Automotive News

LUXURY: Tesla Q1 sales more than double those of BMW

The entire US luxury sector sales rose 23 percent to 616,970 cars and light trucks in the first quarter, outperforming the broader industry’s 8.4 percent bump. In the first quarter, BMW sales rose 12 percent, and the automaker secured a more than 14,000 vehicle advantage over No. 3 Lexuses. The Toyota luxury brand delivered 68,251 vehicles, up 6 percent from a year earlier. BMW, which commanded a 13 percent share of the luxury segment, extended its lead over German rival Mercedes-Benz with a more than 20,000-vehicle advantage. Mercedes’ sales of 61,531 were down 1.2 percent from the prior year as…

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Nikola battles for scarce funding as it launches its first truck

Like every other startup, Nikola is in search of funds to continue its mission to deliver zero-pollution cargo-moving trucks. Last week, it floated a $100 million stock offering that underwhelmed Wall Street. The company’s cash is being spent in three major areas: building trucks, creating a network of hydrogen fueling stations and developing software for autonomous driving. Any one of those pursuits would be a huge project for a startup. Perfecting all three seems like a moonshot. But Lohscheller has been able to sign up partners to help defray some of the costs. And thanks to the Inflation Reduction Act,…

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THE UNOBVIOUS ONES: Getting BMW’s programs fit for Canada

The Unobvious Ones is a monthly look at movers and shakers who fly below the radar in the Canadian auto industry. TRACY BULMER WORKING WITH DEALERS TO TAILOR PROGRAMS TO CANADA Looking after customers isn’t just about the sale. There’s also aftersales, warranty and technical support. At BMW Group Canada’s head office in Richmond Hill, Ont., Tracy Bulmer oversees a team of 55 people in her role as director of customer support. “It’s an interesting area of ​​business, and sometimes people underestimate it because there are many different aspects,” he said. “We work with our partners in Germany in some…

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These Automakers Can’t Quite Hold Onto Their First-Time Buyers

The back of a Ram truck is seen on a sales lot on May 23, 2017 in Miami, Florida.Some automakers are struggling to convince first-time buyers to return to the showroom, Elon Musk tested that he really believed he’d be able to take Tesla private in 2018 with some help and Audi took Nio to court and won. All that and more in The Morning Shift for January 24, 2023. 1st Gear: The ‘Nomad Retention Challenge’ There’s apparently a name for people who purchase a car from a brand, but don’t buy their next vehicle from that same brand.…

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Connected Cars: The Internet on Wheels

After 9 months, he loves the 90 MPG and torque of his 2024 Toyota Prius, however a passionate proprietor reveals the “nagging truths” about its flawed window switches and suspected insurance-spiking data assortment. New 75 kWh LEAF variant delivers as much as 488 km of vary and 35-minute fast charging. Interior upgrades embrace dual digital displays and optional panoramic roof with PDLC… The company’s flagship products get a couple of new options, new wheel designs, and a quieter cabin.All three ideas function AI-based Level 2++ automation and localized digital architecture. VinFast returns to Montreal Electric Vehicle Show with an…

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Magna Steyr Pushes U S Plant Concept As Automakers Plan EvsAutomotive News

PARIS — Peugeot’s next-generation 3008 compact SUV, perhaps the Stellantis brand’s most essential launch in years, may have fastback styling and a radical new dashboard with a single widescreen in entrance of the driver. The mixed company is now known as Forvia and made its debut on the 2022 list at No. 7, with sales of $25.88 billion to automakers in 2021. “Going ahead, we are going to try to replicate the new economics in our main markets in North America and Europe,” Kotagiri stated. “Inflation has been stable and modest for an extended time, for instance, however now it…

Automotive News

Stellantis EV battery plant deal being described as ‘new auto pact’

Ontario’s fiscal assistance in countering the IRA has been a sticking point for months. Canadian Finance Minister Chrystia Freeland has been pushing for the province to pay its “fair share” of the tax credits since early this year. Ontario Premier Doug Ford initially dismissed the pleas, saying the IRA was a federal problem that required a federal solution. The prospect of losing the NextStar Energy plant, however, prompted a change of tack. In mid-May, Stellantis and LGES halted construction on a portion of the Windsor battery plant, saying the federal government had reneged on its pledge to stay competitive with…

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Automakers are getting factories ready to launch new EV models

The number of new electric nameplates that will launch by decade’s end continues to grow. Each encouraging monthly sales and registration report emboldens an automaker somewhere to revise its EV strategy upwards or push ahead with schedules. The industry knows EVs are coming. And manufacturers everywhere have big long-term production plans for them. About 40 EV models of all types are on the market in the United States, but that number could triple over the next two to three years, according to automaker announcements and production forecasters. General Motors alone has said it expects to have more than 20 available…

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What if You Should Repair or Replace Your Windshield?

If your windshield has recently been cracked, the first question you might ask yourself is: Does my windshield need repairing or replacing? Many Jacksonville, FL, vehicle owners have the same question. Below you’ll find some tips to help you decide if you need windshield repair or windshield replacement. When to Repair a Windshield Most people prefer to repair a windshield rather than replace it because it’s less costly. A chipped windshield is almost always repairable, and, in some situations, your insurance company might even cover the cost of the repair. For a chip to qualify for repairs, it shouldn’t exceed…

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Canadian Black Book names Yolanda Biswah its first president since 2019

Canadian Black Book has a new president, its first since 2019. The data and analytics that specializes in used-vehicle analysis promoted Yolanda Biswah to the newly created position July 1. Canadian Black Book has not had a president since 2019. The position has been reestablished, according to a company spokesman. Biswah was most recently senior vice-president and general manager of Canadian Black Book, which is owned by the US-based Black Book company. “This is a proud, historic Canadian brand, and I am excited to lead it at such an exciting time in the industry,” said Biswah of Canadian Black Book.…