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The auto industry is warning that US sales declines, which have been consistent over the past year, may continue thanks to tariffs US President Donald Trump plans to slap on steel and aluminum imports. Toyota Motor, which plans to build a new $1.6 billion factory in Alabama with Mazda Motor, said the administration's decision will "adversely impact" car companies by raising costs and prices of cars and trucks sold in the US. That's even as more than 90 percent of the steel that Asia's biggest carmaker uses in the US is from that country. Trade groups represent...
Just 200,000 plug-in electric cars were sold in the U.S. last year. Although that's the highest number yet, it's still just a little more than 1 percent of the market. Nowadays the general car-buying public at large is aware that EVs exist, but most of them consider that electric cars are not viable and practical. According to the recent data from California, the state's buyers are no more aware of electric vehicles than they were three years ago, when far fewer of them were available. This makes electric-car advocates worry that growing electric-car sales will arrive o...
In Tunis a local BMW dealer poked fun at his competitor by placing a billboard saying "It's never too late to change your mind." The billboard was placed just a few meters from the dealer center selling various VAG products, including Audis, Porsches and VWs. As the footnote shows, the billboard was commissioned by Ben Jemâa Motors, an official BMW and Mini dealer in Tunisia. Just a few days later Audi issued a prompt response to BMW’s passive-aggressive message. The new billboard starting with a big “LOOOL” at the...
It seems like Nissan isn’t doing as great as we thought. Its sales went down due to high costs from improper final inspection procedures at home and higher discounts in the U.S.. Nissan's quarterly operating profit was 82.4 billion yen ($752 million) between October and December, down from 163.51 billion a year earlier. The automaker took a 39.6 billion yen hit in the quarter due to costs related to improper procedures for final inspections on vehicles produced at its Japan plants, while U.S. marketing and sales expenses, which include incentives, cost the automak...
The Renault-Nissan alliance emerged as the world’s biggest seller of light vehicles in 2017, bumping Volkswagen off the top spot, after the inclusion of Mitsubishi's numbers boosted its final tally. The group sold vehicles in nearly 200 countries under 10 brands, led by China, the U.S., France and Japan. Nissan sales hit a record high of 5.82 million, while French carmaker Renault has reported sales of 3.76 million. Mitsubishi’s sales came in at 1.03 million, bringing total 2017 sales for the group to around 10.61 million light vehicles. Together, the three carmakers beat reco...