At the Venice Film Festival, Lee Hong-Chi—Taiwan's first emerging director to receive the "Lion of the Future"—shines.

2024 The Light of New Taiwan-Lan Lan and Peng Lan－English

Jeep prices have gone through the roof. Buyers are bailing and dealers are furious

In recent years, Jeep vehicle prices have consistently risen, deterring many potential buyers and sparking strong dissatisfaction among dealers. The automaker, known for its rugged and adventurous brand image, now faces a sharp decline in demand, leaving dealers deeply frustrated.Market research indicates that Jeep’s prices have exceeded the budgets of many buyers, particularly for high-end models like the Wrangler and Grand Cherokee, which have seen significant price increases. Many consumers have expressed that they cannot justify such high prices and, despite their interest in the Jeep brand, are opting for other more cost-effective options.For dealers, the situation is even more challenging. Some have reported a drastic drop in sales, forcing them to reduce their orders or shift their focus to promoting other brands to keep their businesses running. Additionally, the high prices have led to inventory buildup, further squeezing their profit margins.A car hauler transporting Jeep Wranglers drives past striking United Auto Workers members outside the Stellantis Jeep Plant in Toledo, Ohio, during the 2023 strike. One of the two factories at that assembly complex is about to lose one of the two shifts that builds the Jeep Gladiator. Rebecca Cook/Reuters/FileThe issue with Jeep's pricing strategy has sparked broader discussions in the automotive industry. Experts suggest that automakers must balance profitability with market demand, and Jeep seems to have over-prioritized profit while overlooking consumers’ sensitivity to price.Jeep is currently under pressure from dealers to adjust its pricing policies to rescue sales. However, whether the automaker will take action to address these concerns remains to be seen.For Jeep, the challenge lies in maintaining its brand value while regaining consumer trust and interest in its vehicles.

McDonald's spends $100 million to lure customers back after E. coli outbreak

McDonald’s is allocating $100 million to address the fallout from a recent E. coli outbreak linked to its Quarter Pounders, which sickened over 100 people across 14 states and damaged sales. The company is spending $35 million on marketing campaigns, including a value deal featuring 10-piece chicken nuggets for $1, and $65 million to support franchisees in affected states.The outbreak, traced to slivered onions on Quarter Pounders, caused a significant decline in sales and visits in October. McDonald’s stock dropped 7% over the past month, and multiple lawsuits have been filed. However, the company announced that recent tests found no E. coli in its food, and Quarter Pounders with onions have returned to menus nationwide. McDonald’s is spending $100 million on marketingIn a memo, McDonald’s emphasized its commitment to rebuilding trust, with North America chief impact officer Michael Gonda and chief marketing officer Tariq Hassan highlighting the brand's legacy of responsibility. CEO Chris Kempczinski stated that McDonald’s is prepared to deploy further resources to regain customer loyalty.The marketing push also includes the continuation of its $5 meal deal, aiming to attract customers back to its restaurants.