Last week, President Donald Trump threatened to slap heavy tariffs on imported cars. The president asked Commerce Secretary Wilbur Ross to consider whether the imports of automobiles, including trucks and automotive parts, threaten U.S. national security. The move prompted an outcry from U.S. lawmakers as well as the foreign car companies. And investors reacted by selling shares of big European automakers, with both BMW and Daimler dropping on May 24 more than 3 percent in European trading on the news. This week, German magazine Wirtschaftswoche reported that President Donald Trump told told French President Emmanuel Macron he wants German carmakers out of the U.S. all together, according to Reuters. Here's what you should know about German automakers and their business in the U.S.: German brands dominate the U.S. luxury vehicle market In 2017, Mercedes had about 17 percent of this market, BMW had 15 percent (about tied with Toyota Lexus) and Audi had 11 percent, … [Read more...] about Does Trump want to drive German cars out of America?
Luxury foreign cars
The biggest global auto show of the year showcases China's ambitions to become a leader in electric cars and the industry's multibillion-dollar scramble to roll out models that appeal to price-conscious but demanding Chinese drivers.Auto China 2018, which opens this week, follows Beijing's decision to allow full foreign ownership of Chinese automakers in a move to make the industry more flexible as it promotes electrics.The ruling Communist Party has transformed China into the biggest market for electrics with billions of dollars in subsidies to producers and buyers. Now, Beijing is winding down that support and shifting the financial burden to automakers with sales quotas that push them to develop models Chinese drivers want to buy.That is reflected in the auto show lineup: Global and Chinese brands including General Motors Co., Volkswagen AG and Nissan Motor Co. plan to display dozens of electrics and hybrids, from luxurious SUVs to compacts priced as low as 152,000 yuan … [Read more...] about China accelerating into the future with electric cars
The Chinese government announced today that it plans to change the rules for foreign car manufacturers that want to make vehicles in the country. It’s a major shift in the larger landscape for American, Asian, and European automakers. It’s also one that could benefit Tesla — though maybe not without burdening the company, which is already stretched thin as it tries to crank out Model 3s here in the United States. Until now, foreign automakers were not allowed to own more than 50 percent of manufacturing efforts on Chinese soil. This forced automakers to not only share profits in what has become the largest car market on the planet, but in some cases, share expertise as well, all as part of an effort to create a rising tide for Chinese car companies. But now the Chinese government says it will lift those restrictions on makers of electric vehicles sometime later this year. It will remove them for commercial vehicles in 2020, and on conventional passenger vehicles in … [Read more...] about New rules on making cars in China could help Tesla — or give it even more to worry about
The organisers, the German carmakers' association VDA, said the IAA's 66th edition promises 210 world premieres and an "amazing display of innovations" from 1,100 exhibitors from 39 countries, The biennial event, which alternates with the Paris auto show, is held in Frankfurt's gigantic trade fair exhibition, a space the size of 33 football pitches. The world press will get a sneak preview on Tuesday and then industry professionals will have the grounds to themselves for two days before it is open to the public on Saturday. Europe in recovery After long years of crisis, the automobile industry finally has something to smile about as demand picks up again in Europe, where new registrations increased by 8.2 percent in the first six months of this year. The European Automobile Manufacturers' Association ACEA, scheduled to publish new data on Tuesday, is pencilling in growth of around five percent for the whole year. But that increase will not be sufficient to return the industry to … [Read more...] about Petrolheads gear up for Frankfurt car show
Looking for a gold-plated Samsung Galaxy S7 or S7 edge? Karalux has just the thing! Although we can't offer commentary on how well its craftmen accomplish the gold-plating process compared to others in the rich people-pleasing niche, Karalux has been around for a long time and has established itself as a supplier of gifts for VIPs like politicians, foreign partners, and high-profile international visitors coming to its homeland of Vietnam.In addition to coating iPhones, Samsungs, and BlackBerries in bling-bling, Karalux has done the same for luxury cars by the likes of Rolls-Royce, BMW, and Lexus. So it's fair to say that turning Samsung's flagships into pure gold shouldn't pose much of a challenge for the skilled craftsmen. That doesn't mean it's an easy process, though. Karalux’s engineers spend six hours of work on each Galaxy S7 or S7 edge, taking it through ten different stages that include surface treatment, surface activation, making precious metal layers and coating … [Read more...] about Let Karalux’s 24K Gold Galaxy S7 and S7 edge remind you of all the other luxury stuff you can’t afford