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After the Republican presidential front-runner Donald Trump criticized Ford Motor Company's investment strategy, the automaker had to defend itself and its actions. Mark Fields, Ford Motor Co. CEO, declared that being a global, multinational company, Ford will invest to keep competitive and will do what makes sense for the business. Fields told reporters at the New York auto show that the company was boosting investments in the United States. He also said Ford would not back away from foreign investments if they made sense. Trump has been attacking F...
BMW of North America CEO Ludwig Willisch spoke about pressure from automakers to “punch” cars at the end of the month at a recent industry event. In a panel at the National Automobile Dealers Association Wilisch declared that at the end of 2015, there was a lot of pressure to rack up sales numbers.The 2015 sales race was tight until the end, but BMW managed to win its fourth luxury-sales crown in five years. BMW finished 2015 with luxury sales of 346,023 vehicles, followed by Lexus with 344,601 and Mercedes with 343,088. However, Lexus w...
Nearly all U.S. vehicles will be equiped with automatic emergency braking systems by September 2022. Major automakers plan to announce they have agreed on this decision. Adding the technology could prevent thousands of crashes a year. The final agreement on this decision includes automakers representing more than 99 percent of U.S. light vehicle sales. Among those joining the deal are Toyota Motor Corp., General Motors, Ford Motor Co., Fiat Chrysler Automobiles, Honda Motor Co. and Volkswagen AG .Automatic emergency braking includes systems designed to prevent cra...
The French PSA Peugeot Citroen is now turning its attention to international growth, and North America is among the first markets being considered. Citroen sold its last car in the United States in 1974, and Peugeot did so in 1991, now they intend to be back.The company's Back in the Race restructuring program has been successfully completed and the next step they planned is to conquer the U.S.market. Citroen's fledgling upscale DS brand could lead the company's export efforts. The DS brand, launched in 2010 and sold in China and Europe, is to Citroen what ...
Ford Motor Co. and Fiat Chrysler both had their best February for U.S. sales since 2006, Nissan North America posted its highest market share for any month ever, while General Motors is on pace to lose share for a fifth consecutive year. Experts say that the explanation for all these facts is fleet. GM's fleet deliveries dropped 24 percent last month, resulting in a 1.5 percent drop in the company's overall sales. On the other hand, FCA's fleet sales surged 39 percent, Ford's jumped 42 percent, and Nissan's soared 54 percent. GM said it's making a st...