News FCA CEO Marchionne Calls for Calm Amidst Trade War Threats
Five More Ways To Save When Buying A New Car
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President Donald Trump's plan to impose tariffs on imports of steel and aluminum to the United States has sparked fears of a global trade war. Those fears heightened when European Commission president Jean-Claude Juncker reacted angrily to the announcement from the White House, promising to impose retaliatory tariffs on jeans, bourbon, and Harley-Davidson motorcycles. "We can also do stupid," Juncker said of the plans.responded by threatening to slap a 25-percent duty on vehicles imported from the European Union.
The U.S. is the biggest single export market for EU automakers, accounting for about 1 million units, about 15 percent of the industry's total exports, in 2016. Those vehicles are currently subject to an import duty of 2.5 percent. An increase of 25 percent would have a catastrophic impact on, revenue, and profitability. Hardest hit would be Germany's Daimler, , and Group, which make 10 to 13 percent of their overall profits from the U.S. market alone.
Toyota unveiled a crazy-looking self-driving vehicle that could haul freight or deliver pizza on the sidewalk
<p>Toyota revealed a self-driving concept vehicle, the e-Palette, at CES on Monday</p>The electric, box-shaped vehicle will come in three sizes. The largest will be around the size of a bus and be able to haul freight and make large deliveries, while the smallest will be compact enough to travel on sidewalks. Toyota envisions the e-Palette will serve a variety of potential uses, allowing businesses to deliver goods, transport people, or use the vehicle as a mobile storefront or office.
Trump and a tariff war has been the elephant in the room for many senior auto industry execs at the Geneva show this week. Few wanted to talk on the record about it. FCA andboss Sergio Marchionne had no such qualms, however.
Marchionne, who called the EU threats to impose retaliatory tariffs "an unnecessarily childish reaction," called for calm on all sides. "I think everyone should just be very quiet for a couple of days, recollect their brain cells, and then sit down at the table and argue this thing out intelligently, without letting tempers and rhetoric get in the way."
One difficulty for European automakers is the tariff arrangement between the U.S. and the EU is not equal. EU-made vehicles sold in the U.S. are charged import duty of 2.5 percent, while U.S.-made vehicles imported into the EU are charged 10 percent duty.
Harman MoodRoof Revealed at CES 2018 in Las Vegas
The MoodRoof is a QLED panel on the interior of your self-driving car which sets the mood for your trip.Harman unveiled the concept technology QLED MoodRoof. The MoodRoof is the centerpiece of a larger audio suite the company is calling Moodscape. The MoodRoof is a digital display that spans the interior roof of a car. Not only will it be able to display peaceful, serene photos to help calm your nerves, it can also produce flowing visual imagery perfectly in sync with whatever music you’ve got playing in the car.
"It is undoubtedly true that Washington has an issue with thethat was put in place by previous administrations," Marchionne said. "President Trump and his administration are trying to rectify this thing in a way they think protects American interests. You may disagree with that statement, but that's the view. It's no use to just ignore it, or threaten retaliation. It won't work."
Marchionne wants government and industry to sit down and hammer out a solution to a complicated issue. "People who are involved inare finding out that President Trump is dead serious about this. We need to take it seriously."
Ferrari Says That A Hybrid V8 Is 'Coming For 2019,' Will Undoubtedly Power Hopes And Dreams .
It seems like a Ferrari hybrid V8 is just around the corner. Speaking with Auto Express recently, company boss Sergio Marchionne gave some hints about what could be the first hybrid production-ready Ferrari since the LaFerrari. From the story:“A Ferrari V8 hybrid is coming for 2019. The test mules are around now,” Marchionne confirmed. Marchionne claims that the new powertrain “needs to become more of a traditional hybrid [than the LaFerrari] to fulfill a different role.”“We will embrace electrification. It will become a mainstay in our portfolio,” Marchionne went on to say.
FCA CEO Marchionne Calls for Calm Amidst Trade War Threats
FCA CEO Marchionne Calls for Calm Amidst Trade War Threats President Donald Trump's plan to impose tariffs on imports of steel and aluminum to the United States has sparked fears of a global...
FCA, LETTERA A MARCHIONNE SU FUTURO DI TORINO
Occhi puntati sul futuro degli stabilimenti torinesi di FCA. Regione Comune e Sindacati chiedono incontro chiarificatore con i vertici del gruppo.
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