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It seems like after all these years or car sales growth, tough days are coming for automakers. The previous success starts working against them, it means car costumers have bought so many new cars in the last years that they have a very low interest in them right now. A glut of used vehicles has started to depress prices. That trend will intensify as Americans will return 3.36 million leased cars and trucks this year, another jump after a 33 percent surge in 2016. The fallout has already begun, with Ford Motor Co. shaving $300 million from its financial-services arm’s profit f...
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, ...
It seems like US is not in a good relationship with German automakers since Donald Trump was elected as the new president. He threatened them with a hefty import tax if they plan to sell cars in the United States that were built in other countries, repeating a claim that has shaken the global automotive industry and its biggest players at home and abroad. The new president said that they can build cars anywhere in the world, but for every car that comes to the USA, they will have to pay 35 percent tax. Trump has issued similar warnings, via Twitter, to Ford, GM and Toyota. But ...
2016 was the third straight year Americans bought fewer hybrids, plug-ins, and diesels than the year before. Even so, we have all the signs for the industry to get well in 2017, and show positive sales and new records. Last year, green car sales fell about 11 percent from the previous year, to about 446,000 units. We say "about" because Tesla Motors continues to be cagey when it comes to breaking out how many of its electric vehicles were purchased in the US, while South Korea's Hyundai and its sister company Kia are among those who won't break out hybrid sales at all. 2...
Donald Trump, the new US president threatened to levy a “big limit tax” on Toyota Motor Corp. vehicles build in Mexico. The new elected president also threatened General Motors and Ford Motor Co. who planned on opening new plants in Baja, Mexico. He wants these companies to enlarge their plants here in US. In his tweet, Trump appears to upset Toyota’s skeleton for a $1 billion plant in Guanajuato, Mexico, with a existent bureau in Baja, a western Mexico shred that abuts California. The Baja plant in Tijuana builds a Toyota Tacoma pickup, while a designed Guanajuato...
