SAIC Motor, China’s largest state-owned automotive manufacturer, is canceling its plans to export vehicles into North America. Likely fearful of the current administration’s trade proposals, SAIC is blaming President Donald Trump for its hesitation to enter the Western market.
Of course, the Chinese automaker isn’t ruling anything out entirely. Michael Yang, the executive director of SAIC’s international division, explained at the Shanghai motor show that the company might resume its plans for U.S. expansion once trade tensions ease between the two countries. As the Trump administration hasn’t exactly celebrated the idea of imported goods and foreign manufacturing, it could be a long wait. In the meantime, SAIC Motor will be focusing its efforts on the European market. (Read More…)
Not to go all political on you, but it’s amazing how President Obama acted more like a bitter foreclosure victim — one who goes nuts and destroys as much of the house as they can, just short of being arrested for vandalism — during his last days in office, and not a graceful man given two terms as the leader of the free world.
Mr. Obama did this in two ways: one action affected a short list of government folk, and the other impacted one of the most important industries in our lives — the auto industry.
The short-listed government victims are those affected by Obama’s order to share dirt on people talking with “foreigners.” It’s against the law — but when did that stop the former President? What’s worse, and perhaps deadly, is Mr. Obama’s decision to renege on his promise to check and perhaps re-adjust the daunting future Corporate Average Fuel Economy (CAFE) standard his administration first put in place in 2009, which the administration made even wackier in 2011.
Ford’s Mark Fields had plenty of positive things to say about last week’s meeting between Donald Trump and Chinese President Xi Jinping. After spending months of his campaign accusing China of stealing American jobs, Trump left the conference optimistic at the prospect of improving the relationship between the two countries.
That’s welcome news for Ford, which wants to dramatically expand its presence in Asia over the coming years. The automaker has already decided to launch Lincoln models in the Asian market, hoping to piggyback off Buick and Cadillac’s success in China. On Thursday Fields also outlined a company decision to have 70 percent of all Ford nameplates sold in China by 2025 be part or fully electric — helping the company meet stricter emission standards and maintain volume in the East. (Read More…)
While Donald Trump seems to take a keen interest in the current state of the automotive industry, he doesn’t exactly come across as an car enthusiast. However, he is very rich and has had his share of obligatory Rolls, Benz, and Bentley-built vehicles over the years. And, like any exceptionally wealthy American male, he purchased a tomato red Ferrari, drove it infrequently, and then sold it off.
That car — a 2007 Ferrari F430 F1 Coupe — was auctioned by Sotheby’s over the weekend for a little less than one might expect. You would assume having the opportunity to say you owned “the president’s Ferrari” would add a substantial premium to the final sale price, but you’d be wrong. (Read More…)
If you’re unfamiliar with Bob Lutz, it’s likely that you’re a recent addition to the world of automotive enthusiasm. Allow me to be the first to welcome you. The rest of us have been following Lutz’s career shift from extremely outspoken auto executive to extremely outspoken car blogger for years. Now 85, he hasn’t become any less critical of the industry after entering his “retirement,” nor has his advanced age done much to soften his frank rhetoric.
Love or hate him, Lutz’s time spent jumping between the Big Three has provided him with unique insights — and he always has plenty to say on the current state of the American automotive industry. His most recent revelations circle around the unsustainable nature of Tesla and his growing distaste for president Trump, despite his having voted for him. (Read More…)
The Trump administration is changing its tune regarding the North American Free Trade Agreement.
Despite the president calling the pact the “worst deal” in history throughout his campaign and hinting his goal was to abandon the agreement, the White House intends to keep numerous provisions while seeking more moderate changes.
Among the more controversial arrangements Trump intends to keep are the arbitration panels that permit investors in the three nations to circumvent local courts to resolve civil claims. The administration even has a proposal that would improve these bodies’ procedures to resolve disputes.
Is this the bold trade overhaul that Trump promised on the campaign trail? (Read More…)
California has green-lit light-vehicle pollution targets that the Trump administration has placed under review. As expected, the Golden State is going to continue playing hardball over Environmental Protection Agency regulations.
Already critical of the automotive industry for asking the president to reconsider federal guidelines through 2025, the California Air Resources Board hinted that it wouldn’t stray from the emission targets set by the Obama administration in 2012. On Friday, CARB finalized its state emissions rules while setting an updated ordinance on zero-emission vehicles. “We’re going to press on,” said Mary Nichols, head of the board, during last week’s press conference. (Read More…)
Now that Mexican negotiators aren’t reacting specifically to President Trump’s heated rhetoric over foreign trade policies, their terror and rage has begun to subside. The North American Free Trade Agreement might even continue to exist for the time being.
Trump’s previous attacks on NAFTA, import tariff threats, and promise of a border wall incensed Mexican officials to a point where many suggested Mexico should simply abandon the renegotiation talks on principle. However, now that cabinet officials will be speaking on behalf of the president and the focus of the negotiators have shifted toward the fundamentals — and not the politics — Mexico can relax a little. (Read More…)
President Donald Trump received a tour of the American Center for Mobility this week. He did not, however, discuss the federal funding of the Michigan-based autonomous testing and development facility. Instead, the site was used as a location for the president to discuss regulatory policies and meet with automotive executives. Little was said on the subject of self-driving cars.
Still, automakers routinely remind us that autonomous vehicles are right around the corner. Ford says it can have autonomous cars rolling out by 2021, Audi and Nissan have said 2020, and Volkswagen has claimed it’ll be ready for self-driving models in 2019. Tesla — which has been pioneering the technology longer than most — has stated it has the hardware necessary in its current production vehicles and would have a bulletproof system installed in 2018, anticipating regulatory approval in 2021. However, suppliers are predicting much less optimistic timelines for self-driving cars — and the dates given vary wildly. (Read More…)
Donald Trump said Wednesday his administration will reopen a review of the current auto emissions directives passed in the final throes of the Obama presidency. This is cause for celebration for automakers, who’ve practically begged the president to repeal the mandates on grounds that the goals are far too uncompromising and ill-suited for the present-day market.
Speaking at the American Center for Mobility, President Trump promised to bring more manufacturing back into the United States and continue to bring down regulatory barriers so that automakers can continue to thrive.
“We’re going to work on the CAFE standards so you can make cars in America again,” Trump said. “There is no more beautiful sight than an American-made car.”
Clearly, the president has either never seen an Aston Martin or is trying to make a point about the importance of domestic product. (Read More…)
General Motors has said it will discharge 1,100 employees at its Lansing Delta Township assembly plant in Michigan in May. Last year, America’s largest automaker announced an additional 800 jobs at its Spring Hill plant in Tennessee to aid in production of the updated GMC Acadia. However, those positions seemed to have come at the expense of its Michigan workforce.
The cuts come after GM’s promise to invest another $1 billion into U.S. factories earlier this year. President Trump has insisted that American car builders manufacture more product within the country while condemning any ventures in Mexico. While General Motors may be shifting production south, it’s not so far south as to garner any presidential ire. The automaker has claimed that the billion dollar investment would maintain or create 1,500 U.S. jobs. Still, the net employment loss in this instance does not seem to reflect that. (Read More…)
Every automotive manufacturer currently selling cars within the United States has incessantly requested that the government dial back federal fuel economy standards ever since Donald Trump took office. Now, two advocacy groups — Consumers Union and the Consumer Federation of America — have sent a letter to Trump making a case to maintain Corporate Average Fuel Economy (CAFE) standards for the good of average Americans.
Automakers have claimed that higher efficiency targets will increase vehicle cost, making this a battle between two camps, each focused on U.S. wallets: MSRP and MPG. (Read More…)
Since the inauguration of U.S. president Donald Trump, Canadian political and auto industry officials have taken every opportunity to highlight the economic prosperity and millions of jobs that depend on cross-border trade. And the lobbying seems to have paid off.
At a joint press conference following the first official meeting Monday between Trump and Canadian Prime Minister Justin Trudeau, the U.S. leader praised the economic ties between the two countries.
“We have a very outstanding relationship with Canada. We’ll be tweaking it,” said Trump. “We’ll be doing certain things that are going to benefit both of our countries.”
At the same time, he took a swipe at the trading relationship with Mexico, calling it “unfair to the United States.”
Ford CEO Mark Fields used a potential worst-case scenario as the premise for his statements last month when he claimed new federal fuel economy rules would cost the nation one million jobs.
Independent industry analysts and environmental groups looked into Fields’ comments and found huge job losses were just one potential — and unlikely — consequence in a September report by the Center for Automotive Research, Automotive News reported.
President Donald Trump is having a pow-wow with General Motors chief executive Mary Barra, Tesla CEO Elon Musk and a slew of other top U.S. executives today. The business community finds itself increasingly divided over how to respond to certain policies, especially after Uber CEO Travis Kalanick quit the president’s advisory panel over an executive order that temporarily ceased travel to the United States from seven predominantly Muslim countries.
Pressure from activists has forced numerous companies to take a public stance on the issue. Elon Musk in particular has begun to face harsh criticism for condemning the ban but continuing to work with the White House on business issues. (Read More…)