Category Archives: economy

ASEAN Light Vehicle Sales Up Slightly

The Indonesian LV market closed the quarter with 233,000 units sold, marking a sharp 13% drop from Q1 2018, with almost every automaker declining. The best performance was recorded by Isuzu (+776 units), led by the new TRAGA Truck, which launched in Q2 last year. Continue reading

Posted in economy, sales | Tagged , , , , , , , | Leave a comment

CARB – Cleaner Fuels Replace 3 Billion Gallons of Dirty Diesel

“Renewable and bio-diesel, renewable natural gas, ethanol, and electricity are all seeing growth under the LCFS,” said CARB Executive officer Richard W. Corey. “These are key reasons why other states and nations are establishing similar programs.” Continue reading

Posted in alternative fuels, economy, environment, fuel economy or emissions | Tagged , , , , , , , | Leave a comment

Korean Metalworkers Fight Hyundai and Daiwoo Merger

IndustriALL Global Union affiliate the Korean Metal Workers’ Union (KMWU) and civil society groups have joined forces to oppose the merger of Hyundai Heavy Industries with Daewoo Shipbuilding and Marine Engineering. Continue reading

Posted in economy, labor issues, transportation | Tagged , , , , , , | Leave a comment

Commerce Identifies Entities of National Security Concern

This list contains the names of foreign parties that are subject to specific license requirements for the export, reexport, and/or in-country transfer of controlled items, ensuring that sensitive technologies do not fall into the hands of those who would threaten U.S. national security or American citizens. Continue reading

Posted in economy, people | Tagged , , , , , | Leave a comment

US Economy Showing Some Growth in Q1

Government spending and tax policies – particularly at the state and local level – added three-fourths of a percentage point to growth in inflation-adjusted gross domestic product (GDP) in the first quarter of 2019, according to the latest reading. Continue reading

Posted in economy, news analysis | Tagged , , , , , | Leave a comment

Global Light Vehicle Sales Drop -5% in March

The slight nudge up came from an easing in YoY losses in China, and an  improved selling rate in the USA. Consultancy LMC notes that Western Europe had a “disappointing month, while the Japanese, Korean and South American markets all continued to struggle in YoY terms.” Continue reading

Posted in economy, sales | Tagged , , , , , , | Leave a comment

EU Antitrust Allegations to Hurt BMW Earnings – €1 Billion!

The BMW Group provision will likely exceed €1 billion. The EBIT margin in the BMW Automotive Segment for the current financial year is expected to be 1-1.5 percentage points below the previous target range of 6-8%. Continue reading

Posted in economy, environment, financial results, fuel economy or emissions, litigation, news analysis | Tagged , , , , , , | Leave a comment

If Trump Closes the Mexican Border, the Entire U.S. Auto Industry Shuts Down in Days

There are few vehicles assembled in the United States that do not rely on Mexico for at least some parts content. Vehicle assembly is the quintessential “complete set” — an assembly plant cannot build a partial vehicle. Even if a few relatively minor parts are missing, automakers do not make a practice of storing the vehicles and then repairing them when the parts are ready. This repair work alone creates the potential for quality issues. Since it is impossible to do a partial build, the assembly plant and many of its associated supplier plants will be idle until the automaker can obtain sufficient stock to relaunch production. Continue reading

Posted in AutoInformed Editorial, economy, fools 'n frauds, manufacturing, news analysis | Tagged , , , , , , , | Leave a comment

Brexit Bloody Hell! Now Stock Exchange Issues

Well, it seems that there are risks posed by jurisdictional share trading obligations, which “could increase market fragmentation and impose unnecessary costs on investors,” the SEC said in a whistling past the graveyard observation. Hell, it’s not even clear that the UK can continue to be a key market for funds and fund managers in the United States. Continue reading

Posted in economy, fools 'n frauds, manufacturing, news analysis | Tagged , , , , , , , | Leave a comment

1,700 workers strike at Hankook Tire in Hungary

IndustriALL Global Union affiliate, the Federation of Chemical Workers of Hungary (VDSZ), which represents workers at Hankook’s Dunaújváros plant in central Hungary, says that 70% of 2,400 shift workers have joined the indefinite strike that began on 12 March.   Continue reading

Posted in economy, labor issues, manufacturing, people | Tagged , , , , , , , | Leave a comment

People Choose Low Loan Repayments and High Interest Rates

Borrowers appear to set targets for their monthly payment on rounded amounts like $200, $300, and $400, rather than choosing the most cost-efficient payments. When borrowers are offered cheaper loan terms, they are more likely to take out larger loans rather than pocket the savings. Continue reading

Posted in economy, people, prices | Tagged , , , , , , , , , | Leave a comment

Michigan to Make First AVs, but Loses Ford Transit to Mexico

In a transparent attempt at spin – in AI’s view laughable and tragic – Ford is re-adding a second shift at Flat Rock. The plant will become the production home to vehicles from the company’s next-generation battery electric flexible architecture. These vehicles will follow, ahem, the all-electric performance SUV coming in 2020 from Ford’s Cuautitlan, Mexico, plant. Continue reading

Posted in autonomous vehicles, economy, electric vehicles, manufacturing | Tagged , , , , , , , , | Leave a comment

BMW Manufacturing Largest US Auto Exporter Again

The news comes as the disastrous results of President Trumps’ trade tampering were published. (Trump Record Deficit Watch – Another Proposed Increase) The U.S.’s trade deficit in goods with the rest of the world rose to its highest level in history in 2018 as the United States imported a record number of products, including from China. This increased the deficit to $891.3 billion as Trump caree Continue reading

Posted in economy, financial results, manufacturing | Tagged , , , , , , , | Leave a comment

IndustriALL Endorses Global Agreements to Fight and Shape Policy on the Growing Number of Auto Plant Closures

So whither auto plants with their well-paid, highly skilled and heavily unionized work? Plant closures and retrenchments in several countries is worrying for unions. Continue reading

Posted in auto news, economy, labor issues, manufacturing | Tagged , , , , , , , , , , , , , , | Leave a comment

North American Production Up, But Sales Down

With 2018 in the rearview mirror, overall sales of imported vehicles increased by just over 2%, with imported SUV sales skyrocketing by more than 15%, due to a lack of regionally-produced models to meet the ever-growing demand for the boxy body style. Continue reading

Posted in economy, manufacturing | Leave a comment