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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.

Here's why our Lexus NX is uglier than the rest of the world's

Take a good look at the image above. That's the US-market Lexus NX 300h, and it looks, well... distinctive. Although the entire NX crossover sports styling that could certainly be described as controversial, it's the front end of the 'ute that seems to draw most of the ire, befitted as it is with Lexus' so-called spindle grill.
Now, take a look at the pair of images just below. The one on the left is from the States (the same model seen above), while the one on the right comes from Europe. Notice a difference? The lower front fascia of the European Lexus NX dips down much lower than the one from the US, and it looks much more refined because of it.
Why the disparity between the two designs? According to Top Gear Philippines, the reason why the US gets the more pointy proboscis is because of its classification as a light truck. It seems trucks are required to have some sort of concession to the car's approach angle - in other words, a truck should be able to clear an obstacle that a car might hit. Why does Lexus care if the NX is a car or truck? Well, that has to do with how fuel economy is reported, as trucks are given less-stringent requirements for Corporate Average Fuel Economy purposes.

2023 Lexus ES gets new touchscreen infotainment, F Sport packages

Toyota might be finished with the Avalon but Lexus isn't finished with the ES. The 2023 ES sedan acquires features to please a range of buyers, from a new infotainment system to new F Sport packages similar to those added to the IS sedan range. The benefit for every buyer will be Lexus Interface infotainment with touchscreen and voice controls. Oddly, Lexus didn't include a photo of the reworked interior, said to get a redesigned center console, a new sunglass holder, a new cup holder location, and an "available wireless charger." We believe the redesign jettisons the trackpad previously used to control the infotainment system, placed on the center tunnel next to the shift lever. If other recent Lexus offerings are the guide, we'll expect the cupholder to move to next to the shift lever instead of behind it — and hope Lexus forgot to make "cupholder" plural instead of giving front-row occupants two receptacles. The ES already offered a wireless phone charger, so we expect the news here is that it's also moved.   The touchscreen will be easier to control and also comes with a higher resolution. The system can be controlled by voice when given the "Hey Lexus" command to attention, and features dual microphones, seat detection, and speaker location capability. The standard screen continues to be eight inches across, the optional screen maxes at 12.3 inches. Wireless Android Auto and Apple CarPlay are included. For sedan shoppers seeking a bit more spice either cosmetically or dynamically, the ES adopts the F Sport Design Package and the F Sport Handling Package that came to the IS last month. Any ES (250 AWD, 350, and 300h) optioned up to Premium trim can add the F Sport Design bundle with its unique front bumper and grille surround, rear spoiler, and exclusive 19-inch, gloss black split-five-spoke alloys. It also adds Intuitive Park Assist to the convenience feature list.   ES 350 and ES 300h buyers who stump for the F Sport Design Package can further add the F Sport Handling Package. This gets two extra drive modes, Sport+ and Custom, to manage the F Sport adaptive suspension, plus a heated F Sport steering wheel, Hadori aluminum trim, aluminum pedals, and a black headliner.