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BHP Billiton is hot for electric vehicles. The Australian resources giant, which mines metals and coal used for both steelmaking and fueling power plants, is increasingly optimistic that there will be a surge in demand for some of its products as consumers opt for electric vehicles and other renewable energy technologies. Fiona Wild, BHP’s vice president, says that as we see more renewables and EVs, we also will see an impact on copper demand. One million EVs were sold between 2010 and 2015, largely driven by regulatory mandates in important auto markets including the US, Chi...
Despite the increased consumer discounts on so many popular models, U.S. auto sales fell approximately 6%. The seasonally adjusted annualized rate including an estimate of sales by No. 2 U.S. automaker Ford Motor Co showed sales at 17.9 million. General Motors Co October sales fell a less-than-forecast 1.7%. Sales of its smaller pickups and big SUVs surged while sedan sales fell. U.S. vice president of Nissan brand sales for Nissan Motor Co said favorable economic factors point to strong sales in the remainder of 2016. This year is likely to end slightly below last year's record...
General Motors, as well as other automakers, report October U.S. sales, amid concerns about waning demand, a potentially maxed-out auto-loan market and incentives' impacts on profits. However, Ford Motor will not be among them, as the automaker said that it will release results later this week due to a fire at its Dearborn, Michigan, headquarters that knocked out power to data systems. General Motors, meanwhile, was expected to report October sales of 246,512 autos, down 6.3% year over year. U.S. sales for Fiat Chrysler Automobiles are seen falling 10.6% to 178,2...
This October as predicted is another month to set low U.S. car sales. The car sales numbers will fall below the same month a year ago despite a relatively high level of incentives car sales are especially on the decline, as opposed to trucks, a category that includes pickups, SUVs, crossover SUVs and minivans. Based on online shopping, we are expecting total U.S. auto sales, including cars and trucks, to fall about 6% in October. The fact that October 2016 had fewer official “selling days” than October 2015, and sales were especially strong a year ago contributed to a po...
We expect the U.S. car sales numbers to arrive this Tuesday and Nissan Motor. Co is probably gonna be the winner this October, getting the largest market share. Tyhe company's sales may have slipped only 1.5% in October, but if we compare it to General Motors which sales fell approximately 6.9% and Ford Motor with a drop of 11% than these results are pretty great. What actually stays behind thiese good sales results?! It's something we do not discuss in public every day, but something real, the aggressive dealer-incentive program that keeps its sales stronger than ever. Niss...
