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Despite the ongoing emissions scandal and slumping U.S. sales, Volkswagen Group overtakes Toyota as the largest automaker in 2016's first half. Its sales volume raised 1,5% from the year-earlier period to 5,11 million vehicles. Of course, the scandal involving Volkswagen's diesel models has had a significant impact on sales, but the automaker's Audi luxury brand and mass-media market Skoda brand did well. This was due to the fact that consumers in Europe were less aware of emissions problems with those two brands. China, being the world's largest automobile market, ...
We are all waiting for the July car sales report to be revealed at the beginning of August, it is expected to set the stage for a robust second half of the year in dealer showrooms, according to our monthly forecast. We consider that it will be the best July for the last 11 years. The sales for this month will reflect a 0.7% increase from June 2016 and a 0.8% increase from July 2015, it means it will result in an estimated seasonally adjusted annual rate of 17.8 million. July sales suggest that 2016 is gonna be a great month for car sales just like last year's record-setting sal...
All of the recent calm in global markets owes a lot to the U.S. consumer, with rising retail sales which helped on becoming the world's largest economy in June. Even so, we've got a very weak spot now and speaking about that we mean- slowing car sales, it's unclear now which market segment will pick up the slack. The U.S. consumption revelations show that car industry is at its peak now, which means it's in trouble. As you can see on the charts from the pictures, U.S. retail sales represent 20% of overall spending, after groceries at 13%. Demand ...
Amnon Shashua the Co-founder and CTO of Mobileye, announced that they would end their relationship with Tesla Motors at the end of the current EyeQ3's lifecycle.Mobileye will continue to provide technical support of its EyeQ3 processor for the California-based electric-vehicle maker, but won't develop more Autopilot-related products.Instead, Mobileye will direct more of its resources towards its partnership with BMW and Intel on further developing autonomous-driving features.Shashua didn't quite spell out the reasons for ending the relationship, but the strong hint was that Mobiley...
We guess that there is no person who has not heard about the VW diesel-emissions scandal. The company, which owns 70 percent of the U.S. passenger-car diesel market, is in major trouble for cheating on diesel-emissions tests. However, this scandal did not prevent the company to take the leading position in its sales for the first half of the year. The analyzed figures show that Volkswagen Group sold over 5 million cars and light trucks worldwide and more than any other automaker in the first half of 2016. According to the Center for Automotive Management, the carmaker sold up 0.8 p...
