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BMW held on in December to top the U.S. luxury segment in 2015 for its fourth luxury-sales crown in five years.BMW won the U.S. luxury-auto sales crown even with a 17 percent drop in December deliveries, ahead of Lexus and Mercedes-Benz.BMW finished 2015 with luxury sales of 346,023 vehicles, followed by Lexus with 344,601 and Mercedes with 343,088. All three brands set annual sales records last year.The results exclude BMW’s MINI models and Daimler’s work trucks and Smart cars, which aren’t luxury vehicles.The German automakers have held the top spot in U.S. luxury sales sin...
Italian transport design studio Pininfarina, which specializes in creating sports cars for brands like Ferrari, Alfa Romeo, Peugeot, Maserati, and Rolls Royce has been acquired by Indian Mahindra.Mahindra, a massive conglomerate based in India, will pay around $28 million for 76-percent of the Italian design house, and plans to make offers for the remaining 24 percent. Those tracking the deal were surprised that the acquisition is being made through Tech Mahindra, rather than parent Mahindra & Mahindra, which makes SUVs, tractors and other vehicles. But we know that the Cambiano, Italy-bas...
FORD COMPANY HELPS EASE TRAFFIC JAMSFord will start offering a new ride-sharing shuttle service for employees in Dearborn starting Tuesday in a move that could lead to a new business for an automaker trying to re-invent itself more broadly as a mobility company.Ford introduced the Ford Smart Mobility Plan that has 25 projects, which incorporate ride-sharing, data and alternative modes of connectivity, transportation and autonomous driving in an attempt to find ways that are better for people to share our roads in the years to come.The team of social scientists has already spent several months ...
Audi has announced it is still committed to hit the 2-million annual sales objective by the year 2020.This is a rather bold target, despite the ongoing Volkswagen diesel emissions scandal which has affected over 2 million Audi models. The premium automaker managed to sell 1.74 million vehicles worldwide last year and in the first 10 months of 2015, shifted to a total of 1.5 million cars.Audi has a few new models that will likely sell in crazy numbers. The first will be the Q2 entry-level crossover set to go on sale in the second half of next year, following a world premiere in Geneva...
Audi is one of the favored car in China, it is very popular among female consumers that now make up about a third of the automaker's buyers in the market. “Audi drivers are the progressive, white-collar workers and it’s an image I identify with,” said the 32-year-old furniture designer, who’s deciding between an A4L sedan or the Q5 SUV. “I work hard and want to make sure my money is well spent.”Audi slows the growth in luxury sales in China, carmakers have to spread their bets and appeal to as many demographic groups as possible. Audi’s sales ...
