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Audi of America reported an August sales increase of 2.8 percent to 19,811 deliveries. The Q7 and the new Q5 and A5 Sportback helped drive consumer demand. August was the 80th consecutive record sales month for Audi of America. The previous August record was set last year with 19,264 deliveries. Through August, Audi has now sold 141,606 vehicles in the U.S. this year. Deliveries of the new Q5 rose to 4,767 and have now risen 11 percent for the year. Q7 sales rose 35 percent over last August to 3,174 and have risen 20 percent year-to-date. Through August, Audi SUV sales have risen 12...
Aston Martin aims to boost its market share in the U.S. and Japan to mitigate against any risks from Brexit which could add costs and delays to sales to the European Union. Around 20 percent of the brand's top-end cars are currently exported to the United States whilst 15 percent are sold to the European Union, with whom unfettered tariff-free trade is at risk depending on the outcome of Brexit talks. Aston Martin CEO Andy Palmer said the carmaker has ploughed resources into boosting demand in the world's biggest economy since the June 23 Brexit vote last year.&nbs...
Some credible sources have told us that The Escape plug-in hybrid, Ford Expedition hybrid and Lincoln Navigator hybrid are scheduled for release in 2019. Ford will have a lot of hybrids on the market in just one year, so we’ve been wondering if this means that the automaker will mainly focus on hybrids. Do you also remember that in January, the automaker identified seven of the other models, including hybrid versions of the Mustang and F-150 to be available by 2020? Ford is investing $4.5 billion to develop these 13 vehicles. Adding hybrid versions of Ford's biggest SUVs m...
U.S. made a proposal to South Korea to revise the five-year-old trade deal, but the country rejected it. The U.S. asked for resolution of its trade imbalance, full implementation of the existing FTA, and modification and amendment of the current deal. The officials spoke amid joint meetings in the South Korean capital after Lighthizer last month gave notice that the U.S. wants to amend the deal. No date was set for a future meeting on the issue, discussions will continue in coming weeks. The agreement could be terminated if either nation said it wanted to do so. That process would t...
After we’ve found out that almost each automaker has revealed sale decrease for July 2017, we had been thinking that probably specialists were right calling the car industry doomed, but now that w know that Subaru Corp.’ sales climbed 18%, we’re not so sure anymore Operating income climbed 18 percent for the company’s fiscal first quarter ended June 30. Net income increased 4.4 percent to 82.33 billion yen ($732.9 million) in the period. Revenue advanced 11 percent to 854.77 billion yen ($8.90 billion) in the April-June period, driven by an 11 percent in...
