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  • Auto Dealers Fear That Good Times Are Over As Interest Rates Rise
    11 Jun 2018

    For car dealers, a sunny sales outlook at the start of 2018 has been overshadowed by rising interest rates, shrinking customer budgets and cost increases. Their optimism for the next quarter lost 14 points to just 56 on a 100-point scale, according to the Cox Automotive Dealer Sentiment Index.  The report, based on a survey of more than 1,000 independent and franchise car dealers from April 30 to May 14, shows prospective buyers grappling with tight finances despite a Republican tax cut that many sales executives had expected to boost consumer spending. The biggest challenges they re...

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  • China Is Opening Its Car Market, But Not Enough
    24 May 2018

    When President Xi Jinping announced measures to further open up China’s auto industry to foreign automakers, the global industry initially cheered. Now the cheering has stopped. As details are emerging, foreign auto executives said that this initiative was too narrow and vague to change business on the ground.  Central to Mr. Xi’s plan is that it will allow foreign automakers to own Chinese factories, instead of working through a 50-50 Chinese partner, as is currently required. But it turns out that auto executives were comfortable with the current system. Ford’s vi...

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  • Decreasing Demand for Traditional Cars Hurts Auto Makers
    01 May 2018

    Auto sales slowed in April because of the continuing decline in demand for compact cars and sedans are setting a dark tone as car makers head into the summer selling season. Car sales decreased more than 5% this month compared with the same period last year, analysts think this is partially because there were two fewer selling days this month.  Oil prices going up and credit conditions getting tougher create concerns for car maker’s executives. Pickup trucks and sport-utility vehicles continue to perform well amid relatively low fuel prices. But gasoline is continuing...

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  • Hyundai Motor plans to grow its US sales with a new pickup truck
    22 Aug 2017

    As part of the broader plan to catch up with a shift away from sedans Hyundai Motor plans to launch a pickup truck in the United States. Hyundai's top management has given the green light for development of a pickup truck similar to a show vehicle called the Santa Cruz that U.S. Hyundai executives unveiled in 2015.  Hyundai currently does not offer a pickup truck in the United States. Hyundai plans to launch a small SUV called Hyundai Kona in the United States later this year. People familiar with the automaker's plans said the pick-up truck is expected to be launched in...

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  • Toyota officially opens its new headquarters in North America
    14 Aug 2017

    Toyota has opened its new headquarters in North America, and the grand opening ceremony featured aerial dancers twirling atop polarized glass high above the 100-acre campus in a carefully choreographed mix of precision and risk. It was a fitting tribute to Toyota's $1 billion bet to uproot thousands of workers from techie California to a Texas city whose name means "a flat place" for its barren terrain.  The logic of nestling the regional home of one of the world's dominant automakers amid Plano's headquarters row of financial institutions and insurance companie...

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