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It didn't took look for Japan to give an answer to the intensifying trade pressure from US President Donald Trump with Prime Minister Shinzo Abe rumored to be meeting the head of Toyota Motor Corp this week and business lobby Keidanren setting up a Trump task force. On February 10 he will visit Washington in order to discuss the issue with the US leader, and we expect them to find a solution towards the trade deal between the countries, and of course the automotive sector. Ahead of those talks, Abe will meet with Toyota Chief Executive Akio Toyoda. One of them said the meeting w...
It's obvious that the auto industry is not able sell 17 million cars and light trucks in America year after year. At some point buyer demand will become sated. Higher interest rates will force manufacturers to offer less attractive deals. Thus, sales would begin to drop from their recent peak, which will create a set of difficult challenges for car companies that operate in the United States. A forecast for January sales predicts a dip of 3% to 1.13 million, which translates into 31,000 vehicles. Some car companies will start to be part of trends that may erode their earnings. A...
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 ...
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 ...
