There’s no shortage of uncertainty afflicting the auto industry these days, but Hyundai Motor Company is facing 2017 like a tense office worker determined to put on a brave face around its colleagues.
After seeing its 2016 delivery targets swamped by a wave of market reality — and after canning the CEO of its American division for missing his own targets — Hyundai claims the gray skies will clear up in the New Year. (Read More…)
It’s easy to understand Toyota’s enthusiasm for selling 9 million hybrids worldwide since 1997. (Well, 9.014 million, but who’s counting?)
After all, have you sold 9.014 million hybrids? Don’t lie. You haven’t.
Toyota’s announcement comes as the world’s largest automaker accepts a challenge (from itself) to bring the total number of hybrid models sold to 15 million by 2020. It will do that by introducing more hybrid versions of its vehicles, then selling — it hopes — 1.5 million of them each year. (Read More…)
Volkswagen USA CEO Michael Horn says the automaker expects “limited growth” until its new SUVs arrive, while one of its suppliers sets up shop in Tennessee.
Global sales of Hyundai’s Tucson Fuel Cell haven’t been able to match sales targets since the FCV’s launch in 2013, though not for a lack of trying.
Hyundai is planning on building a factory in Mexico, but only after annual domestic sales in the country rise to appropriate levels.
Deciding quality should be its focus over quantity, Honda announced it would scrap its target of 6 million units sold annually by 2017.
Reacting to previously reported bad news, China’s BYD has cut its 2010 sales target by 25 percent to still quite ambitious 600,000 units, reports The Nikkei [sub]. (Read More…)