Sergio Marchionne Set a High Bar for What Is Possible in the Auto Industry

referring to He famously pushed for a deal with GM in 2015, but was rebuffed by Chief Executive Mary Barra. Mr. Marchionne's thinking for specialist businesses was completely different: Set them free. Interestingly, Mr. Marchionne himself disdained the arms race in automotive tech, preferring to focus on partnerships with specialists like Alphabet's Waymo and Intel . A worthy successor to Mr. Marchionne in seeking gains from mergers may be Carlos Tavares at Peugeot SA, which last year bought GM's European arm Opel Vauxhall. For years to come, Mr. Marchionne will set a high bar for what is possible.

Dumbest Auto Industry Merger Somehow Making Profit

Welcome to The Morning Shift, your roundup of the auto news you crave, all in one place every morning of every weekday. 1st Gear: PSA is Somehow Making Money After Acquiring OpelPSA Peugeot-Citroën had been struggling for years trying to get Europeans to buy mostly a lineup of uniformly bronze midsize sedans with no character. AdvertisementIt was the dumbest auto merger I could possibly think of, short of the time Packard bought basket-case Studebaker without even doing an independent audit of Studebaker's books. Parent company net income increased 23 percent to 28.2 billion yen ($254.8 million) in the April-June period, from 23 billion yen ($207.8 million) in the previous fiscal year. 5th Gear: Jeep in China is Suffering from Old ModelsIf you're curious how Fiat Chrysler is doing over in China, the answer is not all that great!

The Many Ways Trump's Trade Disputes Are Affecting the Auto Industry

as declared in Mr. Trump has also implemented or suggested other tariffs that could affect the auto industry. Here is a look at the tariffs in place, the proposed new tariffs and the other trade issues facing the auto industry. These car makers say they are being forced to charge customers more, or absorb the added costs. He didn't mention that the U.S. imposes a 25% tariff on imports of light trucks, versus Europe's 10% rate for those same vehicles. This latest tariff proposal would target more than hundred car parts, including everything from struts and gearboxes to windshield glass and brake pads.

Auto Industry Will Squawk Loud And Long, In Auto Tariff Hearings This Week

Besides raising costs directly on imports in the United States, the auto industry fears tariffs would cause U.S. trading partners to retaliate with tariffs of their own. The investigation echoes a similar action regarding imported aluminum and steel, which the auto industry also — vainly — opposed. For automakers — especially for a long list of foreign automakers with U.S. factories — the notion stings that imported autos could pose a threat to the U.S. national security. "Jobs are national security," the American International Automobile Dealers Association, Alexandria, Va., said in comments to the Commerce Department. By hurting the economy and potentially causing job losses, U.S. tariffs would hurt rather than help U.S. national security, the dealer group said.




collected by :Catlin Logan