A global shortage of semiconductor chips was the automotive industry’s kryptonite for most of 2021 and 2022. But the crisis is now fading, S&P Global Mobility said Thursday. The chip shortage cost the industry the production of about 9.5 million light vehicles in 2021, according to S&P Global Mobility estimates, and another 3 million in …
Auto industry chip supply is improving but imperfect Read More »
But also on the agenda is a shareholder proposal requiring Toyota to review its climate-related lobbying activities to determine whether they are truly in line with global carbon-neutral goals. The proposal aims to strengthen disclosure of Toyota’s environmental strategy and comes amid criticism from some investors and activists that Toyota is dragging its feet on …
Toyota’s shareholder showdown over Akio Toyoda, climate policy Read More »
Volkswagen Group reported increased first-quarter revenue after strong demand in the US and Europe helped to offset a slide in sales in China. Revenue rose 22 percent to 76 billion euros ($84 billion) in the quarter, the VW Group said in a statement on Thursday. Operating profit fell to 5.7 billion euros from 8.3 billion …
Volkswagen Q1 earnings: Europe, US gains offset China slump Read More »
BERLIN — BMW reported a higher earnings margin for its cars segment, with a rise to 12.1 percent in the first quarter from 8.9 percent a year earlier. BMW benefited from continued stable pricing for both new and used cars, it said in a statement on Thursday. The automaker attributed a drop in first-quarter earnings …
BMW Q1 results: Higher margins for the car business Read More »
LONDON — Aston Martin will reveal the first of its overhauled sports-car range at the end of this month, Chief Financial Officer Doug Lafferty said. The automaker has promised to reveal new versions of its three core sports-car models – the DB11, Vantage and DBS – over the next 12 months. The company has not …
Aston Martin to renew DB11, Vantage, DBS sports cars in 2023 Read More »
The idea of ​​establishing a training program centered around empathy did not spin out of Phillips’ postgraduate business education, but came from his study of psychology at Columbia. “We’re trying to move from change ‘done to’ people to change ‘done by’ people,” he said, adding that the concept is a more inclusive vs. top-down approach. …
At Car Pros dealerships, empathy is part of car sales Read More »
Q: Are we about to enter a period where incentives become necessary? If so, what kinds of incentives? Zero interest loans? Longer loan terms? Cash-back incentives? Wadeson: As it stands, buyers are contending with a whole host of factors: Higher gasoline prices, rising maintenance and insurance costs, and increasing vehicle prices and financing costs, all …
Expert Insights: The Implications of Rising Interest Rates Read More »
For some automakers, certified used-vehicle sales rose in 2022. Company executives who spoke with Automotive News partly attributed the gains to increasing the pool of used-vehicle inventory eligible for certification. Some automakers offer more customer-facing and dealer-facing incentives that help boost overall sales, said Ben Bartosch, a manager of CPO solutions at JD Power. But …
Some automakers found a way to buoy US CPO sales in 2022 Read More »
