The Economist is running a series of articles on the potential impact of a no-deal Brexit on everything from trade to the economy, immigration to universities, the island of Ireland to retailing. This piece looks at the automotive industry. Carmakers based in Britain compete fiercely to sell their products to motorists. But competition gives way to total agreement when it comes to Brexit. Any deal that changes arrangements at Britain’s borders—across which millions of parts and completed cars flow in both directions every year—or introduces tariffs on an industry that customarily operates on slender margins, would be damaging. Worst of all is the prospect of a no-deal Brexit. That would bring immediate uncertainty to the operation of supply chains and impose World Trade Organisation (WTO) rules, slapping large tariffs on cars and parts. To be sure, other problems loom over the global car market, from slowing sales in China to tougher emissions rules. Honda, a … [Read more...] about What would a no-deal Brexit mean for cars?
Toyota just in time inventory
At George Matick Chevrolet in Redford Township, pickups are in hot demand. Even though the dealership has sold fewer vehicles through June than it did this time last year, sales of the full-size Silverado and midsize Colorado pickups haven't slowed. "We’re selling less total vehicles, but we are selling more pickups," said Molly Williams, chief operating officer for Matick Auto Group, which also owns Matick Toyota in Macomb Township. "So our percentage of pickup sales are up." Across General Motors, sales of all pickups are soaring, partly because of GM selling down older models to make way for the redesigned 2019 full-size pickups. GM's closest competitor, Ford, continues to have the best-selling vehicle in the F-150, but for the first half of the year, GM outpaced Ford in pickup sales when factoring in midsize trucks. Besides its full-size Silverado and GMC Sierra, GM also sells … [Read more...] about General Motors topping Ford in pickup market share
A Lebanon man who allegedly stole two vehicles, went on a minor crime spree and eluded police from several area jurisdictions after a lengthy vehicle chase, has been apprehended in Camden, South Carolina. Nicholas Hull-Martinez, 22, of Lebanon, is facing multiple charges for the vehicle thefts, for burglarizing a city car dealership and two city stores as well as leading police on the chase through Annville Township, Cleona Borough and the city of Lebanon. More: Driver of stolen vehicle still at large after police chase through Cleona The chase After breaking into Stalnecker's Auto Sales, 29 S. 12th St., Lebanon, at 10:08 p.m. Oct. 25 and stealing the keys to multiple vehicles, Hull-Martinez returned to the business the next day and stole a white Chevrolet Tahoe belonging to a customer who had the vehicle in for service, according to the criminal complaint against Hull-Martinez. The Tahoe was reported stolen at 7:30 p.m. Oct. 26 and was spotted by an Annville … [Read more...] about Lebanon man accused of stealing 2 vehicles, leading police on chase, arrested in S.C.
Tennessee’s economy will get a lift as Toyota Motor Corp. goes through with its plan to upgrade its assembly lines at Georgetown, Kentucky. The Japanese automaker on Monday detailed a $1.3 billion retooling plan for the massive Georgetown complex, part of the $10 billion capital spending plan Toyota announced in January on its U.S. facilities over the next five years. It is the largest retooling plan ever announced by the automaker and will have an impact on Tennessee, analysts say, because the state is in between Toyota’s concentration of four assembly lines in the United States. About 8,000 workers in supply plants throughout Tennessee make parts for Toyota vehicles assembled at Blue Springs, Mississippi; Georgetown; Princeton, Indiana; and San Antonio. The employment numbers were estimated in a 2016 study by the Center for Automotive Research, a think tank near Detroit. Major automakers typically invest billions of dollars every year on new production equipment, although … [Read more...] about Analysis: Toyota investment can lift Tennessee economy
Fiat Chrysler Automobiles NV outsold Ford Motor Co. in September — the first time Detroit's No. 3 automaker has done so since January 2007. Powered by its Jeep and Ram brands, FCA posted a 15-percent increase in U.S. sales last month with 199,819 deliveries, eking past Ford's 197,404 deliveries in September. FCA has beaten Ford in retail sales five out of nine months this year. "It was mostly expected to happen this year, as Ford moves away from sedans," Michelle Krebs, an automotive analyst for Cox Automotive, said in an emailed statement. "It might just be a fluke month, but that’s a significant shift in the automotive world and a wake-up call for Dearborn." But Ford brushed aside the upset on a conference call with analysts and media Tuesday morning. "We don’t worry about being in a contest with (FCA)," Ford's vice president of U.S. marketing, sales and service,Mark LaNeve, said. "There have been months when we beat General … [Read more...] about FCA outsells Ford for first time in 11 years