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June 20, 2017 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Ghosn Sees Renault-Nissan Passing VW, Toyota as Global No. 1 This Year
GM Laying Off About 1,000 Workers Amid Downturn in Passenger-Car Sales
Passenger Car Market Decline A Big Concern For Toyota and Honda
GM's Barra Applauds Trump for Cutting Regulations
U.S. Shoppers More Willing to Pay for Vehicle Technology
Top Stories
Ghosn Sees Renault-Nissan Passing VW, Toyota as Global No. 1 This Year

Two years ago, Carlos Ghosn said Renault-Nissan Alliance would be one of the top three global automakers by 2018. That prediction has come true a year early, largely due to the addition of Mitsubishi in 2016. Now Ghosn believes the alliance could soon pass Volkswagen Group and Toyota to become the best-selling car company.
Source: Automotive News

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GM Laying Off About 1,000 Workers Amid Downturn in Passenger-Car Sales

Auto maker notified employees third shift at Kansas City, Kan., factory will be eliminated

General Motors  Co.  will eliminate a shift at a sedan plant in Kansas City, Kan., laying off about 1,000 people as the nation’s largest auto maker continues to shed thousands of factory jobs amid a sharp downturn in demand for passenger cars. “Lower demand for passenger cars across the industry has caused us to adjust production of some models,” GM said in a statement. The company said it is launching a “record number” of crossover SUVs to retain customers who are defecting from sedans.
Source: The Wall Street Journal

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Passenger Car Market Decline A Big Concern For Toyota and Honda

Toyota Motors and Honda Motor Co. have had a great deal of success in the U.S. passenger car market with their Camry, Corolla, Civic, and Accord sedans. However, in the past few years, passenger car sales in the U.S. car market, the second biggest auto market in the world, have declined. The trend looks set to continue in 2017.
Source: Forbes

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GM's Barra Applauds Trump for Cutting Regulations

General Motors Co. Chairman and CEO Mary Barra applauded President Donald Trump’s administration on Monday for working to reduce the number of regulations that U.S. companies have to comply with to conduct business in the nation. Speaking at a panel discussion in Washington about global business trends that was organized by the U.S. Department of Commerce, Barra said streamlining the U.S. regulatory environment is “one of the most important things that the Trump administration is working on that I’ve seen.
Source: The Detroit News

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U.S. Shoppers More Willing to Pay for Vehicle Technology

Evidently vehicle shoppers in the U.S. will pay a much higher sum for advanced technology in their next new model than their counterparts in places such as Canada, Germany, the United Kingdom and China. And IHS Markit suggested that automakers adjust their strategies accordingly. The firm released a new global survey on consumer preferences for automotive technology on Monday.
Source: Auto Remarketing

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Quotable
"We have been among the top three carmakers since January in sales volume, and we expect to be in the top spot by midyear -- although this was not our goal."

    -- Carlos Ghosn, chairman and CEO, Renault-Nissan Alliance, Automotive News, June 20

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