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Audi of America reported an August sales increase of 2.8 percent to 19,811 deliveries. The Q7 and the new Q5 and A5 Sportback helped drive consumer demand. August was the 80th consecutive record sales month for Audi of America. The previous August record was set last year with 19,264 deliveries. Through August, Audi has now sold 141,606 vehicles in the U.S. this year. Deliveries of the new Q5 rose to 4,767 and have now risen 11 percent for the year. Q7 sales rose 35 percent over last August to 3,174 and have risen 20 percent year-to-date. Through August, Audi SUV sales have risen 12...
U.S. auto sales are down 2% this August, by totaling 16,14 million. We’ve got to admit that we expected to see even worse car sales data from the big three Detroit automakers, but as Houston area replaces flood-damaged cars and trucks after Hurricane Harvey, their shares got higher. General Motors, Ford and Fiat Chrysler posted mixed August U.S. sales, with GM up 7.5 percent and Ford and Fiat Chrysler down. Japanese automaker Toyota improved sales by nearly 7 percent, Honda's sales fell 2.4 percent. Still, analysts focused on the potentia...
Aston Martin aims to boost its market share in the U.S. and Japan to mitigate against any risks from Brexit which could add costs and delays to sales to the European Union. Around 20 percent of the brand's top-end cars are currently exported to the United States whilst 15 percent are sold to the European Union, with whom unfettered tariff-free trade is at risk depending on the outcome of Brexit talks. Aston Martin CEO Andy Palmer said the carmaker has ploughed resources into boosting demand in the world's biggest economy since the June 23 Brexit vote last year.&nbs...
People across the world, show more support for electric cars, and automakers start to deliver even more electric vehicles with longer range and lower prices. China even set an aggressive target for electric vehicle sales, in order to curb pollution, European countries aim to be all-electric by 2040 or sooner. Those lofty ambitions face numerous challenges, including one practical consideration for consumers: If they buy electric cars, where will they charge them? The distribution of public charging stations is wildly uneven around the globe. Places with lots of support from governme...
Fiat Chrysler Automobiles got an offer from a well-known Chinese automaker to buy it, but at a small premium over its market value. Of course the offer was rejected because of the price offered, but what’s more important here is that the Chinese powers started to show interest in Fiat. Meanwhile, other sources independently identified executives from other large Chinese automakers conducting their own due diligence on a potential purchase of FCA, including meeting last week with representatives of U.S. retail groups about a potential acquisition. A source said FCA executives h...
