Interesting news for anyone happy to see Nissan build its all-electric Leaf in America – its components are coming mainly from overseas. While the percentage of domestically produced parts in next year's Leaf will be increasing, this is a good example of how the idea of a US-made car doesn't mean as much as it used to.
While monthly sales figures might be an easy way of tracking the progression of the auto industry and individual automakers, looking at market share might be more indicative of how each company is actually standing up against its competitors. For the Detroit Three automakers, they have collectively lost almost 30 percent of the market over the last 20 years, but now, for the first time since 1993, Ford, General Motors and Chrysler have each posted market share gains at the same time in the first
Domestic automakers have much to be happy about, with Chrysler, Ford and General Motors all gaining market share last year for the first time since 1988. Yet according to Bloomberg, 2012 won't be as good to Detroit. Total sales are projected to grow from 12.8 million vehicles last year to 13.6 million, according to the report, but increasing competition from Korea and a Japanese recovery from the natural disasters of 2011 mean those extra sales aren't likely headed to the Big Three.
Automotive News reports that domestic automakers are gaining market share thanks in part to the weak dollar. Import vehicles are currently selling at the highest price premium in 12 years compared to their domestic counterparts.
Let's say you're an non-Chinese automaker interested in selling your cars in China. More specifically, say you're looking to sell a groundbreaking electric vehicle there. The cost might be higher than you're willing to pay. A recent report in The Wall Street Journal claims that the Chinese government aims to force foreign automakers to divulge their plug-in vehicle secrets in order to sell them in China. Bullying U.S. automakers around isn't exactly fair and at least two people – Congressi
So you want to sell your foreign cars in China? If you're an automaker, it might cost you a whole lot do so. A report in The Wall Street Journal claims that the Chinese government wants to force foreign companies to divulge their electric vehicle technology secrets in order to sell their products in China.
So you want to sell your foreign cars in China? If you're an automaker, it might cost you a whole lot do so. A report in the Wall Street Journal claims that the Chinese government wants to force foreign companies to divulge their electric vehicle technology secrets in order to sell their products in China.
If you think life can't get any worse for the bloodied and battered Detroit three automakers and their suppliers, you're wrong – at least according to a new study from Grant Thornton LLP's Corporate Advisory and Restructuring Service. The accounting and management consulting firm used data from CSM worldwide that forecasts U.S. automakers will produce fewer vehicles on U.S. soil than Asian and European automakers by the year 2012 despite an expected return to profitability.
Automotive journalism legend David E. Davis, Jr., may find himself heading a new magazine if an independent effort to spiff up Detroit's image can find a footing. New York's Kelmenson, Davis (yes, that Davis) & Associates is trying to turn up $50 million to create a non-profit entity to spread the word about the great strides domestic automakers have made lately. The concept, which would be outwardly similar to the "Got Milk" campaign, was developed by Tony Kuhn, an executive partner at KDA.
The Big Three's dwindling market share is no secret. We've heard about it for years. But The Plain Dealer in Cleveland took a closer look at the numbers and was surprised at just how rapidly domestic automakers have been overtaken.
Domestic automakers may be losing market share, but it appears their clout is intact. The Department of Health and Human Services issued an apology for a recent newsletter that suggested only Japanese and South Korean vehicles in a list of 12 "green" vehicles for their 67,000 employees to buy. Domestic automakers took exception to the seemingly biased message, and the 15 Michigan members of the house wielded their power to get the HHS to apologize.