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Volvo had barely savored its new factory in Charleston, South Carolina before newly imposed tariffs threatened its future. This plant was opened to build the all-new S60 sedan as well as the next-generation XC90 SUV. Volvo was set to hire around 4,000 new employees, but Automotive News Europe reports that these plans might be up in the air due to the fear of the tariffs. If these tariffs are imposed, it could have a major effect on Volvo’s new factory. Volvo’s CEO Hakan Samuelsson said that if there are trade barriers and restrictions, they won’t be able to create ...
As the automotive industry becomes more global, automakers try to be competitive through any means possible. Some companies are very particular about which suppliers they use, others have decided to join their efforts to simplify and improve their products. Automotive News Europe reports that Japanese car makers are following suit to develop their own new transmission technology. The country’s nine automakers, including Honda, Mazda, Nissan, Subaru, Toyota, and others, will partner with the country’s two largest transmission suppliers to jointly develop next-generation t...
Volkswagen and Ford are in preliminary talks over an alliance to develop and produce products, most likely starting with commercial transporter vans. An announcement from Ford came after Volkswagen’s supervisory board gave its managers a green light to strike a deal with U.S.-based Ford. The goal is a partnership to share development and production costs. Preliminary talks have already started. Ford’s announcement said that the potential projects could span a number of areas, including commercial vans. Ford said that they look forward to exploring with the Volkswagen tea...
Consumers have a short memory when it comes to gas prices. When they go down, buyers rush out to trade their small, economical hatchback for a large, three-row SUV. That’s what happened in 2017 when gas prices dropped and small cars were traded into dealers on large cars and trucks. Now, oil prices are rising and Automotive News reports that people want their small cars back. But due to a lack of supply used prices are currently rising on small cars. Some analysts believe a seasonal uptick is responsible for the increased demand, while others point to industry decisions by maj...
Following news in March that the National Highway Traffic Safety Administration (NHTSA) was looking into reports of faulty airbags in cars made by Kia and its affiliate Hyundai, Kia has announced that it’s recalling more than half a million vehicles in the U.S. because of this issue. The NHTSA decided to investigate this matter after learning of six accidents in which four people died and six were injured. In each of the crashes, the airbags failed to deploy because of an apparent electronic glitch. Kia is recalling 507,000 vehicles, including 2010-2013 Kia Fortes, 2011-2013 K...
