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  • Oil prices fell down more than 1.5%, raising fears for slow demand
    10 Aug 2017

    Do we have to fear for slow demand now that oil prices fell more than 1.5 percent?! U.S. West Texas Intermediate crude CLc1 settled down 97 cents or 1.96 percent to $48.59 a barrel. Brent crude futures LCOc1 were down 80 cents or 1.52 percent to $51.90 a barrel.  U.S. stock indexes fell sharply on Thursday, with the Dow and the Nasdaq posting triple-digit point declines, as investors fretted over escalating tensions between the U.S. and North Korea. The falling U.S. stock market translated to weakness in the oil market, that raised concerns about demand. The demand picture gets murky...

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  • Fully electric car sales up 86% in 2017
    02 Aug 2017

    Despite the good promotion and ecstatic headlines about the new Tesla Model 3, the car hasn’t managed yet to become number 1, the green market is still being dominated by its big sister Model S. The Chevy Bolt, with a record sales month, took the #2 spot, inching out my estimate for the Model X. After that, the plug-in hybrid Toyota Prius Prime and Chevy Volt round out the top 5.  Despite the addition of some extremely quick competitors on its track, the Nissan LEAF landed a healthy monthly sales total — still well above 1,000 cars a month — to take the #6 spot. Aft...

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  • Porsche recalling 22,000 cars due to diesel cheating concerns
    30 Jul 2017

    Just because your name is considered to be synonym for quality, doesn’t mean you will always follow these rules, and don’t make mistakes. If you don’t believe that, just see here how many Cayenne cars Porsche is recalling for having a software glitch fixed with an update  The number of Porsche Cayenne Diesel models affected with the software issue is more than 21,500 vehicles in Europe from model years 2014 to 2017, including 6,000 in Germany, all powered by the 3.0-litre V6 Diesel. The issue is with irregularities in the engine control software ...

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  • Renault-Nissan beating Volkswagen, Toyota and General Motors
    28 Jul 2017

    When two automakers with lots of potential make an alliance there is no wonder that their sales get global. That’s exactly what happened after Japanese automaker Nissan Motor Co. and Renault SA of France got together. The automakers claimed the top rank for the first time, by beating perennial top-sellers Volkswagen, Toyota and General Motors.  The Nissan-Renault alliance, which has included Mitsubishi Motors Corp. it acquired the Japanese automaker last year, sold 5,268,079 vehicles around the world in January-June. That was more than Volkswagen AG at 5,155,600, and Japan...

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  • BMW aims to electrify all brands and model lines
    26 Jul 2017

    BMW has officially announced that it plans to produce a fully electric version of the three-door hatchback Mini. The car will go into production in 2019, and the battery electric drivetrain will be produced at BMW's Bavarian facilities, then transported to Plant Oxford where it will join the cars. BMW says there will remain a diesel variant in addition to the petrol, plug-in hybrid, and EV versions of the Mini. No prototype shots have been released of the upcoming cars; the current one was unveiled in late 2013.  The UK production location isn't the only place where BMW build...

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