Farley said the region remains key to Ford. “We believe that not only is it the biggest EV market in the world, but customers digitally are ahead of the rest of the world, and so it’s a really important market for us,” he said. “And what we really see in our presence there is battery…
Tag: automotive news logo
Nissan revs up fleet sales as production returns
Nissan’s average pre-pandemic fleet mix hovered at about 30 percent, a TrueCar spokesman said, declining to disclose specific volumes. During the pandemic and subsequent supply chain shortages, which dramatically cut fleet sales across the industry, that share dropped to 18-to-20 percent. In recent months, the fleet share increased to about 25%. Nissan, which in the…
China dealers struggle as price war, emissions rules upend market
Chinese new-vehicle dealers are struggling to stay afloat after efforts to clear gasoline-fueled cars before tougher emissions standards taking effect later this year are upended by a bruising price war. Auto sales — especially of internal combustion engine light vehicles — haven’t bounced back from pandemic restrictions even with hefty discounts done out by major…
Ford recalls: 1.3M Fusions, Lincoln MKZs called back for brakes
Ford is also recalling about 280,000 F-150 pickups globally from the 2021 model year, according to a separate recall report made public Thursday. The recall covers about 222,000 vehicles in the US, 50,000 in Canada and 2,000 in Mexico, Ford said. The windshield wiper arms on those vehicles may break, reducing visibility in certain conditions…
Cox Automotive wields ax as it reviews Canadian operations
Cox Automotive is laying off 80 staff in Canada and closing its Manheim Edmonton auction operation as it re-evaluates its Canadian footprint following the sale of much of its software business in the country late last year. Matt Trapp, Cox’s regional vice-president for the eastern United States and Canada, said the company has spent the…
Musk could continue the goal of prioritizing sales over profits
Elon Musk is prioritizing sales over profits in hopes that Tesla’s elusive full self-driving software would eventually burnish margins, a plan that could deepen an already fierce price war in the electric-vehicle industry. Shares of the automaker fell 3.5 percent in premarket trading on Thursday after Musk signaled there might not be any let-up in…
Car quality is getting worse, JD Power finds
New-vehicle quality improved at 12 of 33 brands ranked in the study: Dodge, Ram, Alfa Romeo, Porsche, Maserati, Jaguar, Subaru, Jeep, Mitsubishi, Audi, Chrysler and Volvo. “It’s not one thing that’s detrimental in the industry,” said Frank Hanley, senior director of auto benchmarking at JD Power. “There’s just a lot of little things going wrong,…
Mullen Automotive Inc (MULN) Stock Is Down -42.86% This Week: Buy, Hold, or Sell?
News Home Monday, June 12, 2023 12:11 PM | Investors Observer Analysts Mentioned in this article Mullen Automotive Inc (MULN) stock has fallen -98.48% over the last 12 months. InvestorsObserver’s proprietary ranking system, gives MULN stock a score of 5 out of a possible 100. That rank is mainly influenced by a short-term technical score…