Tag: China
Toyota again slashes June production expectations
For the second time in a week, Toyota Motor Corp. said Friday it was reducing its global production expectations for the month of June,...
How the magnesium shortage could affect the auto industry
While the semiconductor chip shortage remains the most discussed deficit affecting the auto industry, the low magnesium supply is increasingly becoming a concern as well. China’s energy crisis has caused a significant increase in energy costs as well as the need for many manufacturing plants to shut down or slow production in order to meet […]
Ford and GlobalFoundries partnership aims to cut into chip shortage
On Thursday, Nov 18, Ford Motor Company and GlobalFoundries announced an initiative to boost the supply of much-needed semiconductor microchips for US manufacturing. The two companies will collaborate “to advance semiconductor manufacturing and technology development” at home in the U.S. with the goal of boosting quantities in the supply chain and taking back control. According […]
Car dealer and Ohio Senate Candidate Bernie Moreno discusses record campaign...
On today’s show, we’re pleased to welcome Bernie Moreno, President of Bernie Moreno Companies. He's entered the race to be the next Senator of...
Beijing Auto Show foreshadows automotive retail future
The 2020 Beijing International Automotive Exhibition kicked off on Saturday, Sept 26 as the first major auto show since the coronavirus pandemic began after initially being postponed from its original April date. Huge crowds were present in the exhibition center as the event got underway despite the heightened awareness of health, a clear signal of […]
Auto industry leaders sue US over Chinese import tariffs
Lawsuits have been filed with the Court of International Trade by four carmakers to recoup reimbursement for duties paid on car parts imported from China. The news story from has been reported by several news outlets worldwide including BBC, The Guardian, and Industry Leaders Magazine, again portraying the Trump tariffs in a negative light. Filings […]
CBT automotive newscast: September 29, 2020
Today’s Featured Interview:
NADA Vice Chairman Paul Walser reflects on COVID-19 challenges and looks ahead to 2021
With 26 dealerships, Walser Automotive Group is the 56th largest auto...
U.S. putting pressure on China, considers blacklisting chipmaker
Earlier this year, Chinese carmakers were attempting to be the first to crack into the American auto market. Brands such as GAC Motor and Vantas were expected to target the auto industry in the US with low-cost models, capturing a part of a 17 million-unit per year sector. Instead, the tables have turned as the […]
Is Coronavirus Affecting North American Auto Retail?
Respirator masks are selling out on store shelves, Amazon, and eBay. Worldwide, people are stocking up on basic necessities and preparing for the possibility that COVID-19 coronavirus will be declared a pandemic. The virus’s reach in North America is extremely isolated to date, but the implications are already filtering into many industries, including automotive retail. […]
China Makes Significant Move in Trade War with U.S.
The trade war between US and China just got worse on Friday. Beijing has now imposed tariffs on $75 billion in American goods in retaliation for Trump’s escalating tariffs on imported Chinese goods. The conflict has been on a collision course, with many Americans waiting for the other shoe to drop. It seems it may […]
