It's either a drop in the bucket or a segment with lots of room to grow. Which aspect an advanced-powertrain vehicle advocate chooses depends on how he sees the challenge that hybrids face in the marketplace. Given a new study that once again shows that, after more than ten years on sale, gas-electric models still account for just a small fraction of the global light-duty vehicles made, we're inclined to see it both ways.
J.D. Power and Associates, the influential industry tracking firm, warned that the global auto market may "outright collapse" due to the lack of available credit and the general global economic conditions in 2009. According to the company, credit market restructuring, fewer leasing options, and declining owner equity are adding additional stress to an already burdened market. Don't turn to the automotive markets in China, Europe, or India either -- they are expected to slow next year as well. Mu
Bringing his experience heading Lexus with him when he defected to Ford, Jim Farley's got his eye on some premium-Toyota style brand growth. Ford's past party line has been that the Lincoln nameplate is strictly for North American consumption, but Farley's been conferring with other Forders like Peter Horbury about taking Lincoln worldwide. Lexus is enjoying rapid growth in markets like Russia and Saudi Arabia, so it's not a new concept for Farley, and Horbury has previous global-brand experienc
According to Global Insight, the US auto market will grow next year. From 16.2 million cars sold in 2007, the mark will reach 17 million by 2010 and 17.7 million by 2012. Imports will move 4.4 million units that year, up from 3.7 million now.
As if Ferrari needed any help promoting its brand, they've gone and hired Dany Bahar. During his tenure at Red Bull, the intrepid Turk transformed the energy drink company from a simple sponsor into team owners, first acquiring Red Bull Racing from Ford when Jaguar's F1 team went bust, then going in on an unprecedented second team – Scuderia Toro Rosso – and even spearheading Toyota's entry into NASCAR in a team owned by... you guessed it, Red Bull. Bahar also orchestrated the deal t
General Motors has proven it should be taken seriously in its efforts to harmonize its many global outposts into a single, coherent unit. The Opel-ifying of Saturn is the most obvious example, but Chevy, which is enjoying increased popularity in Europe, wants in on the globalization action, too. AutoWeek reports that GM's everyman brand wants to commonize its nameplates globally over the next couple of years. Right now the brand sells same models in various regions under different monikers. Our
General Motors reported global sales of 2,296,000 vehicles in the third quarter, which is a 3-percent decline versus Q3 of last year. That's only 66,000 unit off what was sold during the same period in 2005, and the GM spinmeisters attribute the difference to the employee pricing war last year and the company's commitment to reduce rental and fleet sales this year. Aight, we can buy that, so perhaps GM really did hold its ground this year in the global market.
A joint press release by the American Geophysical Union, the Centre for Ecology and Hydrology Dorset and Wageningen University claims that climate change estimates for the next century may have substantially underestimated the potential magnitude of global warming. A paper to be published May 26th will quantify a two-way phenomenon by which greenhouse gases not only contribute to higher temperatures, but are themselves increased by higher temperatures. This higher concentration leads to still hi