WASHINGTON — At the halfway mark of President Donald Trump's term, the auto industry is still coming to terms with the costs of two years of roller-coaster trade policy.And more turmoil is expected in 2019 as Trump tries to make good on campaign promises to reduce bilateral trade deficits and stimulate domestic manufacturing by restricting or punishing imports.Many automakers and suppliers were once dismissive of Trump's campaign threats to unwind NAFTA and impose more tariffs, reasoning that business-friendly advisers and industry executives would prevail upon him to moderate his stands. Instead, the sector faced a tumultuous trade environment starting with the administration's first week, when Trump withdrew the U.S. from the 12-nation Trans-Pacific Partnership, which was seen as a way to check China's power.Since then, his team forced Mexico and Canada into a NAFTA rewrite, renegotiated a 2012 free-trade deal with Korea, engaged in a tit-for-tat tariff war with China, imposed … [Read more...] about Two years of trade tumult, and more on the horizon
Japanese partners year of make
You’d be hard pressed to think up a ‘rags to riches’ story more compelling than the rise of Subaru. Let’s not forget that as recently as the late ’80s, a tiny span of time in the grand scheme of things, certainly in car manufacturer terms, Subaru was a little known car maker, certainly on this side of the Atlantic. Those that were aware of Subaru tended to be farmers and others that made that made their living off the land, and they tended to buy Subarus due to their reputation for toughness, reliability, and the fact that all its models – from the Justy to the Legacy – came with permanent four-wheel drive. The 1990s changed everything though, and by the end of the decade a firm that had done steady, unspectacular business for its entire existence had completely changed its image: the success of the Impreza on the WRC stage, the signing of Colin McRae and Richard Burns, and the launch of a slew of homologation specials and special editions, … [Read more...] about The Greatest Subarus Of All Time
Sections SEARCH Skip to content Skip to site index Politics Subscribe Log In Subscribe Log In Advertisement Supported by ByAna Swanson July 12, 2018 DETROIT — China’s flag flies high above Henniges Automotive, alongside those of Germany, Mexico, Canada and other nations, reflecting the global nature of Michigan’s auto industry and, increasingly, its reliance on Beijing. Henniges, which produces sealing products for cars, was bought in 2015 by the Aviation Industry Corporation of China, a state-owned company that has snapped up other investments in the Detroit area, including the automotive supplier Nexteer, which sits just across Interstate 75 from Henniges. Over the past several years, Beijing has steadily pumped billions of dollars’ worth of investment into Michigan, buying crumbling factories, building new ones and supporting more than 10,000 jobs in the state. But where Michigan sees an economic partner, … [Read more...] about Trump’s Trade War With China Pierces the Heart of Michigan
While GTE Am may be the lowest class of the 2018 24 Hours of Le Mans, it is by no means the least competitive. With six Porsche 911 RSRs, five Ferrari 488 GTEs and two Aston Martin Vantages the machinery in action doesn’t hang around. To say the class could be won by any of the cars listed below could be seen as a cop out, but it is a tough choice to make. Ultimately The Proton Competition cars are most likely to be the fastest of the Porsche’s as they bring their experience. While the Risi Competizione name may not be hanging over the garages this year, the team will still be there under the Keating Motorsport banner, while all of the Ferrari entrants are strong, it is likely to be this car or the JMW Motorsport Ferrari that leads the way. The Aston Martin’s are tried and tested, but they are the oldest cars in the class, hopefully this wont hamper their progress, if they are on the pace we could see three different manufacturers on the podium. Without … [Read more...] about PREVIEW: 2018 24 hours of Le Mans – GTE Am class
By Peter M. DeLorenzoDetroit. Needless to say, I have been inundated with emails from readers and others awaiting my take on Sergio Marchionne’s latest plan for FCA. And even though it will disappoint some, my comments will be brief. For starters, it is plainly obvious that FCA is no longer, it is now JARM (for Jeep, Alfa Romeo, Ram and Maserati). The reason Fiat, Dodge and Chrysler weren’t mentioned during the press event is that those divisions are simply going to cease to exist here. Yes, the minivan will survive, and the True Believers in Auburn Hills will churn out muscle cars as long as that plan is sustainable (which isn’t long), but Chrysler will fade away and the Fiat brand will be confined to the markets where it has a chance. (As if the Fiat dealers here in the U.S. need to be reminded, the brand never should have been brought here in the first place, and it cost them dearly because they bought into Sergio’s charade hook, … [Read more...] about THE AUTOEXTREMIST BRAND IMAGE METER VII: THE TRIFECTA OF NOT GOOD EDITION.