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CNN (July 2)

2018/ 07/ 04 by jd in Global News

“Every US-made car is an import,” which means US automakers could get stung bad by tariffs. According to a measure used by regulators, “the two most ‘American’ cars are both Hondas—the Odyssey minivan and Ridgeline pickup,” each of which boast about 75% of components made in the US or Canada. “The Honda Civic, Acura MDX, Acura TLX and the Mercedes C-class source 70% from the United States and Canada. The highest-ranked car made by a Detroit automaker is the Chevrolet Corvette, which placed seventh” at about 65%. GM has already warned that “tariffs could force the company to cut jobs at US plants due to an expected drop in sales associated with higher prices.”

 

Wall Street Journal (January 7)

2017/ 01/ 09 by jd in Global News

“Does Donald Trump understand business?” He might know real estate and branding, “but the President-elect’s Twitter assaults on auto companies make us wonder if he understands cross-border supply chains, relative business costs, regulatory mandates, or anything else about building and selling modern cars and trucks.”

 

Institutional Investor (April 10)

2016/ 04/ 11 by jd in Global News

“Despite a turbulent few years…. the auto industry retains its role as a bellwether of the global economy. Thus, recent findings that environmental factors are increasingly shaping the future prospects for many automakers will have profound implications for investors.” Increasingly those car makers taking “climate factors the most seriously are the best set for future growth.” Investors should take note that “policy responses to climate change are driving technological disruption that will have serious investment implications across many sectors.”

 

Bloomberg (December 22)

2015/ 12/ 23 by jd in Global News

Rather than a battle to the death between “lumbering” automakers and disruptive Silicon Valley, the deal between Google and Ford proves “that Detroit and Silicon Valley are increasingly likely to collaborate rather than compete” to realize autonomous vehicles. Ford’s decision to collaborate “may accelerate the decline of the traditional industry, but by taking an early seat at the table right next to Google, the firm has secured a position of relevance in the new mobility paradigm.”

 

Bloomberg (August 25)

2015/ 08/ 26 by jd in Global News

Despite China’s promising long-term fundamentals, global automakers are facing “an oversupply time bomb” as China’s economy cools. Already, some import car dealers are holding nearly 150 days of supply. “If cutthroat competition for volume sales persists, exacerbated by weakness in the other once-promising BRICS markets, automakers could be headed toward a massive pileup in China.”

 

New York Times (August 9)

2015/ 08/ 10 by jd in Global News

“It’s important that regulators develop security rules for cars, which are becoming computers on wheels.” In the U.S., the National Highway Traffic Safety Administration should “start writing basic security standards that require automakers to test the software and make sure a car’s wireless system cannot be used to control the engine and brakes. The agency’s regulations on airbags, seatbelts and crash testing have helped save countless lives. New rules for software that operate cars could prove just as important.”

 

Chicago Tribune (February 18, 2014)

2014/ 02/ 19 by jd in Global News

“Automakers have outfitted their vehicles with cutting-edge technology that goes way beyond the now-common mapping and music options. New cars these days act like smartphones on wheels.” While some new features improve safety, others create dangerous distraction. “Like so much of the digital world, car-borne technology is changing fast. Government watchdogs and corporate innovators should work together to accelerate progress, while keeping motorists safe.”

 

Financial Times (October 25)

2013/ 10/ 26 by jd in Global News

“A painful and protracted hangover from the financial crisis has slashed demand for cars in Europe, forcing mainstream manufacturers to close factories, lay off workers and fill their financial statements with red ink.” Despite these measures, however, the industry is still struggling with overcapacity, compelling many global automakers to subsidize European losses with sales elsewhere. Providing a glimmer of optimism for Europe, however, Ford “called the bottom of the disastrous market slump on Thursday, the first carmaker confident enough to turn tentative hopes into official profit guidance and draw a financial line under six years of falling sales.”

 

Wall Street Journal (November 9)

2012/ 11/ 11 by jd in Global News

Amidst concern over the ongoing diplomatic dispute between Japan and China, “a dose of realism is in order about what the China market does and doesn’t mean to Japanese automakers…. To the extent a Chinese boycott is further depressing Japanese auto sales, of course it will hurt the carmakers’ bottom lines in a significant way. But it turns out China is simply an important market, not a uniquely important market.”

 

The Economist (October 24)

2012/ 10/ 27 by jd in Global News

There’s no end in sight to Europe’s “carmaking crisis.” Sales have fallen for 5 straight years in the EU. In September, year-on-year sales were down 11% across the EU, 18% in France, 26% in Italy and 37% in Spain. “Britain was the only significant market to enjoy a small rise.” With production capacity of 17 million cars a year, and current demand around 13 million units, “the overcapacity is glaring.”

 

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