BMW Intends to Stay the Course in Face of New Tariff Proposal

BMW Group CEO Harald Krüger says the automaker fully intends on sicking with its current investment strategies in Mexico and the United States, even after President Donald Trump’s proposal to levy steep import taxes on vehicles brought into American borders.

“We need free world trade,” Krueger told the CAR Symposium automotive congress in Bochum, Germany, on Wednesday.

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Toyota Invests $600 Million In the Heartland, Verifies Its Loyalty

Toyota is planning a $600 million expansion of its Princeton, Indiana assembly plant to enhance production capacity and modernize the factory for the next-generation Highlander.

The company’s financial commitment underscores Toyota’s new and carefully domesticated image while serving to remind everyone that its cars are built in America for Americans — not unlike the company’s red, white, and blue display cars at this year’s North American International Auto Show.

“This announcement shows Toyota’s commitment to continued U.S. investment,” the company said in its official announcement. “This expansion is part of Toyota’s localization strategy to build vehicles where they are sold.”

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GM Brings $1 Billion to the Make America(n Manufacturing) Great Again Party, Recalls Axle Work From Mexico

Not wanting to be left out of the flurry of recent U.S. investment announcements from various automakers, General Motors arrived at the party with cash in hand and second thoughts about Mexico.

GM says it will invest an extra $1 billion in its U.S. operations, with the cash covering several new vehicle projects, as well as some advanced technologies and components initiatives. The funding comes hot on the heels of similar announcements from Ford, Fiat Chrysler Automobiles and, just this morning, Hyundai/Kia.

In a nod to the political climate in America, GM will shuffle some outsourced parts production back to U.S. soil.

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Sterling Heights Plant Revamp Includes a Test Track

There’s more than just Ram 1500 production coming to Fiat Chrysler Automobiles’ Sterling Heights assembly plant.

According to planning documents, the Michigan facility will gain a test track as part of its $1.48 billion overhaul, The Detroit News reports.

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Toyota and Volkswagen to Ride-Sharing Companies: 'Take Our Money!'

Not wanting to be left out of the mobility party, Toyota and Volkswagen recently invested in two ride-sharing companies, becoming the latest automakers to sink cash into the sharing economy.

Toyota invested a rumored $100 million in the ubiquitous ride-sharing company Uber, while Volkswagen, which has to meter out its dough carefully (thanks to a pesky little scandal), dropped $300 million on Uber’s taxi-hailing rival Gett.

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Cadillac Drafting New Dealer Incentive Program

With the CT6 and XT5 hitting the floor soon, Cadillac is working on a new dealer incentive program to encourage improvement of the buying experience at its stores.

Automotive News reports the program could bring as much as $850 million to $1 billion USD “in incremental profit” for the brand’s dealership network over the next four to five years, according to president Johan de Nysschen:

If we want to have a strong brand, we need to have a strong franchise. To do that, it means the dealers are profitable and that they’re able to invest in the business and to build the customer experience.

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Credit Suisse Picks Tesla As One Of Its Favorites For 2015

Looking for new stock to add to your portfolio in 2015? Credit Suisse has one for your consideration: Tesla.

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Marchionne's Grand Vision For FCA Faces Hard Financial Road To Success

Though Fiat Chrysler Automobiles CEO Sergio Marchionne’s five-year plan announced this week may be ambitious, analysts are raising questions about how the plan will be funded — and how much will be needed — if it is to be successful, let alone live up to Marchionne’s vision.

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Hyundai Ready To Add Capacity After Two-Year Break

After a two-year break in expansion mandated by Hyundai Motor Company Chairman Chung Mong-koo in order to avoid quality issues experienced by Toyota during their aggressive growing spurt in the 2000s, Hyundai and Kia are both looking through feasibilities studies to determine where to invest in expanding their manufacturing footprint.

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Audi Invests In Synthetic Gasoline From Sugar

Audi’s bio-fuel initiative is expanding into France through an investment by the automaker to Global Bioenergies, whose bio-isooctane could be the replacement for petroleum gasoline when the time comes to make the switch.

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Barra's GM Holding Firm On Plans To Revive Opel Profits

Appearing before Opel’s best and brightest in Germany, General Motors CEO Mary Barra proclaimed her company’s European brand, though unprofitable, is a vital one for the General.

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U.S. Government Sells Remaining General Motors Stock
Shields Up! For Volkswagen's Product Budget

With plans to give the world more of their wonders, such as the XL1, Twin Up! and Jetta, through 2018, Volkswagen has opted to shield their product spending from cost-cutting.

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Fisker Files For Chapter 11 Bankruptcy

What do Justin Bieber, Ashton Kutcher and Al Gore all have in common? They may soon — baring a miracle — become the proud owners of the first orphan cars made in the 21st century for well-moneyed consumers by an automaker born in the 21st century, as Fisker Automotive has filed for Chapter 11 bankruptcy protection.

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Canadian Auto Workers More Cost Effective Than U.S. Workers, Study Says

The land of Canadian Tire, Tim Hortons and Michelle Creber has yet another thing going for it: Their auto workers have a cost advantage over their two-tiered brothers and sisters down south according to a study from Toronto, Ontario-based Scotiabank.

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  • Mebgardner I test drove a 2023 2.5 Rav4 last year. I passed on it because it was a very noisy interior, and handled poorly on uneven pavement (filled potholes), which Tucson has many. Very little acoustic padding mean you talk loudly above 55 mph. The forums were also talking about how the roof leaks from not properly sealed roof rack holes, and door windows leaking into the lower door interior. I did not stick around to find out if all that was true. No talk about engine troubles though, this is new info to me.
  • Dave Holzman '08 Civic (stick) that I bought used 1/31/12 with 35k on the clock. Now at 159k.It runs as nicely as it did when I bought it. I love the feel of the car. The most expensive replacement was the AC compressor, I think, but something to do with the AC that went at 80k and cost $1300 to replace. It's had more stuff replaced than I expected, but not enough to make me want to ditch a car that I truly enjoy driving.
  • ToolGuy Let's review: I am a poor unsuccessful loser. Any car company which introduced an EV which I could afford would earn my contempt. Of course I would buy it, but I wouldn't respect them. 😉
  • ToolGuy Correct answer is the one that isn't a Honda.
  • 1995 SC Man it isn't even the weekend yet