Post Tagged with: "auto industry"

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Germany’s car export to suffer from China downturn

Germany’s car export to suffer from China downturn

The German car industry uses its trains to export car parts, machinery and industrial components that leave Duisburg, Hamburg and Leipzig a number of times every week with a sole destination: the car factories in China. Sending components by train costs less than by air and the process reaches the […]

Mexico aims to safeguard auto industry, opposes trade talks

Mexico aims to safeguard auto industry, opposes trade talks

In short, the Central American country is worried the new Trans-Pacific Partnership now being negotiated might endanger its position as the second largest auto exporter to the United States. At the end of July the officials from the 12 countries discussing the Trans-Pacific Partnership ended a week of negotiations in […]

Europe: Germany’s auto industry could falter in 2016

Europe: Germany’s auto industry could falter in 2016

According to Siemens chief executive officer Joe Kaeser, interviewed by a local newspaper, the country’s heavily focused on exports car industry could take a hit next year as the strong sales in foreign markets are becoming a thing of the past. Kaeser talked to the Passauer Neue Presse newspaper in […]

Donald Trump has its eyes set on Ford

Donald Trump has its eyes set on Ford

GOP candidate Donald Trump has been targeting the US automakers for their plans to set up new plants or relocate work from the US towards south of the border, in Mexico. Trump continued to highlight Ford as a Detroit maker that has plans to build a new assembly facility in […]

China to probe once again auto industry for alleged violations

China to probe once again auto industry for alleged violations

After last year probing numerous automakers for price hikes across their spare parts businesses, China is again investigating alleged violations in the auto industry. The accusations include the infringement of consumer rights and dissemination of false or misleading publicity, while the world’s largest auto market sees demand slowing amid economical […]

US: Michigan seeks promotion of automotive jobs

US: Michigan seeks promotion of automotive jobs

The US state is home to the Detroit three – GM, Ford and Fiat Chrysler – so naturally it has a deep automotive culture, but Governor Rick Snyder recently took another step further and introduced an auto jobs “PR” program. Snyder announced on Wednesday a new program that would seek […]

US: auto sales boom hides underlying pricing power

US: auto sales boom hides underlying pricing power

Automakers in the US, the second largest auto market in the world, are selling cars and light trucks at a pace not seen in more than a decade. But they’re not just selling more of them, they’re also delivering the most expensive vehicles consumers can afford. For example, the average […]