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The total value of automotive supplier deals in 2015 and 2016 was $74.4 billion, according to data compiled by Bloomberg, with each of those years far exceeding the $17.7 billion annual average in the previous 10 years. The driving force behind the wave of consolidation is the pressure to keep up with the shift toward autonomous driving that started about five years ago. Suppliers need the know-how to help cars see their environment much as a human pilot would, which means sensors, cameras and radar, plus the computing power to comprehend the waves of data and share some of it, like traff...
There is still much space for the US auto sales to grow. Many car industry leaders have expressed their worries that the six-year expansion is about to lose steam. The analysts believe that the peak has passed, but car makers are still not ready to accept that. The seasonally adjusted, annualized rate of sales, a broad measure of the industry's health, peaked at 18.15 million light vehicles during the current cycle in October 2015. The pent-up demand following 2008-9 downturn has been exhausted, at least that's what economists think. Because of that they have predicted an anticipa...
It seems like the energy independence is getting stronger in the US car market. The leading company that has brought this modernization into the country is Tesla Motors. There are of course and other companies which had positive impact on the hybrid-cars sales like Chevrolet. This July can be called a memorable month for green cars thanks to the 48% surge, mostly on Tesla vehicles, but we need to not forget also about Chevy Volt, BMW i3, Ford Fusion Energi and Chevy Spark EV. Other EV models have also felt a powerful sales growth, but even so their volumes are smaller than the ...
Toyota Motor corp. revealed that its car sales have suffered a powerful delay this month, by falling down to 15%. Its net income in the last three months has dropped to 552.47 yen. Though the yen has straightened about 11% against the dollar compared to the last year, and because of that the company has lost in exports, by becoming less competitive and cutting the value of repatriated earnings. Toyota's managing officer said that the things are changing every day, by these words he meant the big foreign exchange rate swings. The company has lost an output of about 80,000 cars du...
AutoNation Chief Executive Mike Jackson confirmed that demand for cars and trucks are slowing in the U.S. He also added that the operator of auto dealerships around the country is aiming to cut excessive inventory of unsold vehicles. Mike Jackson said that the market for cars and trucks in the U.S. is forcing dealers and automakers to come up with a new strategy for their business. It's difficult to accept the current situation after enjoying years of good growth. Jackson considers that the major problem is that the automakers overproduce their vehicles, offer deep discounts an...
