For executives at Detroit’s Big Three auto makers, the prospect of tariffs on Mexican imports has been the most worrisome of the trade threats leveled by
Mr. Trump during his presidency. Mexico-built cars accounted for 17% of Detroit auto makers’ overall U.S. sales in 2018, including some of the industry’s...
Source: News Formal (newsformal.com)
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Fiat Chrysler, Renault in Talks for Wide-Ranging Tie-UpFiat Chrysler Automobiles and Renault are in talks for a wide-ranging tie-up that could include joining large portions of their businesses, a move that could reshape the European auto industry. Here we go again. Daimler, Cerberus, Fiat. We have a surplus, they bleed us, they close plants then sell us.
Source: WSJ - 🏆 98. / 63 Read more »
Auto industry cutting jobs at the fastest pace since the financial crisisAuto makers are laying off employees at the fastest pace since the financial crisis, according to outplacement services company Challenger, Gray &... not enough can afford to buy new cars and Trump's taxes hurt many folks who might traditionally buy a new car with their tax returns... plus the tariffs... sightbeyonds I knew this was going to happen! With the tariffs on top of this, shit is going to get real.
Source: MarketWatch - 🏆 3. / 97 Read more »
Fiat Chrysler, Renault merger could herald more auto-industry consolidationThe proposed merger between Fiat Chrysler Automobiles NV and Renault SA would drive a “much needed” wave of consolidation among auto makers, analysts at...
Source: MarketWatch - 🏆 3. / 97 Read more »
U.S. auto sales seen slipping 2.1% in May: J.D. Power, LMC AutomotiveU.S. auto sales are expected to drop 2.1% in May from the year-ago period, as hi... Cuz our cars is teh suxzor. Trump bump
Source: Reuters - 🏆 2. / 97 Read more »
Softer auto sales means Memorial Day weekend comes with deals for car shoppersWhile the holiday generally marks a big sales push, this year it comes as cars are sitting on dealer lots longer before getting sold.
Source: CNBC - 🏆 12. / 72 Read more »
Fiat proposes merger with Renault in latest auto industry joltThe merger would create the world’s third-biggest carmaker as manufacturers scramble for scale to tackle an expensive shift to electrification and autonomous driving. So, will the new company be called 'Fault'? Sounds about right for Italian cars. Good information
Source: latimes - 🏆 11. / 82 Read more »
Adjudicator says any security defense of U.S. auto tariffs at WTO 'very difficult'The United States will find it 'very difficult' to defend President&0... Most important. Thanks God somebody pays attention. It was always bullshit. Security defense for trump votes. Every thing he does is designed to benefit him. You ? ...... inconsequential Trump is acting like an ancient Mongolian Emperor. He is calling in Tribute and threatening destruction if any resist.
Source: Reuters - 🏆 2. / 97 Read more »
Fiat Chrysler proposes Renault merger in auto industry shake-upRenault is considering a merger with Fiat Chrysler, a deal that would reshape the global auto industry and help the carmakers compete in the race for electric and self-driving vehicles. Considering history, wouldn’t be the first time Chrysler ate Renault Too many cars chasing too few customers in a business that’s ultimately in a slow but consistent decline. The ultimate waste makers 😐 Terrible quality cars 👎🏼
Source: cnnbrk - 🏆 393. / 55 Read more »
Fiat Chrysler and Renault pursue $35 billion merger to tackle car sector challengesTo confront technological and regulatory challenges in the auto sector, Fiat Chrysler pitches a $35 billion merger to Renault Nguyễn Tiến Nghiệp chỉ biết ra lệnh Y'know, I was just looking at cars last night. Passively browsing. I just wasn't inspired by anything anyone was offering.
Source: Reuters - 🏆 2. / 97 Read more »
Fiat Chrysler presents plan for merger with RenaultThe Italian-US carmaker 'has today delivered a non-binding letter to the Board of Groupe Renault proposing a combination of their respective businesses as a 50/50 merger', statement says.
Source: trtworld - 🏆 101. / 63 Read more »
Trump digs at Japan for 'substantial' trade advantage and calls for more investment in USThe president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.
Source: CNBC - 🏆 12. / 72 Read more »