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.
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.
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.
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).
The production and sale of commercial vehicles in June were at 527,000 and 536,000, respectively, which indicated growth through the influence of trucks, with sales volume setting a new historical record.
The pandemic exposed fleet policies to be woefully inadequate in addressing the needs of a health crisis. Fleets were forced to improvise policies and procedures to minimize the risk of contagion.
Topics mentioned include a look at both fleet orders and retail sales trends of the past 60 days; the continued ramp up in vehicle production; fleet buying inclinations for model-year 2021; and more
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