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Analysts were expecting China to sell more than 60,000 green cars and hybrids but the truth is that only 44,874 new electric cars were sold by December. But let's be honest, even with these results they outsold more plug-in vehicles than US or Europe did. Overall China car sales share rose to a record of 1.45% above the USA (0.8%) and Europe (1.4%). Despite the “disappointing” plateauing in December, which is a bit like what happens when you expect that Usain Bolt will break the 0–100 meter world record every time he goes on the track, looking at the big pictur...
It seems like after all these years or car sales growth, tough days are coming for automakers. The previous success starts working against them, it means car costumers have bought so many new cars in the last years that they have a very low interest in them right now. A glut of used vehicles has started to depress prices. That trend will intensify as Americans will return 3.36 million leased cars and trucks this year, another jump after a 33 percent surge in 2016. The fallout has already begun, with Ford Motor Co. shaving $300 million from its financial-services arm’s profit f...
After Trump shared with us his angriness towards GM building a new plant in Mexico, we've been waiting for the American automaker to answer, and the wait is over. General Motors is gonna invest $1 billion along with 1,500 new jobs in US. In addition to the $2.9 billion investment the company announced in 2016 and more than $21 billion the company has invested in the U.S. since 2009. GM also said it will start moving axle production for its pickup trucks in the U.S., including work previously done in Mexico, to plants in Michigan. The company expects that move will create a...
It seems like US is not in a good relationship with German automakers since Donald Trump was elected as the new president. He threatened them with a hefty import tax if they plan to sell cars in the United States that were built in other countries, repeating a claim that has shaken the global automotive industry and its biggest players at home and abroad. The new president said that they can build cars anywhere in the world, but for every car that comes to the USA, they will have to pay 35 percent tax. Trump has issued similar warnings, via Twitter, to Ford, GM and Toyota. But ...
Tighter emissions rules in China and Europe put the global automakers and some consumers in tough situations, with an only choice they'll have to face, we are talking about embracing plug-in vehicles. The electrification of cars is a trend now, the electric car sales expanded by 50% in just 5 years. In Europe, green cars benefit increasingly from subsidies, tax breaks and other perks, while combustion engines face mounting penalties including driving and parking restrictions. China, struggling with catastrophic pollution levels in major cities, is aggressively pushing plug-in ve...
