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Donald Trump tangled with the auto industry during the presidential campaign, decrying in particular Ford's plan to relocate small-car production to Mexico. Ultimately, Trump's tweet shaming was sound and fury, signifying nothing. US automakers have been building cars in Mexico and Canada for decades, long before borderless free-trade and NAFTA became major campaign issues. UBS auto analyst Colin Langan published a research note this week in which he assessed the impact of Congress' corporate tax reform plan — primarily a tax cut and a deal to repatriate offshore c...
Tata Motors' Jaguar Land Rover November 2016 US sales included a 217% year on year rise in Jaguar volume to 3,381 units. Land Rover sales reached 5,659 units, the second highest November on record but down 13% from the record 6,539 units in November 2015. Sales for both brands rose 19% to 9,040 units, a JLR US market record for the month. Year-to-date JLR US sales rose 23% to 92,531. Joe Eberhardt, president and CEO, Jaguar Land Rover, North America, said that the company is proud to report a 19% unit sales increase for Jaguar Land Rover for the month, and a 23% increa...
More than 71,700 models of Kia Sportage crossovers from U.S. were recalled by Kia Motors America. The affected crossovers are from the 2008 and 2009 model years and were assembled between Aug. 9, 2007, and May 13, 2009. The cover on the Sportage’s braking control unit might not be sealed properly, Kia said in documents filed with the National Highway Traffic Safety Administration. Should the water be mixed with road salt, as could be the case with melted snow, a wire harness connector could corrode, potentially leading to a short circuit and fire, Kia said. The automaker &ldqu...
At the Los Angeles Auto Show, CEO Brian Krzanich said Intel Capital intended to invest more than $250 million over the next two years to develop technology for autonomous vehicles. During his keynote speech, Krzanich said the company would use its expertise to handle vision processing, 5G connectivity, cloud computing, machine learning and security. Intel, which traditionally has not been a major automotive supplier, has been expanding its presence in recent years. Over the past 12 months, the company says it has booked contracts with a variety of automakers worth $1 billion. Custom...
Toyota has finally cut its forecast for North American car sales by 60,000 automobiles this year, and it's the first time when it revealed what expectations it has for US's car market. The automaker is convinced that a decline is inevitable. As American consumers shift away from fuel sippers like the Prius Hybrid and toward trucks and sport utility vehicles. Nissan Motor Co., which posted a drop in profit as it gave heftier incentives that buoyed deliveries, said it’s not seeing room for further expansion. The executive vice president of Toyota admitted that the car sa...
