hope you had a great weekend coming up why GM is making no apologies but firstlet’s get you caught up with the latest headlineswe’ll begin with trade pricey European convertibles are among the vehicles thatcould become even more rare on American roads if President Donald Trump’sproposal to slap tariffs on imported cars takes effect on Friday Trumpthreatened to impose a 20% import tariffs on vehicles assembled in theEuropean Union one auto executive telling Reuters quote the tariffs ifthey materialize would call into question the business case for manyniche models we currently sell in the United States the executive goes on tosay convertibles are a particular headache with brexit and US tariffs thismarket could shrink further brexit refers to the UK’s pending exit from theEuropean Union the executive said convertibles may not disappear if carmakers can forge alliances to share production costs or design vehicles thatare less expensive to build alongside high-volume models convertible sales arealready dwindling in the US according to LMC automotive sales fell from 177thousand in 2012 to 127 thousand in 2017 that’s a drop of more than 28 percentLMC projects a further drop to 113,000 drag tops by 2019 and that’s evenwithout a tariff increase people who over the UK take a ride with uber everyweek in a new ad campaign uber tells citizens of one of its largest marketsthat its service is safe for riders and lucrative for drivers but as bloombergreports this week the ride-hailing companies fate too will be in the handsof a much smaller audience a judge in central London where ubers long-awaitedhearing begins today the company will argue that it is fit and proper to holda license in the English capital this after thecity’s Transport Authority Transport for London refused to extend lubbersoperating permit last September Faraday future a struggling Chinesebacked electric carmaker based in Silicon Valley says it’s beenapproved to receive two billion dollars in equity funding that approval from theCommittee on foreign investment in the United States the panel reviewspotential foreign investment to ensure it does not compromise national securityin a tweet Faraday lists Hong kong-based Evergrandehealth as a new strategic investor Faraday calls the funding a majormilestone and uses the hashtag FF 91 a reference to its first productionvehicle and women in Saudi Arabia hit the roads on Sunday marking the officialend of the world’s last ban on female drivers General Motors CEO Mary Barrahas often talked about the rapidly evolving auto world we are seeing morechange in the next five to ten years in the last 50 to stay ahead of the changethe automaker is transforming its century-old business through data andnew technologies and now it’s helping its dealers to do the same for exampleGM is rolling out a slew of tools that promise dealers the kinds of insightsinto their business operations that are typically the domain of third-partyvendors however many retailers have voiced concerns over their car makersgrowing initiatives as well as the pace of change nonetheless GM North AmericaPresident Alan Beatty says with so much technology coming at a dealer today thecompany felt it needed to take a leadership role in helping out itsretailers figure things out things are moving fast everyone wouldlike to say you know can you slow it down but we can’t apologize for thatbecause the whole world is moving particularly fast we’re just in a reallygreat position because we’ve got the tools to captwo lies on and so I think the dealers are you know accepting the challengeaccepting the opportunity and I do believe that in the future for dealerprofitability after sales and adjacencies are going to be criticallyimportant among the tools GM is set to launch a program called on track itworks through OnStar in the company says it will take the burden off dealers totrack the location mileage and maintenance needs of service loners formore with baby see today’s print issue of automotive news if you’re a dealerchances are you’ve read this our fixed ops journal we’ve been publishing it forthree years and now automotive news is holding its first fix ops journal forumit takes place Thursday August 9th in Atlanta the forum will focus onchallenges that affect franchise dealerships parts and servicedepartments such as employee compensation recruitment and shopcapacity to learn more and register for the event visit Auto news. com slash fojforum that wraps up today’s newscast thanks for watchingtake careyou
source https://cardetailingphoenix.com/index.php/2018/08/02/running-european-convertibles-off-u-s-roads-__-automotive-news-tv-car-news-auto-news-first-shift/
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