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It's time to congratulate Ford Motor Co, since it's taking a much different approach to fleet sales than rival General Motors. While GM plans to slash sales to daily rental companies by 75,000 units this year and has plans for more cuts in 2017, the Blue Oval has held steady. Ford's president of the Americas, Joe Hinrichs says the the automaker doesn't see an adjustment necessary in the daily rental. Through November, Ford's daily rental sales are at the same level they were a year ago: 11 percent of its total sales. Year to date, Ford's total fleet sales are...
We all know how the auto industry has changed under Obama's administration, new regulations and policies intended yo increase fuel economy, improve safety and add jobs. Now that Donald Trump was elected as the new president the car industry is gonna face a wholesale makeover. Perhaps no industry could be affected in more ways by the new administration than the auto business. The changes under the Trump administration could include possible tariffs that will raise prices on imported vehicles and parts, fewer subsidies for electric cars and policies that discourage automakers from...
To clear out bulging inventories of unsold cars and dispel investor doubts about consumer demand, automakers in the United States are ramping up holiday sales promotions ahead of Black Friday. Detroit automakers need a strong year-end sales push. They are sitting on hefty inventories of unsold sedans, compact cars and sports cars as consumers shift to pickup trucks and SUVs. The share prices of General Motors, Ford Motor, and Fiat Chrysler Automobiles NV are flat to down for the year. This reflects investor concerns that a six-year auto sales boom in the United States is reaching an end and th...
A group of automakers and tech firms advocating for autonomous vehicles has called on U.S. regulators to change federal auto safety standards that effectively prohibit the operation of a car without the presence of a driver. The Self-Driving Coalition for Safer Streets wants the National Highway Traffic Safety Administration to amend certain Federal Motor Vehicle Safety Standards that it says limit fully autonomous vehicles, the group said in a statement. The group, whose founding members are Ford Motor Co., Google, Volvo, Uber and Lyft, also called on Congress to enact legislation ...
It seems like Chevrolet Bolt EV, Tesla Model 3 and electric vehicles in general face a radically new regulatory and political playing field as a professed climate change skeptic prepares to occupy the White House. Trump's administration has been short on policy specifics. But just two days after the election, automakers' chief lobbying group, the Alliance of Automobile Manufacturers, urged the Trump transition team to revise not only the fuel economy standards, but also the Obama administration's autonomous vehicle standards, on the grounds that they could cost its membe...
