NADA End-of-Day Automotive News Recap - January 25, 2019: 16.8 Million New Car Sales Projected; Ford; GM EV; VW Battery Purchase
NADA projects U.S. sales of 16.8 million new light vehicles in 2019. And sales should plateau in the mid-16-million vehicle range for the three years after that, NADA senior economist Patrick Manzi said Friday at the NADA Show. "We do believe we can sustain this solid volume for several years," Manzi said.
Source: Automotive News
Ford Motor Co. Chief Executive Jim Hackett told employees late on Thursday the No. 2 U.S. automaker would not accept last year’s “mediocre” results and said the company was aiming to nearly double its annual operating profit.
With its CEO setting a goal of going 100 percent electric, General Motors is taking a close look at how, if not when, to offer an all-electric SUV, according to the head of the automaker's GMC truck brand.
Volkswagen’s electrification goals don’t just include pumping out millions of cars — the German giant is now also getting into the battery game with gusto. VW made two big announcements Friday.