US Auto Sales Fall for 2nd Year at GM, Ford, FCA, Toyota, BMW, Mazda. Total 2017 Sales Drop Below 2015

US Auto Sales Fall for 2nd Year at GM, Ford, FCA, Toyota, BMW, Mazda. Total 2017 Sales Drop Below 2015:

Tesla gets crushed by the big boys.

Total new-vehicle sales in the US fell 5.2% year-over-year in December to 1.6 million units. For all of 2017, sales declined by 320,000 vehicles, or 1.8%, to 17.23 million units. It was the first overall decline since the Financial Crisis.

Compared to 2015, sales fell by 249,033 vehicles, or 1.4%. These sales are vehicles delivered by dealers to their customers, or delivered by automakers directly to large fleet customers, as reported by Autodata.

For the big three US automakers and some import brands it was the second year in a row of sales declines (two-year percent change from 2015):

  • GM -2.7%
  • Ford -1.1%
  • Fiat Chrysler (FCA) -8.6%
  • Toyota -2.6%
  • BMW -12.6%
  • Mazda -9.3%

The table below shows new-vehicle sales by automaker, sorted by total sales in 2017 (gray column). Automakers with declining sales in 2017 are marked in red. The green column shows the two-year percentage change from 2015:

Read moreUS Auto Sales Fall for 2nd Year at GM, Ford, FCA, Toyota, BMW, Mazda. Total 2017 Sales Drop Below 2015

Toyota To Invest $10 Billion In America As Jack Ma Meets Trump To Discuss Creation Of 1 Million US Jobs

Toyota To Invest $10 Billion In America As Jack Ma Meets Trump To Discuss Creation Of 1 Million US Jobs:

Alibaba executive Chairman Jack Ma met with Donald Trump on Monday to discuss plans to create 1 million new U.S. jobs over the next five years. At the same time, Toyota said it plans to invest $10 billion in the US over the next 5 years.

An Angry Japan Responds To Trump’s Toyota Taunts

An Angry Japan Responds To Trump’s Toyota Taunts:

Japanese government officials pushed back against Donald Trump’s criticism of Toyota as the attack on the country’s most powerful corporate name sent shockwaves across Japan Inc.

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Toyota developing free piston engine linear generator for hybrid cars

H/t reader kevin a:

“This is an Amazing engine.”


toyota-linear-generator-876

Toyota developing free piston engine linear generator for hybrid cars:

Toyota is hot on hydrogen fuel cells for its next-generation cars, but it’s not going cold on internal combustion just yet.

The company’s R&D division has developed a Free Piston Engine Linear Generator that can convert gasoline and other fuels into electricity more efficiently than existing systems.

It’s a technology that could lead to lighter, more efficient, better-packaged powertrains for plug-in hybrid cars.

Read moreToyota developing free piston engine linear generator for hybrid cars

AND NOW: Toyota unveils Kirobo Mini, a robot baby intended to make lonely people more happy

toyota-unveils-kirobo-mini-a-robot-baby-intended-to-make-lonely-people-more-happy

Toyota unveils Kirobo Mini, a robot baby intended to make lonely people more happy:

The little machine is four inches tall and costs £300

Toyota has created a tiny robot baby that it hopes can make lonely people more happy.

The company’s Kirobo Mini is meant to help provide a companion. It looks like a baby – and could even serve that purpose for people in Japan, where it will be sold and where falling birth rates mean there are fewer and fewer children.

The little robot is four inches tall, speaks like a baby and will cost £300 when it goes on sale. It is a small version of the original Kirobo robot – which had a lot more capabilities and was sent into space in 2013.

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Study: Audi, BMW And VW ‘Among Worst For Engine Failures’

Hmmh.


Audi, BMW and VW ranked in the bottom 10 of a study into engine reliability



German cars ‘among worst for engine failures’ (Auto Express, Jan 18, 2013):

German-made cars are not as reliable as many believe, according to new research. Warranty Direct has studied its claims data to compile a list of the manufacturers with the most reliable engines – and Audi, BMW and Volkswagen all finished in the bottom 10 out of a total 36 makers.

In fact, the only firm whose cars had a worse engine failure rate than Audi was MG Rover. MINI wasn’t much better, finishing third from bottom, while its parent company BMW came seventh from bottom. And, despite its reputation for rock-solid reliability, Volkswagen came ninth from bottom.

Read moreStudy: Audi, BMW And VW ‘Among Worst For Engine Failures’

Japanese Businesses Shuttering Chinese Facilities As Mainland Anger Spreads

Japanese Businesses Shuttering Chinese Facilities As Mainland Anger Spreads (ZeroHedge, Sep 17, 2012):

When you have central planners printing inverse-wealth (because money printing dilution by definition means less wealth for everyone), who needs that cornerstone of old school economics: trade. Certainly not Japan (which has been diluting its futures to prosperity for the past 30 years and somehow failing each and every time) and China, both of which are now starting to feel the consequences of the collapse in political relations as a result of the senseless spat of the Senkaku Islands (recorded in its full visual glory here). As the NYT reports, “major Japanese companies closed factories in China and urged expatriate workers to stay indoors Monday, after angry protests flared over a territorial dispute, which threatened to hurt trade ties between the two biggest Asian economies.” What does the idiotic escalation in unprovoked Japanese tensions over a rock in the East China Sea (note: not West Japan Sea) for the bottom line of Japan? In a word: Lots.

“Increasing tensions further Monday, the Chinese state media warned Japan that it could suffer another “lost decade” if trade ties soured. China and Japan generated two-way trade worth $345 billion last year, and China is the biggest single trading partner of Japan. Protests broke out across dozens of Chinese cities over the weekend, some violent, in response to the Japanese government’s decision last week to buy some of the disputed islands from a private Japanese owner.”

To summarize: in the past week alone, Japan has already suffered about $7 billion in lost benefit from trade as the trade relations between the two countries have frozen. But at least Japan’s nationalistic pride is content: after all it managed to put up its flag on some completely meaningless island in the middle of nowhere, containing zero natural resources. Luckily for everyone, the central planners who are now in charge of everything, have a much better grasp on things.

More from the NYT:

The protests focused mainly on Japanese diplomatic missions but also struck shops, restaurants and car dealerships in at least five cities. Toyota and Honda reported that arson attacks had badly damaged their stores in Qingdao.

Read moreJapanese Businesses Shuttering Chinese Facilities As Mainland Anger Spreads