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Tighter emissions rules in China and Europe put the global automakers and some consumers in tough situations, with an only choice they'll have to face, we are talking about embracing plug-in vehicles. The electrification of cars is a trend now, the electric car sales expanded by 50% in just 5 years. In Europe, green cars benefit increasingly from subsidies, tax breaks and other perks, while combustion engines face mounting penalties including driving and parking restrictions. China, struggling with catastrophic pollution levels in major cities, is aggressively pushing plug-in ve...
Toyota Motor Corp. plans to invest $10 billion in the U.S. over the next five years, the same as in the previous five years. This will be made in order to meet demand and upgrade plants to build more fuel-efficient models. The Japanese automaker has come under fire by President-elect Donald Trump for its plans, announced in 2015, to shift production of its Corolla to Mexico from Canada. The decision was not in response to Trump's remarks made in a recent tweet, but was part of Toyota's business strategy to invest in the U.S., where it has 10 plants in eight states. Planning ...
U.S. sales of new cars and trucks hit a record high in 2016, automakers said on Wednesday, and investors bid up shares in the sector as strong consumer confidence and relatively low fuel prices bolstered the industry's outlook. December sales rose 3 percent, and on a seasonally adjusted annualized basis were 18.43 million vehicles. The results prompted executives from the three biggest sellers in the U.S. market, GM, Ford, and Toyota Motor Corp, (7203.T), to predict that this year's sales will be near 2016's record levels. U.S. consumer confidence reached levels not see...
Plastics have seen increased opportunities to get onto North American-made cars and trucks as automakers work to improve their fleets’ fuel economy. But the real growth lies ahead, when the need to reduce mass from today’s cars climbs to 15 percent and higher. In a new study, the Center for Automotive Research in Ann Arbor surveyed exactly what went into 44 different 2015 model year cars, then asked what materials carmakers would turn to if they need to cut 5 percent, 10 percent and finally 15 percent of the weight out of key parts. Jay Baron, CEO of the research group,...
Compact SUVs this year were able to outsold the sedans in US, which might be a big step for them, but for sedans it means they are not popular anymore, and the sedans sales decreased a lot. In 2015, for the first time ever, compact SUVs outsold sedans in the U.S. Consumers continued to ditch sedans for SUVs this year. For example, while still the best-selling sedan in the U.S., sales of the Toyota Camry dropped ten percent in 2016. Sales of other formerly popular sedans plummeted even further. Gas prices remain low, and SUVs are a lot more fuel efficient than they used to be. &...
