Tag Archives: auto industry commentary

Mercedes-Benz to Increase Focus as a Luxury Car Company

Mercedes-Benz will change its product portfolio, allocating more than 75% of its investments to develop products for the most profitable market segments. As part of this strategy designed to please the capital markets, Mercedes-Benz aims to increase sales share of its Top-End vehicles by around 60% by 2026 compared to 2019. Like many auto companies it intends to achieve “higher quality growth and a further significant increase in profitability and resilience, striving for an operating margin target of approximately 14% by mid of the decade in favorable market conditions.” Continue reading

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Lamborghini Joining IMSA GTP LMDh in 2024

Since 2016, Lamborghini has posted 15 victories in the WeatherTech Championship GTD class, including consecutive wins at the Rolex 24 in 2018, ‘19 and ’20. Continue reading

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Record Auction Price – €135m for Mercedes-Benz 300 SLR

A Mercedes-Benz 300 SLR Uhlenhaut Coupe from 1955 has been sold at auction for a record price of €135 million to a private collector, Mercedes-Benz said today. It was one of just two prototypes built at the time. Named after … Continue reading

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EU Passenger Car Sales Drop 21% in April

With the exception of the pandemic year in 2020, this was the weakest April result in terms of volumes sold since records began. Put another way, Russian roulette is a bad game. All major markets contributed to the region’s negative performance: Italy (-33.0%), France (-22.6%), Germany (-21.5%) and Spain (-12.1%), according to ACEA Continue reading

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Europe’s Diesel Car Problem – 20% of the Market!

The latest diesel sales information comes at a time when 27 automakers are lobbying the EU to ban the sale of all, yes all internal combustion vehicles by 2035 and replace them with zero emissions vehicles  – aka electric –  if  the Global Warming goals of net zero emissions are to be met by 2050 to avoid the worst impacts of planet- and people-killing climate change. Continue reading

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ASEAN Light Vehicle Sales Still Soaring in March

ASEAN LV sales continued to increase in March (+17% YoY and +32% MoM), improving Q1 2021 sales by 23% YoY, according to the LMC Automotive consultancy. LMC attributed this to falling COVID-19 cases leading to normalizing economic activity and mobility in the region. “As a result, overall ASEAN LV sales are now increased to 3.10 mn units, or a 13% YoY increase, this year,” said LMC. Continue reading

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CARB to Open New SoCal Headquarters to Public

“This world-class facility houses the newest advanced vehicle emissions testing laboratory in the world. The new headquarters and laboratory will enable CARB to continue its globally recognized research and achievements in reducing air pollution and fighting climate change over the coming decades. Continue reading

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Honda Title Sponsor of the 2022 F1 Japanese Grand Prix

In this year’s Japanese Grand Prix, 10 teams – including Oracle Red Bull Racing and Scuderia AlphaTauri, which Honda supports as a team partner – will compete with 20 drivers who will demonstrate their driving skills and judgment or lack thereof in a racing series that changed its rules this year to allow a novel concept in Formula One – passing. Continue reading

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