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A new company is planning on opening a closed-course testing facility for autonomous vehicles, we’re talking about The Toyota Research Institute. The 60-acre site, will open in October at the Michigan Technical Resource Park. It will be used to reproduce scenarios that are too risky to execute on public roads. A TRI spokesman declined to comment on the details of the agreement with the resource park, including the cost of the arrangement and the length of the lease. TRI plans to lease the track, and the land in the inner ring, from the Michigan Technical Resource Park, or MITRP...
In 2017 Volvo has made an announcement that all the models released from 2019 will be partially or fully electric. Today, the automaker goes even further, planning to sell over 50% of fully electric vehicles by 2025. This strategy to generate half of the company’s sales from electric cars by 2025 gives Volvo an advantage in China which is the world’s leading market for electrified cars. The Chinese government plans for more than 20 percent of the country’s annual auto sales to be alternative-energy cars. This is more than seven million cars, based on government for...
As consumer demand continued to weaken, the most powerful automakers have revealed their car sales for April 2018, and the results weren’t as good as expected. Auto sales have been on a bit of a roller coaster ride this year, with a weak performance in February followed by a jump in sales for some automakers in March.Ford Motor posted a 4.7-percent decline in sales, with retail sales to consumers down 2.6 percent. The No. 2 U.S. automaker said sales of its popular pickup trucks were up 0.9 percent, but SUV and passenger car sales were down 4.6 percent and 15 percent respectively.Nis...
As pressures mount on the industry despite rising vehicle sales, climbing technology costs, raw materials and global currency shifts ate into profits at the world’s carmakers. The US car market seems to recover, thanks to the sales increase in the first quarter.German groups Volkswagen and Daimler saw material and commodity costs deflate their earnings, while smaller operators Volvo and Mazda flagged rising technology and marketing spending for their profit drops. The outlay from launching new vehicles also took tolls on Fiat Chrysler, General Motors, Volvo and Daimler, with higher marke...
China and the U.S. might not be in th eir best relationship nowadays, but that doesn’t mean BMW will give up its sales goals. BMW will export its first full-electric SUV, called the iX3, to global markets after it goes into production in 2020 at its joint-venture plant in China. The iX3 project makes BMW the first major luxury-car maker to ship high-tech vehicles from China, in a sign consumers no longer equate the country with cheap products. It positions the Shenyang site to supply SUVs to the U.S., the second-biggest market for BMW, even with the question of higher Ame...
