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Trump to meet with CEOs from Ford, GM, and FCA

In the wake of his inauguration, President Donald Trump is set to meet with the CEOs of Ford, General Motors, and Fiat Chrysler Automobiles Tuesday morning to discuss jobs, the North American Free Trade Agreement, and potential tax cuts. Trump has been highly critical of American automakers for shipping jobs to Mexico and has threatened to impose heavy import fees on foreign-made vehicles. Trump has threatened to dissolve NAFTA in order to encourage automakers to manufacture cars in the US. Automotive News and Crain's Detroit Business are reporting that the group is set to discuss how to bring more auto industry jobs back to the US. Under NAFTA, many automakers, both foreign and domestic, have moved vehicle production out of the States to Mexico in order to cut costs. White House spokesperson Sean Spicer said Trump is looking forward to the meeting and discussing how to bring jobs back to America. Dismantling NAFTA would be a major blow to automakers. Trump blasted Ford during his campaign for manufacturing in Mexico, but FCA and GM also have factories south of the border. Earlier this month, Ford nixed plans for a $1.6 billion plant in Mexico, instead investing $700 million into an existing facility. At this year's Detroit Auto Show, the unspoken theme was America and American manufacturing. Expect the automakers to fight to keep NAFTA alive. Related Video: News Source: Automotive News - sub. req., Twitter Government/Legal Plants/Manufacturing Fiat Ford GM FCA Mexico NAFTA

2014 Ford Fiesta gets fuel economy bump to 41 mpg

The 2014 Ford Fiesta is in showrooms now with refreshed styling and new performance ST model, but it's what isn't yet available that should help the Fiesta stand out from the growing crowd of subcompacts. Aside from the new 1.0-liter EcoBoost model coming later this year, Ford recently told us that a new Fiesta SFE trim level is on the way that should put the updated Fiesta at the top of its class for fuel economy.
The new Fiesta SFE will hit an estimated 41 miles per gallon on the highway when equipped with the six-speed automatic transmission. The current listing on fueleconomy.gov shows the 2014 Fiesta getting up to 29 mpg city and 39 highway, but the SFE will get minor aero tuning and a recalibrated engine controller to help bump the highway figure past rivals like the Chevrolet Sonic and Nissan Versa - both of which top out at 40-mpg highway. There's still no word as to when the small 1.0-liter EcoBoost will show in the US, but Ford has indicated that engine's fuel economy isn't expected to be released until October.

Total auto recalls already on record pace in 2014

If you've noticed that there have been more recalls than usual this year, you may be on to something. According to a report from the National Highway Traffic Safety Administration, the US market is on pace to break a record for recalls. In 2013, 22 million cars were recalled. We're only a third of the way through 2014, though, and we've already halved that figure, with 11 million units recalled. That's wild.
Considering the past few months, it shouldn't be a surprise that General Motors is leading the charge, with six million of the 11 million units recalled coming from one of the General's four brands. Between truck recalls, CUV recalls and the ignition switch recall, 2014 hasn't been a great year for GM.
Other recall leaders include Nissan (one million Sentra and Altima sedans), Honda (900,000 Odyssey minivans), Toyota (over one million units in a few recalls), Volkswagen (150,000 Passat sedans), Chrysler (644,000 Dodge Durango and Jeep Grand Cherokee SUVs) and most recently, Ford (434,000 units, the bulk of which were early Ford Escape CUVs). So while it's been a bad year for GM so far, its competitors aren't doing too well, either.