BMW AG reported its weakest profitability since 2010, capping a negative year for Chief Executive Officer Harald Krueger after the luxury-car marque lost its crown to arch-rival Mercedes-Benz. Amid higher spending on battery-powered and autonomous-driving technologies, BMW’s automotive profit margin narrowed to 8.9 percent in 2016 from 9.2 percent a year earlier, according to a statement on Thursday.
Category: Hybrid
Mitsubishi Seeks to Strengthen SUV Credentials With New Model
Mitsubishi Motors Corp. will unveil a sport utility vehicle that will debut in Europe, its first new model since joining the Renault-Nissan alliance, as Chairman Carlos Ghosn strengthens the Japanese company’s credentials as an SUV brand. The Eclipse Cross compact SUV coupe to be revealed at the Geneva auto show on Tuesday will be shipped to its second-biggest market in the last quarter and subsequently roll out in Japan, North America and other regions, Mitsubishi said in a statement.
Here are the 10 best cars of 2017
This week, Consumer Reports released its latest list of the top cars on sale in the US. The venerable consumer publication picked out 10 cars – all representing different segments of the auto market – for its Top Picks list.
Here are the 10 best cars of 2017
This week, Consumer Reports released its latest list of the top cars on sale in the US. The venerable consumer publication picked out 10 cars – all representing different segments of the auto market – for its Top Picks list.
This Volkswagen Atlas concept SUV is built for weekends
In the United States, Volkswagen has a major problem that goes beyond its emissions-cheating scandal. As Business Insider’s Ben Zhang has noted, VW is struggling to sell to Americans.
This Volkswagen Atlas concept SUV is built for weekends
In the United States, Volkswagen has a major problem that goes beyond its emissions-cheating scandal. As Business Insider’s Ben Zhang has noted, VW is struggling to sell to Americans.
This Volkswagen Atlas concept SUV is built for weekends
In the United States, Volkswagen has a major problem that goes beyond its emissions-cheating scandal. As Business Insider’s Ben Zhang has noted, VW is struggling to sell to Americans.
Nissan recalls Altima; door may open if window rolled down
The company is recalling nearly 363,000 of the midsize cars worldwide from the 2015 through 2017 model years because the doors might open if a rear window is lowered. Documents posted Friday by the National Highway Traffic Safety Administration show that the latch and lock cable in the doors may not have been routed properly at the factory.
Bromance Between Bill Ford and Trump Hits Snag Over Immigration
It had been a rough start, with Trump blasting Ford Motor Co. for building cars in Mexico.
Toyota Paces U.S. Sales Decline as Carmakers Boost Discounts
Toyota Motor Corp. led major carmakers reporting lower U.S. sales in January, even as an industry trying for another record year piled on discounts to keep showrooms busy. Deliveries fell about 11 percent for both Toyota and Fiat Chrysler Automobiles NV.
The Toyota Camry is Getting a Facelift.
CEO Akio Toyoda unveiled the company’s plans to soup up the Camry. Listen to this segment from Industry Focus: Industrials to hear what will change with the midsize sedan and why Toyota seems to be focusing so much effort on this model.
Volkswagen surpasses Toyota in 2016 sales
Toyota has relinquished the title of the world’s biggest automaker, reporting Monday that it sold 10.175 million vehicles worldwide in 2016, fewer than Volkswagen’s 10.31 million. Toyota has relinquished the title of the world’s biggest automaker, reporting Monday that it sold 10.175 million vehicles worldwide in 2016, fewer than Volkswagen’s 10.31 million.
Toyota Loses Top Global Automaker Crown Amid Trump Pressures on Trade
Toyota Motor has lost its position as the top global seller of cars to rival Volkswagen , but such figures may now be the least of its worries for Japan’s biggest company as it mulls whether to appease or defy U.S. President Donald Trump’s protectionist trade policy. The maker of the Prius and Corolla models said Monday its global vehicle sales rose 0.2% year on year to 10.175 million units.
GM’s Chevy Bolt Hopes to Break Through to More Than Just a Niche Audience
With 238 miles of range and price incentivized by federal tax credit, GM;s Chevy Bolt is the best electric vehicle of its class so far. Irony of ironies: Just as General Motors begins selling arguably the best battery-powered car ever, the new U.S. president’s administration prepares to relax environmental regulation and possibly withdraw the U.S. from the global climate coalition.
Uber’s Ford Fusions, to be used for mapping, are cleared to go on the road in San Francisco.
They’re back. Five Ford Fusions bristling with rooftop equipment and labeled “Uber Advanced Technologies Center” will hit San Francisco streets starting Wednesday morning, but they will not be functioning as self-driving cars.
Detroit Wants Something From Trump in Exchange for Those Tweets
The way Bill Ford tells it, you’d think he and Donald Trump are like two old buddies chitchatting all the time about cars, economics and taxes. “When needed, I can always get to him or he calls me,” Ford, the chairman of Ford Motor Co., said in an interview Monday at the North American International Auto Show in Detroit.
Detroit auto show: Google, Camry and the shadow of Trump
Detroit Mayor Mike Duggan, center, and North American International Auto Show Chairman Sam Slaughter, right, are given a tour of the Mopar area from Ron Stallworth, left, of Fiat Chrysler Automobiles, Friday, Jan. 6, 2017, in Detroit. The show opens to the media on Monday, Jan. 9 and to the public on Jan. 14. less Detroit Mayor Mike Duggan, center, and North American International Auto Show Chairman Sam Slaughter, right, are given a tour of the Mopar area from Ron Stallworth, left, of Fiat Chrysler Automobiles, Friday, … more The Ford display is seen at the 2017 North American International Auto show, Friday, Jan. 6, 2017, in Detroit.
Automakers’ December Deals Push 2016 to a Record Seventh Gain
Automakers bought themselves a holiday present in 2016 to achieve a record seventh straight annual sales gain — at a steep cost. Aggressive dealmaking in December ultimately pushed the year’s total sales to a record 17.55 million cars and light trucks — a feat considered unlikely just six months earlier.
Automakers’ December Deals Push 2016 Toward Record Seventh Gain
Automakers bought themselves a holiday present and pushed 2016 toward a record seventh straight annual sales gain — at a steep cost. Aggressive dealmaking over the past two months probably helped the year end with a higher vehicle sales tally, something many analysts considered elusive just six months earlier.
Here’s why VW’s new Atlas SUV will work wonders for its US…
With three-rows of seats and room for seven, the Atlas is expected to be a savior for VW’s struggling US business. Through November, the Volkswagen brand has managed to move just 286,000 cars – down 10% over last year while representing a minuscule 1.8% share of the US auto market.
Toyota Hybrid Bet Pays Off as Dieselgate Spurs Europe Demand
For years, Toyota Motor Corp. focused on pushing its hybrid models in Europe, avoiding a diesel-for-diesel competition with market leaders including Volkswagen AG. The Japanese carmaker’s strategy is finally paying off.
VW Agrees to $1 Billion Settlement in Cheating-Scandal Recovery
Volkswagen AG took an important step in digging out from its emissions-cheating scandal by reaching a $1 billion agreement to settle lawsuits over tainted 3.0-liter diesel engines. The preliminary accord calls for the German automaker to fix or buy back 83,000 Audi, VW and Porsche vehicles equipped with a so-called defeat device.
VW Reaches Deal for Emissions-Cheating Audi, Porsche Models
Volkswagen AG reached what was called a $1 billion agreement with U.S. car owners and regulators to fix or buy back about 83,000 Audi, VW and Porsche vehicles with emissions-cheating 3.0-liter diesel engines. The accord covering some 2009 to 2016 luxury models resolves another significant piece of Volkswagen’s emissions-cheating scandal.
GM, Fiat Chrysler Idling 7 Plants Next Month as Sales Slow
General Motors Co. will idle some production at five U.S. passenger-car plants in January while Fiat Chrysler Automobiles NV halts output for New Year’s week at two Canadian vehicle factories.