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Monthly Archives: July 2011
BMW Surges Past Daimler’s Mercedes-Benz Brand
Daimler AG fell behind a number of its European competitors during the second quarter and is now forecasting lower sales than both BMW AG and Volvo AB. BMW has raised its 2011 sales target from 1.5 million units to 1.6 … Continue reading
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Analysts Warn New Fuel-Economy Targets May Not Lower Oil Demand
Some analysts are warning that the Obama administration’s plan to raise automaker’s fleet-wide fuel economy standards to 54.5 miles per gallon by 2025 may never achieve its intended objective. Energy Security Analysis Incorporated president Sarah Emerson applauds the administration’s boldness. … Continue reading
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UAW Sets Sights on Transplant Automakers
United Auto Workers union president Bob King warned foreign transplant automakers that the union has its sights set on them as well. Appearing with General Motors Company CEO Dan Akerson at the opening of contract talks with Detroit’s Big 3 … Continue reading
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Following Consolidation of Chrysler Financials, Fiat Raises 2011 Profit Projections
After consolidating Chrysler Group LLC into its earnings, Fiat SpA has raised its full-year earnings forecast. In a statement issued on Tuesday, the Italian automaker and majority stakeholder in Chrysler now forecasts its 2011 earnings to reach about 2.1 billion … Continue reading
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Nissan Raising Price of 2012 Leaf All-Electric Vehicle
Nissan North America has announced that it will raise the price of both its base and upper-grade model Leaf all-electric vehicle for the 2012 model-year. Nissan will increase the price of its base model Leaf $2,420, to $36,050. The price … Continue reading
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Obama Administration Offers Concessions on CAFE Standards to Domestic Automakers
According to a recent article in The Wall Street Journal, the Obama administration has indicated that it will give Ford Motor Company, General Motors Company and Chrysler Group more time to increase the fuel economy of its larger light trucks … Continue reading
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Volkswagen on Track to Out-Sell Toyota This Year
Volkswagen AG is confident that it will continue to outperform the competition during the second half of the year. In an email statement sent today, Europe’s largest automaker said that sales of its Audi, Skoda and flagship brand vehicles rose … Continue reading
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U.S. Consumers Buying “Greener” New Vehicles
According to a recent study by the University of Michigan, U.S. consumers are buying more fuel-efficient new vehicles, resulting in a 14 percent decrease in greenhouse emissions since 2007. University of Michigan research associate Brandon Schoettle, who assisted in the … Continue reading
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Surplus of Large Pickup Trucks Causes Concern for GM, Other Automakers
The glut of large pickup trucks languishing on dealer lots is causing some analysts to warn of price wars and lower yearly profits for General Motors Company and others. At the end of June, GM had a 122-day supply of … Continue reading
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NHTSA to Mandate Pedestrian Alerts for Electric Vehicles
The National Highway Traffic Safety Administration has indicated that it will require all-electric and electric hybrid vehicles to be equipped with devices that will sound an alert under certain conditions to alert pedestrians and the visually impaired of their presence. … Continue reading
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