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Renault-Nissan Alliance came just short of matching General Motors and joining the ranks of the three biggest automakers by global sales, after CEO Carlos Ghosn rescued a Japanese peer last year. Nissan Motor Co., Renault SA and Mitsubishi Motors Corp. combined delivered 9.96 million vehicles last year. The three automakers chaired by Ghosn finished fewer than 4,000 cars and trucks short of GM’s deliveries in 2016 and within about 350,000 units of new worldwide leader Volkswagen AG. Ghosn emphasized the scale Renault and Nissan would add by coming to the aid of Japanese peer Mitsubishi M...
The latest study revealed by specialists reveals that policy would deliver the sharpest blow to Jaguar Land Rover while giving a leg up to Ford Motor Co. and Tesla Inc. It seems like most automakers would need to raise vehicle prices by thousands of dollars, which is more than $17,000 per vehicle in Jaguar Land Rover’s case, because it imports all its vehicles. Ford, with significant domestic manufacturing, would need to mull the smallest price hike among major automakers, at about $282 per vehicle, followed by General Motors at $995, according to the report. The estimates aim...
BMW announced that sales of BMW X models made in Spartanburg County helped boost the total number of BMW brand vehicles sold in January. BMW North America President and CEO Ludwig Willisch claims that the increased availability of the highly popular BMW X models is paying off as X model U.S. sales in January topped the all-important 50 percent mark for the second month in a row. He also added that the company is very much looking forward to the launch of its brilliant next generation 5 Series. BMW North America reported sales of BMW brand vehicles increased 0.1 percent in January fo...
Daimler AG’s Mercedes-Benz jumped out to an early lead in the race for U.S. luxury car sales supremacy, posting a record January after winning the crown last year for the first time since 2013. Mercedes sold 25,527 cars and light trucks in the U.S. last month, a 3.5 percent increase from a year earlier. Following a year in which premium car models lost market share to light trucks, the brand scored significant gains with sedans last month, as the C-Class jumped 27 percent and E-Class surged 49 percent. Dietmar Exler, chief executive officer of the Atlanta-based U.S. unit, clai...
We knew that U.S. car and truck sales slipped 1.8% in January as automakers pulled back on bulk sales to rental, government and business fleets and concentrated on more profitable retail sales to individual consumers. Fleet sales, particularly those to rental agencies, are skewed toward passenger cars, which are falling out of favor as consumers shift to sport utility vehicles and trucks. Nissan's Rogue SUV continued to be Nissan’s top seller as sales soared 45.5% in January. It’s important to notice that 62.6% of January U.S. sales were of SUVs and trucks, up from 5...
