Asia UnhedgedReal-time intel on what moves markets American carmakers are missing their chance to gain a foothold in the market of the future, and investors have noticed By David P. Goldman September 22, 2018 5:15 AM (UTC+8) Share Tweet Linkedin Print Email Share 0 Comment 0 Economic historians will cite July 9, 2018 as the date on which the US lost the trade war with China – before the war began. That was when Germany’s top manufacturing companies – Volkswagen, BMW, Daimler, BASF and Siemens – announced tens of billions of dollars of new investments in China as Chinese Premier Li Keqiang posed for a photo op with German Chancellor Merkel in Berlin. BMW will expand its joint venture with Brilliance Auto to produce 519,000 vehicles a year. It also set up a joint venture to produce an electric version of the Mini together with Great Wall Auto. And it agreed to buy US$4.7 billion worth of batteries from Chinese producer CATL, which just announced a … [Read more...] about Did Trump just kill the US auto industry?
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Auto sales fall by 12.5% in first half of 2018 Louella Desiderio (The Philippine Star) - July 18, 2018 - 12:00am MANILA, Philippines — Car sales recorded a 12.5 percent decline in the first semester from a year ago as consumers held off their purchases of big ticket items amid rising inflation. A joint report released yesterday by the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA) showed that vehicle sales reached 171,352 units in the first six months, lower than the 195,772 units sold in the same period last year. CAMPI president Rommel Gutierrez said the double-digit decline in sales was due largely to consumers’ decision to prioritize the purchase of basic goods and services as buying big ticket items like motor vehicles is less favorable at this time due to rising inflation. “This is a typical consumer’s behavior pattern when … [Read more...] about Auto sales fall by 12.5% in first half of 2018
Business Industry behemoths like Volkswagen, Daimler, Toyota, Nissan, Ford and others will display more than 1,000 models and dozens of concept cars at the Beijing auto show. 25 Apr 2018 07:49AM Bookmark BEIJING: Global car manufacturers will take the stage in Beijing on Wednesday (Apr 25) with new car models to woo the world's largest auto market as China promises to liberalise the industry.Industry behemoths like Volkswagen, Daimler, Toyota, Nissan, Ford and others will display more than 1,000 models and dozens of concept cars at the Beijing auto show.Thousands of Chinese auto enthusiasts are expected to wander the halls of the mega exhibition centre this week, with electric cars expected to attract much of the spotlight.Auto executives may have their minds on the boiling trade war between Beijing and Washington with every twist and turn fanning fears that it could bring their plans for China to a screeching halt.But last week Beijing announced it will liberalise … [Read more...] about Beijing auto show opens in world’s largest market
CHICAGO: The American consumer returned in force to automobile showrooms in March, lifting an industry that had been plodding along in a post-sales boom hangover.The biggest players in the North American market all posted gains - some eye popping - compared to March 2017. Analysts expected the industry as a whole to report a two to three-percent sales increase.General Motors was up an unusually high 16 per cent, followed by Fiat Chrysler's 14 per cent sales jump. Ford rose 3.4 per cent and Toyota gained 3.5 per cent."March proved to be a lion for the domestic automakers, with double and even triple-digit sales increases posted for redesigned SUVs," Rebecca Lindland, executive analyst at Kelley Blue Book, said in prepared remarks.While trumpeting retail market share gains, GM announced it would stop the decades-old industry practice of announcing sales totals on a monthly basis, switching to quarterly reports instead.The car giant, accounting for 18 per cent of the North … [Read more...] about US auto sales spring to life in March
The Detroit Auto Show runs through Jan. 28. Automakers have put a lot of new pickup trucks and SUVs on the show floor. They’ve also rolled out some surprises. The 2018 North American International Auto Show (NAIAS), better known as the Detroit Auto Show, will run through Jan. 28 at the Cobo Center in downtown Motown. Detroit comes hot on the heels of CES this year and kicks off a 2018 that’s expected to see lower new-vehicle sales in the US than in the previous three booming years. But that hasn’t stopped automakers from showcasing their newest machines, especially pickups. Here’s all the cool shiny sheet metal on the show floor:Chevy debuted its all-new Silverado full-size pickup truck.Ford showcased its much-anticipated Ranger — a throwback nameplate and Ford’s entry into the revived company pickup segment.Fiat Chrysler Automobiles unveiled its new Ram 1500s, setting the stage for a … [Read more...] about Check out all the cool cars at the 2018 Detroit Auto Show