China said last week that it would impose new tariffs by year end on $75 billion worth of U.S. goods, including vehicles, in retaliation for duties the Trump administration has threatened on Chinese goods as soon as Sept. 1
Trump responded by saying U.S. companies that do business in China should look into moving those operations stateside
BMW and Daimler’s Mercedes-Benz brand combined to account for 57 percent of the 230,115 vehicles exported to China from the U.S. in 2018
June U.S. sales at Hyundai and Fiat Chrysler rose, while Ford, Honda, Nissan, Toyota and General Motors fell as the industry recorded its sixth straight monthly decline
seasonally adjusted annual sales rate hit 17.29 million, topping the 17 million mark for the third time in four months
Ford Motor Co. is still searching for its first winning month since January after recording a 4.7 percent June decline. The Ford brand was off 4.6 percent, despite a small gain by the F-series pickup, the industry’s best-selling vehicle. Lincoln slid 8 percent.
GM’s June sales dropped an estimated 0.9 percent. Demand fell 5.9 percent at Chevrolet but rose 18 percent at Buick, 8.2 percent at Cadillac and 8 percent at GMC, the Automotive News Data Center estimates. For the year, GM’s U.S. sales are off 4.3 percent.
FCA was lifted by a 45 percent surge at the Ram brand. Ram pickup deliveries jumped 56 percent to just over 68,000, enough to help the truck outsell Chevrolet’s Silverado and solidify its standing as the No. 2 large pickup in the first half of the year.
Toyota’s June sales dropped 3.5 percent, with volume down 3.5 percent at Toyota and 3 percent at Lexus. At Nissan, deliveries skidded 15 percent behind a 15 percent drop at the Nissan brand and an 8 percent slide at Infiniti.
Honda Motor Co. sales dropped 7.3 percent, with volume down 6.3 percent at Honda and 16 percent at Acura.
Hyundai’s 1.5 percent increase came on higher retail sales and strong crossover demand. Hyundai said three CUVs – the Santa Fe, Tucson and Kona — posted double digit gains in retail volume.
Some analysts see a second-half bounce from the launch of new and redesigned light trucks, as well as a possible interest rate cut from the Federal Reserve
mastermind behind the Ford Mustang and the straight-talking captain of Chrysler’s historic U.S. rescue and 1980s turnaround that brought him acclaim as America’s most famous CEO and car salesman, died on Tuesday at home in Bel Air, Calif.
cause was complications from Parkinson’s disease
Lido Anthony Iacocca was born on Oct. 15, 1924, in Allentown, Pa
president of a local UAW labor union in Saginaw County says he is planning to meet this week with Nexteer Automotive officials to discuss employee layoffs
company has not reported any layoffs to the state’s WARN notice system
Nexteer today employs 13,000 full-time employee employees worldwide, and operates 25 manufacturing plants, three technical centers and 14 customer service centers in North and South America, Europe and Asia, according to its website