caption Trump announced a tariff on imported steel and aluminum. source Win McNamee/Getty Images Trump’s tariff’s on steel and aluminum could raise the prices of vehicles that his voters like to buy. Ford pickups, which use a lot of aluminum in their construction, could cost more. However, the auto industry might take the tariffs in stride and eat the higher commodity costs. On Thursday, the Trump administration announced a tariff on imported steel and aluminum, signaling a willingness to start a trade war so that that the President could keep a campaign promise. The response from US steel- and aluminum makers was swift and positive, although it’s worth noting that the aluminum industry in the country has been in steady retreat since 1980. Automakers who use a lot of steel and aluminum in their vehicles were either quiet or diplomatic, even as slower February sales compared to a … [Read more...] about Trump’s new tariffs could mean you’ll pay more for a new car or truck
2018 new cars
Trump’s new tariffs could mean your next new car or truck will cost a more
caption Trump announced a tariff on imported steel and aluminum. source Win McNamee/Getty Images Trump’s tariff’s on steel and aluminum could raise the prices of vehicles that his voters like to buy. Ford pickups, which use a lot of aluminum in their construction, could cost more. However, the auto industry might take the tariffs in stride and eat the higher commodity costs. On Thursday, the Trump administration announced a tariff on imported steel and aluminum, signaling a willingness to start a trade war so that that the President could keep a campaign promise. The response from US steel- and aluminum makers was swift and positive, although it’s worth noting that the aluminum industry in the country has been in steady retreat since 1980. Automakers who use a lot of steel and aluminum in their vehicles were either quiet or diplomatic, even as slower February sales compared to a … [Read more...] about Trump’s new tariffs could mean your next new car or truck will cost a more
AEONTS steps into used car segment
Aeon Thana Sinsap Thailand Plc (AEONTS), a hire-purchase lender for household products and a credit card issuer, has branched into used car loans to capitalise on strong growth in the business. The company aims to lend 500 million baht worth of used car loans this year.Used car loans have solid growth and the company foresees great business opportunities to expand into its both current and new customer base, said managing director Kiyoyasu Asanuma.The higher excise tax on new vehicles and stable used car prices have encouraged consumers to buy used cars."Last year, we saw a growth in the used car loan segment and greater opportunities to expand our existing customer base. We expect to extend 500 million baht in used car loans this year," he said.AEONTS is offering interest rates from 3.5% per year with the longest tenure seven years and the maximum credit limit, which is equivalent to the purchase price -- without requirement of any guarantors.The local unit of Japan-based AEON Group … [Read more...] about AEONTS steps into used car segment
It could be easier for Facebook and Google to get into UK banking thanks to new rules starting Saturday
Open Banking rules come into force in the UK on Saturday, January 13. The rules force banks and payment companies to share data with third parties if customers agree. The changes are meant to encourage comparison and bank account switching but some think an unintended consequence could be opening up banking to tech giants like Facebook and Google. LONDON – New rules come into force in Britain today that force banks to open up their data to outsiders. “Open Banking” begins on January 13. The new rules force Britain’s nine biggest banks to share customer data with third parties if a customer agrees. The changes are meant to improve price comparison and boost account switching. (You can read a full guide here.) But many market watchers speculate that an unintended consequence of the new rules could be to lure tech giants like Facebook, Google, and Amazon into mainstream finance in the UK. David … [Read more...] about It could be easier for Facebook and Google to get into UK banking thanks to new rules starting Saturday
New cars for Thailand in 2018
More and more SUVs are coming this year ranging from a budget-priced seven-seater up to a super exotica. Less than B1m*Like archrival Chevrolet, Ford is set to become a pickup and SUV specialist in Thailand. To help underscore this mission, Ford will introduce a flagship model of its Ranger pickup next month boasting macho looks and off-road addendum. What remains to be seen is whether the Raptor will inherit Ford’s latest 10-speed automatic transmission already used in the US. Rumours indicate that the Raptor will be priced well over one million baht, despite the lesser WildTrak costing less than that level.*After launching in Japan for around a year already, Suzuki’s latest Swift is set to hit Thai showrooms next month with a bigger body albeit mildly evolved design. The current 1.2-litre petrol engine is claimed to be uprated with dual fuel-injectors per cylinder for maintained performance but better fuel economy. Expect Ecocar pricing of some 500,000-750,000 baht.*Two … [Read more...] about New cars for Thailand in 2018