BMW admits that Tesla’s electric push is putting pressure on other automakers
According to a recent Bloomberg report, German automaker BMW has acknowledged the fact that US electric vehicle maker Tesla’s Model 3 electric car is ‘putting pressure’ on the midsize sedan segment of the auto market.
The acknowledgement of the impact of Tesla Model 3 on the midsize sedan segment has recently come from BMW in coincidence with the automaker’s reporting of its latest sales figures in the US. BMW has reported that the sales of its midsize sedans witnessed a plunge in the US in 2018, although its overall sales in the country recorded a marginal increase in the month of September.
The sales of the popular BMW 3 Series sedan have apparently been hit significantly by the increasing sales of Tesla Model 3 in the US.
With Tesla having ramped up its Model 3 production and focusing the deliveries of the vehicle in the US and Canada, BMW’s 3 Series is evidently losing out on its popularity. Tesla had reported in the last quarter that BMW 3 Series sedan was among the top 5 cars which were being traded in by Model 3 buyers.
Admitting that Tesla’s electric push is putting pressure on other automakers in the midsize sedan segment, Bernhard Kuhnt -- CEO of BMW North America -- said during the course of a recent interview: “Tesla is now ramping up their volumes, and it’s putting pressure on that market segment.”
On Tuesday, ride-hailing giant Uber announced the launch of a new pilot program, under which the company will provide cash incentives to some drivers who switch to electric or hybrid vehicles.
US electric vehicle maker Tesla Motors has begun the rollout of a new software update -- ‘2018.24’ -- to its fleet of electric cars this week.
According to the latest electric vehicle (EV) sales report for China for the month of March 2018, the number of EVs sold in the country during the month touched a total of 59,000 units; thereby marking a noteworthy 85% year-on-year increase as com
In a recent announcement made via The Verge, Alphabet’s Waymo division has revealed that it is expanding its self-driving fleet with the addition of 62,000 more units of the Chrysler Pacifica Hybrid minivan.
At the Commercial Vehicle Show scheduled to be held at the NEC in Birmingham (UK) from April 24-26, Volkswagen (VW) will officially introduce the eCrafter --- the company’s new all-electric van.
Tesla electric vehicle owners will now be able to remotely limit the speed of their vehicles, thanks to a new mobile app update which is being released by the automaker alongside a vehicle software update.