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As our own Tim Cain reported this morning, if not for the mid-sized truck sector, total U.S. new vehicle sales volume would have risen by less than one-tenth of one percent. Now, forecasters are reducing their outlook for the remainder of 2016, leading some automakers to start fighting the stagnating market by deploying aggressive incentives.
Sound dangerously familiar? It should. A quote from George Santayana is very appropriate at this juncture: “Those who cannot remember the past are condemned to repeat it.”
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It worked for Porsche. Now, another luxury automaker is reaping the rewards of catering to the utility crowd.
Jaguar’s decision to market an SUV raised the ire of purists, but it also turbocharged the brand’s U.S. comeback, Bloomberg reports. The British automaker is now the fastest-growing brand in the U.S., with sales propelled by the new F-Pace SUV and entry-level XE sedan. Read More >
We know that Chrysler put its Viper operations up for grabs as the company — and country — spiraled into economic disaster back in 2008, but the date of the V10-powered sports car’s near-salvation at the hands of investors is hazy.
James Glickenhaus, the actor, economic adviser and small-batch supercar builder, told TTAC’s Ronnie Schreiber that a group of buyers almost saved the Viper and its Detroit assembly plant, but the deal fell through. Which is why the Viper is going away, right about….now.
But Glickenhaus left out a key detail of his recollection — the date. Read More >
Hyundai’s rear-drive sports coupe is dead.
First reported by the Globe and Mail, the Genesis Coupe’s 2016 model year will be its last in the U.S. and Canada, a company spokesperson confirmed today. A replacement is expected to follow sometime after 2017, but it won’t carry the Hyundai badge. Read More >
There might be some light at the end of the assembly line for Oshawa — but it will come with a price.
According to the Windsor Star, the plant’s Consolidated Line, which produces the Chevrolet Equinox in an overflow capacity using bodies shuttled from CAMI, won’t get another stay of execution and will certainly close in 2017.
However, a General Motors Canada executive familiar with the negotiations says that closing the Flex Line is not a “foregone conclusion.”
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This small-scale British invasion is good news for U.S. Range Rover owners whose vehicle just don’t feel exclusive enough.
UK-based Overfinch, which designs and installs mechanical and appearance “enhancements” for Range Rover products, is coming to the small city of Danville, Virginia. The 40-year-old company plans to open new retail outlets, in addition to its product development and engineering facility. Read More >
Fiat Chrysler Automobiles knows what models bring home the bacon, so there won’t be many corporate tears shed over its decision to axe the Chrysler 200.
Yesterday, the automaker announced $1.48 billion in funding to retool its Sterling Heights, Michigan assembly plant, paving the way for the next generation of Ram trucks. To free up space for lucrative pickup production, FCA just sent the 200 on the long walk to the gallows. Read More >
Customers are having their 2016 Ford Focus RS orders cancelled, and the automaker is giving differing reasons as to why, depending on who you ask.
Ford is telling dealers and buyers who placed orders for Ford’s hottest hatch that they’ll receive 2017 models instead. This, for a model Ford said it could build as many as customers wanted. Read More >
General Motors is busy phoning friends and posting on its Facebook wall after it made record net revenue in the second quarter of 2016 and boosted its net profit by 157 percent.
A net revenue of $42.4 billion is a high point for the company, even though the automaker’s global sales were flat compared to this time last year, with 2.4 million vehicles sold. Is it any wonder GM isn’t concerned about its falling market share? Read More >
Britain’s recent vote to leave the European Union could cause General Motors to up and leave the country, industry analysts predict.
Production of Vauxhall and Opel vehicles could shift across the Channel if the EU places import tariffs on vehicles bound from Britain, LMC Automotive said in a report, ending GM’s decades-long presence. Read More >