Latest news with #Q8
Mint
02-05-2025
- Automotive
- Mint
Audi India just got more expensive: Here's what is changing after May 15
Audi India has announced a price hike of up to two per cent across its entire lineup, effective May 15. The German luxury carmaker cited increasing input costs and currency fluctuations as key reasons behind the decision, according to a report byHT Auto. Balbir Singh Dhillon, Head of Audi India, commented on the development: 'We are implementing a price adjustment of up to 2 per cent due to increase in the exchange rate and input cost. This correction is essential for Audi India and our dealer partners to ensure sustainable growth. We remain committed to minimising the impact of the price hike on our valued customers.' The brand's current lineup in India includes popular models such as the A4, A6, Q3, Q3 Sportback, Q5, Q7, Q8, S5 Sportback, RS Q8, as well as electric offerings like the Q8 e-tron, Q8 Sportback e-tron, e-tron GT, and RS e-tron GT. Meanwhile, in a significant stride towards bolstering electric vehicle infrastructure, Audi India has expanded its charging network to more than 6,500 charging points across the country. This milestone was achieved under the second phase of its 'Charge My Audi' initiative. The company partnered with 16 additional infrastructure providers, resulting in over 5,500 new charging stations installed across highways, urban hubs, and commercial venues. More than 75 per cent of these sites are equipped with DC fast-charging technology. All new charging stations have been integrated into the 'myAudi Connect' mobile app, offering users real-time updates on charger availability, route planning, and remote charging control. The network now spans 28 states and union territories, covering more than 850 cities and 4,700 locations. To recall, Audi India reported a 17 per cent rise in sales for the first quarter of 2025, delivering 1,223 vehicles between January and March. The company credited the robust demand for its Q7 and Q8 models, alongside steady performance across its entire range, for the growth. First Published: 2 May 2025, 09:26 PM IST
Hans India
02-05-2025
- Automotive
- Hans India
Audi India to raise prices by up to 2 pc due to hike in exchange rate, input cost
German luxury car manufacturer Audi India on Friday announced a price increase of up to 2 per cent across its model range, due to hike in the exchange rate and input cost. The ex-showroom price of models will increase up to 2 per cent from May 15 onwards, said the automaker in a statement. 'We are implementing a price adjustment of up to 2 per cent due to increase in the exchange rate and input cost,' said Balbir Singh Dhillon, Head of Audi India. 'This correction is essential for Audi India and our dealer partners to ensure sustainable growth. We remain committed to minimising the impact of the price hike on our valued customers,' he added. Audi India reported sales of 1,223 units in the first quarter of 2025, marking a 17 per cent increase compared to the same period last year. The growth was attributed to Audi's diverse product portfolio and improved supply chain stability. Popular models driving the sales included the Audi Q7 and Q8. The company's pre-owned car business, 'Audi Approved: plus', also showed significant growth with a 23 per cent increase compared to Q1 2024. Dhillon had said that the growth 'underscores the confidence our customers have in brand Audi and the strength of our product portfolio'. The German luxury carmaker sold 5,816 units in India in 2024. Moreover, the automaker reached the milestone of selling 100,000 units in the country. The 'Audi Approved: plus' registered a strong 32 per cent growth in 2024 compared to the previous year. With improved supplies in the second half of 2024. the volumes improved by 36 per cent in the fourth quarter compared to the previous quarter. With 26 facilities across major hubs in India currently, the brand plans to expand this network further to meet the rising demand for pre-owned luxury cars.
Yahoo
23-04-2025
- Automotive
- Yahoo
Most automakers report sales gains in Q1
This story was originally published on Automotive Dive. To receive daily news and insights, subscribe to our free daily Automotive Dive newsletter. General Motors outpaced its competition the first three months of the year, selling 693,363 vehicles in Q1, a 17% year-over-year increase. The automaker was bolstered by a 94% YoY increase in EV sales. Chevrolet brand EV sales jumped by 119% YoY, led by the Equinox and Blazer EVs. Sales of electric Cadillac models also increased 37% over Q1 last year. GM said Q1 pickup truck sales were their best since 2007 with GM-brand models representing about 40% of all domestic truck sales in the quarter. 'GM's sales growth outpaced every other major automaker, and the driving force is our portfolio,' Rory Harvey, EVP and president of global markets, said in a statement. 'We're the industry leader in trucks and affordable small SUVs, Cadillac is growing significantly in luxury, and we have the broadest portfolio of EVs in the industry.' Audi of America sold 42,710 vehicles in Q1, a 3% YoY drop. Sales of the A4 sedan tumbled 84% to 403 units compared to a year ago. The automaker's luxury Q8 SUV sales soared 71% for the quarter with 3,065 units. Audi said it closed March with an 8% sales improvement from the same month last year. BMW of North America finished Q1 with 84,475 sales, a 3.7% YoY increase. Sales of EVs increased 26.4% YoY to 13,538 units, led by the iX SUV with sales of 3,626 units. Passenger cars accounted for 43,619 of it vehicle sales in Q1, a 12.7% increase from a year ago. 'We are pleased to report a strong result for Q1, and with that a great start to 2025,' Sebastian Mackensen, president and CEO, BMW of North America, said in a statement. 'BMW remains in a strong position in the U.S., where the majority of the vehicles we sell in this market are also assembled in this market.' Ford Motor Co. reported sales of 501,291 vehicles, a 1.3% YoY drop. The automaker's top performer was its F-Series pickup models, with sales of 190,389 units, a 24.5% YoY improvement. Sales of the Ranger soared 677.5% in Q1 to 14,913 units. Ford's SUV sales tumbled 16.7% from a year earlier, while car sales also declined sharply to 9,377 units, a 31.6% drop in the quarter. Ford's electrified line up, which includes both EVs and hybrids, jumped by 25.5% in Q1, representing 73,623 units of the automaker's total quarterly sales. Mercedes-Benz USA reported Q1 sales of 75,100 vehicles, a 1% YoY increase. Passenger cars represented a majority of sales with 67,400 units while vans made up with the rest with 7,700 units. 'We closed Q1 in a very strong position for wholesale group sales and celebrated our best-ever March in MBUSA's history for retail sales,' Dimitris Psillakis, president and CEO and head of marketing and sales of Mercedes-Benz USA, said in a statement. 'With an established longstanding legacy in the U.S. and a significant footprint and investments in both manufacturing and the retail service business, together with our dealers we will work tirelessly to make the best decisions for our customers and the business to proudly represent the three-pointed star in the communities we call home.' Nissan Motor Co. sold 267,085 vehicles in Q1, up 5.7% from the same period last year. The automaker credited the sales lift to strong performance of its under $30,000 lineup including the Versa, Leaf, Kicks and Murano. Sales of the entry-level Versa sedan increased 156% YoY. The Nissan lineup offset declines for the Infiniti luxury line, which fell 5.3% with 13,165 units sold. Rivian Automotive said it produced 14,611 vehicles in Q1 and delivered 8,640 during the quarter. The automaker said its production totals are in line with projections discussed during its previous earrings call. Rivian reaffirmed its prior forecast of delivering between 46,000 and 51,000 vehicles in 2025. Stellantis' FCA US division reported a 12% YoY sales decline in Q1 with 293,225 vehicles sold. Despite the overall sales decrease, brands including Chrysler, Ram and Jeep reported gains during the quarter while Fiat's U.S. sales increased 239%, driven by sales of the all-electric 500e. "We've seen consecutive monthly market share growth since January, in addition to retail growth momentum, with the right mix of pricing and incentive actions put in place at the end of last year, leading both Jeep and Ram brands to post their best retail months of the year this March,' Jeff Kommor, head of U.S. sales, said in a statement. Tesla said it produced 362,615 vehicles in Q1, down 16.3% from 433,371 units reported the same period a year ago. Deliveries were dominated by the 3 and Y models, representing 345,525 units. Other model sales totaled 17,161 units. Toyota Motor North America reported Q1 sales of 570,269 vehicles, up 0.9% YoY. TMNA ended the quarter strong with sales of 231,335 vehicles in March, a 7.7% YoY increase. Quarterly sales of electrified vehicles totaled 288,796 units, up 39.6% YoY. Its luxury Lexus brand had its best Q1 ever with sales of 83,043 vehicles, up 5.8% YoY. 'We continue to see steady sales from our Toyota and Lexus brands due in part to improved inventory levels and new models like the Toyota 4Runner and Lexus LX hybrid,' EVP and COO Mark Templin, said in a statement. Volkswagen of America Q1 sales totaled 87,915 units, up 7.1% YoY. The automaker said the Jetta sedan was its top seller with 17,778 units, a 36.5% YoY increase. Sales of the ID.4 EV jumped 24.3% to 7,663 units. Recommended Reading Tracking US auto sales by month Sign in to access your portfolio
Yahoo
28-03-2025
- Automotive
- Yahoo
Audi Hints at a Gloomy 2025
Audi reveals 2024 production and financial figures, painting a picture of a notable decline compared to the prior year. The automaker's closure of a Brussels, Belgium, plant early in 2025 came after a historic realignment by the VW Group and its labor unions in late 2024. Audi expects 2025 to be a "difficult financial year," citing a challenging and uncertain business environment. Audi endured a challenging 2024, which saw something rare for the marque and for Europe's auto industry as a whole: plans for the closure of a factory. The Brussels, Belgium, plant that built the Q8 e-tron and its Sportback twin was shuttered at the end of February, with Audi having been unable to find a buyer for the complicated site. The automaker had blamed a global decline in orders for the large electric model throughout 2024, but the location of the plant near the city center had also played a role, making retooling for a different model prohibitively expensive. After considering all the options, Audi made the decision to close the plant last December, just as the VW Group wrapped up a historic round of reorganization on a scale not seen for the Group in decades. "Global economic changes and intensified international competition are posing major challenges to Audi and the industry as a whole," said Audi CEO Gernot Döllner. "We are facing this reality with the courage to break new ground and with confidence in our traditional strengths." Audi now says that 2025 might be equally tough, with the automaker forecasting weaker overall growth than in the previous 12 months. "Audi expects 2025 to be another difficult financial year in what will continue to be a volatile and challenging environment," the automaker said in recapping its 2024 results. Vehicle deliveries fell from 1,895,240 in 2023, to 1,671,218 in 2024 for the Audi brand. Operating profit dropped from €6.2 billion to €3.9 billion ($6.7 billion to $4.2 billion) over the same time period for the Audi Group, which also includes Bentley, Lamborghini, and Ducati, seeing one of the sharpest drops in recent memory. 'Amid a difficult environment with intensified competition and a sluggish economy, we kept Audi on track in 2024 and closed out the year on financially sound footing,' said CFO Jürgen Rittersberger. 'However, we still have a tough road ahead of us." But Audi has new models on the way, with the automaker sketching out the outlines of the next two years when it comes to its global plans. The A6 e-tron is on the way stateside later this year, as part of a larger product offensive. In all, the automaker is on track to launch 20 new models over the course of 2024 and 2025, with half of them being battery-electric models. The US market in particular will see 10 new models between the start of the year and through the end of 2026, including a new A6, as well as new A5 and Q5 models. When it comes to its offerings in China—the single largest EV market by a comfortable margin—Audi recently kicked off production of the Audi Q6L e-tron along with longtime partner FAW, with more models on the way. "We are also placing special emphasis on our positioning in the core markets of China and North America," Döllner added. "At the same time, we are working intently on creating more efficient structures throughout the entire company, with a view to getting innovations onto the road faster." Audi is also one of the automakers expected to be affected the most by the new tariffs aimed at imported vehicles in the US, as Audi almost no North American manufacturing presence. The only exception is the Q5, which is built in Mexico. A handful of others are built outside Germany, including the Q7 and Q8 that are produced in Slovakia. The new tariffs, if they enter into force and remain so for the rest of the year, will certainly affect Audi and its corporate parent's 2025 financial results in the US, though the effect on consumers and sales volumes has yet to be fully gauged. Will tariffs on imported models produced by German automakers make a severe dent in the companies' US sales, or will the buyers of those models not be dissuaded much as they were pricey to begin with? Let us know what you think in the comments below.
Yahoo
27-03-2025
- Automotive
- Yahoo
How 25% Tariffs on All Imported Cars Will Affect Every Model
Having flip-flopped on subjecting all goods (including cars and car parts) from Canada and Mexico to 25 percent tariffs, the White House has now announced a new 25 percent tariff will be applied to all vehicles and auto parts imported into the United States from any country. Despite messaging from the White House that these tariffs will increase domestic auto production, the reality is that new factories take years of planning and building, along with billions of dollars of capital. With nearly half of all cars sold in the United States each year imported and roughly 60 percent of car parts imported before final assembly in the United States, the implementation of these tariffs will place an enormous price burden on consumers. The vast majority of those imports come from Canada and Mexico, with many covered under the United States-Mexico-Canada Agreement (USMCA) signed in 2019. Even for vehicles with final assembly in the United States, every 2025 model sold in the U.S. gets at least 15 percent of its parts from outside the country, according to the Department of Transportation's American Automobile Labeling Act data. To give a clear picture of how widespread the effects of these new tariffs will be, we've compiled a list that shows where each model sold in the United States is built. The majority of Acura's lineup is assembled in the United States, though the new ADX SUV is built in Mexico. Audi's entire lineup will be subject to the new 25 percent tariffs. The A3, A4, A5, A6, A7, and A8 lineups are all built in Germany along with their performance submodels. As are the Q4 and Q6 e-tron lineups and the e-tron GT. The Q3 is built in Hungary, the Q5 in Mexico, and the Q7 and Q8 in Slovakia. The Q8 e-tron and SQ8 e-tron lineups are built in Belgium. Alfa Romeo's full lineup is built in Italy and will be subject to increased tariffs. Aston Martin builds all of its vehicles in the United Kingdom, meaning the full lineup will be affected by the new tariffs. Bentley's full lineup is built in the United Kingdom and will be subject to the new tariffs. The BMW 2-series coupe, M2, and 3-series sedan are built in Mexico. The company has promised to absorb the increased cost of tariffs on those models through May 1. The 2-series Gran Coupe, 4-series, i4, 5-series, i5, 7-series, i7, 8-series, 8-series Gran Coupe, iX, M3, M4, M5, M8, X1, and X2 are all built in Germany. The Z4 is built in Austria. The company builds most of its SUVs in the United States, meaning the X3, X4, X5, X6, X7, and XM won't be subject to 25 percent tariffs, though their prices will likely still rise because each uses parts imported from outside the United States. The Buick Enclave is built in the United States, though the rest of Buick's lineup, including the Encore GX, Envision, and Envista, are built elsewhere and will be affected by tariffs. The Cadillac Optiq is built in Mexico, though the rest of Caddy's lineup rolls off U.S. production lines. Chevy builds the Blazer, Blazer EV, Equinox, and Equinox EV in Mexico. The Trailblazer is assembled in Korea and the Silverado pickup truck is built in both the U.S. and Mexico. The rest of Chevy's lineup is built entirely in the United States. Chrysler builds the Pacifica and Voyager vans in Canada, meaning both vans will become more expensive. Dodge builds the Charger Daytona EV and will soon build the Charger Sixpack at its production facility in Brampton, Ontario, Canada. The Hornet SUV is built in Italy, and the Durango SUV is built in Detroit. Ferrari builds its cars exclusively in Maranello, Italy, meaning they will be subject to the new tariffs. Fiat builds the 500e in Torino, Italy. Ford builds the Bronco, Escape, Expedition, Explorer, F-150, F-150 Lightning, Mustang, and Ranger in the United States. The Bronco Sport, Maverick, and Mustang Mach-E are built in Mexico. GMC builds the Terrain SUV and some Sierra pickup trucks in Mexico. The rest of its lineup is built in the United States. Hyundai builds the GV70 and GV70 EV in the United States. The rest of its lineup is imported from Korea. Honda builds the Accord, Odyssey, Passport, Pilot, and Ridgeline in the United States. The Civic Type R hatchback is imported from Japan, with the rest of the Civic lineup's production split between the U.S. and Canada. The CR-V lineup is similarly split between the U.S. and Canada. Hyundai builds the Ioniq 5, Santa Cruz, and Santa Fe in the United States. Tuscon production is split between the U.S. and Mexico. The rest of Hyundai's lineup is imported from Korea. Ineos imports both the Grenadier and Grenadier Quartermaster from outside the United States. Infiniti builds the QX50 and QX55 in Mexico, the QX60 in the United States, and the QX80 in Japan. Jaguar's 2025 lineup consists solely of the F-Pace SUV, which is imported from the United Kingdom. Jeep builds the Compass and Wagoneer S in Mexico. It also has plans to build the upcoming Recon EV in Mexico. The rest of Jeep's lineup is scattered throughout the United States. Kia builds the EV6, EV9, nonhybrid Sorento, some nonhybrid Sportages, and the Telluride in the United States. The Carnival, K5, Niro lineup, Seltos, Sorento Hybrid, Sorento Plug-In Hybrid, Soul, some internal-combustion Sportage models, the Sportage Hybrid, and Sportage Plug-In Hybrid are all built in Korea. The K4 is built in Mexico. Lamborghini's full lineup will be subject to increased tariffs as the company produces all of its vehicles in Italy. Land Rover imports the Defender and Discovery from Slovakia and the rest of its lineup from the United Kingdom, meaning each of its cars will be subject to the increased tariffs. Lexus builds ES and TX models in the United States. The IS, GX, LC, LS, LX, NX, RC, RZ, and UX models are built in Japan. The plug-in hybrid RX450+ is also built in Japan while the rest of the RX lineup is built in Mexico. Lincoln builds the Aviator, Corsair, and Navigator in the United States but imports the Nautilus from China. The only model Lotus currently sells in the United States is the Emira, which is imported from the United Kingdom. Lucid builds the Air sedan and Gravity SUV at its production facility in Arizona. The only cars Mazda currently builds in the United States are the CX-50 and CX-50 Hybrid. The CX-30 and some Mazda 3s are imported from Mexico, while the CX-5, CX-70, CX-90, some other Mazda 3s, and the MX-5 Miata are all imported from Japan. McLaren builds its full lineup in the United Kingdom, so all McLarens will be subject to the increased tariffs. Maserati imports all of its vehicles from Italy, meaning each will be affected by the new tariffs. Mercedes builds the EQE SUV, EQS SUV, GLE, and GLS lineups in the United States. The C-class is imported from South Africa, and the CLA and EQB are imported from Hungary. The G-class is built in Austria, and the GLB in Mexico. Final assembly for the rest of Merc's lineup takes place in Germany. Mitsubishi builds all of its models for the U.S. market in Japan, meaning the full lineup will be impacted by the increased tariffs. Mini builds the Cooper models in the United Kingdom and the Countryman in Germany, meaning all Minis will be subject to the increased tariffs. Nissan builds the Altima, Frontier, Leaf, Murano, Pathfinder, and some Rogues in the United States. The Ariya, Armada, Z, and the remaining Rogues are built in Japan, with the Kicks, Sentra, and Versa imported from Mexico. Polestar imports the Polestar 2 from China. Initial Polestar 3 models were also imported from China, though the company has since shifted production to South Carolina. Initial production for the upcoming Polestar 4 is taking place in China, though the brand has plans to move assembly to South Korea. Porsche imports all of its models from outside of the United States, with production split between Germany and Slovakia. Rivian builds all of its models in the United States, though its R1 models could still see a price hike due to tariffs on imported vehicle parts. All Rolls-Royce models are assembled in the manufacturer's home United Kingdom, meaning they will be subject to increased tariffs. Subaru builds the Ascent, Legacy, Outback, and some Crosstrek models in the United States. The rest of Subaru's lineup is brought in from Japan. All Teslas sold in the United States are assembled here, though prices could still go up with tariffs going into effect on vehicle parts. Toyota builds the Camry, Corolla, Corolla Cross, Grand Highlander, Highlander, Sequoia, Sienna, and Tundra in the United States. The Tacoma is built in Mexico. The rest of Toyota's lineup is built in Japan. Volkswagen builds the Atlas, Atlas Cross Sport, and ID.4 in the United States. The Jetta, Taos, and Tiguan are built in Mexico, leaving the Golf and to be imported from Germany. Volvo builds the EX90 and S60 in the United States. The EC40, EX40, V60 Cross Country, and XC40 are imported from Belgium, with the S90 coming in from China. The rest of Volvo's lineup is built in Sweden. You Might Also Like Car and Driver's 10 Best Cars through the Decades How to Buy or Lease a New Car Lightning Lap Legends: Chevrolet Camaro vs. Ford Mustang!
