2006 Chrysler Pacifica Base Sport Utility 4-door 3.5l on 2040-cars

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The next steps automakers could take after sales drop again in April

DETROIT (Reuters) - Major automakers on Tuesday posted declines in U.S. new vehicle sales for April in a sign the long boom cycle that lifted the American auto industry to record sales last year is losing steam, sending carmaker stocks down. The drop in sales versus April 2016 came on the heels of a disappointing March, which automakers had shrugged off as just a bad month. But two straight weak months has heightened Wall Street worries the cyclical industry is on a downward swing after a nearly uninterrupted boom since the Great Recession's end in 2010. Auto sales were a drag on U.S. first-quarter gross domestic product, with the economy growing at an annual rate of just 0.7 percent according to an advance estimate published by the Commerce Department last Friday. Excluding the auto sector the GDP growth rate would have been 1.2 percent. Industry consultant Autodata put the industry's seasonally adjusted annualized rate of sales at 16.88 million units for April, below the average of 17.2 million units predicted by analysts polled by Reuters. General Motors Co shares fell 2.9 percent while Ford Motor Co slid 4.3 percent and Fiat Chrysler Automobiles NV's U.S.-traded shares tumbled 4.2 percent. The U.S. auto industry faces multiple challenges. Sales are slipping and vehicle inventory levels have risen even as carmakers have hiked discounts to lure customers. A flood of used vehicles from the boom cycle are increasingly competing with new cars. The question for automakers: How much and for how long to curtail production this summer, which will result in worker layoffs? To bring down stocks of unsold vehicles, the Detroit automakers need to cut production, and offer more discounts without creating "an incentives war," said Mark Wakefield, head of the North American automotive practice for AlixPartners in Southfield, Michigan. "We see multiple weeks (of production) being taken out on the car side," he said, "and some softness on the truck side." Rival automakers will be watching each other to see if one is cutting prices to gain market share from another, he said, instead of just clearing inventory. INVESTORS DIGEST BAD NEWS Just last week GM reported a record first-quarter profit, but that had almost zero impact on the automaker's stock. The iconic carmaker, whose own interest was once conflated with that of America's, has slipped behind luxury carmaker Tesla Inc in terms of valuation.

New Fiat Chrysler CEO picks management team to tackle industry in flux

MILAN/DETROIT — Fiat Chrysler's new boss unveiled his management team on Monday, seeking to revive the automaker in Europe, forge ahead in North America and keep the group in contention in the industry's race to develop self-driving and electric cars. Mike Manley took over in July after long-time chief Sergio Marchionne fell ill and later died after succumbing to complications from surgery. British-born Manley has since pledged to carry through a strategy Marchionne outlined in June to keep FCA "strong and independent." "The next five years will continue to be extremely challenging for our industry, with tougher regulations, intense competition and probably slower industry growth around the world," Manley said in a letter to employees on Monday. "Nevertheless, with a laser focus on execution and a continued flexibility that allows us to adjust as circumstances change ... we have a clear line of sight to achieving our five-year ambitions." Manley appointed Pietro Gorlier, thus far chief operating officer of FCA's components business, as FCA's next European chief to tackle a region where profitability is below that of peers, many workers are stuck in furloughs and various plants run at below capacity. The carmaker's previous European chief Alfredo Altavilla left after FCA appointed Manley as Marchionne's successor. As head of the components unit, Gorlier has also led Magneti Marelli, the parts unit that FCA may either spin off or sell. He will be succeeded at Magneti Marelli by the parts maker's lighting division head Ermanno Ferrari. Japan's Calsonic Kansei has been in talks with FCA about buying the unit, sources familiar with the matter have said, but no binding agreement has been reached and the deal could still fall apart. Choosing an Italian as head of Europe might soothe some fears in Italy that FCA could weaken its link to Fiat's roots. In his last strategy unveiled in June, Marchionne vowed to convert Italian plants to churn out Alfa Romeos, Jeeps and Maseratis instead of less profitable mass market vehicles to preserve jobs and boost margins. Europe will also become a big part of the company's electrification drive. FCA will copy in Europe what worked in the United States, where it retooled plants to build pricier SUVs and trucks in a move since emulated by bigger rivals Ford and GM. Manley also named new managers to succeed him at Jeep and RAM, the two brands which have been driving profits in recent years and remain at the core of growth plans.

This government surveillance van is both cool and creepy, and it could be yours

Whether you're planning a heist and need to gather information, or you're a government agency tracking down the leader of a crime ring, Hollywood has taught us that the unmarked van is the ideal machine for gathering intel. And apparently that's not just a Hollywood trope, because you can buy this actual, honest-to-goodness ex-government surveillance van: a 1998 Plymouth Grand Voyager. It's being sold by the Chicago suburb of Streamwood, Ill., on the government surplus auction site GovDeals. According to the description, the van was acquired by the town as part of a drug seizure and converted to surveillance duty. It looks like a plain white Grand Voyager for the most part, except for the amber flashing light on the roof. Or at least it looks like a light. It's actually the disguise for the camera periscope. Open up the sliding door of the van and you'll discover a swivel mount for the camera, a TV mounted to the back of the driver's seat, and a toolbox that holds all the electronic equipment, including battery chargers for the van and the camera. There are also solid panels behind the windows so that people walking by can't peer in and see all the equipment. It's a bit less wild than some of the vans we've seen on film, but those Hollywood vans are usually larger commercial vans that can store more people and stuff. Less interesting details include the fact that this Grand Voyager has a 3.3-liter V6 with an automatic transmission. It has just over 100,000 miles and was good for a little more than 150 horsepower and 200 pound-feet of torque when it was new. The interior looks impressively clean, as does most of the exterior, but the description and photos highlight the fact that the front strut towers are rusty and in need of repair. Included are new strut towers, but obviously the welding in and painting is the expensive part. Also, while we think this van is pretty neat, since it's an actual surveillance van like we've seen on film for years, we would feel creepy actually owning it. After all, it's a vehicle for watching people, and while a government might have a legitimate reason for doing that, your average person doesn't. Unless you need a prop for a film, are going to show it off at car shows, or are another city government needing a cheap surveillance car, we think having this would be a little too weird. But if you have one of those reasons, or are less worried about what people think, you have a few more days to bid.