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.
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.
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.
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.
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.
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.
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.
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.
Find out how the microchip shortage is affecting vehicle sales, how OEMs are prioritizing production, and why there's a demand for used vehicles.
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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