Latest news with #automobiles
CNA
3 days ago
- Automotive
- CNA
Bank of Korea sees auto, steel, chip exports falling when tariffs hit
SEOUL :South Korea's exports of automobiles, steel and semiconductors are expected to fall as the impact of U.S. President Donald Trump's tariffs take effect later this year, the central bank said on Thursday. Weaker car exports will drag down South Korea's exports by 0.6 per cent, and U.S.-bound exports by 4.0 per cent, posing the biggest risk, the Bank of Korea projected in a report, adding automakers so far have responded to 25 per cent U.S. tariffs with existing stocks. Steel products are also estimated to lower the country's exports by 0.3 per cent, with a decline of 1.4 per cent in U.S.-bound shipments, as 25 per cent tariffs on the sector start to weigh from the third quarter after a time lag in shipments, the central bank said. The BOK saw semiconductors lowering the country's exports by 0.2 per cent, assuming 10 per cent U.S. duties on the sector, although there have so far been positive effects from advance orders ahead of Trump's planned tariffs.
Reuters
3 days ago
- Automotive
- Reuters
Bank of Korea sees auto, steel, chip exports falling when tariffs hit
SEOUL, May 29 (Reuters) - South Korea's exports of automobiles, steel and semiconductors are expected to fall as the impact of U.S. President Donald Trump's tariffs take effect later this year, the central bank said on Thursday. Weaker car exports will drag down South Korea's exports by 0.6%, and U.S.-bound exports by 4.0%, posing the biggest risk, the Bank of Korea projected in a report, adding automakers so far have responded to 25% U.S. tariffs with existing stocks. Steel products are also estimated to lower the country's exports by 0.3%, with a decline of 1.4% in U.S.-bound shipments, as 25% tariffs on the sector start to weigh from the third quarter after a time lag in shipments, the central bank said. The BOK saw semiconductors lowering the country's exports by 0.2%, assuming 10% U.S. duties on the sector, although there have so far been positive effects from advance orders ahead of Trump's planned tariffs.
Car and Driver
24-05-2025
- Automotive
- Car and Driver
1978 Cadillac Coupe de Ville Archive Road Test
From the June 1978 issue of Car and Driver. It's a dirty shame that Cadillacs aren't built in England or Germany. Their humble Detroit birthplace means that they never get taken seriously as automobiles. Rich Republican burghers want them because they've always believed that a Cadillac was their due, a perk, baked into the deal along with the country-club membership and the GOP-camouflage Hickey-Freeman suits. The nouveaux riches want them because the rich Republican burghers have them. People who read Road & Track magazine detest Cadillacs, their hatred falling only a few points short of that registered by the eco-troops, those sons and daughters of wealthy orthodontists, who long for pre-Industrial Revolution America and dream of wildernesses organized along the lines of a Montessori school. View Photos Larry Griffin | Car and Driver For all their prejudiced points of view about Cadillacs, none of these people ever think of them as cars. Status symbols, sex symbols, power symbols, energy-consumption symbols, decay-of-the-American-dream symbols, but never as sublimely comfortable ways to get from Point A to Point B in a seated position. The Cadillac people must bear some of the responsibility for this state of affairs, of course. They've never really sold Cadillacs as cars. The bland, Osterized sales pitch for The Standard of the World generally tells the prospective buyer a great deal about Cadillac's assessment of him, but precious little to help him assess the purchase of an automobile. What must the prospective Cadillac buyer feel who does not meet Cadillac's research criteria? Does he look guardedly over his shoulder as he reads the ad, knowing himself to be an impostor? Does he dart nervous glances around the room, half expecting to see the Cadillac-intender to whom they were really addressing their message, and does he feel like an eavesdropper? Does he lie awake at night and wonder if the Cadillac dealer will accept his order? (Maybe they have a list of names.) Imagine the embarrassment of being turned away, referred to the Buick dealer down the street. The pain! View Photos Larry Griffin | Car and Driver Why should this very nice car-that-is-not-perceived-as-a-car mean so much to so many? It certainly doesn't hurt that it's a very good car, reliable to a fault, undemanding to live with, and loaded with potential resale value, but these are not the virtues upon which legends are made. Is it enough that it was the first car in the world with a self-starter, that it introduced the concept of parts interchangeability to Europe? Does it have something to do with the fact that Cadillac not only pioneered tail fins but also held on to them longer than the rest of the automotive world? Probably none and all of the above is the correct answer. The real reason is that Cadillacs really used to be something special. They were faster than less expensive American cars. They held the road better (see "A heavy car holds the road," "More road-hugging weight," et cetera). In the 1950 Carrera Pan Americana, 21 of 126 starters were Cadillacs, and the big beasts took second and third places overall. Mr. Briggs S. Cunningham put a whole slew of European hotshoes on the trailer at Le Mans in 1950 when the Collier brothers came in tenth in his slightly modified Cadillac coupe. Cadillacs were, in those dim, bygone days, built to a higher standard of engineering and workmanship than Chevrolets, and their styling was distinctly their own. Latter-day Cadillac buyers who were mere boys back then undoubtedly carry deeply imprinted tribal memories of those cars, subliminal pokes and prods that lead them to see shades of sharp-edged '41 Fleetwoods in today's Cadillac de Villes and Broughams. View Photos Larry Griffin | Car and Driver When asked to explain Cadillac's unique grip on its owners, the division's chief engineer, Bob Templin, laid this one on us, ready to Xerox: "When you buy a Cadillac, you buy Cadillac tradition, Cadillac quality, Cadillac product, the Cadillac dealer, Cadillac service, and Cadillac warranty. And remember, the Cadillac buyer knows Cadillac is at the forefront of automotive technology." One might find that last bit a little more digestible had he said "believes Cadillac is at the forefront of automotive technology." For it is undoubtedly true that Cadillac loyalists believe their cars to be the pinnacle of automotive-engineering achievement, but it is unfortunately also true that they're quite wrong. The Cadillac is an extremely well done execution of the basic American car idea, as conceived some time before World War II, and it is undeniably a great car for the money, but it will have to go like the very devil to catch those cars that are "at the forefront of automotive technology." Our test car was a 1978 Coupe de Ville, and we loved it in spite of ourselves. It weighed in at 4270 pounds and it was 18.4 feet long, making it the lightest Cadillac you can buy (edging the Seville by just four pounds) and almost the shortest (not quite a foot and a half longer than the Seville). It is—surprise, surprise—the nicest of the bunch to drive, offering a much nicer blend of room, ride, comfort, visibility, handling and performance than any of the others, including the Seville and the Eldorado. Why this should be so is hard to divine, but the Seville is claustrophobic and its ride primitive by comparison, and the Eldorado has become grossly corpulent, so much so that the inherent benefits of its front-wheel drive are virtually wiped out. The poor old Eldo is actually heavier than Cadillac's seven-passenger limousine! View Photos Larry Griffin | Car and Driver Our Coupe de Ville carried a base price of $10,444 and an as-tested price of $13,375. This is not chicken feed, but neither is it very much money to spend for such a remarkable bundle of automotive virtues, luxuries, features, and super-zoomy Astro-Boy gadgetry. The price puts it right in there with the Porsche 924 ($10,995), the Peugeot 604 ($10,990) and the Saab Turbo ($9998), while the obvious thrust of the Cadillac concept and its execution puts it right up against the Rolls-Royce Silver Shadow II ($48,600), the Mercedes-Benz 450 SEL ($27,945 ) and, of course, the Lincolns. The de Ville lacks many of the engineering and performance features that set the Mercedes apart, and it doesn't have the Rolls's panache of matched veneers and Connolly hides and hand-rubbed everything, but it more than holds its own if the mission is to transport four normal adults at reasonable speeds over American roads in mind-boggling luxury. In its relationship with the Continentals, we deem it the winner, because GM's whole philosophy of car "feel" is so much more to our liking than Ford's (at least as expressed in Ford's current lineup of big cars). Cadillacs have rather sensitive controls, with quite a lot of "feel" fed back to the driver. Lincolns are Novocain-numb: no feeling, no sensitivity, just softness and silence and the fear that it's all been taken out of the driver's hands. View Photos Larry Griffin | Car and Driver You slide behind the Cadillac's wheel, try to orient yourself to the various switches, knobs and buttons that festoon the instrument panel, and there is no question whatsoever that this is one of Nature's special places, a sort of Grand Canyon/Matterhorn/Stonehenge with tinted windshield and disappearing windshield wipers. One would not be surprised to learn that fairies and fauns cavorted and giggled inside there when the Caddy was put away for the night. One probably will be surprised to find that someone back in the GM building has seized control of the headlights. Our de Ville was fitted with the Kafkaesque Twilight Sentinel and Automatic Headlamp Control, the former causing the headlights to go on and off of their own volition, the latter causing them to dim themselves whenever they see their own reflection in a store window. The controls for these are fiendish indeed, and until we learned how to turn them off and fend for ourselves, we were unwilling to launch the Cadillac into the flow of traffic. Believe it or not, and you probably won't, the Cadillac is nimble! Once launched, a feeling of undamped softness comes up from the wheels, but this quickly fades as you get used to the car. It has a surprisingly capable suspension system, handling frost heaves and potholes with equal aplomb and enabling an enthusiastic driver to hurtle through corners and place the car where he wants it with remarkable ease. The six-way power seat and the tilt-and-telescope steering column augment incrementally the driver's ability to come to terms with this large car. It is not a BMW 733i, and you might want something else for your Alpine land-speed record attempt, but we liked driving it. View Photos Larry Griffin | Car and Driver Some of the frills and gadgets are silly and excessive. Opera lamps, for heaven's sake? Power door locks that snap down every time you put the old dear into Drive? Even if you're just moving it in the driveway? Some don't work very well. The cruise control, for instance, is utterly exasperating. It is supposed to be activated by a simple touch on the button in the end of the turn-signal lever, but it usually isn't. You push the button. You know that something electrical is going on because there's a simultaneous pop from the radio. You lift your foot to let the autopilot take over, and the car just continues to coast. Accelerate and try again. Maddening. Daimler-Benz resisted the cruise-control idea for years but finally acknowledged that the accessory was important for America's superb but speed-limited roads, and developed one that just makes the General Motors unit look homemade. It's too bad that American manufacturers are so intimidated by the cost bugaboos of really important product features like independent rear suspension. They know they can get their money out of junk like opera lamps and Twilight Sentinels, but they just don't have any confidence in the more esoteric appeal of chassis and suspensions like those of Jaguar, BMW, and Mercedes-Benz. The de Ville, along with the big limousine, is now the only Cadillac that doesn't have four-wheel disc brakes as standard equipment. We applaud the fact that Cadillac's philosophy has come that far, but now we're impatient for that last step toward a real fine-car commitment. View Photos Larry Griffin | Car and Driver The world's best road system can be a liability. The Cadillac is designed to be master of the roads most well-fixed Americans normally drive upon, and this prevents it from making any wholesale assault on cars like Mercedes, BMW, or Jaguar. Happily for the guys who build the cars bearing the name and arms of Le Sieur Antoine de la Mothe Cadillac, most of the people who buy them don't seem to care. We, on the other hand, would dearly love to drive a Coupe or Sedan de Ville modified and breathed upon in the manner of our Seville project car (August '77 issue). The new GM big cars, introduced in 1977 and including such impressive and gratifying machines as the Chevrolet Impala/Caprice with F41 suspension (August '77) and the Buick LeSabre Sport Coupe (May '77), have proved to be the best sedans the corporation ever made. The Cadillac shares all their basic strengths and undoubtedly has terrific potential as a luxurious car for American enthusiasts, given the same specific attention to handling and roadholding. We may not be the people the Cadillac designers had in mind when they engineered the de Ville series, but it's a little startling to look up one morning and realize how far they've shifted their product focus in our direction. These are good cars, easily upgraded to terrific cars—with the right shocks, springs, stabilizer bars, wheels and tires—and, compared to prices of the good European stuff, a relative steal. Maybe a hot-rodded Cadillac is your best hedge against the strength of the deutsche mark and the decline of the dollar. Counterpoint The last Cadillac I drove before I got into this year's Coupe de Ville was an enormous powder-blue '75 Coupe, and it took me a long time to forget what driving it was like. You didn't steer the thing, you gave orders to the helm. And for more or less speed, you rang down for more steam. Damn the Datsuns! Full speed ahead! It was a nightmare of a car, exactly what every sports-car enthusiast figures a bloated Caddy would be like. But all that's gone. The new Coupe de Ville is a civilized, decent performer. It'll steer as well as any new C-body GM car (which is pretty good indeed nowadays), and will even let you feel something of the way the suspension and steering are handling the messages the road is sending through them. Moreover, it's a very comfortable car. And even though I've never lusted after an automobile that tries to do my driving for me, it's not at all hard to see why someone would want to spend over ten grand for a Coupe de Ville. —Steve Thompson View Photos Larry Griffin | Car and Driver I've never been big on the coach-lamp, opera-roof, wide-whitewall look that seems so essential to the Cadillac mystique, but I did find a solid piece of machinery under this Coupe de Ville's embroidery that left me favorably impressed. What you have to do is drive the thing hard enough to bottom out all the spongy padding and Jell-0-soft bushings. Take charge like a drill sergeant in basic training, and you'll find a car that does what you tell it. The big motor responds with an authoritative howl when you orange-alert the fuel monitor with the throttle, and, so motivated, this 2.1-ton Cadillac wakes up ready to romp. It's the biggest cruiser I've ever pitched sideways into an entrance ramp, and just as competent breaking traction as bearing a wedding party. There is, however, one weak link to consider before you choose this as your gymkhana ride. The brakes fade away after just a few quick laps of street racing. —Don Sherman On a long trip through hilly and mountainous country a year and a half ago, shortly after it first appeared, I discovered that the smaller Coupe de Ville wasn't totally out of its element. It was a revelation. It used a fair old amount of gas because we stopped to shoot a lot of pictures and because I played low tricks on guys in two-seaters and two-liter sedans, but it fairly boogied and never drew a complaint from a passenger whose scream factor runs about two on a scale from one to ten. The latest Coupe de Ville feels even better. Run silent, run deep, like the capsulized environment it is, or belt it deftly around like the lean hell-raiser it can be. Play with the gadgets, watch out for dawdlers and set your own pace. You'll not be dulled into a stupor by the Coupe de Ville. —Larry Griffin Specifications Specifications 1978 Cadillac Coupe de Ville Vehicle Type: front-engine, rear-wheel-drive, 6-passenger, 2-door coupe PRICE Base/As Tested: $10,444/$13,375 Options: cabriolet package, $369; leather seats, $295; AM/ FM stereo CB radio, $281; 6-way power passenger seat, $262; dual-comfort front seats, $198; electronic level control, $140; theft-deterrent system, $130; cruise control, $122; tilt/telescope steering wheel, $121; automatic door locks, $112; rear-window defogger, $94; power trunk, $80; opera lamps, $63; automatic head lamp control, $62; illuminated entry system, $59; floor and trunk mats, $58; turbine-vane wheel discs, $54; twilight sentinel, $54; accent stripes, $53; illuminated vanity mirror, $50; controlled-cycle wipers, $50; remote-control right mirror, $34; fuel monitor, $29; illuminated thermometer, $27; trumpet horn, $21; license-plate frames, $18; door-edge guards, $11; front-bumper reinforcements, $9; California emissions controls, $75 ENGINE V-8, iron block and heads Displacement: 425 in3, 6960 cm3 Power: 180 hp @ 4000 rpm Torque: 320 lb-ft @ 2000 rpm TRANSMISSION 3-speed automatic CHASSIS Suspension, F/R: control arms/live axle Brakes, F/R: 11.7-in vented disc/11.0-in drum Tires: Firestone Steel Belted Radial GR78-15 DIMENSIONS Wheelbase: 121.5 in Length: 221.2 in Width: 76.4 in Height: 54.4 in Curb Weight: 4270 lb C/D TEST RESULTS 60 mph: 10.6 sec 100 mph: 37.9 sec 1/4-Mile: 18.2 sec @ 79 mph Top Speed: 108 mph Braking, 70–0 mph: 207 ft Roadholding: 0.79 g C/D FUEL ECONOMY Observed: 16 mpg EPA FUEL ECONOMY Highway: 18 mpg C/D TESTING EXPLAINED
CNA
21-05-2025
- Automotive
- CNA
Japan's exports rise in April, shipments to US slump
TOKYO : Japanese exports rose 2 per cent in April from a year earlier but shipments to the U.S. fell, data showed on Wednesday, highlighting the toll President Donald Trump's tariffs could take on the fragile economic recovery. Analysts expect the hit to exports from U.S. tariffs to intensify later this year, unless Japan can convince Trump to slash or eliminate tariffs in bilateral trade negotiations. The year-on-year increase in total exports matched a median forecast and slowed from a 4 per cent increase in March. Shipments to the United States, Japan's biggest export destination, fell 1.8 per cent in April from a year earlier, Ministry of Finance data showed. Exports of automobiles to the U.S. fell 4.8 per cent in April due to the impact of the yen's rise and declining shipments of high-end models. But overall automobile export volumes rose 11.8 per cent, indicating a steady increase in shipments of less expensive models. Imports fell 2.2 per cent in April from a year earlier, versus a 4.5 per cent drop expected by analysts. As a result, Japan marked a trade deficit of 115.8 billion yen ($802.44 million), compared with a median market forecast for a 227.1 billion yen surplus. In April, Trump imposed 10 per cent tariffs on most countries, along with higher tariff rates for many big trading partners, including Japan, which faces a 24 per cent tariff rate starting in July unless it can negotiate a deal with the United States. Washington has also imposed 25 per cent levies on cars, steel and aluminium, dealing a huge blow to Japan's economy, which relies heavily on automobile exports to the United States. Japan produces 9 million cars annually at home and ships about 1.5 million of them to the United States. Furthermore, Japanese automakers export more than 1.4 million cars to the United States from Mexico and Canada. The uncertainty caused by Trump's tariffs may also prod firms to delay investment plans, which would add to pains for an economy that suffered a contraction in the January-March quarter.
Reuters
21-05-2025
- Automotive
- Reuters
Japan's exports rise in April, shipments to US slump
TOKYO, May 21 (Reuters) - Japanese exports rose 2% in April from a year earlier but shipments to the U.S. fell, data showed on Wednesday, highlighting the toll President Donald Trump's tariffs could take on the fragile economic recovery. Analysts expect the hit to exports from U.S. tariffs to intensify later this year, unless Japan can convince Trump to slash or eliminate tariffs in bilateral trade negotiations. The year-on-year increase in total exports matched a median forecast and slowed from a 4% increase in March. Shipments to the United States, Japan's biggest export destination, fell 1.8% in April from a year earlier, Ministry of Finance data showed. Exports of automobiles to the U.S. fell 4.8% in April due to the impact of the yen's rise and declining shipments of high-end models. But overall automobile export volumes rose 11.8%, indicating a steady increase in shipments of less expensive models. Imports fell 2.2% in April from a year earlier, versus a 4.5% drop expected by analysts. As a result, Japan marked a trade deficit of 115.8 billion yen ($802.44 million), compared with a median market forecast for a 227.1 billion yen surplus. In April, Trump imposed 10% tariffs on most countries, along with higher tariff rates for many big trading partners, including Japan, which faces a 24% tariff rate starting in July unless it can negotiate a deal with the United States. Washington has also imposed 25% levies on cars, steel and aluminium, dealing a huge blow to Japan's economy, which relies heavily on automobile exports to the United States. Japan produces 9 million cars annually at home and ships about 1.5 million of them to the United States. Furthermore, Japanese automakers export more than 1.4 million cars to the United States from Mexico and Canada. The uncertainty caused by Trump's tariffs may also prod firms to delay investment plans, which would add to pains for an economy that suffered a contraction in the January-March quarter.
