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At meeting with automakers, Trump launches new attack on NAFTA

WASHINGTON — Ten American and foreign automakers went to the White House on Friday to push for a weakening of U.S. fuel efficiency standards through 2025, while President Donald Trump used the occasion to launch a fresh attack on the North American Free Trade Agreement that has benefited the companies. A draft proposal circulated by the U.S. Transportation Department would freeze fuel efficiency requirements at 2020 levels through 2026, rather than allowing them to increase as previously planned. Trump's administration is expected to formally unveil the proposal later this month or in June. "We're working on CAFE standards, environmental controls," Trump told reporters at the top of the meeting, referring to the Corporate Average Fuel Economy standards for cars and light trucks in the United States. Trump said he wants automakers to build more vehicles in the United States and export more vehicles. But much of the hour-long meeting focused on NAFTA. Trump blasted the pact involving the United States, Canada and Mexico as "terrible" and noted that negotiations to make changes sought by his administration were ongoing. "NAFTA has been a horrible, horrible disaster for this country and we'll see if we can make it reasonable," Trump said. Automakers have called NAFTA a success, allowing them to integrate production throughout North America and make production competitive with Asia and Europe, and have noted the increase in auto production over the past two decades with the deal in place. They have warned that changing NAFTA too much could prompt some companies to move production out of the United States. The chief executives of General Motors Co, Ford Motor Co, Fiat Chrysler, along with senior U.S. executives from Toyota Motor Corp, Volkswagen AG, Hyundai Motor Co, Nissan Motor Co, Honda Motor Co , BMW AG and Daimler AG met with Trump, as did the chief executives of two auto trade groups. Major automakers reiterated this week they do not support freezing fuel efficiency requirements but said they want new flexibility and rule changes to address lower gasoline prices and the shift in U.S. consumer preferences to bigger, less fuel-efficient vehicles.

2016 Mercedes-Benz G550 Quick Spin [w/video]

If there ever was an automotive embodiment of the phrase, "If it ain't broke, don't fix it," that'd be the Mercedes-Benz G-Class. The G-Wagen has carried on largely unchanged since the 1970s, with only small updates throughout the decades. Today, it's the halo vehicle for Mercedes' entire SUV range, and while it's more luxurious and efficient than ever, it'll still climb a mountain if asked. "Our legend has a bright future," says Dr. Gunnar Guthenke, Mercedes' G-Class boss. And for now, that means the addition of a new base engine for the 2016 model year, as well as other small updates. The powerplant in question is Merc's new twin-turbocharged, 4.0-liter V8 – you know, the one from the AMG GT – tuned to produce 416 horsepower and 450 pound-feet of torque in the G550. Compared to the outgoing, naturally aspirated, 5.5-liter V8, the new engine is stronger by 34 hp and 59 lb-ft. And while official fuel economy numbers are still pending, Mercedes says the G550 is 17-percent more fuel efficient with this smaller, more powerful engine. Win-win. As for the rest of the G-Class, the 2016 model year changes are limited to a new front bumper with more pronounced air intakes (and the removal of the cow catcher bars), wider wheel arches, a few new colors (including some seriously bright hues), and a redesigned instrument cluster. Those are all well and good, but the star of the show is that 4.0-liter V8. It's a honey in the AMG GT, and it's a perfect fit under the hood of the G550. Driving Notes I'm kicking myself for not taking video of the exhaust note, because holy crap, the G550 sounds amazing. Mercedes' engineers should be applauded for the exhaust tuning on the updated G-Class. The result is a low, burbly, throaty V8 noise that comes bellowing out the SUV's side pipes. The extra 59 lb-ft of torque is really noticeable off the line. And like in the AMG GT and C63, the 4.0-liter V8 provides linear power delivery with no noticeable turbo lag. Mercedes says the 2016 G550 will do 0-60 in 5.7 seconds, compared to 6.0 seconds in the 2015 model. That's right, it's a 5,724-pound, box-shaped SUV that'll run nearly neck and neck with a base Porsche Boxster. In terms of on-road refinement, the G-Class is the same as it ever was. There's an optional, adjustable suspension for 2016, with Comfort and Sport modes, but the difference between the two settings is negligible.

Here's how Detroit is selling more luxury vehicles than Germany and Japan

Now there's an attention-grabbing headline, eh? Although the answer to the riddle - pickup trucks and SUVs - might be somehow deflating, the numbers involved deserve a going over. According to TrueCar's figures (click on the table to enlarge), six of the year's ten best-selling vehicles in the US that sell for a transaction price above $50,000 are body-on-frame, and the Mercedes-Benz E-Class is the only foreigner to crack the top five. Every enthusiast knows that pickup trucks are 'Murica's most popular vehicle by a colossal margin, and there have been plenty of reports about the popularity of luxuriously appointed trucks and SUVs, but compare these figures from TrueCar: 70 percent of Chevrolet Tahoe sales have a transaction price above $50K, and The Bowtie is expected to make $3.9 billion in revenue on 66,945 predicted high-dollar sales; 95.1 percent of E-Class sales break $50K, so the German company will make $4.0 billion on 67,006 predicted sales in that pricing sphere. It's about the only time you'll see the Tahoe ranked right next to Mercedes' bread-and-butter sedan. Ram is ahead of those two with $4.2B coming from $50K-plus sales. The Ford F-Series does almost as much revenue as the next three combined, with an expected $10.8 billion coming from sales of trucks over $50K - more than a quarter of the model's total sales, when a base F-150 can be had for about $26,000. Yes, the Germans make a lot more money on fewer sales, but considering the comparison, the bottom line isn't too troubled by such facts. Weighing like-for-like, the full-size Ford walks it in every category; elsewhere, the Chevrolet Silverado outsells the Ram, but the Ram outsells the Chevy by 6.7 percent above $50K. And for all the flak GMC takes over swapping out grilles, the Sierra also outsells the Chevy in the well-appointed segment, 16.1 percent of sales versus 11 percent – the Professional Grade brand is a huge profit center for The General. You'll find more info in the TrueCar press release below. TrueCar finds pickup trucks far outsell premium brands among top 10 vehicles over $50,000 Ford F-Series pickup sales over $50,000 surpass combined BMW 3, 5, 7 Series luxury car sales SANTA MONICA, Calif. (December 10, 2014) - TrueCar, Inc., the negotiation-free car buying and selling platform, finds mainstream pickup trucks and sport-utility vehicles dominate U.S.