Auto sales keep climbing, Audi is going electric, and more – New York Daily News

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Automakers look to sell twenty million cars in 2018

car-dealership-ford-chevrolet-dodge

Analysts predict and standard of 58 brand-new models per year between 2017 and 2020.

(John Gress/Corbis via Getty Images)

Car sales are on the rise and early indications prove to that trend isn’t going to modification any sort of time soon. Projections from Bank of America Merrill Lynch Global Research have actually U.S. auto sales to surging to twenty million by 2018, riding a wave of brand-new vehicles releases.

On average, the significant automakers put out regarding 38 brand-new models in a offered year, however between 2017 and 2020, that number is expected to reach an standard closer to 58. Unsurprisingly, the focal point of this improve will certainly be crossover SUVs, which are expected to consist of 31 percent of brand-new models. After that, the brand-new models will certainly be composed of 27 percent of brand-new vehicles will certainly be light trucks, 18 percent small cars, 16 percent mid- and large-size cars and 9 percent sports and luxury vehicles, according to projections.

Source: Detroit News

Audi looks to go electric in a big way

A crossover SUV based on the E-Tron Quattro will be the first in what Audi promises to be a string of battery-powered vehicle releases.

A crossover SUV based on the E-Tron Quattro will certainly be the very first in just what Audi promises to be a string of battery-powered automobile releases.

(Matthias Knodler)

Speaking of brand-new models, Audi announced its intentions to launch a brand-new electrified model—every year. Starting in 2018, the company will certainly introduce at least one brand-new electric-powered automobile a year, along with the best objective being to make a quarter of its models available along with a plug-in battery.

The very first model on deck for Audi is a crossover SUV based on the E-Tron Quattro Concept it introduced throughout the 2015 Frankfurt Motor Show, along with a proposed all-electric range of 310 miles.

Source: Autoblog

Nissan and Mitsubishi all set to tie the knot

Carlos Ghosn, chief executive officer of Nissan Motor Co., left, shakes hands with Osamu Masuko, chairman and chief executive officer of Mitsubishi Motors Corp., during a news conference in Yokohama, Kanagawa Prefecture, Japan, on Thursday, May 12, 2016. 

Carlos Ghosn, chief executive officer of Nissan Motor Co., left, shakes hands along with Osamu Masuko, chairman and chief executive officer of Mitsubishi Motors Corp., throughout a news conference in Yokohama, Kanagawa Prefecture, Japan, on Thursday, Could 12, 2016. 

(Bloomberg via Getty Images)

It’s official: Nissan and Mitsubishi are obtaining hitched. OK, so, technically it won’t be actually official until Could 25, however it appears to be a done deal after heads of the 2 companies got with each other this week adhering to Nissan’s proposal to purchase a controlling share of Mitsubishi. The move comes as Mitsubishi shares take a nosedive after the company was embroiled in a fuel efficiency scandal last month.

Nissan plans to pour 237 billion yen, or $2.2 billion, in to Mitsubishi, which would certainly provide it a 34-percent stake in the company, making Nissan the single largest Mitsubishi shareholder. The 2 companies have actually worked cooperatively in the past. In fact, Nissan actually blew the whistle on its Japanese counterpart for exaggerating fuel economies on a pair of minicars built by Mitsubishi for Nissan.

Source: Automotive News

Japanese auto mergers may become a lot more common

toyota-city-japan-car-lot

Toyota Motors sells as several (otherwise more) cars as any sort of various other automaker, however that doesn’t mean it’s profit margins are ironclad. 

(Bloomberg via Getty Images)

The Nissan-Mitsubishi partnership may be a authorize of the times, according to Kelley Blue Schedule analysts. all of scandals aside, Japanese carmakers are seeing their profit margins decline as the yen strengthens and renders foreign currencies such as the U.S. dollar and Chinese yuan much less helpful compared to it once joined the Land of the Rising Sun. Even Toyota, the biggest automaker in the world, is suffering from the exchange fee change.

Despite its robust economy, Japan is house to eight significant automakers, far a lot more compared to its contemporaries in the U.S. and Germany. Karl Brauer, senior director of automotive industry insights at Kelley Blue Schedule tells CNBC that having this several specific companies will certainly probably not be sustainable and will certainly most likely result in mergers in the near future.

Source: CNBC

Subaru will certainly now be gained by, well, Subaru

Inspiration for the Subaru name literally came from the heavens � or more precisely, the Japanese name of a star cluster in the Taurus constellation. Six of the stars are visible to the naked eye and � in keeping with corporate identity � this matche

Subaru’s moms and dad company, Fuji Heavy Industries, will certainly most likely modification its name to Subaru Corporation.

(GABRIEL BOUYS/AFP/Getty Images/AFP/Getty Images)

This is just what really makes a Subaru a Subaru: Fuji Heavy Industries, the long-time manufacturer of the Subaru auto brand, plans on changing its name to Subaru Corporation next April throughout the company’s centennial year.

The name modification still requires last approval from Fuji’s shareholders, however in all of likelihood it will certainly go through. While the Fuji name may be commonplace on buses, industrial machinery and various other heavy-duty equipment, Subaru is clearly the nameplate most widely recognized by the general public.

Source: Motor Trend

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