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BMW vehicles which have an electric motor and battery are now approximately 1 out of every 16 BMW USA passenger car sales (6.4% of such sales). The sales include BMW i3, BMW i8 and BMW 330e models. The BMW X5 xDrive 40e was not included in this calculation since it falls under BMW’s light trucks category — it accounts for 4.3% of that category’s sales. Overall, that means plug-in cars accounted for 5.55% of all BMW brand sales in the US in November. BMW, Nissan, and GM are often identified as the Big Auto companies most focused on advancing electric cars in th...
Volkswagen Group led automotive spending on Advertising Age’s 2016 list of the top 100 advertisement spenders worldwide. Fifteen automakers and tire maker Bridgestone Corp. constituted the automotive category on the World’s Largest Advertisers list. Seven of those automakers made the top 25, Advertising Age. VW ranked No. 4 on the biggest-spenders list, with its ad spending in 2015 totaling $6.6 billion. General Motors was next for automakers, taking sixth place on the list. It spent $5.1 billion in 2015. Daimler AG ranked No. 7 and spent $5 billion. Ford Motor Co. took...
It's time to congratulate Ford Motor Co, since it's taking a much different approach to fleet sales than rival General Motors. While GM plans to slash sales to daily rental companies by 75,000 units this year and has plans for more cuts in 2017, the Blue Oval has held steady. Ford's president of the Americas, Joe Hinrichs says the the automaker doesn't see an adjustment necessary in the daily rental. Through November, Ford's daily rental sales are at the same level they were a year ago: 11 percent of its total sales. Year to date, Ford's total fleet sales are...
We all know how the auto industry has changed under Obama's administration, new regulations and policies intended yo increase fuel economy, improve safety and add jobs. Now that Donald Trump was elected as the new president the car industry is gonna face a wholesale makeover. Perhaps no industry could be affected in more ways by the new administration than the auto business. The changes under the Trump administration could include possible tariffs that will raise prices on imported vehicles and parts, fewer subsidies for electric cars and policies that discourage automakers from...
To clear out bulging inventories of unsold cars and dispel investor doubts about consumer demand, automakers in the United States are ramping up holiday sales promotions ahead of Black Friday. Detroit automakers need a strong year-end sales push. They are sitting on hefty inventories of unsold sedans, compact cars and sports cars as consumers shift to pickup trucks and SUVs. The share prices of General Motors, Ford Motor, and Fiat Chrysler Automobiles NV are flat to down for the year. This reflects investor concerns that a six-year auto sales boom in the United States is reaching an end and th...
