Let’s face it: most news providers are trying to make you scared of the right thing. Not us!
China is a juggernaut of cheap cars and nifty tech, but they aren’t at the top of every consumer's shopping list.
There are two ways to maintain relevance: Doing what they do better or doing what you do best.
Let’s do a little of both today, friends!
--
In the first quarter, Germany's premium automakers—BMW, Mercedes-Benz, and Porsche—witnessed stark sales declines in China by 3.8%, 12%, and 24%, respectively, amid supply chain disruptions and model transitions. The dip, reflecting an ongoing struggle to rebound to pre-pandemic prosperity, is exacerbated by heightened competition and a shift towards electric vehicles.
Stellantis, on the other hand, faces its own tumult, with CEO cautioning of potential Italian plant closures amid Chinese automotive incursion. While the Italian government courts Tesla and Chinese entities like Chery Auto to invigorate national car production, Stellantis grapples with declining market presence and sales, jeopardizing existing manufacturing facilities.
Following an accident-involved decision to halt tests, Cruise will resume testing its robotaxis in Phoenix, Arizona, with one important note:
The company hopes to improve its systems before trying to reintroduce passenger services.
Toyota says roads are for cowards with its latest unveiling: a completely redesigned 4Runner SUV, the first in nearly 15 years. The off-road-friendly SUV will be the first of its name with hybrid tech under the hood, pushing Toyota further into the fuel-efficiency conversation and hybrids further into the "powertrain of the future" debate.
While the 4Runner is getting new tech and going off-road, the Land Cruiser is exploring✨options✨.
It won't have an off-road choice, but it will let interested shoppers pick from custom options like a minimalist 1958 Editon, aftermarket goodies, or just go for its big bro, the Lexus GX550. As long as it's a Toyota brand, Toyota doesn't mind.
BMW delivered its one-millionth EV in Q1 2024. They lead the luxury auto segment.
With more collaboration and innovation already announced, it will be interesting to see how long they hold the front spot among luxury brands transitioning to electric options.
--
Feeling informed? Feeling Jazzed? Well, luckily, Jazz and information are two things that get better when you share them. so go be sure everybody on your team is up to date and ready to throw DOWN on a sax solo.