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BMW topped its rival in the US luxury auto market for the first time this year, eking out a monthly sales increase and gaining ground on Daimler AG’s Mercedes-Benz. Deliveries of the X3 and X5 sport utility vehicles climbed 43 percent and 35 percent last month, respectively, pacing BMW’s total sales of 31015 vehicles. The Munich-based automaker outsold Mercedes by about 1900 units in March. As plummeting demand for passenger cars led most automakers to miss analysts’ estimates last month, BMW managed to keep deliveries of its 3 Series and 5 Series models roughly flat compared...
May be we have been living in the auto industry bubble, but it's time to look at things from a fresh perspective amid some worrying rounds of new data. The cars are getting way more expensive in light of the increased horsepower and amenities. Unsurprisingly, this rising level of auto luxury has come alongside a surge in the stock market that has buyers willingly plunking down their credit card or some cold hard cash to get a new toy. The same thing could be applied to non-luxury cars, say mid-size sedans from Ford, Toyota and General Motors. They are receiving hosts of new fea...
The dozen owners of Lamborghini Venenos – an ultra-rare supercar that cost $4 million and up – will be receiving some bad news via registered mail: their Italian dream machines are being recalled. The 12-cylinder, 750-horsepower models that Automobili Lamborghini SpA billed as a “street-legal racing car” are among about 5,900 Aventadors the automaker will recall worldwide over risks that a fuel system fault could lead to fires. Included in the recall are the only three Venenos hardtops sold, which carried a price of about $4 million (3 million euros), plus an...
This may surprise you, but Volkswagen has become the world’s biggest car manufacturer, overtaking Toyota in the number of new vehicles sold in 2016 despite the damage it suffered in the diesel emissions scandal. Toyota had been the biggest seller for the past four years but its 2016 sales total of just under 10.2m vehicles, fell short of the more than 10.3m cars sold by VW. General Motors is reporting its 2016 sales next week, but industry analysts said it had no chance of overtaking VW. GM was third behind VW last year and held the top spot in 2011, when Toyota’s produc...
It didn't took look for Japan to give an answer to the intensifying trade pressure from US President Donald Trump with Prime Minister Shinzo Abe rumored to be meeting the head of Toyota Motor Corp this week and business lobby Keidanren setting up a Trump task force. On February 10 he will visit Washington in order to discuss the issue with the US leader, and we expect them to find a solution towards the trade deal between the countries, and of course the automotive sector. Ahead of those talks, Abe will meet with Toyota Chief Executive Akio Toyoda. One of them said the meeting w...
