By Peter M. DeLorenzo Detroit. Ah yes, 2018, what a spectacular time to be in the automobile business. With the promise of new beginnings and untold profits dancing in "The New Visionaries'" heads, a Next Frontier marked by a horde of shiny happy zombie cars careening across the landscape, and a blissfully unaware populace with joker-like grins plastered on their faces as they revel in the mindless, pay-as-you-go un-involvement – what could possibly go wrong? Meanwhile the real-world market has been upended by actual paying customers and their insatiable desire for Crossovers, SUVs and Trucks, to the point that legacy auto companies like GM have been caught out of position and unprepared, forcing it to close underperforming plants and cut thousands of workers. GM blames the market conditions, but I place the blame squarely on management for their lack of planning and inability to anticipate where the market was going. Add to this chaotic situation the headlong rush of … [Read more...] about DIGITAL DISCIPLES, ZOMBIE CARS, AND ENOUGH DELUSION AND HUBRIS TO POWER THE NEW EMERALD AUTO CITY JUST OVER THE HILL. WHAT COULD POSSIBLY GO WRONG, BESIDES EVERYTHING? THAT’S RIGHT, IT’S TIME FOR THE AUTOEXTREMIST 2018 YEAR IN REVIEW!
New sales territory action plan
Phoebe Wall Howard Detroit Free Press Published 8:00 PM EDT Oct 23, 2018 In an attempt to breathe life into its underperforming operations in the largest car market in the world, Ford has named a new president and CEO of Ford China along with plans to break the China business away from its from Asia Pacific unit overall. “Success in China is critical as we reposition our global business for long-term success,” Ford CEO Jim Hackett said in a prepared statement. “With today’s actions, we are strengthening our commitment to the China market and reorganizing our international markets to strengthen their performance.” Ford China, under the direction of veteran auto executive Anning Chen, will report directly to Ford global headquarters in Dearborn. The news was announced in China at 8 p.m. Detroit time Tuesday in the U.S. and 8 a.m. Wednesday in Shanghai. By making Ford China a stand-alone business unit, Ford is hoping to accelerate … [Read more...] about Ford separates Ford China, names new leader
Ian Thibodeau The Detroit News Published 8:00 PM EDT Oct 23, 2018 Ford Motor Co. is creating a new business unit for its operations in China — and will appoint a Chinese national as the president and CEO starting Nov. 1, the automaker announced Tuesday. Anning Chen will take the helm of Ford China after nearly a 10-month search. The Blue Oval's last CEO there, Jason Luo, resigned in January after only six months, citing unspecified "personal reasons that predate his time at Ford." Peter Fleet, president of Ford's Asia Pacific operations, assumed the CEO responsibilities for the last 10 months. Fleet will oversee a new International Markets business unit comprised of Ford's Asia Pacific businesses outside of China, the company said Tuesday. All business in China will now fall under Ford China, and Chen, 57, will report to Jim Farley, Ford president of global markets. Chen's hiring comes as CEO Jim Hackett pushes his executive team to grow … [Read more...] about Ford appoints new CEO in China, creates Ford China unit
BEIJING (Reuters) - Ford Motor (F.N) said on Wednesday it will launch in China early next year a new “entry-level” sport utility vehicle developed jointly with a local partner, as the U.S. automaker attempts to revive its slumping business in the world’s biggest auto market. FILE PHOTO: A Ford logo is pictured at a car dealership in Monterrey, Mexico, November 9, 2016. REUTERS/Daniel Becerril/File Photo The Ford Territory, developed with Jiangling Motors Corp (JMC) (000550.SZ) and available in three powertrain choices including a plug-in hybrid version, is intended to close a gap in its China strategy. The new SUV is one of the 50 new or redesigned vehicles Ford has said it plans to launch in China starting this year and through 2025, which include the redesigned Ford Focus car due to hit showrooms later this year. It will make it possible for Ford to compete with indigenous Chinese automakers such as Geely [GEELY.UL] and Great Wall Motor (601633.SS) that … [Read more...] about Ford to launch new basic SUV as part of China revival effort
The Seneca Nation has long had a contentious relationship with the state of New York over a tiny stretch of the New York State Thruway south of Buffalo, since part of it runs through tribal territory. The latest (potential) dispute? An off-ramp that or may not be in the process of being built by a tribe member, leading to his smoke shop. The person doing the construction work was identified as Eric White, a Seneca and the owner of Big Indian Smoke Shop in Irving, New York. White and other Senecas have been doing battle with New York state for years over cigarette taxes, which the state has said the Senecas have illegally avoided paying, while tribe members say that, as a sovereign nation, they have no obligation to pay. As one tribe member put it to The New York Times in 2011: “It could be cigarettes today; it was beaver pelts 300 years ago,” the Seneca president, Robert Odawi Porter, said in an interview. “What we have to defend is the principle: that the State of … [Read more...] about A Guy Might Be Building His Own Ramp Off The New York State Thruway