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Detroit automakers are pushing new investment in U.S. production of trucks, crossovers and SUVs to tap into the higher profit margins these vehicles yield. They make an awful lot of money. Automakers spend about the same amount to make a vehicle, whether it’s a crossover or truck or sedan. Yet a full-size pickup truck has an average transaction price of almost $40,000. A large SUV has a transaction price of $58,000 and even a mid-size crossover moves off the dealership at nearly $35,000. But the average transaction price of a compact sedan is less than $19,000 and a mid-size ...
It seems like after all these years or car sales growth, tough days are coming for automakers. The previous success starts working against them, it means car costumers have bought so many new cars in the last years that they have a very low interest in them right now. A glut of used vehicles has started to depress prices. That trend will intensify as Americans will return 3.36 million leased cars and trucks this year, another jump after a 33 percent surge in 2016. The fallout has already begun, with Ford Motor Co. shaving $300 million from its financial-services arm’s profit f...
U.S. regulators said that they did not found any defects in Tesla electric cars after investigating the death of a man whose Model S collided a truck while he was using its Autopilot system, which was the first serious accident involving semi-autonomous software. The U.S. National Highway Traffic Safety Administration said in a report it will not seek a vehicle recall after conducting a six-month investigation. The crash drew enormous attention and raised questions about the safety of systems that can perform driving tasks for long stretches with little or no human intervention.&nbs...
After Trump shared with us his angriness towards GM building a new plant in Mexico, we've been waiting for the American automaker to answer, and the wait is over. General Motors is gonna invest $1 billion along with 1,500 new jobs in US. In addition to the $2.9 billion investment the company announced in 2016 and more than $21 billion the company has invested in the U.S. since 2009. GM also said it will start moving axle production for its pickup trucks in the U.S., including work previously done in Mexico, to plants in Michigan. The company expects that move will create a...
It seems like US is not in a good relationship with German automakers since Donald Trump was elected as the new president. He threatened them with a hefty import tax if they plan to sell cars in the United States that were built in other countries, repeating a claim that has shaken the global automotive industry and its biggest players at home and abroad. The new president said that they can build cars anywhere in the world, but for every car that comes to the USA, they will have to pay 35 percent tax. Trump has issued similar warnings, via Twitter, to Ford, GM and Toyota. But ...
