Sections SEARCH Skip to content Skip to site index Business Day Subscribe Log In Subscribe Log In Advertisement Supported by ByNeal E. Boudette April 24, 2018 DEARBORN, Mich. — When Jim Hackett took over as chief executive of Ford Motor, he was charged with revitalizing a company suffering from slumping profits, rising costs and an uncertain outlook. In the 11 months since then, Mr. Hackett has shuffled Ford’s executive ranks and outlined plans to introduce new sport-utility vehicles and electric cars. Other steps in his strategy, however, have been slow in coming. New models — including updated Escape and Explorer S.U.V.s — are on the way, but most won’t begin arriving until the second half of 2019. The company’s stock price is still lagging. And while Mr. Hackett has vowed to cut engineering costs and improve Ford’s “fitness,” he has yet to specify how he’ll do that, what … [Read more...] about Ford Changed Leaders, Looking for a Lift. It’s Still Looking.
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In 2017, car dealers across the country experienced something they hadn’t experienced in a decade — a year without sales growth. The decline was ever so slight, thanks largely to a couple of bad hombres named Irma and Harvey, but it was a bit of a challenge for dealers who were used to consistent improvement year-over-year since the Great Recession. As such, dealers and automakers are more concerned than ever about consumer shopping behavior, because all of the predictions for 2018 indicate a continued decline for new car sales in the U.S.Dealers are no longer content simply to throw their inventory up on a third-party listing site, hoping to win your click. They’ve paid millions of dollars to collect unstructured data, track your online behavior, and enter your name into customer relationship management systems.Today, I’m going to walk you through the way that the industry thinks you shop for cars, and you can tell me if they’re right.Everybody from … [Read more...] about Bark’s Bites: The Car Buyer’s Path
Remember the Jaguar X-Type? If not, don’t worry – Jaguar is probably glad that you’ve erased the mediocre sedan from your memory. And it appears that Jag is now ready for a second go around at a front-wheel drive car. With new Corporate Average Fuel Economy (CAFE) standards looming in 2016, Jaguar is speeding up development on a new front-wheel drive small car. According to Autocar, the baby Jag should launch by 2015, just in time to help the automaker meet the 2016 CAFE requirement of 35.5 mpg. Additionally, the new Jag will be another player in the growing premium compact-car segment. Mercedes-Benz is set to debut an all new front-drive A-Class and BMW is following suit with a new 1-Series sedan (the current rear-drive 1 Series coupe will likely become the 2 Series). Autocar reports that the baby Jag will be powered by a number of new small and fuel-efficient engines including a 1.5-liter three-cylinder and a number of four cylinder gas and diesel options. And to … [Read more...] about We Hear: Front-Wheel Drive, Baby Jaguar in the Works
The midnight of every fortnight always tends to hit Indian motorists’ wallets, more so as global crude oil prices have been on the boil since the past year. As January 15, 2016 turned into January 16, the price of petrol in India rose by Rs 0.42 a litre and diesel by Rs 1.03 a litre, the second price hike this year. In its official statement, oil marketing company Indian Oil Corporation said, “The current level of international product prices of petrol and diesel and the Indian rupees versus US dollar exchange rate warrant an increase in the selling price of petrol and diesel, the impact of which is being passed on to the consumers with this price revision. The movement of prices in the international oil market and the Indian rupee to US dollar exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes.” With the latest change, a litre of petrol costs Rs 77.46 in Mumbai, Rs 71.14 in Delhi, … [Read more...] about Petrol turns dearer by Rs 12 a litre, diesel by Rs 15 over the past year
Warning: the information and images on the following pages might antagonize you to no end. As you read about the most anticipated cars of the next four years, you might become frustrated by wanting what you can’t yet have. Just remember — good things come to those who wait. For now, dig in to the details, the spy photos, the informed illustrations, and the future-teasing concepts of our annual Sneak Preview. Thanks to our probing questions and well-placed sources, there’s plenty to dream about. ALFA ROMEO Alfa’s U.S. return is still under review, so while we wait for word from Signore Marchionne, we can only dream about a few of our favorite Italian beauties. MiTo: It may not be as cute as the MINI Cooper, but the Alfa hatchback exudes style that’s unique not only in the subcompact segment but also in the American market. The range-topping 1.4-liter turbo four-cylinder makes 170 hp. 2uettottanta: Designed by Pininfarina and exhibited at the Geneva auto … [Read more...] about 2010 Sneak Preview
Welcome to CAR's news aggregator as we round up the seismic change in the auto industry. Top tip: news summaries are added from the top hour-by-hour Monday 30 November 2009• Saab's future is likely to become clearer tomorrow when the GM board meets in Detroit. It will have to decide whether to seek a new buyer or put Saab into liquidation (Financial Times)• Don't rule out an eastern bid for Saab: Beijing Automotive is still interested in buying the Swedish car maker despite its joint bid with Koenigsegg hitting the rocks, reports Automotive News. When asked of BAIC's chances, general manager Wang Dazong today told reporters 'stay tuned' (Automotive News, subscription required)• Rising Jaguar Land Rover sales buoyed Tata Motors' latest results; although JLR lost a net £60 million in the quarter from July to September 2009, it was much lower than the £240m loss a year earlier. Tata hailed the JLR improvement as the highlight of the quarter, as it announced a … [Read more...] about Crunch watch Nov 09: the auto industry in crisis
Wednesday 31 December 2008• GMAC, GM's finance arm, said it would immediately revise its criteria for providing loans, after the US government bail-out of the General's credit arm. It will now supply credit for anyone with a score of 621 or more on the Fico scale, the scale used to assess Amercian customers' creditworthiness (Financial Times)• The news means that 80% of US consumers would now qualify for a loan from GMAC – which should improve sales in the depressed US market (Detroit News)• Chrysler is being lambasted for taking out full-page adverts in the American national press thanking the nation for supporting its auto industry. But critics point out this is a fresh waste of bail-out resources, as pages in the Wall Street Journal – one of the titles in which the ad ran – reportedly cost up to $264,000. Note to CAR's commercial people – we should learn from these rates! (Autoblog)• BBC Two's Top Gear television … [Read more...] about Crunch watch Dec 08: the auto industry in crisis
We made a huge mistake with our “SAIC may buy GM” story. We paid for our sins. The story created so much traffic that it literally melted two servers. TTAC’s China Syndrome. As you are painfully aware, TTAC was out of commission several times yesterday. A day after the story broke, the story broke our servers. Hit counters for all stories are currently SNAFU; they just gave up and went home. A huge amount of traffic keeps pouring in from China. And no wonder: a Chinese search for the same story produces 76,500 hits. If we’d run this story a few months ago, a wagon would have pulled up outside of TTAC World Headquarters, and they would have taken us away in straitjackets and a Thorazine drip in our veins. Now, a lot of people think GM is crazy for not doing the deal. A Connecticut hedge fund manager, who we reached for comment, looked at the screen, said “Ugh, the market is ugly.” When prodded to focus on GM and SAIC, he said: “If I’d be … [Read more...] about Editorial: China Could Buy 433 General Motors With Their T Bills Alone
President Obama paid his outstanding union dues and slapped a 35 percent punitive tariff on Chinese car and light truck tires exported to the USA. The new duty will take effect on September 26 and comes in addition to an existing 4 percent duty, Reuters reports. Everybody, except for the United Steelworkers, agrees that this is one of the most boneheaded decisions of the new administration.No American tire manufacturer supported the case. Cooper Tire even publicly opposed it. No wonder: US tire companies are the biggest offenders (in the eyes of the United Steelworkers), having moved most if not all of their budget segment tire production to low labor cost overseas sites. Chinese tires are not in the USA because China wants to rape and pillage the market. Chinese tires are here, because US tire companies set up joint ventures in China to make what the market demands: Tires for less.China is not the only exporter of budget tires to the USA. According to the Wall Street Journal, 43 … [Read more...] about Editorial: Trade War Watch 1: Yes, We Can Start a Trade War
What a difference a few years make.Perhaps you’re old enough to remember when scientists warned us about an impending ice age. Today, climate change concerns have to do with global warming.Just a few years ago, “peak oil” — the theory of terminal decline once we’ve reached the maximum extraction rate from known petroleum reserves — was popular. A couple of recent perspectives, however, indicate that we may not hit peak oil production and consumption for the foreseeable future — and that the price of oil may actually go down long-term.Perhaps ironically, part of the predicted future glut of oil will be due to embracing electric cars. Back in February, Tom Randall of Bloomberg published a lengthy analysis of the sales growth of hybrid and electric cars. He concluded that while EVs don’t make up much of the global automotive fleet today, sales are increasing at double-digit percentages annually and eventually EVs will add up … [Read more...] about Will EV Sales Growth and Global Spread of Fracking Keep Oil Cheap Forever?