Chancellor Philip Hammond says the UK will ‘strike out in a new direction’ in the event of a no deal Brexit

first_img Hammond said earlier today he would use fiscal buffers to boost the economy under a no deal scenario and “strike out in a new direction”. He has previously suggested that the UK would pursue lower taxes and a reduced regulatory burden in order to lift its global competitiveness, potentially undercutting European rivals. August Graham “If we don’t get a deal… [then] we would need to take a different approach to the future of Britain’s economy,” Hammond said yesterday.”We would need to look at a different strategy and frankly we’d need to have a new budget that set out a different strategy for the future.”He said that Office for Budget Responsibility projections, upon which today’s Budget is based, assume that Britain will negotiate an “average-type free trade deal”. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailBetterBe20 Stunning Female AthletesBetterBeJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo!   JustPerfact USAWarped SpeedCan You Name More State Capitals Than A 5th Grader? Find Out Now!Warped SpeedOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyBridesBlushWhat The Harry Potter Stars Look Like Out Of CostumeBridesBlushAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic Mirror Sunday 28 October 2018 8:04 pm Chancellor Philip Hammond delivers his latest Budget tomorrow, but has warned that he will be forced to take an entirely different approach if the UK and the European Union fail to agree a Brexit deal. Speaking to Sky News, the chancellor insisted it was “extremely unlikely” that the UK would leave the EU without a deal, despite political stalemate over the Irish border.”No one is more committed to getting a deal than me and the prime minister. This is absolutely in the best interest of the British people,” he said.However, in the event of a cliff edge, “we would take appropriate fiscal measures to protect the economy, to prepare us for the future and to strike out in a new direction that would ensure that Britain was able to succeed whatever the circumstances we found ourselves in.”Last year Hammond told a German newspaper that the UK could move away from European-style tax and regulations if deprived of a Brexit deal. “If we are forced to be something different, then we will have to become something different,” he said at the time. “We could be forced to change our economic model, and we will have to change our model to regain competitiveness. And you can be sure we will do whatever we have to do.”Hammond promised that he has put aside a sufficient reserve of fiscal power to allow Britain to weather any potential problems. whatsapp “If the economy as the result of a no deal Brexit, or indeed because of something else that we haven’t anticipated, needs support over the coming months and years, I have the capacity to provide that support,” he said.City analysts have also raised the prospect of a ‘deal dividend’ – claiming that political agreement between the EU and UK could release spending decisions that have been put on hold during the negotiations.Brexit-backing Tory MP Bernand Jenkin told City A.M. that “any restoration of certainty is likely to release significant investment [in the economy] which has been held off by uncertainty around Brexit.” Share whatsapp Chancellor Philip Hammond says the UK will ‘strike out in a new direction’ in the event of a no deal Brexit More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPuffer fish snaps a selfie with lucky divernypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comWhy people are finding dryer sheets in their mailboxesnypost.com Tags: Brexit People Philip Hammondlast_img read more

Vaccinated guests no longer required to wear masks at Disney World

first_imgRELATEDTOPICS Sponsored Content Masks are no longer mandatory outside at Disney parks May 17, 2021 Experts say it’s normal to feel uncomfortable about no masks May 16, 2021 AdvertisementTags: Disney Worldmasks ORLANDO, Fla. – Walt Disney World has changed its mask policy for vaccinated guests.Starting Tuesday, face masks will be optional for visitors to Walt Disney World who are vaccinated against COVID-19, though Disney workers won’t require proof of vaccination, the company announced on its website.Visitors who aren’t fully vaccinated still need to wear face masks indoors and on all rides and attractions, Disney said.Face coverings will still be required for all guests, regardless of their vaccination status, on Disney transportation, including Disney buses, monorails, and Disney Skyliner. Is Your A/C Summer-Ready? 12 Things to Check AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments Disney parks to restart firework show in latest lifting of rules June 15, 2021center_img AdvertisementLast month, Disney started allowing visitors to go without masks outdoors. The resort also expects to ease up on physical distancing guidelines in the near future.“It’s important to remember that some experiences and entertainment may still be operating with limited capacity or may remain temporarily unavailable,” the company said on its website. “We’re not quite ready to bring back everything yet, but we are optimistic and look forward to the day when Disney pals and princesses are able to hug once again.” Advertisement AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments Trader Joe’s drops mask mandate for fully vaccinated customers May 17, 2021 Advertisement By Home Sweet Home | Presented by California Closets Make sure your A/C can handle the heat this summer with these 12 tips and how to know when to call in the pros.last_img read more

China Denies Torture Against Kim

first_img There are signs that North Korea is running into serious difficulties with its corn harvest RELATED ARTICLESMORE FROM AUTHOR Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak Today, the Chinese Foreign Ministry has denied the torture of Kim Young Hwan, researcher at Network for North Korean Democracy and Human Rights (NKnet), stating, “Our investigation of Kim Young Hwan was in full accordance with the law and ensured his legal rights.” According to the Chinese Foreign Ministry spokesperson, “China’s National Security Agency investigated this case following appropriate legal procedure and therefore assured the rights of the South Koreans,” Adding, “Our assessment on the matter has already been sent to the South Korean government.”This is the first official position regarding Kim Young Hwan’s accusations that China has offered since the researcher initially revealed “[during my detention] there was physical mistreatment, such as depriving me of sleep for long hours.” Researcher Kim claims that one condition of his release was that he remains silent on the torture he was subjected to during his detainment.It is highly likely that diplomatic clashes will occur between South Korea and China in the future, should China continue to deny the torture of Kim Young Hwan. The South Korean government intends to press the issue, in order to ascertain whether or not severe mistreatment of their citizens can be confirmed. However, obtaining evidence will be difficult. As negative public opinion grows both domestically and abroad, it is likely that the Chinese government will have to give further explanation.North Korean human rights organizations pointed out that the international community must urge the Chinese government to apologize for using torture against Kim, as well as push for the prevention of future violations on human rights activists and improvements on human rights in China. News News North Korea tries to accelerate building of walls and fences along border with China SHAREcenter_img AvatarMok Yong Jae News News Facebook Twitter By Mok Yong Jae – 2012.07.31 3:14pm China Denies Torture Against Kimlast_img read more

SEC reminds investors to safeguard securities certificates

James Langton Facebook LinkedIn Twitter The U.S. Securities and Exchange Commission (SEC) issued a bulletin on Friday, alerting investors to the need to safeguard securities certificates, and detailing its program for dealing with lost, stolen, or counterfeit certificates. The SEC’s Office of Investor Education and Advocacy says it issued the notice to help educate investors about lost and stolen securities, and about the commission’s database of certificates that are reported lost, stolen, missing, or counterfeit. Share this article and your comments with peers on social media The notice indicates that vast quantities of cancelled securities certificates have been generated in recent years, both due to an active stock market, and the fact that many corporate bond issues have been called for redemption early. These certificates can, in turn, be stolen and used in frauds. “In many cases, the stolen certificates have reentered the marketplace either through sales or as collateral for loans, resulting in fraud on public investors, public companies, creditors, broker-dealers, and transfer agents,” it says. “Not only do situations such as these present potential liability for the transfer agents responsible, but they consume the resources of regulatory and criminal law enforcement agencies.” As a result, the SEC has set up a database to track lost, stolen, missing, and counterfeit certificates, which is operated by the Securities Information Center (SIC). It reports that, as of December 31, 2011, the database included securities with a total value of approximately $801 billion. The notice advises investors who are holding certificates directly to safeguard them from theft or loss. And, that if that happens, it should be immediately reported to the transfer agent and their broker, who can report the certificate missing. Additionally, it recommends that investors keep a copy of both sides of their certificates separate from the certificates themselves, so that ownership can be proven if a certificate is lost or stolen. Companies Securities and Exchange Commission read more

OSC commissioner drops out of First Leaside hearing

James Langton Retail trading surge on regulators’ radar, Vingoe says Phillips and Wilson stand accused of securities law violations that perpetrated a fraud on investors. Those allegations have not been proven, with closing arguments in the case scheduled for Sept. 9. (See Investment Executive, OSC accuses First Leaside founder, salesman of deceiving investors, June 4, 2012.) However, the order indicates that on July 22, the respondents in the case filed a motion seeking an order that Carnwath, who chaired the panel that heard the case in June, recuse himself “on the basis of a reasonable apprehension of bias”. It also notes that OSC staff maintain that they “have not demonstrated any bias”, and that they are out of time to bring the recusal motion. Nevertheless, the OSC’s order says, “Commissioner Carnwath, while not accepting the submissions of the respondents in the recusal motion, has recused himself for the sole purpose of permitting the efficient and uninterrupted continuation of the proceeding.” So, the hearing will proceed with the two remaining commissioners who, it notes, “are satisfied that they have not prejudged the allegations made against the respondents.” Related news A commissioner has dropped out of the Ontario Securities Commission panel hearing the case against First Leaside Group founder, David Charles Phillips, and senior salesman John Russell Wilson, after they accused the commissioner of bias. The OSC issued an order Thursday indicating that the hearing against Phillips and Wilson will continue after commissioner James Carnwath withdrew from the panel amid allegations of bias from the respondents. Keywords FraudCompanies Ontario Securities Commission, First Leaside Group DoJ launches task force to tackle Covid-19 fraud Imposters among us, CSA warns Share this article and your comments with peers on social media Facebook LinkedIn Twitter read more

Energy sector helps lift TSX

first_imgstock market concept bull and bear beinluck/123RF S&P/TSX composite hits highest close since March on strength of financials sector Major North American indices mostly continued to gain ground Monday, with Canada’s main stock index adding nearly 100 points, as investor regained confidence in equities.The S&P/TSX composite index advanced 98.42 points to 15,217.70 with health care and energy stocks leading the gain. In New York, the Dow Jones industrial average rose 190.87 points to 25,461.70 and the S&P 500 index gained 15.25 points to 2,738.31. The Nasdaq composite retreated 28.14 to 7,328.85.The gains are a continuation of restored optimism in the markets following the selloff last month, said Craig Fehr, Canadian markets strategist for Edward Jones.When stocks plunged in October, Fehr said, the fundamentals of corporate earnings and economic growth were a bit overshadowed by some panic.Investors are now re-entering the market in recognition of the positive fundamental backdrop, he said.It’s likely this month and the next will be good for the markets, Fehr said.“If history holds, the November/December period after a mid-term election tends to be quite positive for equities,” he said.“Under the premise that when you just remove the spectre of uncertainty of an election, markets get back to focusing on what tends to drive them more over the long term, which is fundamentals and not politics.”America holds its mid-term elections Tuesday. The outcome could drive some short-term volatility, said Fehr, but is less impactful over the long term.In currency markets, the Canadian dollar traded at an average of US76.36¢, up 0.05 of a U.S. cent from an average of US76.31¢ on Friday.In commodities, the December crude contract fell US4¢ to US$63.10 per barrel and the December natural gas contract rose roughly US28¢ to about US$3.57 per mmBTU.The December gold contract shed a dollar to US$1,232.30 an ounce and the December copper contract declined about US5¢ to roughly US$2.76 a pound. Aleksandra Sagan Related news TSX gets lift from financials, U.S. markets rise to highest since March Toronto stock market dips on weakness in the energy and financials sectors Keywords Marketwatch Facebook LinkedIn Twitter Share this article and your comments with peers on social medialast_img read more

Minister Ng speaks with Costa Rica’s minister of foreign trade

first_imgMinister Ng speaks with Costa Rica’s minister of foreign trade From: Global Affairs CanadaReadoutYesterday, the Honourable Mary Ng, Minister of Small Business, Export Promotion and International Trade, and Andrés Valenciano, Minister of Foreign Trade, Costa Rica, met bilaterally for the first time, virtually, and discussed expanding Canada and Costa Rica’s already strong trading relationship.Yesterday, the Honourable Mary Ng, Minister of Small Business, Export Promotion and International Trade, and Andrés Valenciano, Minister of Foreign Trade, Costa Rica, met bilaterally for the first time, virtually, and discussed expanding Canada and Costa Rica’s already strong trading relationship.Ministers Ng and Valenciano underscored their shared focus on increasing inclusive trade opportunities and the importance of supporting small and medium-sized enterprises. Minister Ng also promoted the Global Trade and Gender Arrangement, which recognizes the importance of gender-responsive trade policies that remove barriers to women’s participation in international trade, and welcomed Costa Rica’s interest in the initiative.The ministers acknowledged the serious economic challenges that Canada, Costa Rica and countries all over the world are facing due to the COVID-19 pandemic. They committed to increasing regional cooperation to identify priorities for and a path toward an inclusive economic recovery. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:business, Canada, Costa Rica, covid-19, Export, foreign trade, global trade, Government, International trade, Minister, pandemic, Small Business, trade, worldlast_img read more

Statement on Meeting Between President Joe Biden and President Vladimir Putin of Russia

first_imgStatement on Meeting Between President Joe Biden and President Vladimir Putin of Russia The White HousePresident Biden will meet with President Putin in Geneva, Switzerland on June 16, 2021. The leaders will discuss the full range of pressing issues, as we seek to restore predictability and stability to the U.S.-Russia relationship. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Geneva, Government, house, meet, President, press, Putin, Russia, Secretary, Switzerland, United States, White Houselast_img read more

Queensland Government delivers major redevelopment of Roma Hospital

first_imgQueensland Government delivers major redevelopment of Roma Hospital JOINT STATEMENTPremier Annastacia Palaszczuk has officially opened a new and improved hospital in south west Queensland delivered as part of the government’s record $21.8 billion investment in public health.Tens of thousands of west Queenslanders will now have access to world-class health facilities under the one roof thanks to the Palaszczuk Government’s investment in the new Roma Hospital.The Premier today toured the new $116.6 million hospital which now caters to increased outpatient capacity and houses 22 beds, two birthing suites, two operating theatres and is capable of accommodating families and people travelling long distances for day surgery.“Roma Hospital is everything a state-of-the-art hospital should be to support people in the south west and to look after their families and loved ones,” the Premier said.“We’re investing more in health than any government in our state’s history because we know how important it is for people in regional Queensland to have access to great facilities.“New public infrastructure is also an important part of our plan for economic recovery.“Throughout construction, the Roma Hospital project has created dozens of jobs for local workers – injecting millions of dollars into our economy at a time businesses need it most.”The new hospital was built through the Palaszczuk Government’s $180 million Enhancing Regional Hospitals Program.The Premier said the redevelopment was the single largest investment in healthcare in South West Queensland since 1987.“The health of Queenslanders remains a top priority at all times, not only during a global pandemic, and my government’s record investment in health care is delivering nation-leading facilities,” the Premier said.“That’s why the most recent Queensland State Budget included an investment of more than $21.8 billion in health.“We are also tackling the unprecedented demand in our hospitals with the $100 million Care4Qld package delivering 65 new beds and other services.”More than 60 local workers, including five apprentices and trainees, were employed during the construction of the new Roma Hospital.Health Minister Yvette D’Ath said in total, the Roma Hospital project created 97 jobs.“This hospital development also provided a major boost to the local economy with more than $4 million spent directly with local companies during construction, and more than 40 local businesses engaged for contracting work, supply services and materials,” she said.“Roma Hospital has been built with patients and communities front of mind, thanks to a strong public consultation process and input from locals.“This is a benchmark by which all hospital construction should be measured and I congratulate everyone at South West Hospital and Health Service and all of the stakeholders for delivering this world-class hospital.” /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Australia, Government, health, health minister, healthcare, hospital, infrastructure, Investment, Minister, Palaszczuk, pandemic, project, public consultation, public health, QLD, Queensland, Roma, surgerylast_img read more

Ford, GM losing battle of the crossovers

first_img By 2023, GM, Ford and Fiat Chrysler Automobiles NV will produce only 35 percent of North America’s crossovers, down from 61 percent in 2005, according to Alan Baum, an independent auto analyst in West Bloomfield, Michigan.That’s less of a collapse than in cars. Detroit will account for just 16 percent of North American output by 2023 — after Ford and Fiat Chrysler will have stopped making mainstream sedans — down from 53 percent in 2005, according to Baum’s estimates.Still, Baum expects the three traditional U.S. automakers will miss out on the sales growth in car-based crossovers and become even more dependent on pickups and bigger SUVs built on truck frames. By 2023, Detroit’s share of North American truck production will remain rock solid at 86 percent, Baum said.“The Asians and the Europeans are taking over crossovers in the U.S. by adding new models and more manufacturing capacity. They did the same thing in cars 10 or 20 years ago,” he said. “In Detroit, this puts even more pressure on trucks.”Automakers will tally up the score next on Wednesday by announcing July sales. Industrywide deliveries may have slowed to at an annualized pace of 16.7 million in July, according to a Bloomberg News survey of 10 analysts. The rate, which is adjusted for seasonal trends, was 16.8 million a year earlier and 17.5 million in June.As Detroit automakers come to grips with the softening market, models like the Ford Escape illustrate their uphill challenge. An assembly plant in Louisville, Kentucky, is the company’s lone source of the crossover model for North America, with the capacity to build about 350,000 a year, Baum said.Honda, by contrast, is about to have four North American plants building its CR-V model. The company gets about 200,000 units annually from each of its factories in East Liberty, Ohio, and Alliston, Ontario. About 70,000 are built in Greensburg, Indiana, and its plant in Marysville, Ohio, will chip in an additional 40,000 units a year starting next month.All those plants add up to capacity for more than half a million CR-Vs a year in North American factories that also produce a smorgasbord of other models — and can adjust relatively quickly as consumer tastes evolve.“We’re moving cars all over the place all the time to maximize our opportunities in the market,” Ray Mikiciuk, assistant vice president of sales for Honda’s U.S. unit, said by phone.Japanese automakers also supplement North American production with imports, an approach that looks riskier as the Trump administration has begun a national-security investigation that could lead to prohibitive tariffs. Nissan sources Rogue models from Tennessee and Japan, while Toyota relies on Ontario and Japan for RAV4s.U.S. automakers still are capable of strong forays in crossovers, Baum said. GM’s Chevrolet, for instance, reported a 17 percent sales jump for its Equinox crossover through June after completely redesigning the vehicle last year.Brian Johnson, a Barclays Plc analyst in Chicago, points to the brand’s forthcoming Blazer model as the kind of performance-oriented crossover that Detroit will need to differentiate from other offerings and command premium prices.But that sort of effort may be an exception over the next four years. Fiat Chrysler, for example, will account for about 3 percent of the industry’s new-car introductions, 11 percent of crossovers, and 31 percent of trucks during that span, Baum said. That plan carries some risk. Oil prices have jumped about 65 percent since June 2017, topping $70 a barrel on Monday. And crude could get even costlier if geopolitical tensions escalate between the U.S. and Iran, as they did in 1979 — with devastating consequences.“Detroit isn’t any less dependent on pickups now than it was in 2007,” Noble said. “Pickups are great when America is booming, but they’re horrible in a downturn.” But the dueling commercials highlighted an all-too-familiar story. In a sequel to Detroit’s virtual capitulation of the still-sizable U.S. passenger-car market, GM and Ford are trying to pick off one another’s customers as they struggle to go toe-to-toe with the likes of Toyota Motor Corp., Nissan Motor Co. and Honda Motor Co. The ground they’re giving up to Japanese automakers now is with the crossovers that boast better handling and fuel economy than truck-based sport utility vehicles. “The U.S. has been the epicenter for the crossover market for 20 years, and the fact that our domestic automakers aren’t any better at it than the foreign brands is damning,” said Eric Noble, founder of the CarLab, a consulting firm in Orange, California. During broadcasts of Wimbledon tennis matches this month, a promotional game was playing out between General Motors Co. and Ford Motor Co. Unfortunately for Detroit, Michigan, the two look outmatched by other opponents.The advertisements were for crossover vehicles that are crucial to automakers’ success in the U.S., with consumers buying them in droves at the expense of sedans. GM was dangling a hefty 18 percent discount on most Buick Encore models. Ford was hitting back with an ad in which the narrator opened: “Considering Buick Encore? You should look at the all-new Ford EcoSport.” SHARE STORY RELATED TAGSFordFeature StoryNews COMMENTSSHARE YOUR THOUGHTS We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information.last_img read more