Bernie's Feed
Sep 3, 2014

Heavy discounts, low gas prices drive strong U.S. car sales

DETROIT, Sept 3 (Reuters) – U.S. August auto sales were
unexpectedly strong, thanks in part to heavy discounting by the
manufacturers, with the industry selling at an annualized pace
not seen since early 2006.

General Motors Co narrowly missed expectations, but
held on to the top spot, while Toyota Motor Corp edged
Ford Motor Co for the second straight month.

Sep 3, 2014

Chrysler, Nissan U.S. August sales sizzle, top expectations

DETROIT, Sept 3 (Reuters) – Chrysler Group, a unit of Fiat
SpA, handily beat analysts’ expectations by showing a
20 percent gain in U.S. auto sales for August, and forecast a
stronger-than-expected month for the full industry.

Chrysler said on Wednesday it expects U.S. auto sales to
rise 3 percent form last year, which would easily top analysts’
expectations of a gain of 0.1 percent.

Aug 29, 2014

U.S auto sales seen ending summer without a sizzle

DETROIT (Reuters) – U.S. auto industry sales in August will be about even with a year ago, not quite ending the summer in a sizzling fashion but still warm enough to continue the recovery from a recession now five years in the rear-view mirror.

Analysts polled by Thomson Reuters expect monthly sales of about 1.5 million new vehicles when automakers report them on Wednesday, with a seasonally adjusted annualized sales rate of 16.6 million. It should be the sixth straight month showing an annualized rate above 16 million, a level reached only twice in 2013.

Aug 28, 2014

GM plans to move some Chevy Equinox assembly to Mexico – source

DETROIT (Reuters) – General Motors Co (GM.N: Quote, Profile, Research) and the United Auto Workers on Wednesday trumpeted the news that production of the Cadillac SRX would be shifted from Mexico to Tennessee, but Reuters has learned that GM also plans to move some other assembly work in the opposite direction.

The company plans to shift some production of the Chevrolet Equinox from Spring Hill, Tennessee, to Ramos Arizpe, Mexico, when the crossover vehicle is redesigned in 2017, according to an industry source familiar with GM’s plans. That move could partially offset any new jobs created by the shift of SRX work from Ramos Arizpe to Spring Hill, which is expected in mid-2016, the source said.

Aug 28, 2014

Exclusive: GM plans to move some Chevy Equinox assembly to Mexico -source

DETROIT (Reuters) – General Motors Co and the United Auto Workers on Wednesday trumpeted the news that production of the Cadillac SRX would be shifted from Mexico to Tennessee, but Reuters has learned that GM also plans to move some other assembly work in the opposite direction.

The company plans to shift some production of the Chevrolet Equinox from Spring Hill, Tennessee, to Ramos Arizpe, Mexico, when the crossover vehicle is redesigned in 2017, according to an industry source familiar with GM’s plans. That move could partially offset any new jobs created by the shift of SRX work from Ramos Arizpe to Spring Hill, which is expected in mid-2016, the source said.

Aug 27, 2014

Exclusive: GM moving some production between Mexico and Tennessee

DETROIT (Reuters) – General Motors Co is shifting some production of the Cadillac SRX from Mexico to Tennessee, but will partly offset that by moving some Chevrolet Equinox manufacturing from Tennessee to Mexico, an industry source told Reuters.

GM announced the Cadillac move on Wednesday at its Spring Hill, Tennessee plant outside Nashville, but declined to comment on the Chevrolet move.

Aug 26, 2014

Anti-UAW workers seek to form union at Volkswagen plant

DETROIT (Reuters) – Employees at the Volkswagen AG (VOWG_p.DE: Quote, Profile, Research, Stock Buzz) auto plant in Chattanooga, Tennessee, are attempting to form a union that will include hourly and salaried workers as a counter to the United Auto Workers Local 42 established last month, a leading anti-UAW worker said on Tuesday.

Mike Burton, who helped anti-UAW workers defeat the UAW’s effort to represent VW Chattanooga hourly workers six months ago, told Reuters he hopes the new union will force VW to hold another vote to determine which one is favored by hourly employees.

Aug 21, 2014

Exclusive: Chrysler’s Ram pickup may stick with steel through 2020 – sources

DETROIT (Reuters) – Chrysler Group [CHRY.UL] is planning an extensive facelift of its full-size Ram 1500 pickup in spring 2017, but has no firm plans to follow rivals General Motors and Ford Motor Co in replacing steel body panels with aluminum until a complete redesign after 2020, industry sources told Reuters.

While Ford and GM are shifting to lighter aluminum body panels to dramatically reduce the weight of their best-selling full-size pickups – this fall and in the fall of 2018, respectively – Chrysler is planning to stick mainly with steel when it updates the big Ram pickup in 2017, according to two sources familiar with the automakers’ plans.

Aug 21, 2014

Cadillac considers moving some functions to Manhattan

DETROIT (Reuters) – General Motors Co’s (GM.N: Quote, Profile, Research, Stock Buzz) premium Cadillac group is considering expanding its offices from Detroit to Manhattan, GM said Thursday, as part of an effort to remake the brand’s image and broaden its appeal outside North America under new boss Johan de Nysschen.

“As Cadillac grows, it’s possible we could look to add to our team or expand,” said Cadillac spokesman David Caldwell. “But as of now, no changes.”

Aug 21, 2014

Honda to modify Fit to boost test score, calls back 12,000 cars

DETROIT (Reuters) – The first 12,000 U.S. customers who bought the 2015 Honda Fit subcompact cars will be asked to have the vehicles retrofitted to attain top marks from the Insurance Institute for Highway Safety, Honda Motor Co (7267.T: Quote, Profile, Research, Stock Buzz) and the IIHS said Thursday.

The action – which is not a safety recall aligned with U.S. safety regulators – is aimed at allowing all 2015 Fit cars to have the same, more robust front bumpers as cars made after June 9, when Honda changed the way they were produced, Chuck Thomas, chief engineer for vehicle safety at American Honda, said.