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Renault-Nissan Alliance came just short of matching General Motors and joining the ranks of the three biggest automakers by global sales, after CEO Carlos Ghosn rescued a Japanese peer last year. Nissan Motor Co., Renault SA and Mitsubishi Motors Corp. combined delivered 9.96 million vehicles last year. The three automakers chaired by Ghosn finished fewer than 4,000 cars and trucks short of GM’s deliveries in 2016 and within about 350,000 units of new worldwide leader Volkswagen AG. Ghosn emphasized the scale Renault and Nissan would add by coming to the aid of Japanese peer Mitsubishi M...
Analysts were expecting China to sell more than 60,000 green cars and hybrids but the truth is that only 44,874 new electric cars were sold by December. But let's be honest, even with these results they outsold more plug-in vehicles than US or Europe did. Overall China car sales share rose to a record of 1.45% above the USA (0.8%) and Europe (1.4%). Despite the “disappointing” plateauing in December, which is a bit like what happens when you expect that Usain Bolt will break the 0–100 meter world record every time he goes on the track, looking at the big pictur...
Detroit automakers are pushing new investment in U.S. production of trucks, crossovers and SUVs to tap into the higher profit margins these vehicles yield. They make an awful lot of money. Automakers spend about the same amount to make a vehicle, whether it’s a crossover or truck or sedan. Yet a full-size pickup truck has an average transaction price of almost $40,000. A large SUV has a transaction price of $58,000 and even a mid-size crossover moves off the dealership at nearly $35,000. But the average transaction price of a compact sedan is less than $19,000 and a mid-size ...
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 ...
The F-series, best known for the popular F-150, has been America’s best-selling truck for the 40 consecutive years since its launch. Ford says it’s sold more than 26 million since the model line came out in 1977. The F-series has also been the best-selling vehicle of any kind in America for 35 years, the company said. Ford has sold 818,580 of the trucks in the years since it launched the F-series. It started with the F-100 as a base truck back in 1977, and replaced it with the F-150 in 1984. The evolution of the F-series followed changes in how people perceived and used ...
