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Soon, it will be very important to know where your next car was assembled, because the US is in the midst of a massive trade war. Just because your car was built in the US, doesn’t make it safe from tariffs. As Automotive News reports, automakers may be forced to spread price increases from tariffs across their entire model range. Many people seem to be confused about how US-built cars could possibly be affected by Trump’s tariffs. Automakers plan to minimize the impact of the tariffs by spreading out price increases across their lineup. Some automakers such as Jaguar, L...
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...
As pressures mount on the industry despite rising vehicle sales, climbing technology costs, raw materials and global currency shifts ate into profits at the world’s carmakers. The US car market seems to recover, thanks to the sales increase in the first quarter.German groups Volkswagen and Daimler saw material and commodity costs deflate their earnings, while smaller operators Volvo and Mazda flagged rising technology and marketing spending for their profit drops. The outlay from launching new vehicles also took tolls on Fiat Chrysler, General Motors, Volvo and Daimler, with higher marke...
The auto industry is warning that US sales declines, which have been consistent over the past year, may continue thanks to tariffs US President Donald Trump plans to slap on steel and aluminum imports. Toyota Motor, which plans to build a new $1.6 billion factory in Alabama with Mazda Motor, said the administration's decision will "adversely impact" car companies by raising costs and prices of cars and trucks sold in the US. That's even as more than 90 percent of the steel that Asia's biggest carmaker uses in the US is from that country. Trade groups represent...
Kumar Galhotra emigrated from India to USA at 18 years old to study mechanical engineering at the University of Michigan-Dearborn. He knew there was just one company he wanted to work for "It was just Ford" he recalled. Shortly before receiving his bachelor of science degree, Galhotra printed a stack of resumes and hand-delivered them in hopes of landing a job with Blue Oval. Galhotra's ambition paid off with a 30-year career at Ford that now has him taking on high-stakes responsibilities as automaker's chief marketing officer.Galhotra has orchestra...