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It’s the first time in the last 6 months when the retail sales posted are this low. This indicates a tempering of the consumer spending that’s been carrying the economy. Purchases rose 0.1 percent, after a 0.6 percent increase in the prior month that was stronger than previously reported. Just four of the 13 major retail categories saw gains in February sales. Receipts dropped at electronics and appliances stores, apparel outlets and car dealers, a sign of more moderate consumption in the first quarter. While purchases may have been restrained by a temporary slowdown in ...
We’ve been waiting for this happening and here it comes, Donald Trump will announce the new fuel efficiency rules when he will meet with automaker chiefs this week. He will be visiting an autonomous vehicle testing facility based in Detroit this Wednesday and also will meet with some major automakers CEOs who asked for revising the rules of Obama’s administration. The administration has decided to review the feasibility of the 2022 through 2025 vehicle emissions rules, after the Obama administration moved in its final days to keep them. The trip is focused on j...
Since Donald Trump has become the new U.S. president he has been vowing to turn American trade policy toward a more protectionist stance. That includes imposing a 35 percent tariff on imported cars, could have far-reaching consequences for European automakers. European auto executives who gathered here last week for the annual Geneva auto show have found themselves having to deal unexpectedly with trade issues in markets, including Britain and the United States, that just a year ago seemed steady. Many European automakers produce and even export cars from the United States and Mexic...
General Motors promised us other things but that’s how it all turned to be, even if it said it will invest $1 billion in U.S. factories now it announced to temporarily cut off 1,100 workers in May as its Lansing Delta Township assembly plant in Michigan shifts production to Tennessee. Last year it added 800 jobs at its spring hill, Tennessee plant to build the new version of GMC Acadia SUV. The Lansing plant will continue building the Buick Enclave and Chevrolet Traverse after it retools for a month. GM also has announced other U.S. factory cuts. U.S. President Donald Trump ha...
We were expecting for car sales to calm down in February, but despite all the expectations and predictions we were still hoping for better results. Bad news, U.S. auto sales showed to be even less resilient this month than anticipated. If we have to compare these results with February last year, than they are down 1.1%. Automakers like General Motors (GM), American Honda Motor Co., and Nissan North America reported new-car sales gains from a year ago. Volkswagen Group, plus the premium German nameplates and three independent brands, also posted sales increases. However, Ford Motor Co. (Ford) a...
