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The lack of new-vehicle inventory is steering many dealers and consumers into the used-vehicle market, resulting in higher prices for both wholesale and retail used vehicles.
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With 150,000 reservations and counting, the additional resources will boost the supply of the all-electric pickup truck when it goes on sale in the spring of 2022.
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The BMW iX is being manufactured at the BMW Group’s largest European production plant on an assembly line with the flexibility to build a mix of BMW 5 Series, 7 Series, and 8 Series models.
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BMW Group is expanding it manufacturing capacity to make electric drivetrains for 500,000 electrified vehicles per year from 2022 and start producing fifth-generation high-voltage batteries.
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Find out how the microchip shortage is affecting vehicle sales, how OEMs are prioritizing production, and why there's a demand for used vehicles.
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With short seller “investigative reports,” tightly spun narratives set public opinion that can crash a stock by the end of the day. Shouldn’t a company’s valuation be based on the performance of finished product and meeting production timelines? Asking for Lordstown Motors.
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Today's video covers ongoing vehicle supply constraints in both the fleet and retail markets; upward pressure on fuel prices; and production slowdowns due to ongoing shortage of microchips impacting orders of 2021-MY vehicles.
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This shortage is causing OEMs to reduce, or in some cases even stop, vehicle production, as they find it more difficult to procure semiconductors and electronics. As a consequence, this global shortage of semiconductors promises to further increase lead-times for affected vehicle models.
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Mazda Toyota Manufacturing (MTM), the new joint-venture between Mazda Motor Cor. and Toyota Motor Corp., will invest $830 million to incorporate more advanced manufacturing technologies to its production lines and provide enhanced training to its workforce of up to 4,000 employees.
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Commercial vehicle production in the U.K. fell by 57.2% in June, according to figures released by the Society of Motor Manufacturers and Traders (SMMT).
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