BMW may have to increase production of its i8 plug-in hybrid sports car to meet high demand.
Waiting lists for the €120,000 coupe are up to 18 months, BMW sales and marketing chief, Ian Robertson, said.
Monthly Archives: November 2014
Volkswagen raises the stakes in China
Volkswagen’s investment plans for the next five years tell one story very clearly – the company is becoming ever more dependent on growth in China in its bid to overtake Toyota as the world’s number one carmaker.
For the first time in years, the planned increase in investment by VW’s two Chinese joint ventures – internally financed through their own cash flows – is set to accelerate, even as Volkswagen becomes dangerously exposed to a slowdown in China.
VW will invest €86 billion chasing Toyota for global car sales lead
Volkswagen Group will keep pouring money into new vehicles, technology and factories as it chases Toyota for the lead as world’s largest automaker.
VW plans to invest €85.6 billion ($106 billion) over the next five years, the company said Friday. The plan calls for an increase in average annual spending on auto operations to about €17.1 billion a year, compared with €16.8 billion under its previous rolling five-year budget.
Mercedes-AMG GT main market will be U.S.
The United States will be the biggest market for the new Mercedes-AMG GT and is expected to account for 25 percent of the car’s worldwide volume.
Mitsubishi shows XR-PHEV concept at LA Show
Mitsubishi gave the Mitsubishi Concept XR-PHEV plug-in hybrid its North American debut at the 2014 Los Angeles Auto Show. Mitsubishi said that the Concept XR-PHEV crossover hints at its future design direction for production vehicles in North America and further reaffirms the automaker’s commitment to the US market.
