BMW sold 2.49 million BMW, Mini and Rolls-Royce vehicles in last year

A new BMW car

German automaker BMW states it achieved record sales of 2.49 million BMW, Mini and Rolls-Royce vehicles in 2018. “BMW Group achieved record sales in last year. 2.49 million vehicles mean the BMW Group is the world’s leading premium automotive company for the 15th year running,” CEO Harald Krueger stated. Daimler has not yet released yearly […]

Lexus, Infiniti luxury car brands find ways to combat Tesla, German rivals

Toyota Lexus LC500

Japanese luxury car brands Lexus and Infiniti used the Detroit auto show to check new methods to regain momentum against Germany’s prominent automakers and Silicon Valley’s Tesla Inc. Toyota Motor’s Lexus brand revealed at Detroit its “LF-1 Limitless” concept SUV model, signaling that Lexus may begin to focus more on SUVs than its traditional large […]

Ford says turnaround to take years as results fell short for 2017 and 2018

Ford logo in their auto plant

Ford Motor last week estimated financial outcomes for 2017 and 2018 that fell short of investor expectations, in a downbeat projection that contrasted with a more favorable outlook from competing automaker General Motors. Ford Chief Financial Officer Bob Shanks informed experts at an investor conference in Detroit that greater expenses for steel, aluminum and other […]

Volkswagen 2017 group sales increased to around 10.7 million cars: report

Volkswagen logo

Volkswagen group sales most likely increased to around 10.7 million cars in 2017 and kept the German automaker ahead of Toyota as the world’s largest automaker, Bild am Sonntag reported, pointing out in-house Volkswagen estimates. Higher delivery statistics throughout the group, which includes premium brands Audi and Porsche, helped drive income above 220 billion euros […]