Top News:
- Trump Picks Unfortunate Time to Push for New U.S. Auto Factories – Bloomberg: President Donald Trump is asking U.S. automakers to invest in domestic manufacturing at a bad time. Car sales have gained for seven-straight years…
- Pressured by Trump, Mexico ready to discuss NAFTA rules in U.S. talks – Automotive News: Under pressure from President Donald Trump, Mexico is preparing to discuss changes to trade rules about a product’s country of origin to try to avoid a disruptive fight with the United States over commerce.
- 2018 Toyota Supra to be launched under Gazoo performance brand – Autocar: Toyota’s upcoming hybrid sports car will be the halo product of its newly launched performance division; more Gazoo hybrids will come later
- Ford GT confirmed with 647bhp and 216mph top speed – Autocar: Turbocharged 3.5-litre V6 engine also outputs 550lb ft of torque; GT is officially the fastest production Ford produced yet
- SUV Demand Helps Shield Maruti Suzuki From Worst of Cash Crunch – Bloomberg: Maruti Suzuki India Ltd. reported third-quarter profit climbed 47 percent as India’s biggest automaker increased its share of sales of sport utility…
- India’s Maruti Suzuki Q3 profit up 48 pct on sales of pricier cars – Reuters: … it to post a profit of 17.47 billion rupees, according to Thomson data.
- RPT-UPDATE 1-Peugeot returns to India with Birla manufacturing deal – Reuters: PSA, maker of Peugeot, Citroen and DS cars, said it will build cars in Tamil Nadu under an initial 100 million-euro ($107 million) joint venture …
- Hyundai Posts Profit Drop, Warns on Business Conditions – WSJ: Hyundai Motor posted its 12th straight year-over-year decline in quarterly profit on Wednesday, hurt by slowing demand in China and emerging markets, and fierce competition in the U.S. that pushed up its marketing costs.
- Hyundai Motor’s profit skids for a 12th quarter, sedan discounts drag – Reuters: The logo of Hyundai Motor is seen on a wheel of a car at a Hyundai dealership in Seoul February 1, 2012. REUTERS/Kim Hong-Ji/File …
- Japan exports up for first time in 15 months, US protectionism poses risks – Reuters: Japan’s exports rose for the first time in 15 months in December on strong sales of electronics and car parts, a positive sign for the export-reliant economy even as U.S. protectionism threatens to hurt trade across the region and dent external demand.
- Hyundai Motor Q4 profit skids 39 pct as steep discounts hurt – Reuters: Hyundai Motor on Wednesday posted a 39 percent drop in its quarterly net profit, missing a consensus forecast, hit by heavy discounts to sell their smaller sedans that are losing ground in South Korea and the United States.
- Donald Trump Pushes GM, Ford, and Fiat as Toyota Adds 400 Indiana Jobs – Fortune: U.S. President Donald Trump urged the chief executives of the Big Three U.S. automakers on Tuesday to build more cars in the country, pressing his…
- Trump administration tells EPA to cut climate page from website – sources – Reuters: U.S. President Donald Trump’s administration has instructed the Environmental Protection Agency to remove the climate change page from its website, two agency employees told , the latest move by the newly minted leadership to erase ex-President Barack Obama’s climate change initiatives.
- Big 3 Auto executives meet President Trump at the White House – Detroitnews: Ford CEO Mark Fields (R) speaks to the press with Fiat-Chrysler CEO Sergio Marchionne (C) and General Motors CEO Mary Barra following a…
- Abe Has a Trump Problem: How to Get Japan to Buy U.S. Cars – Bloomberg: Trump said on Monday that Japan does “things to us that make it impossible to sell cars in Japan, and yet, they sell cars into us and they come in like…
- Subaru hints at next-gen Crosstrek styling – Automotive News: The world has a better idea of what the next-gen Subaru Crosstrek will look like.
- Trump urges “big push” to build new auto plants – Reuters: In a meeting with automakers at the White House, U.S. President Donald Trump says the U.S. must have a very big push to build new auto plants in …