Auto sales continued to slide in June, as car buyers react to higher vehicle prices and Detroit backs away from dumping unwanted inventory into rental-car lots.
NYS Entity Status
NYS Filing Date
NOVEMBER 06, 2013
NYS DOS ID#
NYS Entity Type
DOMESTIC BUSINESS CORPORATION
2013 - JAMES AND JESSE AUTO SALES INC.
AROUND THE WEB
- U.S. Auto Sales Fall as Fewer Vehicles Go to Rental Chains
Monday Jul 3, 2017
- Fiat Chrysler's Green Autos Have a Problem: They're Not for Sale
Saturday Jun 24, 2017
The auto maker suspended production of its well-regarded Pacifica hybrid minivan in recent weeks and has recalled it, leaving customers and dealers disappointed.
- New York City and James Blake Resolve Excessive-Force Claim
By BENJAMIN MUELLER - Wednesday Jun 21, 2017
As part of the deal with the former pro tennis player, the city will create a new position within the agency that investigates police misconduct.
- After years of growth, automakers are cutting U.S. jobs
By Bill Vlasic - Wednesday Jul 5, 2017
DETROIT — After a prolonged recovery that culminated in two years of record sales, the American auto industry is slowing down, with fewer buyers in dealer showrooms and fewer workers on the factory floor.The decline signals at least a pause in Detroit’s resurgence from the dark days of the financial crisis, which General Motors and Chrysler survived only through bankruptcy and bailouts.Industry analysts said consumers might be pulling back on spending because of tighter credit conditions and more expensive vehicle loans.“Higher interest rates and uncertainty around fiscal policies will slow economic growth, and may become headwinds for auto sales,” said Charlie Chesbrough, an economist for the research firm Cox Automotive.With low gas prices motivating buyers to trade in traditional cars for larger models, factories making trucks and sport utility vehicles are humming, with some producing around the clock on three shifts.Even as overall vehicle sales declined in June, sales of trucks and sport utility vehicles rose about 4 percent from a year earlier.[...] if falling sales overall in the United States continue to cut employment in U.S. plants, it could spur protectionist measures by the Trump administration, like imposing border taxes on imported vehicles.Scaling back jobs in car plants is part of a newfound discipline among automakers to avoid bloated payrolls and inventories when sales start slipping.[...] the Detroit companies have also hired large numbers of lower-wage, entry-level employees with less costly unemployment benefits.GM, for example, has reduced the number of shifts at several of its domestic plants, the most recent reduction being its announcement of cutbacks at a factory in Kansas that makes the Chevrolet Malibu midsize sedan — a segment that is rapidly declining as more buyers gravitate to SUVs.Fiat Chrysler, for its part, has eliminated production of compact and midsize cars altogether at factories in Michigan and Illinois, temporarily laying off workers as it retools the plants to produce SUVs and trucks.The bright spots in the overall employment picture are the expansion of production at niche automakers like Palo Alto electric-car company Tesla, and by foreign car companies including BMW, which is adding jobs at its sole U.S. plant, in South Carolina.“Seasonal factors drive a much higher retail mix of trucks and utilities in the second half of the year, so it makes sense to make production adjustments on the car side,” said James Cain, a spokesman for General Motors.
- Barry Jenkins Finds ‘Moonlight’ Feature Follow-Up: ‘If Beale Street Could Talk’
By Matt Pressberg, provided by
- Monday Jul 10, 2017
Barry Jenkins is in talks to direct “If Beale Street Could Talk” for Megan Ellison’s Annapurna Pictures, TheWrap has learned.The film is based on a James Baldwin novel about a young Harlem couple.More to come…Read original story Barry Jenkins Finds ‘Moonlight’ Feature Follow-Up: ‘If Beale Street Could Talk’ At TheWrap
- General Motors Lowers Outlook for Industry Vehicle Sales
Monday Jun 26, 2017
General Motors Co. expects industry vehicle sales to fall short of its original forecast for the year, the latest sign of a slowdown in the U.S. auto market after a record run.