Ford Motor Company is finally figuring out the secret to General Motors’ most recent overseas sales success. Chinese shoppers are willing to pay more for a new car than consumers in other countries, but only if it piles on the luxury and, most importantly, prestige.
However, there’s still a long way to go before the Lincoln brand catches up to a surging Cadillac. That automaker only wishes it could find such sales gains in the United States.
Lackluster demand for several General Motors models has forced the automaker to announce shift cuts at two assembly plants, leading more than 2,000 lost jobs.
It’s unpleasant news for autoworkers in America’s manufacturing heartland, but the General hints that four-wheeled saviors are on the way. (Read More…)
Ferrari CEO Sergio Marchionne — who’s also the CEO of some other company — says the Italian automaker’s stable will be full of hybrid technology in three short years.
This isn’t an initiative designed to take Ferrari from red to green. Rather, it’s the only way it can boost sales without running afoul of the law. There’s cash to be made, and Sergio’s on the case.
Debt-heavy Fiat Chrysler Automobiles could do with some more spending money, so why not try something new?
Figuring it can squeeze more money out of its products — and boost its stock — if it focuses less on volume, FCA has embarked on a new sales strategy that isn’t new in the industry. Call it the General Motors Approach.
Imitation, as they say, is the sincerest form of flattery. (Read More…)
It was a bombshell decision that Fuji Heavy Industries describes as “extraordinary.”
Subaru’s parent company announced today that its board of directors has decided to eliminate its industrial division to free up resources for its car division. FHI built its empire on small industrial powerplants, spawning a quirky car company in the process, but that car brand is now the corporation’s main focus.
What does the new love mean for Subaru? (Read More…)
For the second time in a month, a union official’s loose lips has spilled information on a looming change in Ford’s lineup, only this time the product news isn’t an addition — it’s a funeral.
Yes, if the report is true — and Ford isn’t confirming it — the mighty Ford Flex will bow out of existence in 2020, leaving fans of the polished brick heartbroken. Still, there’s a mystery as to the fate of its leviathan-like platform mate, the Lincoln MKT. (Read More…)
General Motors and the Ford Motor Company both saw U.S. sales declines in the third quarter, but GM was the only one achieving earnings that widely beat expectations. Still, which company is playing the game better is up for debate.
This could turn out to be an Ant and the Grasshopper situation if there is another economic downturn on the horizon. The ant-like Ford could be more ready for an economic winter, while the improvident Grasshopper Motors is left out in the cold with acres of unsellable vehicles — forced to eat its own legs for sustenance.
Of course, if there isn’t an economic downturn, Ford is going to look like a lame duck next to GM’s golden goose.
There is something sincerely wrong with Fiat Chrysler Automobiles’ math, although things are starting to add up for why some of its sales numbers were so inflated.
That, Ford decides to get a little less global at the expense of the small car, Hyundai pays the price for lying, and parts suppliers see doom and gloom on the horizon for the automotive industry… after the break!
Cars. They still make ’em, don’t they?
Automakers do, in fact, still produce cars, but they’re the last thing those companies’ bosses want to talk about, and they’re no longer on the top of most buyers’ shopping lists.
For the world’s largest automaker, the U.S. public’s shift towards trucks, SUVs and crossovers presents a problem. Toyota has them, but can’t build enough of them. With the rapidly declining interest in cars threatening its tentative No. 1 standing, Toyota needs to find a way to give buyers what they want. (Read More…)
Is there a tiny pinpoint of light that can stir some meager hope in the heart of the compact and midsize passenger car segment? No, no there isn’t.
Even as sticker prices for these vehicles rise and as manufacturers endow them with enough technological goodies to make your mom’s car from yesterday look like a chuckwagon, retained value is dropping as fast as the segments’ market share.
Once a driving force, the segment has now become a red-headed stepchild at auction. (Read More…)
U.S. car buyers wandered onto dealer lots in healthy numbers in September, but only because automakers heaped a record pile of cash on the hoods.
So lofty was the snow-capped peak of incentives required to move vehicles last month, it easily exceeded the previous record set in late 2008, when car buyers lived in boxes and sold old shoes on Craigslist to afford the downpayment. (Read More…)
Atieva has a luminous new name for its company and a lightning-fast sedan without one.
That, the future of autonomous driving doesn’t need to include stopping for red lights, defective Takata airbags have claimed another life, and the E-Class is helping keep Daimler filthy stinking rich… after the break!