A high percentage of U.S. vehicle buyers seriously consider battery-electrics and plug-in hybrids, but don’t pull the trigger because they can’t find a product that precisely fits their needs, McKinsey & Co. says.
Prices of the Camry sedan, the vehicle with the highest U.S. content, would jump about $1,000 if a border tax comes into play, Toyota North America CEO Jim Lentz says. “That’s a pretty big hit to the consumer.”
Ford won’t make a big new-product splash until 2018 and beyond, but with a handful of key updated models, service initiatives such as Quick Lane and a still strong retail environment, officials express confidence as they head into the new year.
The U.S. importer plans to introduce three new battery-electric vehicles in the U.S. by 2020 and President Scott Keogh knows the brand will need its dealer body behind the effort if it is to be successful.
Rumors the two automakers might scrap plans to continue developing vehicles together were flatly denied at the Detroit auto show, where one of the biggest draws was the stylish CUV concept chartered with taking Infiniti interior design to the next level.
While the Dieselgate emissions scandal continues to make headlines, the automaker says it is focused on rebuilding its relationship with U.S. customers via a new line of CUV models and push into electrification.