The Detroit Three met the challenge of the U.S. 18-month downturn that ended in mid-2009 by lowering their respective break-even points through downsizing. “We have 27 markets, so it’s a little bit more complex,” Karl-Freidrich Stracke says....More
U.S. customers account for 45% of BMW’s high-performance vehicles, while China is the second-biggest market, the company says. The German auto maker sold 19,000 M-branded vehicles worldwide last year, a 12.8% improvement....More
Rather than cut capacity, OEMs are offering big discounts on their popular small cars, resulting in “horror stories about the pricing in the B-segment,” the CEO says. “We are not even recovering the variable costs.”...More
Designed and engineered in Wolfsburg with input from U.S. staff, the Atlas evolved from VW’s 2013 CrossBlue concept and is starting to roll off the line in Chattanooga, TN. The automaker invested $900 million at the plant for the Atlas launch.
Alfa Romeo, Bentley, Buick, Lincoln, Maserati, Mini and Subaru win their first Wards 10 Best Interiors trophies, while Honda, Lexus and Mazda return to the winners’ circle. Thirty-one nominees were evaluated....More