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
Japanese partners year of make
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.
Subaru of America is fresh off its best U.S. sales year.Its lineup is anchored by three all-wheel-drive crossovers that remain in strong demand, and the brand has achieved 74 consecutive months of year-over-year sales increases.This year, with a flowing pipeline of fresh products headed to retailers, including its largest model ever, the three-row Ascent, Subaru anticipates it will chalk up still another record sales year in the United States.That hasn't always been the narrative for Subaru, a car brand created by the Japanese industrial conglomerate formerly known as Fuji Heavy Industries.This month, as the automaker marks its 50th anniversary of selling vehicles in the U.S., Subaru of America officials and people who shaped today's business over the last few decades remark that success has been a long, and occasionally bumpy, road.Since its start here in 1968 as an importer of a quirky microcar called the 360, Subaru has fought — and usually won — a slew of uphill battles … [Read more...] about Underdog Subaru celebrates 50 years in the U.S.
Minda is now the second billionaire in the domestic component industry after Motherson Sumi's V C Sehgal, whose family holds 63.10 per cent stake in the company, valued at Rs 504 billion (based on Wednesday's closing stock price). Minda Industries – a component maker catering to cars, two-wheelers, tractors, and commercial vehicles – is also the fourth-most valued Indian auto component maker with a market cap of Rs 110 billion behind Motherson (Rs 799 billion), Bosch (Rs 605 billion), and Wabco India (Rs 143 billion). Incidentally, sixty-year-old Minda is a year younger to the business, which was founded by his father Shadi Lal Minda in 1958. The one-plant unit was catering to the aftermarket and it gradually found customers such as Hindustan Motors, Fiat, Ashok Leyland, and Bajaj Auto. The annual business revenue was around Rs 0.7 million, recalls Minda, the company's chairman and managing director. Minda joined his father's business at the age of seventeen, in 1974. … [Read more...] about 300% rise in one year! The Gurgaon firm promoter who became a billionaire