Tag: GM

Carmakers’ June sales rise 9.9 pct as demand recovers

SEOUL, July 2 (Yonhap) — The combined sales of South Korea’s five carmakers rose 9.9 percent last month from a year earlier due to increased demand from major markets, corporate data showed Monday. The five automakers — Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor Co. —… Continue reading Carmakers’ June sales rise 9.9 pct as demand recovers

Hyundai Warns U.S. Auto Tariff Would Be ‘Devastating’

LISTEN TO ARTICLE SHARE THIS ARTICLE Hyundai Motor Co. joined a chorus of rebuke from global automakers against possible import tariffs by the Trump administration, warning the duties would be “devastating” to the Korean automaker and its U.S. operations. The tariffs “would not only harm Hyundai Motor’s U.S. business operations and the American workers and… Continue reading Hyundai Warns U.S. Auto Tariff Would Be ‘Devastating’

So dependent are the automakers of China

D he German automakers are becoming increasingly dependent on the Chinese market. Last year Volkswagen sold two out of five cars in China, according to a report published on Tuesday by the Center for Automotive Management (CAM) in Bergisch Gladbach. Audi Every third sold there, BMW every fourth and Daimler every fifth. According to CAM… Continue reading So dependent are the automakers of China

Trading dispute and profit warnings weigh on exchanges

A worried about high tariffs and declining corporate profits, the stock markets went down on Monday. Of the Dax fell 2.5 percent to 12,270 points, the Eurostoxx50 lost two percent to 3369 points. In New York, the Dow Jones and the S & P 500 were each about one and a half percent lower at… Continue reading Trading dispute and profit warnings weigh on exchanges

BMW warns of job losses in the US

Saturday, 06/30/2018 20:12 clock BMW has warned against possible cuts in investment and job losses in the US, should the US government Import duties on foreign cars rise. Customs would neither strengthen US growth nor competitiveness, the corporation wrote in a letter to Secretary of Commerce Wilbur Ross. Any US tariffs are expected to be… Continue reading BMW warns of job losses in the US

General Motors warns Trump against import duties cars

D he largest American auto company General Motors (GM) has president Donald Trump warned of higher import duties on vehicles from abroad. Should the government increase the barriers to trade for automakers, it would create risks that could hurt competitiveness in the United States and lead to job losses. the group said on Friday ,… Continue reading General Motors warns Trump against import duties
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GM, FCA add opposition to import tariffs

In this January 2017 photo, cars are parked waiting to be exported at Yokohama port near Tokyo. Japan’s government has warned in a report that a higher U.S. tariff on auto imports could backfire, jeopardizing hundreds of thousands of American jobs created by Japanese auto-related companies, raising prices for U.S. consumers and devastating the U.S.… Continue reading GM, FCA add opposition to import tariffs

Ford's chief lobbyist to depart for SoftBank

Ford Motor Co.’s Group Vice President of Government and Community Relations Ziad Ojakli is leaving the company in July. He will join SoftBank Group Corp. as its senior vice president and global government affairs officers. (Photo: Ford Motor Co.) Ford Motor Co.’s top lobbyist is heading to SoftBank Group, the Japanese technology conglomerate said Friday. Ziad… Continue reading Ford's chief lobbyist to depart for SoftBank

BER becomes a giant car park for Volkswagen

Wednesday, 06/27/2018 11:09 clock The missing approvals for vehicles according to the new WLPT exhaust test lead to a lack of parking space Volkswagen , Therefore, the group gives way with numerous new cars on the Berlin Breakdown Airport BER out. On the site, the Group had rented space to park cars with delays, a… Continue reading BER becomes a giant car park for Volkswagen