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The automotive industry unites to fight the Trump's automotive tariffs



Art: Jason Torcinski
Morning shift All your daily news about the car in a convenient location. Is not your time more important? Autoproducers struggle against President Donald Trump's import tariffs, lowering sales of new cars in March, gaining some insight into Nissan's Carlos Ghosn, and much more about Morning shift on Friday, March 29, 2019.

For the past one year, Trump has advocated a heavy – perhaps 25 percent – import tariff for cars, cars, and Bloomberg reported in a new story that much of the automotive industry believes this is a bad idea, and some executives believe that it may "cripple a sector that is already facing a slowdown."

t but now they are stepping up their game. From the story:

The groups representing many weapons of the industry – automakers, dealers, parts suppliers and after-sales services – are on the brink of their opposition to the new charges the White House views, a rarity for an industry that often disagrees for the news, talks with Subaru of US President and CEO Tom Dol, who was one of the many representatives of the automotive industry who flew to Washington to lobby against a potential tariff for imported cars and parts for cars. From Bloomberg: "I came here specifically to talk to people in our Congress about these tariffs and the impact they potentially have on our entire distribution chain and how it will eventually work through the distribution chain in our prices, Doll said in an interview with Bloomberg TV on Tuesday. "This is something we enjoy a lot of people in Congress, so we hope this will be decided."

The story talks about what can affect the tariffs on car prices and not just imports from other countries:

A 25 percent tariff for all cars and parts may increase prices for new vehicles with about $ 4,400 on average, according to a 2018 study by the Center for Automotive Research. Prices for imported vehicles could rise by $ 6,875 per vehicle and US-produced cars could see $ 2,270, according to the report, according to which more than 700,000 jobs in the United States may also be lost.

According to the article, Trump will consider the Ministry of Commerce's recommendations on this issue, and although technically it is entitled to respond by May 18, the decision may take longer. So, who knows how or when the whole car import tax will be squeezed

Second Transmission: Commercial Pressure Can Also Hurt Car Sales

Every month, industrial analysts report sales data on cars and ending March, it seems that figures may have fallen for the third consecutive month, Automotive News reported. According to the news, four forecasts have projected a drop of 1.5 to 7% compared to March last year

According to a Cox Automotive analyst, uncertainty in trade policies may contribute to declining sales.

Analysts say the decline is due to the unregulated regulatory environment, as well as fears that vehicles are becoming more and more inaccessible to consumers.

Cox said stock market volatility, uncertainty about President Donald Trump's trade policies, and fears of a potential slowdown in the economy could deter some potential buyers. He noted that continuing the rise in new vehicle prices coupled with cool incentives could also hinder sales.

Another interesting factor may be the lower tax returns that people complain about this year:

Another factor that potentially hinders sales: a reform tax. Cox noted that the tax law that came into force last year had positive effects in 2018, but led to lower refunds for some consumers during this tax season. In other words, smaller refunds can reduce purchases of new cars. God, I have heard many complaints about this year's tax returns.

Third Gear: Nissan of Ghosn looked like Shitshow

So far, everyone knows about Carlos Ghosn, the former Nissan-Renault boss, who was brought to court in Japan for alleged financial misconduct.

But if you want to read what the corporate culture and the tension between Renault and Nissan are as its powers, the New York Times describes a detailed chic, saying, "Mr. Ghosn was, as a critical management report revealed this week, "deified in Nissan", a leader whose decisions and activities were "considered to be impervious to the company." It is known to expel managers who disagree with it. He shares power – and his plans – with only a few loyal leaders.

The story goes:

Some of the divisions were fueled by Mr Gosn himself, Nissan's former director said in interviews. The result is a toothed dashboard, internal observers without the power to investigate top executives and, according to Nissan's new leaders and ex-officers, a prominent corporate leader.

The environment is ripe for shoving back – and now Mr Ghosn said that's exactly what happened to him.

A key part of the article is the description of the tension between Nissan and Renault – two companies that once thought they were united to form a smooth one. – corporate partnership. This is further complicated by the partial ownership of the French government of Renault.

Among the tension, the story describes how some Nissan people worry that the brand is losing its identity, sharing so many parts with Renault: "The drive mechanism," said Tetsugi Isozaki, a former trade union leader working at Nissan engine development and is now a member of the Japanese Parliament, describing how blur began. – Then the transmission. Then it was the next thing, then the next thing, until it came to a place where the personality of the car was on the map. Some people began to ask, "Is not that too far?"

He continued to describe the role of Gos in Reno and Nissan:

"He assured himself that each part of the organization depended on it to function," Takeshi Yamagiwa, business consultant at Tokyo, who spent three decades in Nissan, where he was driving the development of vehicles. "He came to a point where only Mr. Gosnon's clone would be able to inherit him."

But the "strong" Goshen is key to the partnership between Renault and Nissan, and now the Times also referred to this partnership as "broken (19659004) Still, now the merger negotiations are back and perhaps Fiat Chrysler on the table, and we're skeptical about it

4th Gear: Lyft is valued at $ 24 billion in IPO, but the company's forecast is unclear

Lyft filed for initial public offering earlier this month and plans to sell for $ 72 a share on Friday, which led the company's estimate to about $ 24 billion.

But do investors need to get out and get hold of stocks? Maybe not. The Wall Street Journal describes some of the company's challenges:

Lyft, launched in 2012, says its service is now available to over 95% of the US population, but only 1% of the miles spent in The United States is happening on horseback networks. This discrepancy could offer a great market opportunity for Lyft outside urban areas. The fact that the concept of demand-side sharing is available for nearly a decade with so few miles written is not a very encouraging sign of its value in the wider market.

The company loses a lot of troublesome money, investors have to hope that revenue growth will become sustainable with less marketing costs or will increase enough to compensate for bleeding. In the short term, this does not seem likely.

The story goes on to say that Lyft and Uber spend a lot of money on marketing to compete with each other, and ultimately concludes that "the payout is uncertain".

More about this by us later today.

5th Gear: Giant car supplier ZF becomes even more giant

ZF Friedrichshafen – the German auto parts supplier, which employs 146,000 people around the world, makes different chassis and chassis parts, including transmissions not only for cars but also for boats, commercial vehicles, motorcycles, helicopters and even wind turbines, has just announced its latest $ 7 billion to acquire the Swiss company for commercial safety and commercial vehicle WABCO

Westinghouse Air Brake Company, founded e. 1869 in the United States, WABCO is known for its active commercial vehicle safety systems such as automatic emergency braking, as well as air suspension systems for transmission automation systems. ZF said in its press release that WABCO's acquisition for the first time will lead to the introduction of ZF portfolio business experience – a key area for ZF as it wants to develop its automated management game.

From ZF:

ZF expects automated driving functions to be primarily applied to commercial vehicles and areas with low complexity and traffic (eg factories, airports, agriculture). The combination of the two businesses is expected to further accelerate the development of new technologies to enable autonomous commercial vehicles, making ZF less dependent on the business cycle of the passenger car industry.

The planned strategic acquisition of WABCO is in line with ZF's goal of developing and delivering technology solutions that allow cars and commercial vehicles to see, think and act to reduce emissions and increase road safety. While ZF already has sensor systems and computing technology for its "vision" and "thinking" competencies, WABCO ZF will in the future complete its commercial vehicle technology portfolio to offer solutions that will allow vehicles to "Act".

Reverse Chief Executive Officer of General Motors Rick Vagoner asks to resign in Carpocallips

MLive:

General Motors Chairman and CEO Rick Vagoner will immediately withdraw at the request of the White House , officials from the administration said on Sunday. The news comes when President Obama is preparing to uncover further restructuring efforts designed to save the local automotive industry. Employees have requested not to be identified because the details of the restructuring plan have not yet been published. On Monday, Obama will announce restructuring measures for GM and Chrysler LLC in exchange for additional government loans

Neutral: Are you on board with tariffs?

When does car tariffs make sense to your eyes


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