Convertible, Navigation, Parking Sensors, Heated Memory Seats, Xenon Hid on 2040-cars

Auto blog

U.S. issues new tariff threat, this time against British-built cars

WASHINGTON — Britain is the United States' closest ally but their long friendship may be sorely tested as the two countries try to forge a new trade agreement after Britain's exit from the European Union. U.S. Treasury Secretary Steven Mnuchin said on Saturday in London that he was optimistic that a bilateral deal with Britain could be reached as soon as this year. But Mnuchin gave up no ground after a second meeting with his UK counterpart, Sajid Javid. Javid has insisted that Britain will proceed with a unilateral digital services tax, despite a U.S. threat to levy retaliatory tariffs on British-made autos. Mnuchin told reporters after Saturday's meeting that such taxes would discriminate against big U.S. tech companies like Alphabet Inc's Google, Apple, Facebook and Amazon. The UK Treasury declined to comment on the private meeting. The divide highlights the challenges ahead as the Trump administration seeks a new bilateral agreement with Britain, part of a broader push to rebalance relations with nearly all its major trading partners. The stakes are high — British Prime Minister Boris Johnson has pegged the trade deal with United States as a way to ease the pain of breaking with Europe, Britain's largest trade partner. U.S. President Donald Trump, has promised a "massive" trade deal to support Brexit, the product of a populist movement similar to his "America First" agenda. The goodwill and special relationship the two countries have enjoyed for decades may not count for much, experts say. "Trump is not going to be doing Johnson any favors," said Amanda Sloat, a senior fellow with the Brookings Institution in Washington. "He's not going to give him a trade deal without major concessions." Even before the digital tax issue arose, the Trump administration threatened to tax foreign car imports, which could hit British-made Jaguar, Land Rover, Mini, and Honda Civic hatchback cars. Stiff U.S. trade demands include increased access for U.S. farm goods, concessions that will be difficult for Britain's entrenched natural food culture to swallow. The United States also wants Britain to change the way its National Health Service prices drugs and allow in more U.S. pharmaceuticals, which could prove politically unpopular for Johnson's government. Washington's demand that London block Chinese telecoms equipment maker Huawei Technologies Co Ltd for national security reasons could also cloud talks.

Aston Martin losses shrink, still amount to nearly $10k per car

Aston Martin's current lineup may be the best it's ever been, but that doesn't mean the automaker is making money off its Vantage, DB9, Vanquish and Rapide dream machines. In fact, the company lost $41 million in 2013, but that pretax figure is actually a third lower than in 2012. Revenue was up a promising 12.6 percent, according to Reuters. The Kuwaiti-owned British manufacturer blames its losses on the still troubled global economy, acknowledging that it's seen a small recovery in the ultra-high-end segment of the market. Global sales were up from 3,800 to 4,200 in 2013. To put it all in perspective, $41 million in losses on 4,200 units works out to around $9,700 lost per vehicle sold. That's no way to run a railroad. While the company's CFO, Hanno Kirner, told Reuters the company is hoping for a big bounceback by 2016, Aston's fortunes in the United States remain uncertain due to a new federal side-impact standards. The company has filed for exemption, although the jury is still out on the success of that petition.

Aston Martin Vanquish Carbon Edition is back in black [w/video]

Earlier this year, I spent the weekend with an Aston Martin Vanquish Volante in a particularly interesting shade of green – the same car you see photographed here, for our First Drive. When it was dropped off, I remember just staring at it, taking in all of its lines, the curves, its pronounced hips – all the details. To say the Vanquish is a gorgeous car is a vast understatement. And here at the Paris Motor Show, the already classy range-topping Aston coupe dons an even more gorgeous appearance in the form of the Carbon Edition. Aston Martin has already given similar treatments to its Vantage, DB9 and DBS (the Vanquish's predecessor), and the svelte look can be had on either the coupe or convertible models, available in black or white. The car gets black window surrounds, darker headlight trim, gloss black alloy wheels and a stylish herringbone carbon fiber trim in the cabin to go with the quilted leather upholstery. One thing that's left unchanged with the Carbon Edition is the massive, old-school powerplant underhood: Aston's 6.0-liter naturally aspirated V12 with 568 horsepower and 465 pound-feet of torque. Hitting 60 miles per hour takes just 3.6 seconds, on its way to a top speed of just over 200 mph. Have a look at the Carbon Aston in our live gallery above, and click below for a short video showing the sleek new Vanquish.