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Last year the U.S. auto sales set an all-time record for the first time in 15 years. The slow but steady economic recovery, low interest rates and depressed gas prices managed to make the 2015 economic environment a carmaker's dream. Unfortunately, this dream may morph into a full-fledged nightmare in just a few short years at least for members of the industry establishment like Ford Motor Co. (ticker: F), General Motors Co. (GM), Honda Motor Co. (HMC) and Toyota Motor Corp. (TM) If we take a look at the U.S. vehicle sales in 2016 thus far, we'd see no particular reason to p...
The 2017 Fiat 124 Spider is stylish, fun to drive and priced well under $30,000 for all but the top version. It's easily the best car in Fiat's four-vehicle U.S. lineup and a worthy successor to the storied original Fiat 124 Spider that debuted in November 1966. But the reincarnation of that iconic Italian sports car is built in Japan by Mazda. The two-seat convertible coupe -- powered by a turbocharged inline-four -- shares a platform with Mazda's MX-5 Miata, and the cars are built in the same plant. But the 124 Spider has a Fiat engine and transmission that together pro...
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...
July's green-car sales results, while still somewhat tepid, were enough to make auto-industry watchers downright patriotic, as increased demand for Ford and General Motors' hybrids and plug-in vehicles partially salvaged what was still a tough month. In fact, take out the impact of Volkswagen's continued stop-sale on diesel vehicles (of which more than 8,000 were sold in July 2015), and green-car sales were about dead-even with year-earlier figures. As it was, US green-car sales fell 17 percent to about 40,500 units. As for plug-in vehicles, demand spiked 20 percent from a year ear...
Mercedes is more than 11,000 sales ahead of its two main rivals this year through July. The demand for its SUVs has helped the brand pull away. BMW, which has been the annual leader during the past two years, has been hamstrung by its greater reliance on cars, while Lexus has made gains in SUVs but has seen its car sales tumble. Mercedes reported record July sales of 28,523 vehicles, increasing 3.6% from the 27,526 vehicles sold during the same month last year. Mercedes-Benz Vans also reported best-ever July sales with 3,272 units, and smart reported 493 units, up 11.8%, bringing MB...
