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Data indicates tariffs may raise costs for some vehicle models, but automakers remain uncertain how the added expense could inflate consumer pricing.
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The worldwide market launch of the 2025 BMW i4 and BMW 4 Series Gran Coupe will be underway in July.
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More competitive pricing and consumer reluctance are taking their toll on the automaker's ambitious electrification plans.
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A good synopsis of today’s commercial fleet market is exemplified by a fleet manager who said: “Everything costs more and it takes longer to get.” Sourcing constraints persist due to restrictive OEM fleet allocation ordering.
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VW will increase allocation of units earmarked to commercial fleets by 9%. In CY-2023, VW forecasts its total sales will grow 25% as its product portfolio transforms from non-SUV models to more SUV and BEV models.
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The new campus – to be renamed Oakville Electric Vehicle Complex – will be a high-volume manufacturing hub for North America, producing about two million EVs annually by 2026.
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Ford is increasing production of its Mustang Mach-E, F-150 Lightning, Bronco Sport, and Maverick this year, boosting production at its assembly plants across the U.S.
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Sigrid de Vries reported that the European auto industry is a world leader in e-mobility and sustainability, digitalization and road safety, but production and sales pose challenges.
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Due to the parts shortage and the lockdown in Shanghai, Toyota is further suspending operations at some of its domestic plants at the beginning of June.
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Called Blue Oval City, the complex will be constructed on a nearly six-square-mile site in west Tennessee and produce next-generation electric F-Series pickups and advanced batteries.
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