SAIC wants to re-launch the MG brand in Europe
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SAIC wants to re-launch the MG brand in Europe
- The Chinese group SAIC, which owns the Roewe (ex-Rover) and MG brands, wants to revive the MG brand in Europe as of 2019. Sales of MG in Europe under the control of SAIC were achieved between 2013 and 2016, thanks to the models produced at the MG-Rover plant in Longbridge (United Kingdom). Over 8,000 units were manufactured there during this period, but production ceased in August 2016, due to sales considered too low and the manufacturer ‘s refusal to adapt its engines to Euro-6 standards.
- The return of the MG brand in Europe will therefore be with 100% electric vehicles, as for Borgward (which plans to achieve 10,000 sales per year from its Bremen plant). According to SAIC, European environmental standards for thermal engines require too much investment. A first, 100% electric new generation MG was presented at the Shanghai Motor Show in April 2017, which will give birth to the first MG model launched in Europe in 2019. It is a medium-sized coupe capable of carrying four passengers, with 500 km autonomy. Compared to the previous MGs sold in Europe (and those still sold in China), the new model is much more upmarket, very close to Premium category. Perhaps this is SAIC's new strategy to succeed with the MG brand in Europe, learning from past failures.
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Chinese Market Increase of 5% in First Quarter of 2017
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Chinese Market Increase of 5% in First Quarter of 2017
- After 15% growth in 2016, the Chinese market seems to be slowing down and be moving towards still strong but lower growth throughout 2017. The Chinese market grew 5.1% in the first quarter of 2017. It should therefore approach the 30 million units this year (new record), accounting for one third of the world market.
- The OEMs fared very differently:
• Some saw their sales increase significantly in the first quarter of 2017: Geely Group (+ 110%), SAIC-Roewe-MG Group (+ 105%), FCA Group (+ 75.9%), Daimler Group (+ 29.6%), Mazda Group (+ 31.3%), Honda Group (+ 29.7%), Dongfeng Group (+ 29.6%) and the Renault-Nissan Group(27,1%) , Toyota Group (+ 12.7%), Great Wall (+ 9.1%), BAIC Group (+ 7.8%) and Changan (+ 6.2%).
• Other manufacturers saw their sales fall in the first quarter of 2017: GM Group (-0.7%), Volkswagen Group (-0.9%) due to a 12% fall in Audi sales, Chery (-7,5%) , BYD (-10,9%) Ford Group (-19.4%), Suzuki (-22.9%), Hyundai-Kia Group (-25.9%) and PSA Group (-45.8%).
- The two leaders remain by far VW and GM, but the former third player Hyundai-Kia, which fell sharply in the first quarter of 2017, was surpassed by Honda, Geely, Toyota, and Renault-Nissan.
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Read more... Chinese Market Increase of 5% in First Quarter of 2017
Lincoln unveils the new Navigator SUV
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Lincoln unveils the new Navigator SUV
- Lincoln (Ford's premium subsidiary) unveiled the new generation of the Navigator, SUV a luxurious version of the Ford Expedition, the biggest SUV in the history of the brand since its inception in 1997.
- This model is in its fourth generation (the previous one was in 2007) and it is still based on the platform used by the F-Series pickup that was renewed in 2015. The Navigator also has an aluminum body In white. This large SUV is traditionally the direct competitor of the Cadillac Escalade which is based on the platform used by the Silverado pickup.
- The Lincoln Navigator, like the Ford Expedition, is manufactured at the Louisville (Kentucky) site since 2009. It was previously manufactured at the Wayne (Michigan) site.
- The new generation Lincoln Navigator succeeds a model that had reached nearly 12,000 sales in 2016 (against 15,000 in 2015). The sales figures achieved by the previous generation (2008-2017) are however quite different from those recorded before 2008 (26 000 units in 2007 and even 30 000 units in 2005) but Inovev thinks that 20 000 sales could be reached again in 2018, with a US market expected to maintain or grow slightly depending on the scenarios.
- The Lincoln Navigator will, as in the past, be marketed only in North America.
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The European PC Market Grew 8,2% in the First Quarter of 2017
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The European PC Market Grew 8,2% in the First Quarter of 2017
- Following 6.5% growth in 2016, the European market for passenger cars (PC) increased by 8.2% in the first quarter of 2017. It is still too early to say whether this growth will continue over the whole year. However, at this rate, the market could reach 16 million units by 2017 (a level never seen since 2007).
- Most OEMS have seen their sales increase in the first quarter of 2017: PSA Group (+ 71.6%), Suzuki Group (+ 30.0%), Tata Group (+ 9.2%), BMW Group (+6.0%), Renault-Nissan Group (+ 11.0%), Hyundai-Kia Group (+ 10.1% 7%), Volkswagen Group (+ 4.8%).
- Two manufacturers’ sales decreased in the first quarter of 2017: Mazda (-5.4%) and Honda (-11.6%).
- The market leader remains Volkswagen ahead of PSA, which becomes second through the acquisition of the Opel and Vauxhall brands. This leaves the Renault-Nissan group in third position in Europe.
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Read more... The European PC Market Grew 8,2% in the First Quarter of 2017
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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Read more... Audi will add 3 new models to its SUV product line
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