MILAN (Reuters) – Fiat Chrysler (FCHA.MI)(FCA) shares hit a record high on Monday on growing expectations that the carmaker’s coveted Jeep brand will unlock even greater value this year. The stock jumped more than 20 percent last week on a bullish outlook for the auto sector and media speculation that Chief Executive Sergio Marchionne’s final… Continue reading Fiat Chrysler boosted by Jeep growth expectations
Tag: Hyundai
Number of Charging Stations In U.S. Increased To 48,000 (15,000 in California)
Total Number of Level II and Fast Charging Units per State, with Share of Fast Charging Units (source: energy.gov) There are some 48,000 charging stations in the U.S. (AC Level II and DC fast chargers), out of which almost one third are located in California – more than 15,000. Hyundai IONIQ charging According to the… Continue reading Number of Charging Stations In U.S. Increased To 48,000 (15,000 in California)
This is going to be the world of the automobile and mobility in 2018
The study2025 Automotive 360º VisionIt is not a crystal ball, but it is a tool that anticipates tendencies of evolution in the automobile sector and mobility. This time we want to share with you some of our impressions for next year, while we take the opportunity to wish you a great 2018. Today we all… Continue reading This is going to be the world of the automobile and mobility in 2018
And dirty and dirty and dirty
In September 2015, Martin Winterkorn resigns as head of the VW Group – the diesel exhaust scandal has flared up at the latest. But he starts ten years earlier. A chronicle. Friday, 04.05.2018 14:42 clock With Martin Winterkorn now for years the unrestricted number one of the Volkswagen Group charged because of the diesel scandal… Continue reading And dirty and dirty and dirty
VW redistributes responsibility in the Group
V olkswagen CEO Herbert Diess will divide responsibility within the Group for the world regions in the future for his brands. In the future, one leading brand will take over group-wide control of a clearly defined world region, said Volkswagen on Friday in Wolfsburg. Decisions could be made more decentralized. “We’re giving the responsibility over… Continue reading VW redistributes responsibility in the Group
An industry is breaking up
Recently, Daimler battered an electric car from Tesla during intensive tests. “Tear down” is the name of such analyzes in jargon. They are common in the industry – but are actually different. Tesla Model X (icon image) Monday, 04.12.2017 19:26 clock “There’s nothing going on, why can not he and we not?” So snorted Martin… Continue reading An industry is breaking up
China’s Uber-Like Trucking Unicorns Merge As Sharing Economy Consolidates
After years of explosive growth, China’s vast sharing economy is entering consolidation mode. The latest merger news comes from Chinese Uber-like truck logistics leaders Yumanman and Huochebang, both valued at US$1 billion on China Money Network’s China Unicorn Ranking. The deal may herald more mega-mergers in the sharing space due to intense competition and overlapping business… Continue reading China’s Uber-Like Trucking Unicorns Merge As Sharing Economy Consolidates
Sluggish Sales Equal Production Slowdown For Alfa Romeo, Maserati, Jeep, Fiat
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Sluggish Sales Equal Production Slowdown For Alfa Romeo, Maserati, Jeep, Fiat
19 Oct 2017, 14:42 UTC · by Mircea Panait
/ Home / News / Industry
Bad news, fans of Fiat Chrysler’s most Italian of brands! Both Alfa Romeo and Maserati are not doing great regarding sales, the reason why FCA decided to cut production for both automakers. And the reason for this slump in demand? Apparently, new Chinese import rules have hit Fiat Chrysler hard, especially the two brands.
36 photosAlthough China faced criticism in the past for being too lenient on emissions and pollution, the People’s Republic is working hard on addressing these issues. Collateral damage comes in the form of increased restrictions for automakers, mostly because China follows the model set by France and the UK, countries that will ban the sale of fossil fuel cars and SUVs by 2040.
By August 2017, China had reached its 2020 target for solar energy installation, which makes the People’s Republic the largest producer of solar energy in the world. Large-scale carbon capture plants are also on the way, with the first of a planned eight currently being built. The bottom line is, China’s government is very focused on reducing the carbon footprint.
And as a result of these policies, imported automobiles are not exactly welcome in the Middle Kingdom unless they’re hybridized or electric. Alfa Romeo and Maserati don’t have such vehicles in their lineup, and that’s the gist of it. According to Automotive News, FCA declined to comment on the matter, but the cited publication has the numbers to back up its claims.
The Levante plant in Mirafiori will shut down for two weeks between October and November, with sales in China now averaging 350 examples per month compared to more than 800 units per month in the first half of the year. Over at Alfa Romeo, the Cassino plant in Italy now builds 265 vehicles per shift instead of 300. This decision follows four Fridays that were hampered down by production stops, totaling a loss of 2,000-plus Giulias and Stelvios.
From 2,666 Stelvio units delivered in China in July, Alfa Romeo slumped to 227 examples in August. As if that wasn’t bad enough, the Fiat 500X and Jeep Renegade have both seen production reductions at the Melfi plant in Italy. From the report: “Workers at the plant have been temporarily laid off for 21 days this year, including 11 days in the third quarter. As a result, production of the two models was down 25 percent in the quarter.”
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ALFA ROMEO models:ALFA ROMEO MiTo MiniALFA ROMEO Stelvio Quadrifoglio Medium SUVALFA ROMEO Stelvio Medium SUVALFA ROMEO 33 Stradale CoupeALFA ROMEO Giulia Veloce MediumAll ALFA ROMEO models
Toyota-Mazda Shared Plant To Crop Up In Alabama Or North Carolina
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Toyota-Mazda Shared Plant To Crop Up In Alabama Or North Carolina
15 Nov 2017, 14:32 UTC · by Mircea Panait
/ Home / News / Industry
Building and selling cars is big business. And in addition to big, it’s complicated business for one too many reasons, chief among which is legislation. In the U.S., for example, it’s easier for foreign automakers to build cars locally because the state will offer incentives. This, in turn, creates jobs, and the pricing advantage over imports is nothing to scoff at.
9 photos Toyota and Mazda find themselves in this situation, with the two announcing that they’re planning on spending $1.6 billion on a plant in the United States that will create 4,000 jobs. The factory would be operational by 2021, but there’s a catch with this promise. And that catch is, Toyota and Mazda have refused to spell out the location where the plant will be.
The background story originates with Donald Trump, who attacked Toyota with a “big border tax” over the automaker’s plan to construct a factory in Guanajuato, Mexico. There, Toyota would’ve produced the Corolla, but once President Trump got in on the action, the Japanese automaker decided that it would be better to build the Tacoma in Mexico.
Trump’s attack wasn’t in vain, for the POTUS convinced Toyota to relegate Corolla production to the United States, at the factory this story is about. Mazda joined Toyota in its ambitious plan, with Mazda announcing that it'll build “new crossover vehicles” at the yet-to-be-constructed plant.
According to Bloomberg, the search for a location for the Toyota-Mazda plant has been narrowed to two states: Alabama and North Carolina. All that’s left to do now is for state officials to sweeten the deal, with Toyota-Mazda expected to take the better offer as far as incentives are concerned.
Whichever state wins, the shared factory is actually a victory for the Trump administration. After all, it is “the first new auto assembly plant to be announced during the tenure of President Donald Trump,” and that’s good news considering Ford will source the next-generation Focus from China.
Editor's note:
Mazda2 Sedan-based Scion iA pictured.
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JK/JKU Wrangler Production Ending In April, JT Scrambler Pickup Truck Incoming
The JL and JLU are the best Wrangler models yet in more than one way, but Jeep hasn’t pulled the plug on the JK and JKU. The former-generation SUVs are still being manufactured in Toledo, Ohio, but the end is near for both models.
A WARN notice filed by Hyundai Mobis North America with the Sta… (continue reading >>)