Ford seen as ‘canary’ with record leases spurring used-car glutMon, 23, Jan 2017
A glut of used vehicles has started to depress prices. That trend will intensify as Americans will return 3.36 million leased cars and trucks this year, another jump after a 33 percent surge in 2016, according to J.D. Power. The fallout has already begun, with Ford shaving $300 million from its financial-services arm’s profit forecast for this year.
Germany prepares for 'rough ride' under TrumpFri, 20, Jan 2017
Germany will need a new economic strategy geared toward Asia should the new U.S. administration start a trade war with China, Vice Chancellor Sigmar Gabriel said on Friday, warning against protectionism hours after President Donald Trump was sworn in.
BMW departure adds to upheavalMon, 23, Jan 2017
BMW design boss Habib is quitting automakerFri, 20, Jan 2017
BMW's design boss, Karim Habib, is leaving the automaker, a company source said. Habib's departure follows the exit of two other key designers, exacerbating a period of upheaval in BMW's design department.
BMW plans more purchasing with Daimler, report saysFri, 20, Jan 2017
BMW plans to expand its cooperation with Daimler in purchasing components, the automaker's new head of purchasing, Markus Duesmann, told a German newspaper. BMW will have to alter its procurement to meet the trend for EVs and autonomous driving, Duesmann also said.
Dealer: Sedan-crossover mix hurt BMW's salesMon, 23, Jan 2017
BMW of North America straddled U.S. dealers with too many sedans not enough crossovers in a market that was clamoring for the utility vehicles, says Timothy Kraemer, head of the BMW National Dealer forum.
Mini dealers call for more brand awarenessMon, 23, Jan 2017
Mini dealers, struggling with the ongoing shift in consumer preferences away from passenger cars and toward crossovers and SUVs, could benefit from greater marketing to build brand awareness, the chairman of the Mini National Dealer Council said.
F-150 Raptor, rally driver Ken Block drive Ford Twitter engagementThu, 19, Jan 2017
After a bit of back-and-forth between the Ford F-150 and Chevrolet Silverado, in December, the F-150 reclaimed its spot as the winner of the Twitter engagement race among pickups in December, according to ListenFirst Media.
U.S. to remain Germany's top export destination despite TrumpWed, 18, Jan 2017
German industry expects the United States to remain its most important export destination this year despite protectionist threats from President-elect Donald Trump, Germany's Chamber of Commerce and Industry said on Wednesday.
5 automakers form hydrogen alliance with energy, transport giantsWed, 18, Jan 2017
Toyota, BMW, Daimler, Honda and Hyundai are joining oil and gas giants including Royal Dutch Shell and Total with plans to invest a combined $10.7 billion in hydrogen-related products within five years.
Mini adds power to John Cooper Works CountrymanTue, 17, Jan 2017
BMW to push on with Mexico plant despite Trump tariff threatMon, 16, Jan 2017
BMW plans to finish construction of a $1 billion plant in Mexico undeterred by threats from President-elect Donald Trump that he will impose a 35 percent tariff on cars imported into the U.S. from its southern neighbor.