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Depressed Sales Force Chinese Carmakers to SUVs

Pushed by strong competition and struggling sales, many of China’s top carmakers are falling back on the tried and true SUV to make their yuan.

One of the primary examples of a automaker changing focus is BYD, a Chinese carmaker that has made a name for itself these last few years in the electric car market. This model year, BYD’s flagship vehicles is a gas-guzzling SUV, the S7. The S7 is not the SUV your mom used to drive. No, it features a hard drive that can hold at least 1,000 Kung Fu movies along with a digital television, radar-assisted backing up technology, and an interior air purifier.

Talking about the packed S7, Isbrand Ho, BYD’s director of export sales, said “We are selling vehicles that have extensive technologies. These are all on … premium models for European marques but we are making it available to the everyday person.”

SUV sales jumped by 20 percent behind the Red Curtain last year. Overall, 18 percent of all vehicle sales are now SUV sales. Industry observers feel that SUV sales could reach 25 percent in China within the next couple of years, which would be double the market share SUVs currently earn in the U.S.

U.S. Factory Production Rises on the Back of Strong Auto Output

Showing that U.S. manufacturing is one of the driving forces behind what may be a recovering economy, auto output lifted American factory production in February. After decreasing by 0.3 percent in January, Factory output increased by a seasonally adjusted 0.8 percent in February with autos and auto parts leading the charge. Autos and auto parts…Continue Reading

2014 Kia Cadenza Raises the Bar for Kia

Kia’s hamster days are dead. Kia, the South Korean carmaker, just recently known for being a cheap imitation of Hyundai, which was itself in many ways a copy of Toyota, first moved from the children’s table with the release and subsequent success of its Optima SXL, has earned a permanent spot with the adults with…Continue Reading

Lee Iacocca becomes Head of Chrysler 33 Years Ago

Thirty-three years ago this September 20, Lee Iacocca, took the helm of the floundering automaker, Chrysler. Iacocca came to Chrysler after being fired at Ford. Chrysler at that time, 1978 and 1979, was a car maker that was losing nearly $1 billion a year. Talking about being made President of Chrysler, Iacocca said, “I knew…Continue Reading