The UK government wants to fit all new homes with charging points for electric cars

The UK government unveiled plans which could see all new-build homes fitted with electric-car charging points. In addition, authorities want all newly-installed rapid and higher-powered public charge points to take debit or credit card payments by the spring of 2020. Currently, electric car users can apply for a grant of up to £500 off the cost of installing a charge point at their residence. Worldwide electric car sales hit 1.98 million in 2018, according to the International Energy Agency (IEA


The UK government unveiled plans which could see all new-build homes fitted with electric-car charging points. In addition, authorities want all newly-installed rapid and higher-powered public charge points to take debit or credit card payments by the spring of 2020. Currently, electric car users can apply for a grant of up to £500 off the cost of installing a charge point at their residence. Worldwide electric car sales hit 1.98 million in 2018, according to the International Energy Agency (IEA
The UK government wants to fit all new homes with charging points for electric cars Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: anmar frangoul
Keywords: news, cnbc, companies, points, car, fit, uk, charging, cars, electric, charge, homes, plans, million, iea, newbuild, vehicles, wants


The UK government wants to fit all new homes with charging points for electric cars

The UK government unveiled plans which could see all new-build homes fitted with electric-car charging points.

The plans, which were laid out in a consultation published Monday, would look to support what the government described as “the growing uptake of electric vehicles within the U.K.”

If put into practice, all new-build homes with dedicated parking spaces would have charging points to make vehicle charging cheaper and more convenient for drivers.

In addition, authorities want all newly-installed rapid and higher-powered public charge points to take debit or credit card payments by the spring of 2020.

In a statement Monday, Transport Secretary Chris Grayling said that there was “an appetite for cleaner, greener transport.”

“Home charging provides the most convenient and low-cost option for consumers — you can simply plug your car in to charge overnight as you would a mobile phone,” Grayling added.

Currently, electric car users can apply for a grant of up to £500 off the cost of installing a charge point at their residence.

While electric vehicles are becoming the car of choice for an increasing number of drivers, they nevertheless face challenges, not least when it comes to perceptions surrounding range and charging infrastructure.

Worldwide electric car sales hit 1.98 million in 2018, according to the International Energy Agency (IEA), with global stock reaching 5.12 million. China’s electric car market is the biggest on the planet, the IEA says, with Europe and the U.S. following behind.


Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: anmar frangoul
Keywords: news, cnbc, companies, points, car, fit, uk, charging, cars, electric, charge, homes, plans, million, iea, newbuild, vehicles, wants


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Why Fiat’s classic Italian cars are struggling in the US

The Italian car brand and arguable style icon is suffering from extremely low sales in a market that has less and less interest in the tiny cars that has made it famous. In 2018, Fiat sold more than 15,000 cars in the U.S., down from a high in 2014 of over 46,000. “I think [Marchionne] wanted the Fiat 500 to be the Volkswagen Beetle of the Fiat brand,” said Jeff Schuster, president of global forecasting for LMC Automotive. The brand wanted to connect with those buyers who remember the history of


The Italian car brand and arguable style icon is suffering from extremely low sales in a market that has less and less interest in the tiny cars that has made it famous. In 2018, Fiat sold more than 15,000 cars in the U.S., down from a high in 2014 of over 46,000. “I think [Marchionne] wanted the Fiat 500 to be the Volkswagen Beetle of the Fiat brand,” said Jeff Schuster, president of global forecasting for LMC Automotive. The brand wanted to connect with those buyers who remember the history of
Why Fiat’s classic Italian cars are struggling in the US Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-05  Authors: robert ferris
Keywords: news, cnbc, companies, chrysler, struggling, vehicles, fiat, wanted, fiats, think, italian, 500, classic, car, brand, cars


Why Fiat's classic Italian cars are struggling in the US

Fiat faces a difficult future in the U.S., less than a decade after an attempted comeback.

The Italian car brand and arguable style icon is suffering from extremely low sales in a market that has less and less interest in the tiny cars that has made it famous.

In 2018, Fiat sold more than 15,000 cars in the U.S., down from a high in 2014 of over 46,000. When the brand had first returned to the U.S. in 2010 after a 27-year absence, Fiat Chrysler and the late Sergio Marchionne, who served as CEO, had hoped to sell 50,000 Fiats in the country in its first year.

At the center of that strategy was the Fiat 500, a small but stylish city car that was invented in the years following World War II as a practical car for the masses of Europe. Over the years, the 500 has become something of a legend of automotive design, even earning a spot in the Museum of Modern Art’s collection in New York.

“I think [Marchionne] wanted the Fiat 500 to be the Volkswagen Beetle of the Fiat brand,” said Jeff Schuster, president of global forecasting for LMC Automotive. “It has a history, it has a cult following to a degree. It is not just another small car. The brand wanted to connect with those buyers who remember the history of the 500.”

But it did not have a Beetle-like impact.

It didn’t help that Fiat’s vehicles earned less-than-stellar reviews and ratings from groups such as Consumer Reports and J.D. Power, and the U.S. auto market made an unprecedented shift toward pickup trucks, SUVs, and crossovers.

Fiat Chrysler has repeatedly said it doesn’t plan to abandon Fiat in the U.S.

“In North America, we continue to offer an attainable, all-turbo lineup of Italian-designed, fun-to-drive cars that get at least 30 [miles per gallon],” FCA representative Bryan Zvibleman said in an interview. “As outlined in our five-year plan last year, Fiat (together with Chrysler and Dodge) will get 25% of investment spend and will represent 20% of net revenues. In fact, we just launched our new Fiat 500X compact CUV/SUV. … The compact CUV/SUV segment is one of the fastest growing segments in the industry.”

He added that Fiat’s results in quality surveys continue to be skewed by limited models and sample sizes, as was the case in the recently released 2019 J.D. Power U.S. Initial Quality Study that did not include the brand in industry rankings.

Fiat could be turned into an electrified city car brand, said Schuster. The company already markets the 500e, an electric version of the 500. Both Europe and the U.S. are moving toward electric and hybrid vehicles over the long term, but the size and price point of Fiat’s lineup makes it hard to see how they can grow much in sales.

“So I think the outlook is still very limited, and I think it is really hard to sustain volume, even if you got it back up to 20,000 or 25,000 units,” he said. “… I think the possibility of Fiat pulling out of the U.S. is there.”


Company: cnbc, Activity: cnbc, Date: 2019-07-05  Authors: robert ferris
Keywords: news, cnbc, companies, chrysler, struggling, vehicles, fiat, wanted, fiats, think, italian, 500, classic, car, brand, cars


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Self-driving cars face two important challenges, says World Economic Forum executive

Automakers and technology companies have invested billions into researching autonomous vehicles. But the industry has two big challenges it needs to overcome before self-driving cars become widespread — technology and business models that can make money, according to Michelle Avary, head of autonomous mobility at the World Economic Forum. The first, obviously, is a technological challenge,” Avary told CNBC’s Geoff Cutmore and Arjun Kharpal at the World Economic Forum in Dalian, China. The other


Automakers and technology companies have invested billions into researching autonomous vehicles. But the industry has two big challenges it needs to overcome before self-driving cars become widespread — technology and business models that can make money, according to Michelle Avary, head of autonomous mobility at the World Economic Forum. The first, obviously, is a technological challenge,” Avary told CNBC’s Geoff Cutmore and Arjun Kharpal at the World Economic Forum in Dalian, China. The other
Self-driving cars face two important challenges, says World Economic Forum executive Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-01  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, selfdriving, model, autonomous, forum, important, technology, challenges, industry, companies, avary, world, face, big, business, executive, economic, cars


Self-driving cars face two important challenges, says World Economic Forum executive

Close-up of self driving minivan, with LIDAR and other sensor units and logo visible, part of Google parent company Alphabet Inc, driving past historic railroad station with sign reading Mountain View, in the Silicon Valley town of Mountain View, California, with safety driver visible, October 28, 2018.

Automakers and technology companies have invested billions into researching autonomous vehicles.

But the industry has two big challenges it needs to overcome before self-driving cars become widespread — technology and business models that can make money, according to Michelle Avary, head of autonomous mobility at the World Economic Forum.

“We’ve got a couple of big challenges in front of us. The first, obviously, is a technological challenge,” Avary told CNBC’s Geoff Cutmore and Arjun Kharpal at the World Economic Forum in Dalian, China.

“Really making sure that the technology is working in the areas of perception, which is vision — being able to identify objects and then understand how to move around them. That has yet to be solved.”

The industry relies on collaboration and sharing of data among companies to build the technology. If the ongoing trade tensions between the U.S. and China prevent firms from sharing geography-specific datasets, Avary said it will “actually stymie the growth of the industry” and prevent companies from operating outside their own countries.

Still, Avary said, there’s likely going to be more mergers and acquisitions as well as partnerships happening in the space between auto manufacturers and technology companies.

Recently, smartphone giant Apple purchased an autonomous vehicle start-up, Drive.ai, which confirmed the iPhone-maker’s continued interest in self-driving car software.

“The two sides need each other and the market is enormous, so, I think there’s a lot of opportunities for everyone to come out as winners,” she said.

The other big challenge, according to Avary, is the business model for self-driving vehicles.

“We see some big divergence between the whole idea of the business model of the robo-taxi versus what we see in areas like commercial trucking, mining and construction, where the business model case might be more readily made,” she said.

Robo-taxis refer to driverless ride-sharing services, which are being tested in various areas around the United States. Last month, Waymo, a subsidiary of Google-parent Alphabet, made some of its self-driving minivans available to customers of ride-sharing company Lyft. The latter’s rival Uber is also working to deploy self-driving cars without safety drivers in limited areas.

For its part, Waymo is developing autonomous vehicles and related services, and has signed deals with Renault and Nissan to develop self-driving cars and trucks for use in France, Japan and possibly other countries in Europe and Asia.


Company: cnbc, Activity: cnbc, Date: 2019-07-01  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, selfdriving, model, autonomous, forum, important, technology, challenges, industry, companies, avary, world, face, big, business, executive, economic, cars


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These two risks could sneak up on investors in the year’s second half

While Wall Street focuses on U.S.-China trade war dangers, Medley Global Advisors’ Ben Emons sees two risks making a comeback. The way the world’s affairs are shaping up, he warns Brexit fallout and the threat of U.S. tariffs on European cars could sneak up on investors in year’s second half — which kicks off Monday. “It’s a big market for European cars. With Treasury yields at record lows in Europe, Emons believes another batch of tariffs would add to volatility and act as a catalyst for more c


While Wall Street focuses on U.S.-China trade war dangers, Medley Global Advisors’ Ben Emons sees two risks making a comeback. The way the world’s affairs are shaping up, he warns Brexit fallout and the threat of U.S. tariffs on European cars could sneak up on investors in year’s second half — which kicks off Monday. “It’s a big market for European cars. With Treasury yields at record lows in Europe, Emons believes another batch of tariffs would add to volatility and act as a catalyst for more c
These two risks could sneak up on investors in the year’s second half Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-28  Authors: stephanie landsman
Keywords: news, cnbc, companies, risks, european, global, tariffs, emons, europe, second, cars, brexit, sneak, half, trade, investors, administration, war


These two risks could sneak up on investors in the year's second half

While Wall Street focuses on U.S.-China trade war dangers, Medley Global Advisors’ Ben Emons sees two risks making a comeback.

The way the world’s affairs are shaping up, he warns Brexit fallout and the threat of U.S. tariffs on European cars could sneak up on investors in year’s second half — which kicks off Monday.

According to Emons, there’s an increasing chance a no-deal Brexit could damage global markets.

“That’s still ongoing with the changes in leadership in the UK,” the firm’s global macro strategy managing director told CNBC’s “Futures Now ” last Thursday.

Emons’ other glaring risk is possible car tariffs. In May, the Trump administration delayed a final decision by up to six months on whether to place tariffs on automobile and auto parts.

“You have the administration negotiating with Europe, and that’s the next thing we’ll have to look at after this G-20,” he said. “It’s a big market for European cars. That could really impact Europe in particular, and I would like to mention the U.S. likely, too.”

With Treasury yields at record lows in Europe, Emons believes another batch of tariffs would add to volatility and act as a catalyst for more central bank easing measures.

Meanwhile, the trade war between Washington and Beijing is already pushing rate cuts around the globe. He expects the Federal Reserve to join them by trimming interest rates in July to address softening consumer spending and the growth slowdowns tied to trade.

“Our base case is more for a 25 basis point cut,” Emons said.


Company: cnbc, Activity: cnbc, Date: 2019-06-28  Authors: stephanie landsman
Keywords: news, cnbc, companies, risks, european, global, tariffs, emons, europe, second, cars, brexit, sneak, half, trade, investors, administration, war


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Elon Musk says this hobby is how he and ‘many of the best software engineers’ got into programming

Before Elon Musk became obsessed by space travel and electric cars, he was a kid who played a lot of video games. “Part of the reason, maybe the reason, I got interested in tech was video games, ” Musk said. “I probably wouldn’t have started programming if it wasn’t for video games or wouldn’t have been as interested in computers and tech if it wasn’t for video games. I think video games are a very powerful force for getting young kids interested in technology; it has way bigger knock-on effects


Before Elon Musk became obsessed by space travel and electric cars, he was a kid who played a lot of video games. “Part of the reason, maybe the reason, I got interested in tech was video games, ” Musk said. “I probably wouldn’t have started programming if it wasn’t for video games or wouldn’t have been as interested in computers and tech if it wasn’t for video games. I think video games are a very powerful force for getting young kids interested in technology; it has way bigger knock-on effects
Elon Musk says this hobby is how he and ‘many of the best software engineers’ got into programming Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-28  Authors: elizabeth gravier
Keywords: news, cnbc, companies, tesla, best, software, musk, hobby, game, programming, games, wasnt, cars, space, video, truck, elon, think, engineers


Elon Musk says this hobby is how he and 'many of the best software engineers' got into programming

Before Elon Musk became obsessed by space travel and electric cars, he was a kid who played a lot of video games. Speaking at the Electronic Entertainment Expo (E3) video game convention in Los Angeles earlier this month, Musk addressed the impact video games have had on his vision and the careers of engineers everywhere. “Part of the reason, maybe the reason, I got interested in tech was video games, ” Musk said. “I probably wouldn’t have started programming if it wasn’t for video games or wouldn’t have been as interested in computers and tech if it wasn’t for video games. I think video games are a very powerful force for getting young kids interested in technology; it has way bigger knock-on effects than people may realize.”

Elon Musk, multi millionaire, rocket scientist, Tesla and Space X founder and the man who inspired Tony Stark’s character in Jon Favreau’s ‘Iron Man’ at his desk March 19, 2004 in El Segundo, Los Angeles, California. Paul Harris | Getty Images

Musk speaks from experience. At just 12 years old, he coded and published a space fighting game called “Blastar” which later sold for $500 to trade publication PC and Office Technology magazine. He once worked at a gaming startup ( “Which weirdly was called Rocket Science — fate loves irony,” Musk has joked). And though his more recent birthdays may have been spent pulling all-nighters at Tesla, Musk once celebrated his birthday by asking for a life-size statue of Vault Boy – the fictional mascot character from video game Fallout. But Musk isn’t the only one who has found inspiration – and success – through gaming. The link between the two is obvious when he interviews his future employees.

Participants sit at computer monitors to play video games at the 2018 DreamHack video gaming festival on January 27, 2018 in Leipzig, Germany. Jens Schlueter | Getty Images

“If we’re interviewing somebody for a software engineering role at Tesla or SpaceX, many times we’ll [ask], ‘How’d you start programming?'” Musk says. “I think many of the best software engineers in the world are at, or spent much of their career at, video game houses,” Musk says, emphasizing how problem-solving in video games transfers over to problem-solving in software engineering. “If people had to try to create incredibly realistic graphics using very little computer power, it’s a hard problem, so a lot of people had to write really tight code and come up with really clever ideas to do that.” For Musk’s team at Tesla, the enhanced graphics in video games enable them to better simulate self-driving cars with the help of artificial intelligence. He tasks his simulation team with creating a photorealistic world of what he says are some of the most boring things: skid marks on the road, concrete curves, shadows, and faded street lines. These simulations have been essential to the development of autopilot cars, which are scheduled for a full rollout next year. He also credited video game Cyberpunk (as well as the movie “Blade Runner”) as the inspiration for the Tesla pickup truck.

A sketch of a Tesla pickup truck concept, revealed at the firm’s Semi truck and Roadster event in Hawthorne, California on November 16, 2017. Tesla

“It definitely doesn’t look like a normal car, it looks like it should not be on the roads, like it came out of a movie or something,” Musk says. “It won’t appeal to everyone, but it’ll be something that’s different. I think I would buy it.” Musk wasn’t just at E3 to talk about his new pickup truck. He announced the addition of video games to Tesla vehicles — drivers can play games on the car’s center screen while docked at a charging station. He even hinted at developing games for his space capsules going to Mars. “My experience is, if you’re trying to figure out what others love, but you don’t love it, it’s really hard to make that great,” he says. “So when you work on something, if you fall in love with it, that’s a good sign – and then don’t worry about if others do. If you do, others will.” Like this story? Subscribe to CNBC Make It on YouTube! Don’t miss: Elon Musk lived on $1 a day when he moved to Canada as a teen and other surprising facts about his youth


Company: cnbc, Activity: cnbc, Date: 2019-06-28  Authors: elizabeth gravier
Keywords: news, cnbc, companies, tesla, best, software, musk, hobby, game, programming, games, wasnt, cars, space, video, truck, elon, think, engineers


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These are the top 10 most Instagrammed cars — only one is a supercar

There are more than 45 million car posts on Instagram, but some cars are more popular than others. Veygo, a U.K.-based car insurance company, looked at the most-Instagrammed cars in the world. The most Instagrammed car, according to Veygo, with 11.9 million posts is the Ford Mustang. “We had initially anticipated the data to show many supercars, such as Ferrari, ” a Veygo representative tells CNBC Make It. Here are the top 10 most Instagrammed cars in the world, according to Veygo.


There are more than 45 million car posts on Instagram, but some cars are more popular than others. Veygo, a U.K.-based car insurance company, looked at the most-Instagrammed cars in the world. The most Instagrammed car, according to Veygo, with 11.9 million posts is the Ford Mustang. “We had initially anticipated the data to show many supercars, such as Ferrari, ” a Veygo representative tells CNBC Make It. Here are the top 10 most Instagrammed cars in the world, according to Veygo.
These are the top 10 most Instagrammed cars — only one is a supercar Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-28  Authors: jimmy im
Keywords: news, cnbc, companies, looked, instagrammed, according, supercar, car, list, popular, posts, supercars, world, veygo, cars


These are the top 10 most Instagrammed cars — only one is a supercar

There are more than 45 million car posts on Instagram, but some cars are more popular than others.

Veygo, a U.K.-based car insurance company, looked at the most-Instagrammed cars in the world. To do so, the company compiled a list of 300 current and popular car models, and for each one, it looked at the two most popular hashtags that pertained to the car, mainly the model of the car and the brand and model of the car, but also different variations and nicknames, according to Veygo. It took those two top hashtags for each and combined them to come up with a total number of posts with mentions of each car (as of March 2019).

The most Instagrammed car, according to Veygo, with 11.9 million posts is the Ford Mustang.

“We had initially anticipated the data to show many supercars, such as Ferrari, ” a Veygo representative tells CNBC Make It. “After we looked into this further and applied some logic to this, it made sense that the majority of people do not own or have access to supercars to photograph.”

However, a Lamborghini Aventador did make the list at No. 9, so people are also hashtagging their dream cars, too.

A Ford Mustang costs between $26,670 to $47,810, according to Cars.com, while the Lamborghini Aventador, the most expensive car on the list, starts at $421,145, according to Car and Driver.

Here are the top 10 most Instagrammed cars in the world, according to Veygo.


Company: cnbc, Activity: cnbc, Date: 2019-06-28  Authors: jimmy im
Keywords: news, cnbc, companies, looked, instagrammed, according, supercar, car, list, popular, posts, supercars, world, veygo, cars


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Elon Musk emailed Tesla employees to push them to hit aggressive second-quarter goals

Elon Musk sent out one of his signature “everybody” emails on Tuesday, which are circulated to tens of thousands of Tesla employees. In it, the CEO rallied employees to work hard to hit the company’s aggressive vehicle production and delivery goals for the second quarter. It is typical for Tesla execs, and Musk, to push employees to work long hours to hit quarterly goals, with extra production and delivery work piling up toward the end of a quarter. In its first-quarter 2019 update to shareholde


Elon Musk sent out one of his signature “everybody” emails on Tuesday, which are circulated to tens of thousands of Tesla employees. In it, the CEO rallied employees to work hard to hit the company’s aggressive vehicle production and delivery goals for the second quarter. It is typical for Tesla execs, and Musk, to push employees to work long hours to hit quarterly goals, with extra production and delivery work piling up toward the end of a quarter. In its first-quarter 2019 update to shareholde
Elon Musk emailed Tesla employees to push them to hit aggressive second-quarter goals Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-26  Authors: lora kolodny
Keywords: news, cnbc, companies, hit, goals, push, secondquarter, emailed, elon, vehicles, set, cars, musk, aggressive, tesla, delivery, quarter, twitter, vehicle, employees, work


Elon Musk emailed Tesla employees to push them to hit aggressive second-quarter goals

Elon Musk sent out one of his signature “everybody” emails on Tuesday, which are circulated to tens of thousands of Tesla employees.

In it, the CEO rallied employees to work hard to hit the company’s aggressive vehicle production and delivery goals for the second quarter.

It is typical for Tesla execs, and Musk, to push employees to work long hours to hit quarterly goals, with extra production and delivery work piling up toward the end of a quarter.

In its first-quarter 2019 update to shareholders, Tesla said:

“We believe we will deliver between 90,000 and 100,000 vehicles in Q2. Although it is possible to deliver a higher number of vehicles, we believe it is important to begin unwinding the ‘wave’ approach to vehicle deliveries, where overseas cars have been made in the first half of the quarter and North American cars have been made in the second half. This puts extreme stress on Tesla, negatively affects our working capital needs and adds to our cost structure.”

Earlier this month, Musk was prompting people to buy Tesla vehicles, with a Twitter post reminding them that “US federal tax drops by $1875 for any Tesla delivered after June 30.”

Here’s what Musk wrote in the email sent Tuesday, obtained and transcribed by CNBC. Bloomberg first reported on the email.

From: Elon Musk To: Everybody Date: June 25, 2019 As you may have noticed, there is a lot of speculation regarding the vehicle deliveries this quarter. The reality is that we are on track to set an all-time record, but it will be very close. However, if we go all out, we can definitely do it! We already have enough vehicle orders to set a record, but the right cars are not yet all in the right locations. Logistics and final delivery are extremely important, as well as finding demand for vehicle variants that are available locally, but can’t reach people who ordered that variant before end of quarter. I have great faith in you. Please let me know if there is anything I can do to help. Thanks, Elon

Follow @CNBCTech on Twitter for the latest tech industry news.


Company: cnbc, Activity: cnbc, Date: 2019-06-26  Authors: lora kolodny
Keywords: news, cnbc, companies, hit, goals, push, secondquarter, emailed, elon, vehicles, set, cars, musk, aggressive, tesla, delivery, quarter, twitter, vehicle, employees, work


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Cars.com survey finds some of the most American cars in 2019 are mostly Japanese

Corporate image of the automotive brand Honda that exhibits its vehicles seen at the Automobile Trade Fair 2019 in Barcelona. In the fever pitch surrounding U.S. trade negotiations, Cars.com’s latest “American-Made Index” show’s some of the most homegrown cars in the U.S. are built by Japanese manufacturers. General Motors had four vehicles on the list, including the Camaro, and Ford had just one, the F-150. Toyota had two vehicles on the list, the Toyota Avalon manufactured in Georgetown, Kentu


Corporate image of the automotive brand Honda that exhibits its vehicles seen at the Automobile Trade Fair 2019 in Barcelona. In the fever pitch surrounding U.S. trade negotiations, Cars.com’s latest “American-Made Index” show’s some of the most homegrown cars in the U.S. are built by Japanese manufacturers. General Motors had four vehicles on the list, including the Camaro, and Ford had just one, the F-150. Toyota had two vehicles on the list, the Toyota Avalon manufactured in Georgetown, Kentu
Cars.com survey finds some of the most American cars in 2019 are mostly Japanese Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-25  Authors: elijah shama
Keywords: news, cnbc, companies, car, finds, cars, survey, carscom, built, models, number, list, vehicles, honda, japanese, toyota, american, 2019


Cars.com survey finds some of the most American cars in 2019 are mostly Japanese

Corporate image of the automotive brand Honda that exhibits its vehicles seen at the Automobile Trade Fair 2019 in Barcelona.

In the fever pitch surrounding U.S. trade negotiations, Cars.com’s latest “American-Made Index” show’s some of the most homegrown cars in the U.S. are built by Japanese manufacturers.

Japanese automakers Honda and Toyota built nine of the top 15 models on the list, which ranks vehicles based on where they are assembled, the origin of a car’s parts and the number of Americans a company employs in the U.S.

That’s not to say that U.S. companies aren’t building their cars in America — Fiat Chrysler’s Jeep Cherokee took top marks as the most American made car manufactured this year. A title the company has now held for three years running. General Motors had four vehicles on the list, including the Camaro, and Ford had just one, the F-150.

Japanese automaker Honda had the most models on the list — seven — made at plants in Alabama and Ohio that included the Honda Odyssey Minivan, Ridgeline pickup truck and two models from its luxury brand Acura. Toyota had two vehicles on the list, the Toyota Avalon manufactured in Georgetown, Kentucky, and the Toyota Tundra built in San Antonio, Texas.

Ford’s F-150 pickup fell out of the top ten this year dropping to number 13 due to lower domestic content.

Those numbers will likely change after the U.S.-Mexico-Canada Agreement is signed in November takes affect, due to higher wage stipulations and minimum percentage requirements of North American content for a car to avoid tariffs. Ford recently hired 500 new workers and invested $1 billion into its Chicago factories.

The percentage of passenger vehicles sold in America that are also built here has remained at a little over 50% for the past few years, according to the Michigan-based Center for Automotive Research. The number of car models assembled in the U.S. also held steady from the 2018 to the 2019 model years, with only a few models being discontinued.

President Donald Trump has threatened to impose tariffs on Japanese auto imports to the U.S., something Toyota Motor executives said showed the company’s investments in the U.S. are “not welcomed” and that contributions from its American employees are “not valued.”


Company: cnbc, Activity: cnbc, Date: 2019-06-25  Authors: elijah shama
Keywords: news, cnbc, companies, car, finds, cars, survey, carscom, built, models, number, list, vehicles, honda, japanese, toyota, american, 2019


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Review: Mazda’s CX-5 Signature tries for a luxury ride without the luxury price

The 2019 Mazda CX-5 Signature Mack Hogan | CNBCMazda has a history of cars that drive better than their prices would suggest. The 2019 Mazda CX-5 Signature Mack Hogan | CNBCOn the road, the CX-5 Signature continues to impress. The CX-5 Signature comes with Mazda’s 2.5-liter turbocharged four cylinder, producing 227 horsepower and a massive 310 pound-feet of torque. The 2019 Mazda CX-5 Signature Mack Hogan | CNBCWe were also disappointed by the fuel economy. The 2019 Mazda CX-5 Signature Mack Hog


The 2019 Mazda CX-5 Signature Mack Hogan | CNBCMazda has a history of cars that drive better than their prices would suggest. The 2019 Mazda CX-5 Signature Mack Hogan | CNBCOn the road, the CX-5 Signature continues to impress. The CX-5 Signature comes with Mazda’s 2.5-liter turbocharged four cylinder, producing 227 horsepower and a massive 310 pound-feet of torque. The 2019 Mazda CX-5 Signature Mack Hogan | CNBCWe were also disappointed by the fuel economy. The 2019 Mazda CX-5 Signature Mack Hog
Review: Mazda’s CX-5 Signature tries for a luxury ride without the luxury price Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-07  Authors: mack hogan
Keywords: news, cnbc, companies, cx5, signature, review, mack, luxury, price, tries, mazda, cars, system, options, mazdas, ride, 2019, hogan


Review: Mazda's CX-5 Signature tries for a luxury ride without the luxury price

The 2019 Mazda CX-5 Signature Mack Hogan | CNBC

Mazda has a history of cars that drive better than their prices would suggest. The company has built a reputation for affordable cars that manage to be extremely fun and seriously desirable. Now, the company is teaming those qualities with well-appointed interiors and improved materials to make its top-end cars competitive with luxury brands that don’t come with the luxury price tags. That’s the idea behind the CX-5 Signature. After a week with one, it seems like Mazda’s plan is working.

The good

Our CX-5 tester had a sticker price of $39,155, which is on the high end of the compact crossover range. For that price, though, you get a serious options list and a fantastic interior.

The 2019 Mazda CX-5 Signature Mack Hogan | CNBC

The CX-5 Signature has a 360-degree parking camera, front and rear parking sensors, heated steering wheel, heated and cooled front seats, radar cruise control, a Bose sound system, Android Auto, Apple CarPlay, a head-up display, blind spot monitoring and more. All of that technology is packaged in a best-in-class interior, with satin chrome trimming, layered wood and supple brown Nappa leather. It’s far ahead of any other car in its mainstream class, shaming interiors in the entry-level SUVs of Cadillac, Infiniti and Lexus. Exterior design is also a high point. The CX-5 is one of the best looking SUVs on sale today in any price point, but the rich Machine Gray Metallic paint and upgraded alloy wheels really make it stand out. It looks every dollar of its near-$40,000 price tag.

The 2019 Mazda CX-5 Signature Mack Hogan | CNBC

On the road, the CX-5 Signature continues to impress. As with all CX-5s before it, steering is precise and sharp with excellent body control. It loves to hustle down twisty roads, but now it’s got the oomph to power out of corners thanks to a new engine. The CX-5 Signature comes with Mazda’s 2.5-liter turbocharged four cylinder, producing 227 horsepower and a massive 310 pound-feet of torque. A big torque number means the CX-5 pulls hard, accelerating quickly from any speed. That helps allay our previous complaint that the CX-5 was too slow for its capable chassis. Through broken-up highways or tight hairpins, the CX-5 is comfortable, fast and fun in all situations. Previous CX-5s also struggled with noise isolation, but that’s not a problem with the current CX-5 Signature. The engine is appropriately muffled, road noise is filtered out and the slipperiness of the body helps avoid irritating wind noise. It’s a league above cars like the Toyota Rav4, Honda CR-V and Nissan Rogue in terms of desirability, interior quality and driving experience. Despite it being priced like the other mainstream compact crossovers, the CX-5 drives better, looks better and is better-appointed than a lot of luxury SUVs.

The bad

Of course, there are some trade offs here. The CX-5 may out-drive the CR-V, but it can’t beat the practicality of the Honda. The CX-5 is a little small for the class and lacks the thoughtful cubbies and storage areas of the CR-V.

The 2019 Mazda CX-5 Signature Mack Hogan | CNBC

We were also disappointed by the fuel economy. The CX-5 Signature is rated for 22 miles per gallon in the city and 27 mpg on the highway, but our average with a lot of highway driving came to just under 23 mpg. It was high-speed driving, so the CX-5 was probably held back by its six-speed automatic transmission. Because more overdrive gears allow engines to use less gas at high speeds, most competitors have moved on to eight or nine-speed gearboxes. Mazda’s also fallen behind in active safety tech. While the CX-5 has radar cruise control and lane keeping, it doesn’t actively center you in your lane and the cruise control is far from the smoothest system on sale. Both the Nissan Rogue and Honda CR-V offer more advanced suites of active safety features. And finally, Mazda’s infotainment system has lost its edge. The menus are simple, but the small infotainment display means it can’t show you navigation and music at the same time. We also think it’s time to redo the voice command system, as it isn’t as easy to use as Ford or General Motor’s newest systems.

The 2019 Mazda CX-5 Signature Mack Hogan | CNBC

How we’d option it

The CX-5 Signature starts at $37,935 and includes pretty much everything. There are no substantive options, but our tester’s price was inflated by the $300 premium paint color, illuminated door sill plates and other accessories installed at the dealer. Besides those cosmetic options, all CX-5 Signatures are fully equipped.

Final thoughts

Given the company’s history of making cars that look great, feel fun to drive and still offer the comfort and practicality buyers want, it’s really no surprise that the brand is moving upmarket. The cars are certainly good enough to justify a higher price point, but Mazda keeps adding more to make them better.

The 2019 Mazda CX-5 Signature Mack Hogan | CNBC

Price-conscious shoppers looking for a more basic crossover and those who want the utmost practicality may still be better served by options from Honda, Subaru and Toyota. But if you want the most desirable, refined, fun, attractive and well-appointed compact crossover than the CX-5 Signature is so clearly ahead of the competition that it’s no longer fair to consider it in the same class.

Rating:

Exterior: 4.5 Interior: 4.5 Driving Experience: 4.5 Value: 5 Overall: 4.6 Price as tested: $39,155 *Ratings out of 5.


Company: cnbc, Activity: cnbc, Date: 2019-06-07  Authors: mack hogan
Keywords: news, cnbc, companies, cx5, signature, review, mack, luxury, price, tries, mazda, cars, system, options, mazdas, ride, 2019, hogan


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Softer auto sales means Memorial Day weekend comes with deals for car shoppers

With auto sales slowing, car shoppers are likely to find dealerships eager to move inventory over the Memorial Day weekend. martin-dm | E+ | Getty ImagesSome of the best deals are expected on SUVs and trucks, which spent more time unsold than the average, Edmunds data show. Consumers also are likely to find deals on used cars, said Jones at Edmunds. Last year, buyers saved an average of $13,700 by choosing a used car instead of a new one, compared with about $11,400 in 2013. Regardless of whethe


With auto sales slowing, car shoppers are likely to find dealerships eager to move inventory over the Memorial Day weekend. martin-dm | E+ | Getty ImagesSome of the best deals are expected on SUVs and trucks, which spent more time unsold than the average, Edmunds data show. Consumers also are likely to find deals on used cars, said Jones at Edmunds. Last year, buyers saved an average of $13,700 by choosing a used car instead of a new one, compared with about $11,400 in 2013. Regardless of whethe
Softer auto sales means Memorial Day weekend comes with deals for car shoppers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: sarah obrien
Keywords: news, cnbc, companies, day, memorial, shoppers, weekend, means, car, price, dealership, comes, used, suvs, edmunds, days, cars, loan, sales, average, deals, softer


Softer auto sales means Memorial Day weekend comes with deals for car shoppers

With auto sales slowing, car shoppers are likely to find dealerships eager to move inventory over the Memorial Day weekend. While the holiday always marks a big sales push, this year it comes as cars are sitting on dealer lots longer before getting sold. The average in April was 75 days, about 6% higher than last year, according to auto-research company Edmunds. “The longer a car sits on a lot, the more it costs the dealer,” said Matt Jones, senior consumer advice editor at Edmunds. “This is an opportunity for them to do some spring cleaning, and they’ll be pushing cars.”

martin-dm | E+ | Getty Images

Some of the best deals are expected on SUVs and trucks, which spent more time unsold than the average, Edmunds data show. In April, midsize SUVs took 76 days to sell, compared to 63 days a year earlier. For large SUVs, it was 82 days, compared to 68 days in April 2018. While manufacturers are generally less generous with their discounts than they were a year ago, incentives are around for the Memorial Day sales push. For example, Dodge is offering $4,250 off 2019 Caravans through June 3 and the 2019 Kia Sorento comes with discounts of $3,000 to $5,000 through July 1, according to Cars.com. Nevertheless, consumers should expect overall higher prices on new cars. The average is $36,700, Edmunds data show. That’s up from about $36,100 a year ago and $32,200 five years ago.

The cost of financing a new car Aspect of loan Apr-19 Apr-18 Apr-14 Length (months) 69.44,68.99,66.51 Monthly payment $553 $533 $474 Amount financed “$31,914 ” “$31,181 ” “$27,580 ” Interest rate 6.28% 5.58% 4.40% Down payment “$4,383 ” “$3,980 ” “$3,564 ” Average transaction price “$36,718 ” “$36,094 ” “$32,206 ”

About 35% of new cars are priced below $30,000, compared with 54% in 2012, according to a recent Cox Automotive report. At the same time, however, consumers have shifted their preference to pricier SUVs and pickup trucks and away from lower-cost sedans and smaller cars. Improved technology and safety features add to the price, as well. And, consumers are stretching out the length of auto loans to afford new-car purchases: As of April, the average loan length was closing in on 70 months — two months shy of six years — up from about 66.5 months five years ago. If you do end up looking at a car that comes with a manufacturer’s incentive, remember that negotiations with a dealership should be based on the reduced price, said Kelsey Mays, senior editor of Cars.com.

“That should be your starting point,” Mays said. “That incentive is a factory-to-consumer discount when it’s advertised by the manufacturer, so it’s not costing the dealership anything.” Consumers also are likely to find deals on used cars, said Jones at Edmunds. “So many leased cars are coming back to market that it’s driving down the price of three-year-old cars,” Jones said. The price gap between new and 3-year-old used vehicles has been growing. Last year, buyers saved an average of $13,700 by choosing a used car instead of a new one, compared with about $11,400 in 2013. Regardless of whether you’re looking at a new or used car, here are some tips to help the buying process go smoothly.

Assess the market

It’s worthwhile to do some research online before buying. If you have any flexibility, you might discover a great deal on a car similar to the one you were thinking about. You also might find a difference in price among local dealerships on the same car. Or, you might find a dealership that has a special deal going — say, picking up the sales tax on your purchase — that could reduce your overall cost.

Get preapproved financing

Unless paying with cash, you should get preapproved for a loan from a bank or credit union. While there’s no obligation to use the preapproval, you’ll at least be armed with a comparison when the dealership offers its loan terms. “If what a dealer can offer beats your preapproval, then great,” Jones said. “If not, you still have the preapproved loan with the better interest rate.” Generally speaking, the better your credit score, the better terms you’ll get. More from Personal Finance:

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Collect key documents

Make sure you’re armed with all the documents you’ll need to complete a sale: your driver’s license, the title and registration for your existing car (if you’re trading it in), and proof of insurance. If you are making a down payment, call the dealership ahead of time to find out what forms of payment are accepted.

Beware the add-ons


Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: sarah obrien
Keywords: news, cnbc, companies, day, memorial, shoppers, weekend, means, car, price, dealership, comes, used, suvs, edmunds, days, cars, loan, sales, average, deals, softer


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