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A train carrying BMW's X-badged SUVs and crossovers from BMW's manufacturing plant in the American state of South Carolina has derailed damaging 120 vehicles. These vehicles were on their way to the Port of Charleston, S.C., for export to overseas markets. BMW said damaged models include the BMW X3, X4, X5 and X6 but did not specify how many of each model was damaged. The vehicles were heading to Charleston from BMW’s plant near Spartanburg, S.C., which exports about 70 percent of all X models manufactured at the plant. BMW personnel are traveling to the scene and will...
Nissan is very proud this September, since its Micra model was the most exported car from India, followed by Ford's Ecosport and General Motor's Beat. For the last few years, the Japanese automajor companies Nissan and Ford of US have been on the top slots. Month-over-month, one of the two companies will be number one and two. 7,412 units of Micra were exported in September. Ford's EcoSport sold 6,837 units while General Motors' Beat sold 6,643 units. Micra was launched by Nissan in 2010 and it was one of the successful products for the company both in domestic and ...
Toyota Motor corp. revealed that its car sales have suffered a powerful delay this month, by falling down to 15%. Its net income in the last three months has dropped to 552.47 yen. Though the yen has straightened about 11% against the dollar compared to the last year, and because of that the company has lost in exports, by becoming less competitive and cutting the value of repatriated earnings. Toyota's managing officer said that the things are changing every day, by these words he meant the big foreign exchange rate swings. The company has lost an output of about 80,000 cars du...
That might be sad for our country but in the last years many American car makers have moved to Mexico. Being protected by NAFTA agreement has offered to the brands many new priorities, and that is the main reason why they have invested for the last decade more than $26 billion were invested in Mexico, which made it the fourth biggest car exporter in the world. Even considering all of the priorities the things haven't gone better that is obvious because according to the umbrella organization, production has gone down more than 3% this year, while sales have dropped overseas by al...
After UK announced its decision of leaving European Union a huge scandal in auto industry has started. First of all you should know that the auto industry was affected a lot, stock prices across the world have taken a huge hit following Brexit. Have you wondered how do investors feel like now? Their confidence has dropped across many sectors, of course auto industry is one of them. Considering the country is one of the largest manufacturing hubs in Europe, it now has to make a decision upon the way it will move on from this exit. The most important question here is will Europe and U...
