So, there’s an election on, and a certain candidate has made some high-profile, sometimes inflammatory comments about American manufacturing and jobs being sent south of the Rio Grande. That person’s name is Donald T. No, perhaps that’s too obvious. D. Trump.
The Republican nominee recently found himself in a cage match with Ford Motor Company CEO Mark Fields after accusing the automaker of sending its jobs to Mexico. But one manufacturer that Trump does favor, one that he invests heavily in and whose products he plans to use to build a certain wall, also has a “Mexican problem.” (Read More…)
Update: Added official statement from Ford.
Ford Motor Company is briefly shutting down production of the Ford Mustang at the car’s Flat Rock, Michigan, factory in a quest to avoid ballooning inventory ahead of the winter months, Bloomberg reports.
Year-over-year, U.S. sales of the Ford Mustang tumbled 32 percent in September 2016 in response to rapidly elevating incentives on the Chevrolet Camaro. As the Camaro outsold the Mustang for the first time since October 2014, Mustang sales fell to a 23-month low, causing inventory at the end of September 2016 to rise to an 89-day supply, up from 71 days of supply one month earlier.
The temporary idling at Ford’s Flat Rock facility will allow Ford to bring U.S. Mustang inventory down to more appropriate levels. 60 days of inventory is considered normal. (Read More…)
They say impersonation is the greatest form of flattery, but that flattery has some serious financial consequences in the world of aftermarket parts.
Ohio-based Fidanza Performance, a supplier of aftermarket clutches, flywheels, and other parts, is the latest victim of Chinese knockoff artists selling “Fidanza-like” products on eBay and through unauthorized retailers.
Needless to say, Fidanza president Jeff Jenkins isn’t thrilled by the mimicry.
America’s midsize pickup truck segment grew 19 percent in the first seven months of 2016. But as demand for midsize pickups expands throughout the remainder of 2016, it’s increasingly unlikely that the Toyota Tacoma will be able to make the most of the heightened interest.
Tacoma inventory has been tight for months, requiring Toyota to take full advantage of very specific modifications put in place at the San Antonio, Texas, and Baja California, Mexico, production lines a number of years ago.
No longer does a Tacoma roll off the San Antonio line every 65 seconds — it now takes only 60 seconds. There’s even a Saturday shift that drives the San Antonio plant up to 123-percent capacity. (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…)
General Motors executives are breathing a sigh of relief after the automaker reached a deal with a supplier that threatened to shut down GM’s entire U.S. assembly operation.
The automaker hammered out an agreement with the bankrupt Clark-Cutler-McDermott Company, a supplier of trim and acoustic insulation that GM had been propping up financially since March, the Wall Street Journal reports. (Read More…)
GM is facing off with a key parts supplier in bankruptcy court today, but the drama between it and the Clark-Cutler-McDermott Company started at the same time the automaker handed the company a nice award.
The Massachusetts-based CCM axed its workforce on July 8 and declared chapter 11 bankruptcy, leaving the automaker without the insulation and trim parts needed to build most of its vehicles. A continued disruption in the supply chain would be a massive blow to the automaker, forcing it to shut down assembly plants throughout North America.
Court documents show that at the same time GM was handing CCM a “Supplier of the Year” award at Detroit’s Cobo Center on March 10, CCM had already told GM it had defaulted on a loan and was looking for a handout in order to stay afloat. (Read More…)
Not too long ago, engineers from General Motors and NASA stood around a glove, thinking, we can rebuilt this — better, stronger, more dexterous than before.
Well, they did, and now RoboGlove — a term that conjures up images of a vaguely 1980s dystopian future — will soon get its manufacturing debut at the end of select GM workers’ arms. (Read More…)
In its 2016 American-Made Index, Cars.com returned a familiar nameplate to the top spot, but it isn’t built by a domestic automaker.
According to the annual ranking, Toyota Camry retains the American-made crown this year with 75-percent domestic content. Other Japanese models, each wrapped up in red, white and blue, fill up the top five.
The findings fly in the face of the Kogod Made in America Auto Index published last week, which had domestic automakers on top. (Read More…)
General Motors’ Oshawa, Ontario assembly plant is bleeding vehicles and in danger of closing, but the city and its workers aren’t going down without a fight.
GM employees, their union, and local government representatives want a new mandate to produce vehicles beyond 2017, invoking images of Flint, Michigan in their battle with the automaker. The recent announcement of 700 new provincewide engineering jobs doesn’t cut it, they say.
To them, GM’s silence reeks of an exit strategy.