|Day's Range||4.1500 - 4.1500|
GM has quietly discontinued the turbocharged 2.0-liter four-cylinder engine found as an option in the Chevrolet Traverse, leaving the 3.6-liter V6 as the lone engine for the midsize SUV. The news comes via GM Authority, which says the change was effective for the mid-2019 model year. GM has developed a new version of the engine, this time a 2.0-liter inline-four with a twin-scroll turbocharger that makes 237 hp and 258 lb-ft of torque and can deactivate two of its four cylinders in order to conserve fuel.
When we posted on Buick unveiling the Encore GX at Auto Shanghai 2019 as a longer-wheelbase version of the Encore, we though the GX trim could supplant our local Encore. According to Automotive News, citing "sources familiar with the plans," Buick will sell both the Encore and the Encore GX here. Brand boss Duncan Aldred told Buick dealers in January to expect a new model this year, and it appears the slightly larger subcompact crossover is that product.
Despite the bullish speeches at the New York auto show, there's a sense of growing concern among industry leaders and analysts.
LKQ's acquisitions fortify its footprint. However, frequent buyouts along with escalating expenses might dent the company's first-quarter earnings.
Higher transaction price per vehicle is likely to drive Ford's (F) first-quarter 2019 earnings. However, loss-making European businesses and steep costs are concerns.
Ally Financial Inc.'s retail division is growing rapidly — increasing total deposits by 16% year over year in the first quarter and adding about 120,000 customers.
The new North American free trade pact would modestly boost the U.S. economy, especially auto parts production, but may curb vehicle assembly and limit consumer choice in cars, a hotly anticipated analysis from the U.S. International Trade Commission showed on Thursday. The ITC report is a crucial step in the push for Congress to consider ratification of the U.S.-Mexico-Canada Agreement, which was signed by President Donald Trump and the leaders of the other two countries last year to replace the 25-year-old North American Free Trade Agreement. The report estimates that annual U.S. real gross domestic product would increase by 0.35 percent, or $68.5 billion, on an annual basis compared to a NAFTA baseline, and would add 176,000 U.S. jobs, while raising U.S. exports.
General Motors Co's top executive, Mary Barra, received a compensation package worth just under $22 million in 2018, slightly less than the previous year, according to the No. 1 U.S. automaker's proxy statement released on Thursday. GM also said two members of the board of directors - former chairman of the joint chiefs of staff, retired Admiral Michael Mullen and the former CEO of ConocoPhillips , James Mulva - will not stand for re-election. GM and the rest of the auto industry are facing an expected decline in U.S. demand this year, slowing sales in the world's largest auto market in China and potential costly tariffs that could be imposed by the administration of U.S. President Donald Trump as it negotiates new trade deals with China, Europe and Japan.
The Trump administration on Thursday estimated that its new North American trade deal will create 76,000 automotive sector jobs within five years as automakers invest some $34 billion in new plants to comply with the pact's new regional content rules. The forecasts from the U.S. Trade Representative's office were released ahead of an independent trade panel's hotly anticipated analysis that economists expect to show little or no U.S. gains from the new U.S.-Canada-Mexico Agreement. A USTR official told reporters that the jobs and investment estimates are based on plans disclosed by automakers to the trade agency for compliance with the new agreement's tighter rules of origin.
Global Economic Indicators Paint a Mixed PictureRetail sales According to the US Department of Commerce, US retail sales soared 1.6% in March compared to February, their highest pace of growth since September 2017. Another encouraging piece of news
The 2020 Lincoln Corsair compact crossover has just been introduced at the New York Auto Show. It replaces the aging MKC and will be facing a competitive market, one that already has a fresh American rival.
Increased sale of trucks and SUVs is likely to drive Ford's (F) revenues in first-quarter 2019. However, escalating costs are concerning.
Product portfolio expansion to aid Harley-Davidson (HOG) in first-quarter 2019 earnings. However, the shift in customer preference for motorcycles is likely to adversely affect quarterly results.
Tesla's (TSLA) vehicle production and delivery numbers decline 10.9% and 31%, respectively, on a sequential basis in first-quarter 2019. This is likely to impact its quarterly results.
Key Takeaways from Alcoa’s Q1 Earnings(Continued from Prior Part)Trump’s tariffs During the first-quarter earnings call, Alcoa (AA) took a swipe at the Section 232 tariffs that President Trump imposed last year. From the very beginning, Alcoa
GM Cadillac President Steve Carlisle said that Cadillac would expand its network of dealers to 500 in China by 2025. The U.S. automaker will launch a new product every 6 months for the next 3 years in China, Carlisle said at a Bank of America Merrill Lynch conference.
Auto shows may be waning in importance as companies find other ways to introduce new products, but the New York International Auto Show still has a healthy list of new vehicle debuts.