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Among metal price slump, aluminum keeps momentum due to automaker investments


While the global economy is worried that prices are falling for numerous commodities, among metals the aluminum is climbing as a bright spot because of the carmakers’ need to develop lightweight vehicles to increase fuel –efficiency. The copper prices have so far this year dropped 14 percent and iron has fallen 7.7 percent – while aluminum is slightly up, by 0.1 ...
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BMW to increase i8 production
The German based automaker BMW will be increasing the production of the i8 in order to reduce the waiting time for the impressive ride. Despite not being exactly what you may ...
UK: car output could miss forecast on slow exports
According to the latest prediction coming from the Society of Motor Manufacturers and Traders (SMMT), British automotive production might miss its early forecast of full-year production total of 1.59 million ...
US: gas prices drop, so does alternative vehicle sales
With average nationwide gasoline prices now hovering below the $3 a gallon mark for the first time in years, US buyers are reverting to their old habit of shopping pickup ...
Tesla announces third-quarter loss but the stock rises on future promises
The California-based electric car company had an adjusted profit of 2 cents per share, but the company still posted a $75 million net loss and decided to trim down its ...
US: eco vehicles impacted by declining gasoline prices
Many people opt for the pricier alternative-fuel vehicles to also benefit from the lower fuel consumption, not just to save the planet. But now, as gas prices are dropping everywhere ...
US demand brings production constraints at Hyundai
According to the Hyundai US unit boss, Dave Zuchowski, the insatiable customer demand for the South Korean’s crossover models has led to the absolute need to build a new assembly ...
US: Chevrolet hopes to spur sales with new pickup editions
Chevrolet just introduced the latest Rally special editions for its full-size Silverado pickup. The brand hopes the new introduction can broaden the appeal of the truck – as pickups have ...
Russia: auto sales fall sped up by new economic sanctions
The country’s new car market, once mulled to dethrone Europe’s No.1 – Germany – has been hit by economic weakness, dwindling consumer confidence and now harsh sanctions from both the ...
China: GM shifts strategy to cater for larger family cars demand
The central government in Beijing is almost ready to relax its long running one-child policy, and automakers in the country are swiftly moving to take advantage of the rising demand ...

latest automotive news
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