FLASH: The EU is next, as The Trump Administration prepares tariffs on Germany’s auto industry, a 25% tariff already is in place on light trucks President Trump said trade negotiations with China were progressing and a final agreement “will probably happen,” adding that his call for tariffs to remain on Chinese imported goods for some […]
Germany in Favor of Reducing Tariffs on US Car Imports $VLKAY, $BMWYY, $DDAIF German automobile executives have proposed ending the European Union’s 10 percent tax on American-made cars. US Ambassador to Germany Richard Grenell has reportedly met with chief executives from Volkswagen, BMW and Daimler, who pitched him the idea as part of a broader […]
Fiat-Chrysler (NYSE:FCAU) 5-Year Plan Due Friday $FCAU, $RACE Fiat Chrysler (NYSE:FCAU) boss Sergio Marchionne, 65 anni, is expected to outline new plans for electric and hybrid cars in a strategy presentation Friday, 1 June, aiming to ensure the world’s 7th-largest carmaker remains the Top performer in the worldwide automotive sector behind Ferrari (NYSE:RACE) Mr. Marchionne […]
US Automakers Outsell June Estimates, End Anemic 1-H $F, $GM, $FCAU, $TM, $HMC, $VLKAY Demand for light trucks gave FoMoCo (NYSE:F). and top Japanese automakers better sales than analysts had estimated for June following a 5-month streak of industry declines. Toyota Motor Corp.’s (NYSE:TM) deliveries rose 2.1% June, while Honda Motor Co (NYSE:HMC) sales rose […]
US Auto Sales Healthy, but Slowing $DIA, $SPY, $QQQ, $VXX Ford (NYSE:F), Nissan, General Motors (NYSE:GM) and Toyota (NYSE:TM) all reported US sales declines in April,signs that demand for cars, trucks and SUVs is starting to slow after 7 straight years of growth. Ford’s sales fell 7.2%, dragged down by car sales that tumbled over […]
LOGISTICS: Smaller Carriers Get More Access to Shippers Software Could Shift Load for Truckers World Wide It is a long road with nothing but prairie between Ogallala and North Platte, Nebraske Rick Burnett What San Diegan Rick Burnett wants to offer, even on this lonely stretch of Interstate 80, is visibility. He wants a shipper […]
BlackBerry’s (NASDAQ:BBRY) Newest Device is Not A Smartphone $BBRY, $VZ BlackBerry Ltd. (NASDAQ:BBRY) found a customer for its fleet-tracking device called “BlackBerry Radar”, taking a 1st step into the market for monitoring cargo trucks and trains. The Waterloo, Ontario, Canada-based company will install 500 units of the BlackBerry Radar on trailers owned by Oakville, Ontario-based […]
Fiat Chrysler and FoMoCo Reported Best April Sales in a Decade $FCAU, $F, $GM, $VLKAY Fiat Chrysler Automobiles NV (NYSE:FCAU), and Ford Motor Company (NYSE”F) reported their best April sales in a decade, while General Motors Company’s (NYSE:GM) April sales dropped slightly, the Detroit News reported Tuesday. Fiat Chrysler sold 199,631 cars and trucks in […]