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It's obvious that the auto industry is not able sell 17 million cars and light trucks in America year after year. At some point buyer demand will become sated. Higher interest rates will force manufacturers to offer less attractive deals. Thus, sales would begin to drop from their recent peak, which will create a set of difficult challenges for car companies that operate in the United States. A forecast for January sales predicts a dip of 3% to 1.13 million, which translates into 31,000 vehicles. Some car companies will start to be part of trends that may erode their earnings. A...
BMW is starting to produce model year 2017 diesel-powered vehicles earmarked for the US. Oil-burning variants of BMW's 3 Series sedan and wagon as well as diesel versions of its X3 and X5 SUVs may soon hit these shores. Diesel models such as the 328d Sedan, 328d Sports Wagon, X3 xDrive28d, and X5 xDrive35d will start production "shortly." Last July the EPA said it would delay BMW diesel sales in the US because US regulators were taking longer than expected to certify the vehicles. BMW confirmed that certification for the 2017 model year 328d Sedan, 328d Sports Wagon, ...
Environmental Protection Agency (EPA) Administrator Gina McCarthy confirmed on Friday that the agency will maintain its 2025 greenhouse-gas emissions targets. While some automakers have said that reaching those goals would be cost-prohibitive, McCarthy wrote that "automakers are well positioned to meet the standards through model year 2025 at lower costs than predicted." The timing is fortuitous with a week left in the Obama Administration, as there has been fear among environmentalists that President-elect Donald Trump may roll back some of those emissions-reduction efforts. &...
Tighter emissions rules in China and Europe put the global automakers and some consumers in tough situations, with an only choice they'll have to face, we are talking about embracing plug-in vehicles. The electrification of cars is a trend now, the electric car sales expanded by 50% in just 5 years. In Europe, green cars benefit increasingly from subsidies, tax breaks and other perks, while combustion engines face mounting penalties including driving and parking restrictions. China, struggling with catastrophic pollution levels in major cities, is aggressively pushing plug-in ve...
The EPA yesterday told an automaker lobbyist group that it will not extend the deadline for a review of strict fuel economy standards through the 2025 vehicle model year, indicating the agency will push ahead with a plan to make the rules final before the Obama administration leaves office Jan. 20. Acting EPA Assistant Administrator Janet McCabe informed the Alliance of Automobile Manufacturers, which includes most major automakers in the U.S. market. The auto manufacturers group had also requested that the EPA withdraw its plans to finalize the new standards. The denial of the aut...
