Auto Industry en Germany drags on electric cars <p> BERLIN &mdash; Germany, despite its environmental proclivities and cutting-edge auto industry, has lagged behind other countries when it comes to the electric car.</p> <p><a href="" target="_blank">read more</a></p> Angela Merkel Auto Industry Business Green Energy Europe Germany Japan Technology Fri, 20 May 2011 10:04:00 +0000 David Wroe 5645981 at Honda recalls 1.5 million vehicles over transmission problem <p> The automatic transmission problem could cause a misalignment of the gear shaft and the vehicle&rsquo;s engine could stall, the company said.</p> <p><a href="" target="_blank">read more</a></p> Auto Industry Business Canada China Japan United States Fri, 05 Aug 2011 22:57:35 +0000 News Desk 5672533 at Saab's sob story <p> STOCKHOLM &mdash; Saab&rsquo;s sad story is a black spot in Sweden&rsquo;s otherwise robust recovery.</p> <p><a href="" target="_blank">read more</a></p> Auto Industry Sweden Business Europe Global Economy Tue, 16 Aug 2011 10:40:43 +0000 Frank Radosevich 5673184 at US-China: Hints of a trade war? <div class="field field-type-text field-field-subhead"> <div class="field-items"> <div class="field-item odd"> China will impose punitive duties of up to 22 percent on large cars and SUVs exported from the US. </div> </div> </div> <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomas Mucha </div> </div> </div> <!--paging_filter--><p> This is not what the fragile global economy needs right now. And it&#39;s certainly not what fragile Detroit needs, either.&nbsp;</p> <p> China&#39;s Commerce Ministry today said that it is imposing tariffs on&nbsp;large cars and SUVs exported from the United States.</p> <p> Those duties could be as much as 22 percent, <a href="" target="_blank">Reuters reported</a>. And they will be tacked on to an existing 25 percent tariff that&#39;s imposed on US auto exports in China.</p> <p> Reaction by US lawmakers has been, not surprisingly, swift:</p> <p> &quot;China relentlessly breaks international trade rules and seeks to gain an anti-competitive advantage over our companies and workers. America must be equally relentless in fighting back,&quot; said Sen. Debbie Stabenow, who represents Michigan.</p> <p> Stabenow wants <a href="" target="_blank">the USTR</a>&nbsp;to take action. Four US House of Representative members agree, and called Beijing&#39;s move&nbsp;&quot;unjustifiable&quot; and &quot;one more instance of impermissible Chinese retaliation against the United States and other trading partners,&quot; according to Reuters.</p> <p> This latest trade mash-up comes at a particularly bad time for Detroit as US automakers have been aggressively targeting China, the world&#39;s biggest market for autos.</p> <p> <strong>More from Thomas Mucha: <a href="" target="_blank">Can China save General Motors?</a></strong></p> <p> But auto sales in China have slowed dramatically, so Beijing is stepping in to protect its homegrown industry.</p> <blockquote><p> &ldquo;The move shows that China is always capable of intervening politically in its markets,&rdquo; Urgent Pepper, an analyst with Bankhaus Metzler <a href="" target="_blank">told Bloomberg</a>. &ldquo;The automobile industry is very dependent on China for growth, and there&#39;s doubts about the pace of future expansion.&rdquo;</p> </blockquote> <p> Today&#39;s spat is also part of a longer-running auto trade fight between the world&#39;s two largest economies.</p> <p><a href="" target="_blank">read more</a></p> Auto Industry China Detroit US Economy Business Politics Global Economy Macro Wed, 14 Dec 2011 22:18:00 +0000 Thomas Mucha 5684299 at Detroit revs up auto sales <div class="field field-type-text field-field-subhead"> <div class="field-items"> <div class="field-item odd"> The auto industry has just logged its best sales year since 2008. Next year looks good, too. </div> </div> </div> <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomas Mucha </div> </div> </div> <!--paging_filter--><p> 2011 has been <a href="" target="_blank">the best year for the auto industry since 2008</a>, and analysts are optimistic that 2012 will be even better.</p> <p> According to J.D. Power and Associates, total sales will reach 12.7 million vehicles in 2011 and 13.8 million next year, <a href="" target="_blank">USA Today reported</a>.</p> <p> Chrysler has been especially strong this month. So, too, have Hyundai and Kia. All three posted sales gains of more than 30 percent in December, according to TrueCar.</p> <p> That trend has held for much of 2011.&nbsp;</p> <p> &ldquo;December&rsquo;s sales rate was a continuation of the rather slow and steady recovery that now symbolizes 2011,&rdquo; Jesse Toprak, Vice President of Industry Trends and Insights for <a href="" target="_blank">said in a statement</a>.</p> <p><a href="" target="_blank">read more</a></p> Auto Industry Detroit Business Macro Wed, 28 Dec 2011 21:00:00 +0000 Thomas Mucha 5685334 at US auto industry expects profits in 2012 <p> At this week&#39;s Detroit auto show, experts say the American auto industry is on the road to recovery</p> <p><a href="" target="_blank">read more</a></p> 2012 Auto Industry Detroit Global Economic Crisis US Economy China Global Economy Japan United States Mon, 09 Jan 2012 21:15:00 +0000 Jennifer Mattson 5686548 at Canadian ambassador to China's official car mocked on Chinese internet <div class="field field-type-text field-field-subhead"> <div class="field-items"> <div class="field-item odd"> The Canadian ambassador to China's official car — a Toyota Camry hybrid — stands out in a sea of Audi A6s, the vehicle of choice for Chinese government officials. </div> </div> </div> <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> News Desk </div> </div> </div> <!--paging_filter--><p> In Beijing, official government vehicles tend towards the ubiquitous black Audi A6 &mdash; the classic Chinese bureaucrat car &mdash;&nbsp;or perhaps BMWs and Mercedes, all with tinted windows and aggressive personal drivers forcing through way through the gridlock.</p> <p> The Canadian ambassador to China has turned heads with his official car for a different reason, <a href="">according to The Globe and Mail newspaper</a>.&nbsp;</p> <p> When David Mulroney posted photos of his silver Toyota Camry hybrid on <a href="">the Canadian embassy&#39;s official Weibo microblog</a> (the Chinese equivalent of Twitter), &quot;the reaction from the Chinese Internet was something close to shock. Especially when he explained that even cabinet ministers in Canada only have a budget of $32,400 for their official car,&quot; the Globe said.</p> <p> According to the Globe, one Weibo user commented (using Mulroney&#39;s Chinese name, Ma Dawei): &ldquo;Ambassador Ma, a Chinese mid-level cadre wouldn&rsquo;t lay an eye on your car!&rdquo;</p> <p> <strong>More from GlobalPost:&nbsp;<a href="">Canadians abroad ply their embassies with weird questions</a></strong></p> <p> Mulroney explained on Weibo that in Canada, only minister or deputy minister-level officials have government-subsidized vehicles.</p> <p> &quot;I provided the information because we get a lot of questions about how we operate at the embassy, what rules govern our work, and how much money we spend. This information is all readily available to Canadians who ask,&quot; <a href=";tabmoduleid=94&amp;articleId=687802&amp;moduleId=405&amp;PortalID=0">he told Global Times</a>, a state-run newspaper.</p> <p><a href="" target="_blank">read more</a></p> Auto Industry Internet Diplomacy Canada China Weird Wide Web Wed, 01 Feb 2012 13:05:00 +0000 News Desk 5689774 at Why Chrysler’s makeover is far from finished <p class="textBodyBlack" style="line-height: 20px;"><span style="line-height: 20px;">In the world of auto plant openings, platitudes from union leaders, government officials and other dignitaries is part of the routine script.</span> So when Chrysler announced its latest investment (and plan to hire 1,250 workers) in Detroit Thursday the comments from UAW leader General Holiefield struck me as out of the ordinary. Holiefield lauded Chrysler CEO Sergio Marchionne for the turnaround he has overseen with the smallest of the Big 3. But Holiefied went beyond the usual congratulations. He praised Marchionne as the type of auto executive who follows through on his word and wants a genuine partnership with the United Auto Workers.</p> <p><a href="" target="_blank">read more</a></p> Auto Industry Companies Fri, 16 Nov 2012 21:16:23 +0000 Phil LeBeau, CNBC 5726308 at Why Chinese buyers love Buick <p>The heyday of Buick on American roads is long gone, but the brand is far from dead. In fact, business is booming &mdash; just not in the US.</p> <p><a href="" target="_blank">read more</a></p> Auto Industry Companies Travel/Tourism Want to Know China United States Tue, 23 Apr 2013 17:42:41 +0000 Alex Davies, Business Insider 5823380 at Can US carmakers compete with the Germans? <p>BERLIN &mdash; Opening with a gala this weekend in bankrupt Detroit, the North American International Auto show will be all glitz and glamour as ultra-expensive luxury sedans and high-performance sports cars compete against fashion models for media attention. But the real news will be in the boring old bread-and-butter &ldquo;value segment,&rdquo; where the competition promises to be stiffer than ever thanks to developments across the Atlantic.</p> <p><a href="" target="_blank">read more</a></p> Auto Industry Want to Know Germany Global Economy United States Fri, 10 Jan 2014 21:05:00 +0000 Jason Overdorf 6040267 at