. Iconic enough that news of Peugeot SA’s acquisition of the Ambassador brand from the C.K. Birla group’s Hindustan Motors got a fair amount attention despite most of the automotive news media being focused on Peugeot parent PSA’s proposed purchase of Opel and Vauxhall from General Motors.
As it happens, the $12,000,000 Ambassador deal is part of a much larger play in India by PSA that may work out to be as significant a move on the subcontinent as the Opel deal is in Europe. Now that the French government has bailed out PSA, they have big plans for India. Read More >
There’s a battle brewing between France and China over a famous Malaysian-owned British automaker. Who said globalization was in danger?
Geely, Volvo’s Chinese parent company, is in talks to buy Proton, the Malaysian owner of the famed Lotus brand, the Financial Times reports. Proton’s not doing well these days, all thanks to an influx of affordable imports that has eroded its domestic market share. To reach its goal, Geely must first stave off stiff competition from Europe.
France’s PSA Group, maker of Peugeot and Citroën (and potential future owner of Opel and Vauxhall), also wants to get its hands on Proton. However, it looks like the competing automakers want different things from the deal. Read More >
Reactions are varied following this morning’s announcement that President Donald Trump will renegotiate the North American Free Trade Agreement and pull the country out of the Trans Pacific Partnership.
North of the border, however, the leader of Canada’s Detroit Three autoworkers was apparently dancing a jig. Unifor president Jerry Dias seemed thrilled when he appeared on talk radio to sing the praises of the president’s executive actions. Trump’s moves are “a great opportunity to right the ship,” he said. Read More >
Russia, the country where Shoviet Shub captain Sean Connery learned to fish, might be on the verge of a modest economic rebound.
After tanking hard in the wake of collapsing oil prices, the country’s rickety economic state prompted many automakers to abandon plans for production growth or pull up stakes altogether. General Motors was a noted casualty, though Lada sailed through the turmoil in fine shape.
Early last year, it seemed as if parent Daimler would head west instead of building a Mercedes plant in the Motherland. However, that’s no longer the case, according to the country’s trade and industry minister. Read More >