(Reuters) – Heavy discounts of up to $16,000 per vehicle are fueling a “truck war” among full-size pickups sold in the United States by the Detroit Three, a Reuters analysis shows. Strong U.S. sales this year of the highly profitable big trucks have helped offset lagging passenger car sales. But it is not clear how… Continue reading Heavy factory, dealer discounts fuel US truck price war
Tag: Possible_Terrorism_Warfare
It’s Trump Against the World in Any Trade War
LISTEN TO ARTICLE SHARE THIS ARTICLE Want to receive this post in your inbox every morning? Sign up for the Balance of Power newsletter, and follow Bloomberg Politics on Twitter and Facebook for more. Time is slipping away to avoid a full-blown trade war. U.S. President Donald Trump heads to Quebec this week for a Group of Seven summit, where he’ll meet the leaders… Continue reading It’s Trump Against the World in Any Trade War
Michelin goes to war against planned obsolescence
At the end of the track, all four vehicles are ready. If they look identical at first sight, in reality, they are not quite. Two of them are equipped with “premium” tires (graded A), and the two others with “budget” tires, of lower quality (graded C). And for each of the two categories, one set… Continue reading Michelin goes to war against planned obsolescence
UPDATE 4-Marchionne ramps up SUVs as prepares to hand over Fiat Chrysler wheel
BALOCCO, Italy (Reuters) – Fiat Chrysler’s (FCHA.MI) departing Chief Executive Sergio Marchionne delivered a plan on Friday to ramp up sport utility vehicles and invest 9 billion euros ($10.5 billion) in electric and hybrid cars in a bid to double operating profit by 2022. FILE PHOTO: 2015 Jeep Grand Cherokee are exhibited on a car… Continue reading UPDATE 4-Marchionne ramps up SUVs as prepares to hand over Fiat Chrysler wheel
UPDATE 2-Marchionne leaves Fiat Chrysler debt free as prepares to hand over wheel
BALOCCO, Italy (Reuters) – Fiat Chrysler’s (FCHA.MI) Sergio Marchionne laid out his final strategic vision as chief executive on Friday with a focus on sport utility vehicles and a 9 billion euro ($10.5 billion)investment plan for electric and hybrid cars. FILE PHOTO: 2015 Jeep Grand Cherokee are exhibited on a car dealership in New Jersey,… Continue reading UPDATE 2-Marchionne leaves Fiat Chrysler debt free as prepares to hand over wheel
BMW says may source more US steel its auto plant after tariff move
FRANKFURT (Reuters) – BMW (BMWG.DE) said on Friday it may increase the amount of steel it sources locally for its U.S. plant after Washington imposed tariffs on imports of steel and aluminium from the European Union. The BMW logo is seen on a vehicle at the New York Auto Show in the Manhattan borough of… Continue reading BMW says may source more US steel its auto plant after tariff move
Tesla: Engineers disassemble the Model 3 and consider it profitable
Logs of several engineering service providers prove according to a report that the electric car Tesla Model 3 can be produced profitably. The service providers have bought four cars on behalf of German car companies and disassembled in their works. from Stefan Hajek/ Wirtschaftswoche June 1, 2018, 8:53 am The material and supply costs of… Continue reading Tesla: Engineers disassemble the Model 3 and consider it profitable
UPDATE 7-SoftBank joins GM in self-driving car race; GM shares soar
(Reuters) – Japan’s SoftBank Group Corp (9984.T) will invest $2.25 billion in General Motors Co’s (GM.N) autonomous vehicle unit Cruise, the companies said on Thursday, a deal that validates the venerable Detroit automaker’s leadership in self-driving cars and sent GM shares up nearly 13 percent. The move by SoftBank’s $100-billion Vision Fund is one of… Continue reading UPDATE 7-SoftBank joins GM in self-driving car race; GM shares soar
German carmakers hit by report Trump threatens to drive them off US streets
BERLIN/FRANKFURT (Reuters) – A report that U.S. President Donald Trump has threatened to pursue German carmakers until there are no Mercedes-Benz rolling down New York’s Fifth Avenue dented shares in the luxury car manufacturers on Thursday. FILE PHOTO: U.S. President Donald Trump look on as he welcomes South Korea’s President Moon Jae-In in the Oval… Continue reading German carmakers hit by report Trump threatens to drive them off US streets
Uber is in talks to add Waymo’s self-driving cars to its network, CEO says
Uber is in discussions with Alphabet’s Waymo to add the latter’s self-driving cars to its platform, Chief Executive Dara Khosrowshahi said Wednesday. Speaking at the Code Conference in Rancho Palos Verdes, California, Khosrowshahi said that Uber’s relationship with Alphabet-owned Google was improving and that Uber was “having discussions” with Waymo. “You build relationships slowly but… Continue reading Uber is in talks to add Waymo’s self-driving cars to its network, CEO says