Auto News

Automotive News
  • At least a handful of GM suppliers have temporarily laid off workers and slowed production as a result of the strike
  • Lear Corp.’s Flint plant has been idled since the strike began, affecting about 600 workers
  • 300 employees from Universal Dedicated, a company that sequences parts for Flint Assembly, and 300 to 400 workers at Android Industries, which makes center consoles for the plant, also have been laid off
Automotive News
  • will “introduce advanced manufacturing technologies” to its production line before moving the two pickups onto a new platform, internally called F1, over the next four years
  • investment would boost the plant’s capabilities through the installation of additional robotics and other technologies
  • Development of the shared-platform pickups is near completion and is expected to be introduced beginning in 2021 with the 2022 Tundra
Automotive News
  • seasonally adjusted, annualized sales rate for August came in at 17.07 million, well above forecasts of 16.5 million to 16.8 million, and up from 16.82 million in July and 17.01 million in August 2018
  • American Honda Motor Co. led the way with an 18 percent increase over year-earlier figures
  • Nissan Group advanced 13 percent, followed by Hyundai (12 percent) and Toyota Motor Corp. (11 percent)
  • U.S. light-vehicle sales rose 10.2 percent in August, the second straight month of higher volume
Automotive News
  • 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
  • China said that it will impose additional tariffs on a total of $75 billion of U.S. goods in retaliation for President Donald Trump’s latest planned levies on Chinese imports
  • An extra 5 percent tariff will be put on American soybeans and crude-oil imports starting next month, and a 25 percent duty on U.S. cars will resume Dec. 15
  • U.S. has said it will increase tariffs on some Chinese goods starting Sept. 1, although President Donald Trump has already delayed some of that increase amid economic turbulence
  • ongoing trade war between Washington and Beijing fuels fears of a global recession
  • GM has modeled both moderate and severe downturn scenarios similar to 2008-09 to get a sense of how it might affect profitability and cash flow at the automaker
  • Ford said it was “proactively” evaluating its future moves as it works with economists to model the severity of a possible recession
  • cars of the future could be super-manoeuvrable thanks to a 360-degree steering system revealed in a new concept mobility pods
  • ‘corner module’ incorporates a wheel, steering and electric motor, and allows the wheel to turn through 360 degrees, making cars much more manoeuvrable
  • it could enable cars to move in any direction, making it possible to park or turn in tighter spaces
Automotive News
  • 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
Automotive News
  • 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
Automotive News
  • Korean brands repeated their 2018 medal sweep as Genesis, Kia and Hyundai topped J.D. Power’s annual U.S. report card on 2019 new-vehicle quality
  • three Korean brands were followed in the top 10 by Ford, Lincoln, Chevrolet, Nissan, Dodge, Lexus and Toyota
  • Initial Quality Study scores reflect the number of problems reported over the first 90 days of ownership
Automotive News
  • U.S. light-vehicle deliveries slipped 0.3 percent in May, but the robust pace of sales — 17.4 million — offered a sign of hope
  • seasonally adjusted, annualized rate of sales in May came in at 17.4 million, well above the 16.9 million forecast
  • FCA US, Toyota, Nissan, Hyundai and Subaru posted higher U.S. sales in May while General Motors, Ford and other Japanese brands fell
Green Car Reports
  • developing its own vehicle operating system, app ecosystem, and interface, banking a lot on the user experience
  • allows the steering-wheel touch screen to stay isolated and upright while the driver steers
  • on-sale timeline remains in place as late this year for China, mid-2020 for North America, and late 2020 for Europe
Automotive News
  • includes voluntary buyouts, involuntary separations and open positions Ford chose not to fill
  • 7,000 cuts include some salaried positions in South America, where Ford is closing a plant and exiting some vehicle markets
  • creating a flatter management structure with less bureaucracy, noting more than 80 percent of managers will have six or more direct reports, up from 35 percent before the cuts began
  • 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
Automotive News
  • plans to build a battery EV using Rivian’s flexible skateboard platform
  • move comes weeks after talks between Rivian and General Motors reportedly broke down
  • part of an $11 billion investment in electrification through 2022
Automotive News
  • back in the Tokyo detention center where he previously spent 108 days, after being released just last month on a $9 million bail
  • arrested again on suspicion of funneling $5 million from payments made by a Nissan subsidiary to a third party for personal gain
  • new allegation is potentially more serious, as it could show that he used company funds for his own purposes
Automotive News
  • only American Honda, Hyundai-Kia, Volkswagen Group and Subaru managed an increase last month, helped largely by continuing strong demand for light trucks
  • GM said its first-quarter U.S. sales dropped 7 percent, with volume down 7.8 percent at Chevrolet, 4.4 percent at GMC, 8.7 percent at Buick and 2 percent at Cadillac
  • Higher interest rates and rising new-vehicle prices are undermining consumer demand on the retail side
Automotive News
  • Wabco … specializes in braking control systems and other safety technologies for commercial vehicles
  • Following the acquisition, ZF expects to generate about $44 billion a year in revenue
  • ZF has said it plans to invest more than 12 billion euros ($13.6 billion) into e-mobility and autonomous driving
Detroit Free Press
  • Orion factory, which currently builds the electric Chevrolet Bolt, autonomous vehicles for GM’s Cruise unit, and the Chevy Sonic compact car
  • provisions of the proposed new trade agreement among the United States, Mexico and Canada helped persuade GM
  • part of GM’s “new commitment to invest a total of $1.8 billion in its United States manufacturing operations, creating 700 new jobs and supporting 28,000 jobs across six states.”
Automotive News
  • Transportation Department on Friday issued a request for comment on a petition from General Motors seeking an exemption from Federal Motor Vehicle Safety Standards
  • GM asked for an exemption in January 2018
  • GM’s petition has been viewed as a litmus test on the Transportation Department’s willingness to pave the way toward a self-driving future
Automotive News
  • Fiat Chrysler, citing “bitter weather across key selling regions,” snapped an 11-month streak of year-over-year U.S. sales gains with a 2 percent decline in February volume, even as incentives rose
  • Toyota Motor Corp.’s U.S. sales fell 5.2 percent in February on weaker car and light-truck demand
  • Honda Motor Co.’s deliveries dipped 0.4 percent, with sales down 1.6 percent at the Honda division but rising 11 percent at Acura
  • Nissan Motor Co. said sales slipped 12 percent to 114,352 units. Even its truck sales suffered, falling 13 percent during the month
  • Mazda Motor Corp.’s U.S. sales also fell, by 7.3 percent, to 23,852 vehicles

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