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A vigorous court challenge is to be expected. New Work State’s general and 12 other top state law enforcement’s try to roll back vehicle emission rules announced by Trump’s administration before. In March, President Donald Trump ordered a review of U.S. vehicle fuel-efficiency standards from 2022-2025 put in place by the Obama administration, saying they were too tough on the auto industry. The push to weaken the rules by the Trump administration comes as automakers are worried that consumers shift to larger vehicles and low gas prices will make it expensive or impo...
Sales of BMW brand vehicles decreased 11.0 percent in May for a total of 25,818 compared to 29,017 vehicles sold in May 2016. Year-to-date, the BMW brand is down 3.6 percent in the U.S. on sales of 120,124 vehicles compared to 124,581 sold in the first five months of 2016. Notable vehicle sales in May include the BMW 5 Series which increased 12.7 percent to 3,677 cars, the BMW X1 which increased 12.6 percent to 2,489 vehicles, and the BMW X3 which increased 21.7 percent to 4,011 vehicles. Bernhard Kuhnt, President and CEO, BMW of North America, says that the all-new BMW 5 Series is ...
US May car sales finally revealed and surprisingly Ford Motor edged its archival and perennial first-place automaker General Motors sales when it came to sales last month. Although likely a temporary blip, Ford outsold crosstown rival GM by about 3,000 new cars and trucks in May, making it temporarily the largest automaker in the U.S. market. It was the first time Ford outsold GM since March 2016. Before that, it hadn't happened since March 2011. Ford's sales rose 2.4% for the month compared to the same month last year, GM was down 1.4% and the third of Detroit's Big 3, ...
As part of the efforts to reduce exposure General Motors will slash headcount at its international headquarters in Singapore. GM International -- which oversees markets such as India, Southeast Asia, and South Korea, among others -- will reduce its staff to about 50 from 180 by year end, according to a person with knowledge of the matter. About 90 employees will leave the company by the end of June and 40 by the end of 2017. Last week, the company said it would take a $500 million charge in the second quarter to restructure operations in India, Africa and Singapore. The company plan...
Nissan has reported its 2016 sales and it seems like the company didn’t really succeed in terms of car sales. Nissan’s operating profit dropped 6 percent in just ended fiscal year. The company’s operating profit declined to 742.2 billion yen ($6.67 billion) in the fiscal year ended March 31. Net income advanced 27 percent to 663.5 billion yen ($5.96 billion) in the January-March period. Nissan attributed the rise to a one-time gain from the sale of its stake in former group supplier Calsonic Kansei Corp., which it booked in the fiscal fourth quarter. Worldwide reve...
