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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...
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...
The United States has entered a trade war with China after imposing a 25% tariff on $34 billion worth of Chinese goods. China has reciprocated with tariffs of its own, companies like Tesla are already feeling the burn. Tesla had to increase the price of its cars in China, but CEO Elon Musk already has plans to get around the tariffs. Since it looks like the US and China aren’t backing down, Tesla has announced a new factory in Shanghai. Musk met with Chinese officials, and Shanghai will speed up efforts to cancel restrictions on foreign investment in the country. In the past, ...
Because of low gas prices, people are trading their small cars for large trucks and SUVs. Back in 2013, the US car market was split between cars and trucks, but trucks have seen a massive boom in popularity. Automotive News reports that through May 2018, trucks outsold cars by two-to-one. Automakers like Ford are changing their strategies, killing off small sedans and hatchbacks to focus on SUVs and mid-size trucks. Many experts predict that truck sales will continue to grow well into the next decade. As trucks become more popular, cars are experiencing their worst sales year in dec...
As the automotive industry becomes more global, automakers try to be competitive through any means possible. Some companies are very particular about which suppliers they use, others have decided to join their efforts to simplify and improve their products. Automotive News Europe reports that Japanese car makers are following suit to develop their own new transmission technology. The country’s nine automakers, including Honda, Mazda, Nissan, Subaru, Toyota, and others, will partner with the country’s two largest transmission suppliers to jointly develop next-generation t...
