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There’s no doubt that Daimler’s Smart car brand did not succeed in the US. Although it found some early success in Europe, Americans did not find the Smart car’s small dimensions particularly appealing. But Daimler, which is also the parent company of Mercedes-Benz, is not giving up on the Smart brand. Bloomberg reports the German automaker is currently holding talks to build Smart cars in China with its long-time Chinese partner Beijing Automotive Group. The intent is to begin selling electric cars to the world’s largest EV market. Smart has already made pla...
Fiat Chrysler is recalling 1.4 million Ram pickup trucks across the US to upgrade their tailgate locking mechanisms. After an investigation, the company discovered the power locking mechanisms in the tailgates of certain pickups have a small internal component that may break over time. This could cause the tailgate to unlatch and open while driving, spilling the cargo onto the road and potentially causing an accident. The company says it is not aware of any related injuries or accidents. Specifically, the recall affects certain Ram 1500, 2500 and 3500 pickups from model years 2015 t...
Ford made it clear how important SUVs are to the US market when it announced that almost all non-SUV models would be killed off. The US auto market is clearly SUV-obsessed, but Europe still buys plenty of sedans and hatchbacks. Now, the question is: will Ford make the same decision to focus on SUVs in Europe? Automotive News reports that Ford will have to give SUVs a higher priority if it wants to be profitable in Europe. Ford CEO Jim Hackett made it very clear: “We’re extremely dissatisfied with our performance in Europe.” Due to a combination of Brexit and a cons...
Mitsubishi’s operating profit reached $253.9 million in the fiscal first quarter. It means the company’s profits jumped 36% in the latest quarter as the automaker's rebound gathered speed on rising sales in every key market.The robust results were buoyed by new vehicles such as the Eclipse Cross and Outlander PHEV crossovers in the United States and the Xpander MPV in Southeast Asia. Looking ahead, Mitsubishi kept its earnings outlook unchanged. It expects worldwide operating profit to increase 12 percent in the current fiscal year ending March 31, 2019, while net income inches...
The clock is ticking for Tesla buyers in the US to receive the full $7,500 federal tax credit for electric cars. Tesla delivered its 200,000th car this month which means a slow phase-out of the tax credit has begun. Put in place early on in the Obama administration, the tax credit was seen as a tool that could be used to encourage customers to buy plug-in electric or hybrid vehicles. It was meant to offer consumers a bit of a break while the cost of battery technology slowly came down and to encourage manufacturers to push for greater advancements in that technology. Tesl...
