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Honda Motor expects its global sales to remain strong thanks to brisk sales in the U.S. and China. Japanese automaker expects its group operating profit to jump 19% to 600 billion yen ($5.58 billion) for the fiscal year ending March 2017.Through the previous year Honda had important expenses because of the recalls of vehicles with defective Takata air bags, including recalls demanded in May by U.S. authorities. Therefore, the matter will have no impact on earnings in the current fiscal year, as quality-related expenses are to decrease considerably. ...
German cars are always on the top of world sales. However U.S. sales of BMW brand vehicles decreased 6.4 percent in May for a total of 29,017 compared to 31,003 vehicles sold in May, 2015. President and CEO, BMW of North America, Ludwig Willisch, said the shorter number of selling days in May no doubt affected the month totals, but he also mentioned the ongoing transition to X models among the possible solutions. The BMW X1 grows more popular each month with its siblings X3 and X6 giving it strong support. The X5 was limited only by availability but that will continue impr...
While Mercedes-Benz sales in the U.S. dropped in May, demand on the German brand's cars in Europe and China grew considerably and helped to offset the general loss.The automaker's sales results in Europe and in China were also helped by robust deliveries of SUVs and compact models, which rose 16 percent and 42 percent respectively. Five-month registrations at the brand were up 12 percent to 818,175. While Mercedes' U.S. volume slipped 1 percent to 29,299, in Europe, Mercedes brand sales grew 13 percent to 74,268, helped by a 4.9 percent rise to 23,343 in G...
It's time to forget about those high cost of meeting new fuel economy standards and massive investments needed for autonomous vehicles, the biggest problem in the profitability of the automakers might be the buyers and their impatience.Less than 5% of new vehicles in U.S. in 2015 were built to customer order, which is so much lower than in Europe were about 50% of the vehicles were produced on customer orders. Did you know that for U.S. dealers it means thousands of dollars in extra floorplan expenses while for automakers it's a huge advertising and incentive costs for each unsold vehi...
After severe flooding that hit the southwestern Germany, production at Audi's factory in Neckarsulm was halted. The concerned plant builds the A4, A5, A6, A7 and A8 models, as well as the R8 sports car and Audi's performance RS models.Parts of the Audi factory were flooded following heavy rain on Sunday night and early Monday morning. The inundation is so strong in the southwestern German state of Baden-Wuerttemberg, where Neckarsulm is located, that four people died in the floods and storms. Audi said production was due to resume on the late shift on Monday. An Aud...
