Audi is making room in its electric future for more than SUVs or crossovers. After a string of teasers, the German automaker finally unveiled the Audi e-tron GT concept, a four-door all-electric coupe that has some Porsche DNA sprinkled in and that looks a lot like the A7. Audi introduced the concept Wednesday during the… Continue reading Audi’s e-tron GT concept is an all-electric sedan with some Porsche DNA
Tag: VW
BMW executive says China tariffs haven’t hurt US-made SUV sales one bit
Luke Sharett | Bloomberg | Getty Images
A worker applies final touches on a Bayerische Motoren Werke AG (BMW) sports utility vehicle (SUV) on an assembly line at the BMW Manufacturing Co. plant in Greer, South Carolina, U.S. on Thursday, May 10, 2018.
China's import taxes on U.S.-made cars have not hurt demand for BMW's X line of sport utility vehicles that are made in South Carolina, a top executive said Wednesday.
The ongoing trade war between Beijing and Washington hasn't dampened the appetite for German luxury family cars among China's well-heeled, according to the carmaker.
“We have not seen one single unit drop since the tariffs have been introduced,” said BMW North America President and CEO Bernhard Kuhnt. BMW's Spartanburg plant is its largest in the world, and it primarily makes SUVs, which are becoming ever more popular with customers in many markets around the world.
The German automaker cut its annual guidance in September, attributing it in part to rising international trade tensions.
Its sales in China showed no signs of slowing, rising 12 percent in October over the same month last year and 6 percent year to date.
China is a massive market for luxury cars, said Michael Dunne, CEO of ZoZoGo, a firm that advises automakers on doing business in China. BMW, Mercedes, and Audi sell twice as many cars in the country as they do in the United States.
Extensive engine range for new Audi Q3
Audi is extending its engine range for the Audi Q3 to include a 2.0 TFSI in two output ratings and two other versions of the 2.0 TDI. As such, buyers can now choose from seven engine/transmission variants for the compact family SUV. The quattro permanent all-wheel drive provides additional traction, stability and dynamic handling. The… Continue reading Extensive engine range for new Audi Q3
Works meeting in Wolfsburg: praise for team’s achievements and look ahead to electric strategy
Kilian: Wolfsburg’s course for the future is set Osterloh: Wolfsburg is enabling the transformation Realignment of the Volkswagen brand is speeding up At today’s works meeting held at the Wolfsburg plant, Board Member for Human Resources Gunnar Kilian and Works Council Chairman Bernd Osterloh commended the achievements of plant employees as well as the entire… Continue reading Works meeting in Wolfsburg: praise for team’s achievements and look ahead to electric strategy
“Open Source Lab” sets course for the mobility of the future
Yesterday, the “Open Source Lab for Sustainable Mobility” has started dialogue as a platform for sustainable mobility in Berlin. It is funded by the Volkswagen Group Sustainability Council, is independent in its research agenda and is obliged to publish all research results and other results. “Our idea on the Sustainability Council was to create an… Continue reading “Open Source Lab” sets course for the mobility of the future
Top Automotive Industry News for Week of November 5 – November 11, 2018
Here is the most important news associated with the automotive industry
identified by the AEA for the week of November 5, 2018 -November 11, 2018.
We hope it helps you stay up to speed on the key developments in our
industry:
-Automotive Manufacturing News-
First ex-UAW official sentenced in FCA-related scandal; gets 1 year
(Detroit Free Press)
Ford plans construction on Michigan Central Depot by year's end
(Detroit Free Press)
Former Tesla employee charged with embezzling $9.3 million from Elon
Musk's company
(MarketWatch)
Is Toyota Next to Pare Back its Passenger Car Line?
(The Detroit Bureau)
Tesla picks an insider to be chairwoman, fueling doubt Elon Musk will
be reined in
(LA Times)
The gas engine still has a long life to live, Aston Martin CEO says
(CNBC)
VW planning $21K EV to challenge Tesla
(The Detroit News)
VW takes another shot at compact pickup market
(The Detroit News)
White House, California to discuss vehicle emissions rules next week
(autoblog)
Why GM is moving 3,000 workers from Pontiac to Warren
(Detroit Free Press)
-Automotive Evolution News-
8 concept cars that show how technology will dominate the drive of the
future
(CNBC)
Autonomous Cars Face Big Hurdles; They Will Succeed, But When?
(Forbes)
Daimler And Bosch Choose San Jose For Their Silicon Valley Robo-Taxi
Service
(Forbes)
GM's future lineup will run on electricity, drive itself — and fly
(Detroit Free Press)
Mercedes-Benz, Bosch to offer self-driving car rides in San Jose,
California
(USA Today)
Tesla Drivers Report Autopilot Disengaging While Driving Due To
Software Bug
(Forbes)
This Robot Truck Startup May Have An Edge Over Waymo In Bad-Weather
Driving
(Forbes)
Uber rival Taxify says it can grow 100 times bigger in the scooter and
ride-hailing market
(CNBC)
Uber ups its driver perks with 'Pro' program, including free college
education
(USA Today)
-Automotive Retail News-
Better inventory listings, lead management anchor more sales
(Auto Remarketing)
CarGurus Helps Dealerships Solve for Attribution with More Insight
(PR Newswire)
Dealertrack Looks to Speed Car Buying Process
(Auto Finance News)
Jumpstart: Car Buyers Want to Negotiate
(Auto Dealer Monthly)
Lithia and Shift to operate separately and share technology
(Auto Remarketing)
Luxury car owners trade up for American pickups as Ford, GM and Ram
trucks dominate market
(CNBC)
Millennials Spending Big on Cars — With Auto Loans to Match
(The Detroit Bureau)
Used car payments hit record $400 per month as prices top $20,000
(USA Today)
Used-Car Prices Reach 13-Year High in Third Quarter
(Vehicle Remarketing)
Used Vehicle Prices Rising, Pushing Buyers to Look at Leasing
(The Detroit Bureau)
-Automotive Wholesale News-
Compact Van Values Dip at Start of November
(Vehicle Remarketing)
-Automotive Ownership News-
Where your car is most likely to be stolen in every state
(USA Today)
-Automotive Enthusiast News-
Inside the World's Most Valuable Hot Wheels Collection
(Car and Driver)
With millions at stake, car collectors scour Earth for lost classics
(Detroit Free Press)
-Automotive Servicing News-
Mazda to recall 640,000 vehicles globally over diesel engine issue
(Reuters)
Subaru recalls nearly 400K vehicles to fix stalling problems
(Detroit Free Press)
U.S. agency probes 1.7 million GM SUVs over wiper failures
(Reuters)
-General Business & Executive News-
CDK Global Names Brian Krzanich President and Chief Executive Officer
(CDK)
Ford buys electric scooter startup Spin, joining competitors Bird and
Lime
(USA Today)
Harley-Davidson's electric motorcycle signals a big change for the
legendary, but troubled, company
(CNBC)
Tesla’s Booming Model 3 Sales and More This Week In The Future Of Cars
(Wired)
Time Dealer Of The Year
(Automotive News)
VW Considers Investing in Ford-Backed Autonomous Unit Argo
(Bloomberg)
-AEA Reminder-
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Automotive Executives Association
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ChargePoint raises $240 million to serve an anticipated flood of electric vehicles
Electric vehicle charging network ChargePoint has raised $240 million in a Series H funding round that attracted a diverse group of investors from the automotive, energy, financial, venture capital, utilities, and even oil and gas industries. New investors in the round include American Electric Power, Chevron Technology Ventures, Canada Pension Plan Investment Board, Daimler Trucks… Continue reading ChargePoint raises $240 million to serve an anticipated flood of electric vehicles
Trump may impose tariffs on imported cars from next week: report
FILE PHOTO: Mechanic staff work on the production line of Volkswagen e-Golf in the Glaeserne Manufaktur plant in Dresden, Germany May 8, 2018. REUTERS/Matthias Rietschel BERLIN (Reuters) – European auto stocks extended losses on Tuesday after a German magazine reported that U.S. President Donald Trump could impose tariffs on imported cars from next week. Wirtschaftswoche… Continue reading Trump may impose tariffs on imported cars from next week: report
VW turned its electric cargo van concept into a race support vehicle
VW Group has put a new spin on its all-electric I.D. Buzz Cargo van concept. This time, the German automaker has reimagined the concept as a support vehicle for the Volkswagen I.D R, the electric vehicle prototype that had a record-breaking run this year in the Pikes Peak International Hill Climb competition. VW Group’s commercial vehicles… Continue reading VW turned its electric cargo van concept into a race support vehicle
Profitability of auto companies: Toyota ahead of BMW, Daimler and VW – but German carmakers invest more in the future
Global car sales decline for the first time since the financial crisis. The profit margin of the 16 leading auto companies has fallen to its lowest level since the financial crisis. Toyota and Suzuki work more profitably than the German carmaker: But that the profit margin of VW, Daimler and BMW is shrinking, is mainly… Continue reading Profitability of auto companies: Toyota ahead of BMW, Daimler and VW – but German carmakers invest more in the future