Archive for the ‘Politicians’ Category

Ford’s New Ad Campaign Shoots Straight Hyping Products, History

First commercials debut during college football this weekend.

by on Oct.19, 2018

Ford is kicking off a new ad campaign, Built Ford Proud, that features print ads as well as new commercials.

Ford Motor Co.’s recent advertising campaigns haven’t quite hit the mark in terms of creating a positive buzz, so it’s going back to the future with an update to an oldie but goodie.

The automaker used to brag that its trucks were “Built Ford Tough,” but now the entire line-up is “Built Ford Proud.”

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Unveiled at its dealer meeting in Las Vegas, Ford’s new mantra will begin appearing on television screens this weekend, primarily during college football games. Featuring actor Bryan Cranston, famous for “Malcom in the Middle” and “Breaking Bad,” the three ads basically center on Ford’s pride in its history, ingenuity and progress. (more…)

Car Crashes on the Rise in “Pot-Legal” States

New study suggests a 6% jump in collisions.

by on Oct.18, 2018

A new study suggests that states where recreational marijuana is legal, car crashes are up 6%.

With all of the talk about blue waves and red waves coming in the November election, a couple of new studies show that Americans may want to direct their attention to the “green” wave: recreational marijuana.

Several states have measures on ballots to make the recreational use of marijuana legal, just as the aforementioned studies show that vehicle crashes are up as much as 6% in states where it is already legal.

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Crashes are on the rise in Colorado, Nevada, Oregon and Washington, compared with neighboring states that haven’t legalized marijuana for recreational use, according to the Insurance Institute for Highway Safety (IIHS) and Highway Loss Data Institute (HLDI) shows.  (more…)

Tesla Locks Down Site for 1st Chinese Assembly Plant

U.S. Senate, meanwhile, considers extending tax credits for Tesla, GM buyers.

by on Oct.17, 2018

Tesla Inc. has reached an agreement with the Chinese government to build an assembly plant in China.

After suffering a series of setbacks in recent weeks, things may be moving in the right direction for Tesla this week, and on a variety of fronts.

For one thing, the automaker has inked an agreement with the Shanghai government that will let it move forward on plans to set up a plant in the booming Chinese battery-car market, its first outside the United States.

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Closer to home, the U.S. Senate is  now considering a proposal that would extend the tax credits that have helped Tesla attract potential customers. Under current law, the incentives – worth up to $7,500 for an EV buyer – begin to phase out once a carmaker has sold 200,000 electric vehicles. Tesla recently passed that threshold, and General Motors is expected to reach that cap before the end of 2018. Industry analysts warn both companies could lose market momentum if they can’t offer the tax credits. (more…)

US-China Trade War May Cost BMW $600M Next Year

Automaker's SUV exports cut off due to tariffs.

by on Oct.15, 2018

An early version of the 2019 X5 rolls down the BMW assembly line in Spartanburg, SC. The plant isn't shipping utes to China and that could cost the company big.

BMW expects its earnings to drop by almost $600 million next year if the trade war between the U.S. and China remains frozen in place, the German automaker’s CFO Nicolas Peter said during an interview with Automobilwoche, one of Germany’s leading automotive magazines.

Tariffs between the United States and China have cut exports of sport-utility vehicles from its U.S. plant in Spartanburg, South Carolina, to China, resulting in a hit to earnings of just below 300 million euros, Peter said, according to an extract of an article.

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“If the tariffs remain in 2019, it could have a full-year impact of half a billion euros,” Peter added.  (more…)

China Car Market Tumbles, Complicating Problems for U.S. Automakers

BMW plans to be first foreign maker to take control of Chinese joint venture.

by on Oct.12, 2018

President Donald Trump is engaged in a trade war with China, and automakers are beginning to pay the price.

After nearly two decades of double-digit growth, the Chinese car market is entering a tailspin, and that could be particularly problematic for American automakers caught up in the U.S.-China trade war.

But other foreign automakers could better weather the downturn, in part due to changing rules that have lowered import tariffs – except on American products – and will now allow foreign manufacturers to take control of joint ventures. BMW is set to become the first to take advantage of the relaxed rules, agreeing to spend $4.2 billion to up its stake in an ongoing alliance with Brilliance China Automotive Holdings.

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“The automotive industry has been a driver of China’s economic growth for years. Now it is pulling back,” Xu Haidong, the assistant secretary general of the China Association of Automobile Manufacturers, said during a Friday news briefing, responding to questions about the market’s third straight monthly decline. (more…)

Tesla Sales Surge Past Mercedes; But Loss of Fed Tax Credits Could Hit Future Demand

Orders placed before 10/15 will be delivered in time to collect $7,500 giveback, Tesla says.

by on Oct.12, 2018

Tesla is quickly approaching the 200,000 vehicle limit that ends the $7,500 federal government tax incentive for EV buyers.

With its manufacturing problems largely overcome, Tesla sales have been booming in recent months, the California battery-carmaker delivering more cars in the U.S. than luxury mainstay Mercedes-Benz in the most recent quarter.

But whether Tesla can maintain that momentum is uncertain, especially with federal tax incentives of as much as $7,500 about to go away, even as a flood of new, long-range electric alternatives come to market, complete with those tax credits.

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Tesla is advising potential buyers that they will have only until the end of Monday, Oct. 15, to place a an order for one of its new vehicles and be sure of getting the $7,500 federal incentive. Starting in January, the credits will be halved. They will be cut again mid-year, and then vanish entirely under the revised U.S. tax law passed by Congress last December. (more…)

Volvo Scrambles as Trump Tariffs Shatter Export Plans for New U.S. Plant

China market closed, “I need to find a substitute," says US CEO.

by on Oct.10, 2018

Volvo's new plant near Charleston, S.C., is churning out new S60s. It will add the XC90 in 2021.

Volvo’s plans for its first-ever American assembly plant have been thrown into turmoil as a result of Pres. Donald Trump’s trade war with China, something that will result in fewer auto exports from the South Carolina factory, potentially impacting hiring plans, the automaker’s U.S. CEO told bingdb.info.

Volvo initially planned to use the Charleston facility as its global source for the all-new S60 sedan, while also producing some of its popular XC90 crossovers. Fully half of the assembly plant’s production was earmarked for China and other overseas markets, noted Anders Gustafson. But the administration’s escalating trade war has resulted in China boosting tariffs on American-made vehicles and parts from 25% to 40%, even as it reduces duties on auto imports from other trade partners to 15%.

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“Now, we cannot export to China” because the S60 would be priced out of the market, Gustafson, the president and CEO of Volvo Car USA, said during an interview near Los Angeles, where the company was offering journalists a first drive of the S60. “In this segment, you can’t raise prices because of competitiveness.” (more…)

GM Lauded by EPA for Commitment to Renewable Energy

Arlington Assembly plant makes top 100 list.

by on Oct.10, 2018

GM's Arlington, Texas plant is one of the most environmentally friendly in the country.

General Motors’ Arlington Assembly plant has earned a spot on the U.S. Environmental Protection Agency’s National Top 100 List of the largest users of green power.

The Arlington plant ranks 76 on list, earning the recognition of the Green Power Partnership effort to power all its global facilities with 100% renewable energy by 2050.

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“Receiving this recognition from the EPA is a true honor for the men and women at Arlington Assembly and UAW Local 276,” said Lamar Rucker, plant executive director at Arlington Assembly. “We take great pride in responsibly building world-class vehicles for our customers around the globe,” he said. (more…)

Trump Set to Allow Year-Round Sale of E15 Fuel

President appears to be catering to corn farmers.

by on Oct.09, 2018

President Donald Trump is expected to lift the summer time sales ban on E15 gasoline, allowing year-round sales.

President Donald Trump is looking to make farmers happy, corn farmers anyway, with plans to remove the ethanol restriction on gasoline and allow E15 blends to be sold year-round.

Currently, the blend is banned between June 1 and Sept. 15 each year because of concerns that the special blend combines with the higher summer temps to produce smog. Advocates for ethanol claim the charge is unfounded.

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E15 contains 15% ethanol while most gasolines are already made up of 10% ethanol.  (more…)

Honda Implementing New Tech to Make Smart Intersections

Automaker working with Marysville, Ohio, to test technology.

by on Oct.05, 2018

Honda's Smart Technology uses V2X technology to make drivers aware of potential hazards in an intersection.

Honda has demonstrated its “Smart Intersection” technology that connects a vehicle to its surroundings to help reduce traffic collisions at intersections, which account for 20% of the 35,000 traffic deaths that occur annually in the U.S. and 40% of all collisions.

The technology was developed in partnership with Marysville, Ohio, the home of Honda’s Research and Development unit where, as part of a Smart Mobility Corridor project that addresses the limitations of on-board vehicle sensors in reducing traffic collisions at roadway intersections.

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“Honda believes that V2X technology is an essential component of a smarter and safer transportation ecosystem and can play a role in our dream for a zero-collision society,” said Ted Klaus, vice president of strategic research at Honda R&D Americas Inc.  (more…)