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  • 55% of Global New Car Sales Will Be Electric Vehicles
    31 May 2018

    A new report says that electric car sales are expected to massively increase in the next years, reaching 55 percent of global new car sales by 2040, replacing 7 percent of gas and diesel consumption.  Sales of electric cars have just managed to top 1.1 million per year, but the report from Bloomberg New Energy Finance suggests that they are set to grow to 11 million in 2025 and topping 60 million vehicles, which will be about 55 percent of the new car market, by 2014. The prediction is that electric vehicles will replace 33 percent of the total global car fleet by then. Helping to le...

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  • China Is Opening Its Car Market, But Not Enough
    24 May 2018

    When President Xi Jinping announced measures to further open up China’s auto industry to foreign automakers, the global industry initially cheered. Now the cheering has stopped. As details are emerging, foreign auto executives said that this initiative was too narrow and vague to change business on the ground.  Central to Mr. Xi’s plan is that it will allow foreign automakers to own Chinese factories, instead of working through a 50-50 Chinese partner, as is currently required. But it turns out that auto executives were comfortable with the current system. Ford’s vi...

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  • Volvo Will Dump Diesel Starting With Next S60 Sedan
    18 May 2018

    Volvo will not offer a diesel in its new S60 sedan, which will be released this spring. The new S60 will be available with a range of four-cylinder gasoline engines as well as two versions of its gasoline-electric plug-in hybrid powertrain.  This move comes as Volvo accelerates its shift toward electrified powertrains and away from diesels, which accounted for almost 80 percent of its sales in Europe last year. Diesel sales have taken a hit in Europe because of potential bans on older, more polluting cars with the powertrain and the high cost of improvements to ensure that new d...

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  • Toyota's profit increased 43%
    09 May 2018

    The profit of the Japanese automaker- Toyota has increased 43% in the latest quarter as cost-cutting, lower selling outlays and falling warranty expenses offset unfavorable foreign exchange rates and helped the automaker to have a record full-year net income.Operating profit rose to 629.6 billion yen ($5.93 billion) in the carmaker’s fiscal fourth quarter ended March 31, while net income advanced 21 percent to 480.8 billion yen ($4.53 billion). Revenue rose 1.9 percent to 7.58 trillion yen ($71.36 billion). Global retail sales increased 2.2 percent to 2.6 million vehicles in the January-...

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  • Nissan will gradually withdraw from diesel car market in Europe
    07 May 2018

    Japanese car manufacturer Nissan will gradually lower the number of diesel cars that it sells in Europe reducing it to zero. This is a further sign of the weakening demand for this type of cars as customers worry about tax rises, bans, and restrictions related to diesel in many countries.  A spokeswoman from Nissan said that there would be a gradual withdrawal of diesel vehicles in Europe. A source last month had said that Nissan would cut hundreds of jobs at its Sunderland plant, which is Britain’s biggest car factory. The car making industry is facing a global regulatory crac...

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