After years of foreign automakers dominating the industry’s reliability surveys, an American brand has finally joined the ranks of those building the best vehicles: Buick. For Ford Motor Company ( NYSE:F ), China has offered not only a market for its mainstream vehicles, but also a huge array of consumers for Ford’s rebounding Lincoln brand, without a host of strong domestic competitors. Automaker Volvo will export cars from China to the United States and is going to earn the distinction as the first major global automaker to export cars directly to the U. Ford was the last of the Detroit Three automakers to reach a new contract with Unifor.
OpenCar developer support and App certification services keep up with automaker changes without high touch involvement from automakers. And as the Chinese market offers a big opportunity for many automakers, it’s going to be the automakers that adapt quickly to new regulations that will be best positioned going forward. The second largest automaker in Japan intends to pay out more of its net income in dividends to bolster shareholder returns that have lagged those of its closest Japanese rival, Toyota. Expected to arrive on the market as a 2018 model year vehicle, it’s unclear which model Chevrolet is actually testing. While the Nissan-Renault alliance is the segment leader in global EV sales, there are no major plans announced for North America from the automaker behind the Leaf. Japan will bail out Toyota and Honda, which have seen all their market share gains and increases implode in the last 2-quarters. Obviously, automakers have never had to contemplate anything like this in the past.
The analogy doesn’t hold up for EVs, however, because we already know that there’s massive market for personal mobility: 18 million in annual sales in the US, 20 million in China, and so on. EVs simply change the propulsion proposition. In sales, that is. According to Motoring Life, Kia’s sales in the Western European market rose nearly 40% in 2005.
On one hand, the automakers are signaling their willingness to take more stringent fuel-economy and environmental regulations seriously. According to the study, automakers that support dealers in this area of revenue diversification have higher satisfaction scores in their working relationship with their dealers. Ford received no incentives for keeping Lincoln MKC production in Kentucky, though the automaker never planned to close that Louisville plant, which also builds the Escape crossover that outsells the Lincoln version 12 to 1. Forecast are out there that argue for the EV market growing to 41 million in annual sales by 2040, with 35% of all new cars being electric. Recall timeliness indicating how quickly and willing an automaker is to identify problems with its cars and initiate a recall within three years. Of course, there are bigger reasons why automakers have gone further than the government has asked. If the current global EV market doubled, it would still only be 2% of total sales.
When the fast-rising Japanese automaker entered the passenger car competition, its sales were boosted by the Toyota Prius hybrid and the Toyota Camry sedan. Unlike in 1979, the chances of any one of the three automakers getting government help – beyond the $25 billion already earmarked for plant retooling – is greatly diminished for reasons that neither one of the companies may fully understand.