Categories
Home Based Business

Move over Mercedes: Chinese cars grab Mexican market share [Video]

The growing popularity of Chinese sport utility vehicles and pickup trucks has shaken up Mexico’s luxury car market, hitting sales of traditionally dominant brands such as Mercedes-Benz and BMW.

According to industry experts, Mexicans are increasingly switching from traditionally dominant sedans to Chinese vehicles due to a combination of comfort, technology and price.

It is no small feat in a country home to factories of foreign brands such as Audi and BMW, and where until a few years ago imported Chinese cars were stigmatized, as in other parts of the world.

According to the Mexican Association of Automotive Distributors (AMDA), the high-end segment of the market registered a sales drop of 8.1 percent from January to November.

Audi’s sales slumped by 21.9 percent, while BMW, which includes the Mini brand, saw no growth in Latin America’s second-largest economy, home to 129 million people.

Mercedes-Benz suffered a 9.8 percent decline, according …

Watch/Read More
Categories
Home Based Business

New Mexico woman's childhood home burns down in Hobbs [Video]

OUR FREE APP. A NEW MEXICAN WOMAN LOSES HER CHILDHOOD HOME AFTER IT BURNED DOWN IN HOBBS. SHE TELLS ALYSSA MUNOZ. THIS HAPPENED WHILE HELPING OTHERS IN HER COMMUNITY GO THROUGH THE SAME THING. BUT IN CALIFORNIA. SASHA JASMINE BAEZA SAYS WHILE THE CALIFORNIA FIRES DIDNT REACH HER DOORSTEP, SHE STEPPED UP TO HELP OTHERS IN HER COMMUNITY WHO HAVE BEEN AFFECTED. NOW, WHAT SHE DIDNT REALIZE IS THAT SHED ALSO BE HELPING HER FAMILY DO THE SAME THING MILES AWAY. EVERYBODY WAS WORRIED ABOUT ME IN LOS ANGELES, AND IT TURNED OUT THAT WE LOST A HOME BACK HOME IN NEW MEXICO. LOS ANGELES IS JASMINE BAEZS HOME AWAY FROM HOME FOR THE LAST 12 YEARS. SHE, LIKE MANY, WATCHED AS FIRES BURNED DOWN COMMUNITIES NEAR HER. IT WAS REALLY SCARY TO SEE THE FACT THAT THESE FIRES WERE RAVAGING THROUGH HOMES AND LAND, ACRES AT A TIME. IT TOOK, I THINK, OVER 5 TO 6 DAYS BEFORE THEY STARTED TO GET ANY CONTAINMENT ON THESE FIRES. A FEW DAYS LATER, BAEZA GOT A CALL. HER FAMILY WAS SEEING SIMILAR FLAMES MILES AWAY. I WAS JUST IMMEDIATELY SHOCKED. UPSET, CRYING. BUT MY GRANDMA WAS SAFE. MY GRANDPA WAS SAFE. A HOME BUILT 30 YEARS AGO BY HER GRANDPA AFTER IMMIGRATING HERE. GONE. WERE ALL REALLY UPSET THAT THE. ALL THE MEMORIES THAT WE BUILT WITHIN THAT HOME ARE GONE. SHE HAD THAT HOUSE SO MANY DIFFERENT COLORS LIKE GREEN, YELLOW, ORANGE, PINK. IT WAS JUST OUR LITTLE MEXICAN OASIS ON THE SOUTH SIDE OF TOWN. NOW SHES SEEING WHATS LEFT OF HER CHILDHOOD HOME THROUGH FACETIME. OFFICIALS SAY THE FIRE WAS CAUSED BY A HEATER THAT WAS PLUGGED IN OVERNIGHT. AT THE END OF THE DAY, EVERYBODYS GRATEFUL, FEELING A BUNCH OF DIFFERENT THINGS. AND LIKE I SAID, WERE NOT FACING CHALLENGES LIKE WILDFIRES STILL GOING. SO FOR ME, THATS BEEN A LITTLE DIFFERENT WHERE IT JUST FEELS LIKE THIS HASNT THAT WE HAVENT REACHED A COMPLETE STOP. BUT ON THE BRIGHT SIDE, THEY DO HAVE A LOT MORE CONTAINMENT ON THE FIRES OUT HERE. AND THAT WILL ALSO HELP MY FAMILY FEEL BETTER. BAEZA SAYS HER FAMILY HAS GOTTEN A LOT OF SUPPORT FROM THE COMMUNITY, AND GLAD EVERYONE WAS ABLE TO GE

Categories
Home Based Business

BMW Manufacturing set to build 6 fully electric models by 2030 [Video]

The excitement inside of BMW Manufacturing's Plant Spartanburg was high as the first vehicles rolled onto the newly expanded assembly line on Thursday morning. WYFF News 4 was given an exclusive look. To watch the story, click on the video above. The nearly $2 billion upfit expanded the assembly hall by more than 50 percent and will allow for the assembly of fully electric, hybrid and internal combustion engines. That diversity is part of BMW's "Technology Openness Approach." WYFF News 4 was also granted an exclusive interview with Oliver Zipse, chair of the Board of Management BMW AG.He said that strategy is all about the quality of the vehicle and the brand."Whether it's highly efficient combustion engines, whether it's plug-in hybrid, or fully electric, or even M models, we make that independent of the drivetrain, and customers have a choice. I think our current model success shows that we don't tell people what to buy, we supply what they want. We manage the complexity behind it, and we will continue that strategy here in Spartanburg," Zipse said. The expansion will enable BMW to build at least six fully electric models by 2030, and the high voltage batteries to fuel those vehicles will be assembled right down the street in Woodruff. Our tour gave us another exclusive peek today inside "Plant Woodruff," which is one year from completion. Zipse visited the plant for the first time since announcing the plan in 2022.He said he's pleased with the progress."We believe first of all in the technology, second that people would like to contribute for local value added and especially in the highly valued and very expensive electric drive train. So that is a big step for us, but also a big step for our customers," Zipse said. It's hard to overstate the economic value of South Carolina's relationship with the BMW Group for the past thirty years. The group has invested more than $14.8 billion and is now completing its seventh expansion. According to the Darla Moore School of Business at USC, the annual overall economic impact of BMW in South Carolina is $26.7 billion.Zipse said South Carolina feels like a second home."Now, 30 years later, we are the largest exporter in value of vehicles from the United States, so we are not only supplying the local market, we supply the world with our vehicles, and because we are investing, we see a grand future here in South Carolina for the world," Zipse said. He points to the company motto as the BMW Group and South Carolina look to the next 30 years, "Building Legacy - Driving Future."