U.S. Politicians are unhappy about Johnson Controls’ latest move. According to Automotive News, politicians including Hilary Clinton, are unhappy about the move due to the tax impacts.
Pickup Trucks Now Dominate The Luxury Car Segment. Trucks make up five of the top 10 luxury vehicles over $50k, according to this Forbes.com piece.
Ford is pulling out of Japan and Indonesia. The automaker has reported these markets are not profitable, according to the Detroit Free Press.
Elon Musk Wants To Build Teslas In China. Musk wants to avoid import duties by manufacturing in the country, according to Fast Company.