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Ford F-Series top vehicle revenue generator

Ford F-Series top vehicle revenue generator

The Ford F-Series topped all U.S. vehicles as the best revenue generator in 2016 with $38.4-billion, since 30 per cent of its sales are very expensive Super Duty models. The three following positions were also pickups with the Chevrolet Silverado ($26.9-billion), the Ram ($23.6-billion), and the GMC Sierra ($11.4-billion). The […]

 
 

NAFTA exit would raise carmakers’ costs

NAFTA exit would raise carmakers’ costs

A U.S. exit from NAFTA or the implementation of a border tax would result in billions of dollars in additional costs for carmakers, according to a study by the Boston Consulting Group. “Vitality in (this) sector hinges on a globally integrated supply chain. By introducing new tariffs, (they) would greatly […]

 
 

Porsche may abandon diesel engines

Porsche may abandon diesel engines

Porsche could ditch its diesel engines by the end of this decade in favour of pure-electric vehicles. “We are looking into this issue. We have not made a decision on it,” said its CEO, Oliver Blume. He estimates that, by 2025, up to a quarter of the brand sales would […]

 
 

Daimler will recall three-million vehicles

Daimler will recall three-million vehicles

Daimler will recall three-million Mercedes vehicles with diesel engines in Europe to improve their emissions performance. The carmaker said it was taking the step to reassure drivers and strengthen confidence in the technology. “The public debate is creating uncertainty, especially for our customers,” mentioned its CEO, Dieter Zetsche. The recall […]

 
 

Mini chooses U.K. plant for EV production

Mini chooses U.K. plant for EV production

BMW’s U.K. factory would currently be the favoured location for building an electric version of the Mini. The brand makes around 70 per cent of its 360,000 cars at the plant in Oxford, England, but BMW has built up an alternative manufacturing base in the Netherlands amid concerns about Britain’s […]

 
 

Technology favours leases over sales

Technology favours leases over sales

Leasing volume has skyrocketed in the U.S. over the past decade, jumping from 1.4-million vehicles in 2009 to 4.3-million vehicles in 2016, and technology could be the main culprit, reports Edmunds. “There’s an undeniably increasing sense that, just like how a computer becomes obsolete relatively quickly, that’s happening with cars […]

 
 

Design-related defects prompt most recalls

Design-related defects prompt most recalls

Sixty per cent of all U.S. recalled vehicles were design-related defects which included advanced technology such as driver-assist systems, according to Neil Steinkamp, a managing director of consulting firm Stout Risius Ross. “We’re going to see an increase in the amount of this content, with technology integration increasingly involved,” he […]

 
 

Subprime car loans have exploded in the U.S.

Subprime car loans have exploded in the U.S.

Subprime car loans have exploded in the U.S., from $2.5-billion in 2009 to $26-billion in 2016. Regulators and consumer advocates have criticized the practice, since it takes advantage of people with nowhere else to turn. For instance, Banco Santander recently vetted incomes on fewer than one out of every 10 […]

 
 

GM’s vehicle inventory hit 10-year high

GM’s vehicle inventory hit 10-year high

General Motors’ vehicle inventory in the U.S. hit a 10-year high in June with a supply at 105 days. In April, the company told investors it expected inventories would decline to a 90-day supply at the end of June, and fall to 70 days by the end of the year. […]

 
 

Europe: All auto sales will be EVs by 2035

Europe: All auto sales will be EVs by 2035

All new cars sold in Europe will be electric by 2035, driven by government support, falling battery costs and economies of scale, predicts Dutch bank ING. However, European carmakers would lose out to their rivals in the U.S. and Asia which already lead on battery production. The bank said that […]