Archive for the ‘Sales’ Category

Volvo Launches Car Production at First-Ever US Plant

Automaker will add second vehicle in 2021.

by on Jun.20, 2018

Volvo's first-ever manufacturing plant in the U.S. is building the new S60 sports sedan.

Volvo Cars opened its first manufacturing plant in the U.S. near Charleston, South Carolina, as it expands its global manufacturing footprint beyond Europe and Asia for the first time.

Volvo officials said the establishment of the plant in South Carolina follows the company’s manufacturing strategy “to build where it sells.”

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“The Charleston plant establishes the U.S. as our third ‘home’ market,” said Hakan Samuelsson, the president and chief executive of Volvo Cars. “The sedan segment and the SPA platform’s proven ability to boost profitability offer significant growth opportunities for Volvo Cars in the U.S. and globally.” (more…)

Hyundai, Kia Announce Global Reorganization Plans

Korean carmakers will get more regional autonomy in U.S., Europe.

by on Jun.18, 2018

The new organization is aimed at making the two brands more responsive to local markets.

Hyundai and sibling Korean carmaker Kia already operate as largely autonomous entities. Now, their regional operations in the U.S. and Europe will operate as largely independent operations to “spur sustainable growth and enhance innovation.”

The move to boost regional autonomy by Korea’s largest automaker is no surprise and follows in the footsteps of what has already been done by major Japanese automakers such as Toyota and Nissan. The first step will come with the establishment of new North American regional headquarters for each of the brands on July 2. Europe will follow shortly afterwards, as will other key global regions.

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In a statement, the Hyundai Motor Group – which includes both Hyundai Motor Co. and Kia Motor Corp. – said the move will impact “every aspect of the business, ranging from product planning, marketing, sales, and manufacturing,”

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Cadillac Culling Sedan Line-Up, New Plant Investment Emphasizing Shift to SUVs

ATS, XTS going away as passenger car sales slide.

by on Jun.18, 2018

Cadillac is planning to end production of the slow-selling ATS by 2021.

General Motors will invest $175 million in a Lansing, Michigan assembly plant to support production of two new Cadillac sedans, but in the process, Caddy is expected to dump drop the slow-selling ATS compact coupe and XTS full-size sedan.

Early in the new decade, those two models, as well as the midsize Cadillac CTS, will be replaced by just two all-new sedans, the automaker said. The cutback reflects both the overall U.S. market shift from passenger cars to utility vehicles and, more specifically, the poor sales performance of those three Caddy models.

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It is not clear when the three current sedans will be dropped, but Cadillac isn’t expected to have the two replacement models ready to roll out of GM’s Lansing Grand River Assembly Plant until late in 2021, according to a spokesman. They will likely debut as 2022 models. (more…)

Volvo Hopes to Electrify Customers – and Investors

All-electric models now expected to generate half its sales by mid-2020s, with 1/3 self-driving.

by on Jun.08, 2018

The Volvo 40.2 Concept hints at what's coming with the marque's first all-electric vehicle.

Volvo took a lead in the push into electrification last year, announcing it would use some of battery-based drive system on all future products, whether mild, conventional or plug-in hybrids, or pure battery-electric. And, last January, it gave us a hint of what that first BEV would be with the debut of its 40.2 concept.

The production version will follow in 2019 and, if Volvo’s latest forecast is any indication, so will plenty of other all-electric models, as the Swedish automaker now says it wants them to generate half of its sales by mid-decade.

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The mid-term plan Volvo is laying out is nothing if not ambitious. It also predicts that half of the Chinese-owned automaker’s sales will come from self-driving vehicles, and that half of its volume will come through its Care by Volvo subscription service, rather than conventional sales and leasing. Oh, and add a goal of boosting volume – and profitability – to match other premium manufacturers.

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Automakers Launch Full-Size Truck Incentive War

Up to $16,000 in givebacks and discounts on some 2018 models.

by on Jun.07, 2018

FCA has some of the largest incentives -- up to $16,000 -- available on its 2018 Ram.

Despite strong demand, US. Automakers have launched some of the most lavish incentives on full-size truck models seen since the end of the Great Recession, with discounts of as much as $16,000.

The move might come as a surprise considering pickups have retained strong momentum despite the weakening of the broader U.S. automotive market over the last year, and the latest round of incentives threaten to cut into the earnings delivered by what are traditionally the most profitable product segment in the market.

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Automakers appear to be acting for a variety of reasons, including the need to clear inventories ahead of the launch of all-new models from both General Motors and Fiat Chrysler Automobiles, as well as the potential weakness of segment leader Ford which lost thousands of units of production due to a supplier problem last month.

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Tesla CEO Musk Survives 1st Big Challenge as Chairman as Model 3 “Quite Likely” to Meet Target

Shanghai, European plants could be announced within weeks.

by on Jun.06, 2018

Tesla CEO Elon Musk beat back challenges to his role, while 3 board members were voted back in.

Elon Musk stared down a group of dissident shareholders on Tuesday, surviving the first serious challenge to his dual role as chairman and CEO of the California automaker, while three of his hand-picked board members also fended off challenges.

Musk, who has developed an almost cult-like following among investors and electric vehicle fans alike, has faced an unusual degree of scrutiny in recent months as a result of mounting losses, struggles with production of the Model 3 sedan and a series of widely reported crashes involving Tesla vehicles. But despite some opposition, the company’s annual shareholders meeting was largely focused on promises about great things to come.

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Musk promised that after months of what the CEO has dubbed “production hell,” the pace is picking up at the Fremont assembly plant and that production will “quite likely” reach his 5,000 vehicle-a-week target by the end of June. Meanwhile, he and members of his senior management team outlined other developments to come, including the launch of additional production plants that could substantially boost global demand.

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What’s Fiat Chrysler Automobiles Without Fiat and Chrysler?

Two namesake brands will survive – barely, for now.

by on Jun.04, 2018

The Chrysler Pacifica may soon go it solo as the brand continues to shrink.

It’s been nearly a decade since struggling European automaker Fiat combined with the post-Chapter 11 Chrysler, and if the 5-year plan unveiled during a day-long meeting in Milan last week comes close to being accurate, the carmaker could be in for a “brighter future” than ever, according to John Elkann, the chairman of Fiat Chrysler Automobiles, and the heir to the Italian side of the company’s founders.

There’s just one problem: neither the Fiat nor Chrysler brands seem poised to share in the spoils. The Fiat Capital Day briefing focused all but exclusively on just four brands – Jeep, Ram, Alfa Romeo and Maserati – expected to dominate FCA’s future. For now, Fiat and Chrysler will survive, but in greatly diminished form, and observers question whether they’ll be around for the long-term.

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“There was enough doubt…about their future because they barely showed up in the presentations,” said Joe Phillippi, chief analyst with AutoTrends Consulting, after attending the day-long session at Alfa’ proving grounds near Milan. Fca’s management team “took pains to say (Fiat and Chrysler will have a future, at least in the near-term. But it will be up to the next management team to determine whether they will remain in the portfolio for the long-term.”

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Paris Motor Show Exodus Accelerates

Key FCA brands follow BMW, Ford, Nissan and VW out the door.

by on Jun.04, 2018

This scene is not going to play out this fall at the Paris Motor Show.

It’s looking likely to be rather lonely at the Paris Motor Show this year with a rapidly growing list of major manufacturers announcing they will be no-shows next autumn at an event that has traditionally been a must for the industry.

Auto shows, in general, are coming under scrutiny as manufacturers begin weighing their costs and benefits, and start comparing them to marketing alternatives such as the Consumer Electronics Show in Las Vegas, the Mobile World Congress in Barcelona, and even the annual Pebble Beach Concours d’Elegance.

Auto Show News!

Fiat, Alfa Romeo and Jeep will be holdouts at the 2018 Mondial de l’Automobile, which was set to begin on Oct. 2 with two days of press debuts, and then remain open to the public through Oct. 14. Fiat Chrysler Automobiles will still show off its Maserati brand, as well as Ferrari. (more…)

FCA Planning to Plug In

After slow start, automaker reveals big plans for electrification.

by on Jun.01, 2018

The production version of this Maserati Alfieri concept will use an electrified drivetrain to launch from 0 to 60 in barely 2 seconds.

Sergio Marchionne isn’t much of a fan of battery power, or at least he hasn’t been until recently. When Fiat Chrysler Automobiles launched its first all-electric model, five years ago, the CEO actually urged motorists not to buy it, admitting FCA lost about $25,000 on every one of them.

But at the automaker’s “Capital Day,” in Milan on Friday, Marchionne and his management team were far more upbeat, announcing plans to add dozens of electrified vehicles – everything from mild hybrids to pure battery-electric vehicles – into the FCA line-up over the next give years.

Electrifying!

The economics still aren’t great, noted Mark Chernoby, the automaker’s head of technology compliance, but in an era of increasingly stringent emissions and mileage regulations, it’s the only real day to meet targets being set in markets as diverse as the U.S., Europe, China and Brazil. That’s all the more so as FCA continues to migrate from traditional sedans and coupes to the less efficient SUVs and CUVs that will overwhelmingly dominate its global line-up.

(more…)

May Auto Sales Bring Mixed Results for Makers

Analysts believe month will end positive.

by on Jun.01, 2018

Jeep's 29% sales increase in May led FCA to an 11% jump overall for the month.

Automakers are looking at a mixed bag of sales for May, but when the final tally is recorded, it’s expected to see the industry on the -side of the ledger. Early returns show that domestic makers fared well, while others are more spotty.

Fiat Chrysler Automobiles posted a double-digit sales jump of 11% thanks to big surge in sales by the Jeep brands, where sales went up 29%.

Product News!

Ford Motor Co. managed to eke out a 0.7 % sales increase during May. The increase included an 11% in sales of F-Series pickup trucks despite a crippling fire that forced the company to shut down production for more than a week. (more…)

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