“We can get there with the technology,” Magna’s Swamy Kotagiri says at the Management Briefing Seminars. “The biggest hurdles relate to how much infrastructure (is necessary) and issues related to ethics and liability.”
GM’s purchasing chief concedes the automaker has needed to mend supplier relations, but he says the push for component and vehicle commonality has resulted in longer-term sourcing, which benefits both sides.
An expert says lower wages, growing technology prowess, improved quality and productivity, plus its favorable location amenable to exports, are contributing to Mexico’s success in luring automotive investment.
Mohatarem credits growing employment and near-zero inflation as major factors in the more robust outlook. GM has kept a lid on big incentive programs, he says, which automakers typically employ to stir sales.
The Chevy pickup has comfortable seats, a smooth ride and quiet cabin, and it passed the inclement weather test. But the gas gauge and storage bins are tiny. It’s a worthy competitor in the midsize pickup segment.
Normally a beacon of light, the sprawling Grand Traverse Resort hosting MBS managed to keep open Sunday with a smattering of emergency lighting, but clerks needed glow sticks and light from cell phones to register guests.
Identified closely with the K-car, Dodge Viper and minivan while at Chrysler and the GT and Mustang during his days at Ford, engineer Chris Theodore is keeping active consulting and inventing better turbochargers and EVs.
Challenges facing the U.S. manufacturing sector include cost pressures, adapting to new technology, finding and retaining skilled workers and overcoming what the executive calls structural cost burdens.
Last year, Hyundai was the first automaker in the world to sell a vehicle powered by a hydrogen fuel cell. Hyundai Vice Chairman Woong-chul Yang makes it clear the automaker plans to be a trailblazer in hybrids as well as fuel cells....More
New-car sales in China are expected to grow at least 5% this year. But margins on those sales, already small, have vanished for many dealers. Retailers now are looking to look to areas such as finance and insurance and used-car sales for profits....More