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According to a well-known German source, the president of U.S. is ready to fight Germany in an auto battle. At the NATO summit in Belgium, mr. Trump got a chilly reception, after attacking fellow members. But he was caught pledging a battle with German automakers as part of his anger with “back dues” he feels the country owes to NATO. In a discussion about the country’s trade surplus, Trump said. “The Germans are evil, very evil.” “Look at the millions of cars they sell in the US, and we’ll stop that,” sources told Der Spiegel. A...
As part of the efforts to reduce exposure General Motors will slash headcount at its international headquarters in Singapore. GM International -- which oversees markets such as India, Southeast Asia, and South Korea, among others -- will reduce its staff to about 50 from 180 by year end, according to a person with knowledge of the matter. About 90 employees will leave the company by the end of June and 40 by the end of 2017. Last week, the company said it would take a $500 million charge in the second quarter to restructure operations in India, Africa and Singapore. The company plan...
In a study surveying drivers in the US, UK, Germany, France, and Italy, transportation data company INRIX finds that attitudes about autonomous vehicles (AVs) differ quite a bit depending on what side of the Atlantic one lives on, as well as by age. The survey gathers responses about safety, privacy, and trust and confidence in the connected and autonomous vehicle market, as well as their likelihood to purchase a self-driving car. When it comes to safety, 71 percent of US drivers expect autonomous cars, compared to 85 percent of Italians, to be as safe or safer than today's veh...
Turning the latest generation of the production Toyota Camry into the NASCAR racing version required even more than the usual feats of styling and engineering that went into past transformations. First, the racer hit the track before the production car's launch (the 2018 Camry reaches showrooms this summer), so an extra layer of secrecy was added to the project. Both were unveiled in January at the Detroit Auto Show. Next, Toyota wants to get as much NASCAR bang for its buck. The brand is looking to take advantage of its racing sponsorships to highlight its move toward more spor...
We’ve been a bit worried about the car market after Ford Motor announced that it plans to cut 10 percent of its salaried workers. General Motors didn’t show better results, it reported a 4.7 percent sales drop on April, just like Fiat Chrysler who might get sued for using illegal software which violate the U.S. clean-air rules. We’ve been trying to understand the reasons for the slump, and here’s what we got: Demand has peaked. Last year, there was a record vehicle sales volume of 17.55 million. But the National Automobile Dealers Association forecasts ...
