Audi will add 3 new models to its SUV product line
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Audi will add 3 new models to its SUV product line
Audi ( Volkswagen group) announces that it will add three new models to its current range of SUVs, currently consisting in four models (Q2, Q3, Q5, Q7):
1. A Q4 that will fit between Q3 and Q5. It will be a compact SUV (segment C) with a thermal engine that will take on the style of the TT Off-road Concept presented at the Beijing show in 2014. It will have the design of a coupe and an SUV. This future model will start production in 2019 at the Hungarian site of Gyor, where the TT coupe is manufactured and where Q3 will be manufactured from 2018 on.
2. A Q6 that will fit between Q5 and Q7. It will be an E-segment SUV with 100% electric powertrain that will take on the style of the Concept e-Tron Quattro presented at the Frankfurt fair in 2015. This future model will start production in 2018 at the Belgian site in Brussels where the Audi A1, whose production will be transferred to the Spanish site of Martorell, is currently manufactured.
3. A Q8 that will crown the range above the Q7. It will be a F-segment SUV with an internal combustion engine that will take on the style of the Q8 Sport Concept presented at the Detroit show in 2017. This future model will start production in 2018 at the Slovak site in Bratislava, where the Audi Q7, as well as the Volkswagen Touareg are manufactured.
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Buick unveils the second generation of the Enclave
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Buick unveils the second generation of the Enclave
- Buick unveiled the second generation Enclave SUV which is the largest model of the brand in the United States. The first generation was launched in 2007 and restyled in 2013. It shared its platform with that of the GMC Acadia (launched in 2006) and Chevrolet Traverse (launched in 2008). These were replaced in 2016 and 2017, respectively, and it is the turn of the Buick Enclave to be replaced, using the new 130 kg lighter platform also used by the GMC and Chevrolet models.
- In the Buick range, the new SUV Enclave will be located above the SUV Encore (4.28m) and Envision (4.67m). Unlike the Envision model (produced in China), the Enclave will continue to be manufactured in the United States on the same site as previously (Lansing - Michigan), which is also the site of the Chevrolet Traverse.
- While the Chevrolet Traverse is planned for 130,000 units per year and the Acadia GMC at 110,000 units per year, the more expensive Buick Enclave should not exceed 80,000 units per year, according to Inovev.
- The new Buick Enclave will feature the most powerful engines of the Traverse-Acadia-Enclave trio as it will eschew the 2.0-litre petrol and 2.5-litre petrol engines with 194hp, to adopt the V6 3.0-liter bi-turbo petrol and 3.6 liters petrol with 310hp.
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Russian market increases in the first quarter of 2017
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Russian market increases in the first quarter of 2017
- After four years of uninterrupted decline, the Russian market finally seems to be rallying in the early part of 2017, since in the first quarter it has reversed the trend and is growing by 1.1%, which is a modest , but is nonetheless the first quarterly increase since 2012.
- As a result, manufacturers' forecasts in Russia have been adjusted upwards and show a market of 1.5 million units (VP + LCV) for 2017, against a market of 1.425 million units in 2016 and 1.6 million in 2015.
- Inovev for its part maintains its growth scenario published at the beginning of the year with a 2017 market at + 5%.
- However, not all manufacturers are faring alike :
• Some experienced increasing sales in the first quarter of 2017 : Mazda (+ 15.2%), PSA Group (+ 13.2%), Hyundai-Kia Group (+ 8.7%), Renault-Nissan Group (+5.6% with +8% for LADA, Russia’s leading brand), Tata Group (+ 4.8%), GM Group (+ 4.7%), Volkswagen Group (+ 1.8%).
• Others saw their sales continue their decline in the first quarter of 2017: Ford Group (-3.8%), BMW Group (-6.2%), Toyota Group (-8.5%), Daimler Group (-11, 7%), FCA Group (-16.6%), Geely Group (-40.0%).
- Renault-Nissan remains largely the leader of the Russian market with 36.5% of PDM in the first quarter of 2017.
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US Market is down in the first quarter of 2017
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US Market is down in the first quarter of 2017
- The US market is down (- 1.4%) in the first quarter of 2017, a modest decline but it is the first since 2010. It could be possible that the US market will decline over the whole of 2017 after seven years of uninterrupted growth. Inovev nevertheless maintains its two growth scenarios for the year 2017, published at the beginning of the year (see graph below).
- In the first quarter of 2017, the 6.5% increase in sales of light trucks (SUVs, Pick-up, pickup trucks) could not quite compensate for the 12.4% decline in sales of passenger cars (sedans, station wagons, coupes, cabriolets).
- The share of light trucks in US vehicle sales thus increased from 58% in the first quarter of 2016 to 63% in the first quarter of 2017, while that of passenger cars decreased from 42% to 37% at the same time. Sales of light trucks could soon reach two out of three sales, which has never happened to date.
- Manufacturers that continued to grow in the first quarter of 2017 were Tesla (+ 35.9%), Tata Motors (+ 21.1%), Volkswagen Group (+ 9.0%), Subaru (+ 9.0% ), Mazda (+ 6.8%), Renault-Nissan (+ 4.8%), Daimler Group (+ 3.9%), Honda Group (+ 2.1%), GM Group (+ 0.9%), BMW Group (+ 0.6%). Manufacturers that lost market share include: Ford Group (- 4.4%), Toyota Group (- 6.4%), FCA Group (- 7.1%), Hyundai-Kia Group (- 7.2%) and Geely Group (- 29.8%).
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Borgward will double production capacities in 2018
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Borgward will double production capacities in 2018
- Borgward, which was relaunched by China's BAIC last year, will double its production capacity in China from 201,000 vehicles a year in 2017 to 360,000 a year in 2018. Since last fall, in its Miyun plant (in the suburbs of Beijing), Borgward has been producing the BX7 (D Segment SUV), at 6,500 units a month (i.e. 80,000/year), and will launch the BX5 (segment C SUV). Several other models will subsequently be launched.
- In addition, Borgward confirms the construction of a factory in Germany in 2017, located in Bremen, the historic site of the Borgward brand, which manufactured more than one million cars between 1931 and 1961.
- The brand intends to return to Europe with 100% electric vehicles. The first model produced in Bremen will therefore be a 100% electric version of the BX7. The Borgward plant in Bremen will be the first automotive production site created in Germany since the opening of the BMW and Porsche factories in Leipzig some fifteen years ago. The new Borgward plant in Bremen will be calibrated for a production of 10 000 electric cars a year, i.e. a volume twice that of the recently closed plants of Great Wall in Bulgaria or MG in Great Britain.
- The challenge for Borgward is whether European customers will consider them as either a German brand or a Chinese brand, which will make for very different results.
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