Sales

Global Car Sales Pace Expected to Slow Again This Year

May 22, 2018 at 5:00 PM

The pace of worldwide sales of new cars and light-duty trucks will climb only 2% to 97.6 million units this year, down from rates of 3% last year and 4% in 2016, LMC Automotive predicts.

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People

U.S. Pressures GAZ to Drop Deripaska Ties

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Sales

FCA Launches U.S. Media Review

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EV-Hybrid

Toyota Foresees Slow Ramp-up for Solid-State Batteries

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Ford Prepares Romanian Plant for Second Model

Ford Motor Co. says it will spend €200 million ($236 million) to prepare its factory in Craiova, Romania, to produce an unnamed new model next year.

New Product

Mercedes AMG E53 Teams I-6 Engine with 48-Volt Mild Hybrid Tech

Daimler AG’s 2019 Mercedes-AMG E53 sedan will feature a 3.0-liter inline-6 engine with a 48-volt mild-hybrid system.  The twin-turbocharged powerplant generates 429 hp and 384 lb-ft of torque.

Sales

Global Car Sales Pace Expected to Slow Again This Year

The pace of worldwide sales of new cars and light-duty trucks will climb only 2% to 97.6 million units this year, down from rates of 3% last year and 4% in 2016, LMC Automotive predicts.

People

Lexus Names New Chief for U.S. Operations

Toyota Motor Corp.’s Lexus brand has named David Christ, previously its vice president of sales, as general manager of U.S. automotive operations.

Business

Carmakers Balk at S. Africa’s Ambitious Expansion Goals

South Africa wants local carmaking operations to more than double annual output and employment by 2035.

EV-Hybrid

BP Invests in StoreDot’s Ultra-Quick-Charge EV Battery

Energy company BP plc is investing $20 million in StoreDot Ltd., an Israeli developer of a lithium-ion “flash” battery for electric cars that can be charged in five minutes.

New Product

Tesla Promises Fix for Model 3’s Erratic Braking

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