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With Tesla Model 3 deliveries beginning, July may be the last month for a while in which the growth of green-car sales in the U.S. can be measured with some sense of accuracy and perspective, as all signs point to a spike in year-over-year growth from here on out. And with that in mind, things didn't look great last month. In fact, year-over-year sales of hybrids and plug-in vehicles were down for the first time this year, falling 9.6 percent from a year earlier to about 37,600 units. Plug-in-vehicle sales remained on the positive side of the ledger, though they slowed to a 16 ...
McLaren Automotive has been rumored to be bought by Apple back in 2016, but why sell a company which does so well on its own? Of course the car maker isn’t planning to do any of this, because its lineup brought it to record profitability and sales in 2016. The automaker reported Thursday that pretax profits for 2016 were 9.2 million pounds ($11.9 million) on revenue of $844.7 million. That's a 70 percent increase from 2015 profits and marks the fourth consecutive year of profits for the independent McLaren brand. Much of the company's higher profit tally in 2016 reflec...
Takata Corp. filed for bankruptcy protection in Japan and the U.S., after the world’s biggest automotive recall scandal. The company will be bought by the U.S. supplier Key Safety for $1.59 billion. The sale will not include some operations related to Takata’s business in the ammonium nitrate airbag inflators that were the subject of a global recall linked to defects that resulted in some airbags exploding with too much force and spraying the cabin with metal shards. Malfunctioning Takata airbag inflators have been linked to at least 16 deaths and 180 injuries worldwide ...
J.D. Power has released its 2017 annual report card on vehicle quality and again the first spot has been taken by Kia. Only 72 problems per 100 Kia vehicles were reported, and that’s despite the shake-up in the 2017 U.S. Initial Quality Study rankings that included significant shifts with the German and Japanese brands -- most notably, Toyota and Lexus -- falling behind many U.S. and Korean car brands. The vice president of global automotive company J.D. Power said that Kia is without question the best quality the world has ever seen. The industry is picking up steam and really impr...
The continuing fall in US auto sales in the first 5 months of 2017 has raised concerns about the future of auto demand in the country. But even considering the decrease there are factors which are still favoring the US automotive industry: US demand for trucks and SUVs- The first key positive factor for automakers is that auto buyers’ inclination for heavyweight vehicles such as trucks and UVs (utility vehicles) is intact. US car sales have fallen 11.0% to 2.7 million units in the first five months of 2017. In contrast, US truck sales have risen 4.7% to 4.3 million u...
