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: SUV
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.
Tesla is missing out on the biggest auto sales boom in US…
Tesla has steadily sold more cars each new year than it did the year before, with an all-time high of nearly 80,000 in 2016. CEO Elon Musk ambitiously expects to be delivering 500,000 vehicles annually in 2018, with a million to come by 2020.
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 has one of the best engines out there – but its days…
And it’s a great time to be an engine lover, with all manner of powertrains now propelling modern cars and trucks. We’ve driven big American V8s, exotic V10s and W12s, lots of turbocharged four-cylinder powerplants, a fair number of twin-turbocharged supercar engines, and of course a wide range of gas-electric hybrids and full-electric vehicles.
The Jaguar F-PACE sets a new standard for beauty in luxury SUVs
Yes, that day has finally come. At the Los Angeles auto show in 2015, Jaguar Land Rover officially unveiled its first-ever sport utility for the US market.
Range Rover Unveils First Addition to Its SUV Line Since 2010
Range Rover is expanding its sport utility vehicle lineup to four models, adding the Velar between its entry-level Evoque and the pricier Range Rover Sport. The all-new Velar will be slightly taller than the squat $41,800 Evoque, and feature a more rounded exterior design than the boxier $65,650 Range Rover Sport, according to drawings released by U.K. manufacturer Land Rover.
Luxury SUVs Just Did Something We’ve Never Seen Before
Ponder this for a minute: In 2016, luxury sedans were outsold by luxury-brand SUVs. SUVs accounted for 55% of luxury-vehicle sales in the U.S. in 2016, according to figures from Edmunds.com.
Tesla Model 3: How Many Will Be Delivered In 2017?
But the big mystery is how Tesla’s Model 3 production ramp-up will look — and thus Model 3 deliveries. While investors may not get a very specific answer, management’s guidance range for total vehicle sales will likely provide some useful insight into Tesla’s outlook for the highly anticipated, lower-cost vehicle.
Ford reveals new aluminum-sided Expedition SUV
This photo provided by Ford Motor Company shows the 2018 Ford Expedition. Ford says the 2018 Ford Expedition is 300 pounds lighter than the previous model thanks to a new aluminum body and a high-strength steel frame.
Detroit Automakers Slip Amid a Slight January Sales Slowdown
Auto industry sales volume slipped 1.9% year over year in January, from 1.16 million light vehicles sold during January 2016 to 1.14 million last month. On the bright side, January’s seasonally adjusted annualized sales rate of 17.57 million outpaced Wall Street’s consensus forecast of 17.3 million, even if it was slightly below last year’s 17.62 million result.
Highlights and Takeaways From General Motors’ January Sales Data
All in all, it wasn’t such a bad start to 2017 after the U.S. auto industry set yet another annual sales record last year. While sales did decline 1.9% in January, compared to the prior year, the industry’s seasonally adjusted annual rate managed to top estimates and reached 17.57 million — just barely under the prior year’s 17.62 million in January 2016.
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 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.
Fiat Chrysler Accused of Diesel Emissions Cheating by U.S.
Fiat Chrysler Automobiles NV was accused of violating pollution laws with 104,000 diesel vehicles, sending the shares plunging on the prospect the automaker may follow Volkswagen AG in facing billions of dollars in fines. The Environmental Protection Agency alleged Fiat Chrysler put software in Jeep Grand Cherokee and Ram 1500 models that allows them to exceed pollution limits.
Fiat Chrysler Halted as EPA Alleges Diesel Emissions Cheat
Fiat Chrysler Automobiles NV shares were halted after plunging the most intraday on record as the U.S. government accused the company of using software that allowed excess diesel emissions in about 104,000 vehicles. The Environmental Protection Agency alleges Fiat Chrysler violated the Clean Air Act by installing and failing to disclose the software in Jeep Grand Cherokee sport utility vehicles and Ram 1500 pickups sold in the U.S., according to a statement.
GM Sees Higher Profit in ’17, Plans $5 Billion Buyback
General Motors Co. predicted profit will rise more than analysts estimate in 2017 after meeting the high end of last year’s targets, enabling the largest U.S. automaker to buy back an additional $5 billion in shares.
Marchionne Suggests Trump Might Support Merger With Rival GM
Sergio Marchionne, chief executive officer of Fiat Chrysler Automobiles NV, suggested that President-elect Donald Trump might support the idea of General Motors Co. merging with his company.
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.
Tesla Motors, Inc. to Announce Vehicle Deliveries Next Week
Ahead of its important Model 3 launch next year, will the automaker meet expectations and potentially strengthen investor confidence in the company’s ability to keep growing? Here’s a look back at Tesla’s recent vehicle deliveries, and a look ahead at what to expect from deliveries during the important holiday quarter. In its third quarter, Tesla reported surprising growth in vehicle deliveries.
Fiat Chrysler to recall 50K SUVs; engines could stall
The recall covers the Dodge Journey and Jeep Compass and Patriot from the 2016 model year. All have 2-liter or 2.4-liter four-cylinder engines.
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.