Nissan Motor’s sales of domestic passenger cars dropped by practically half in November – its second straight month of slides following the compliance scandal and its first since it resumed production of vehicles for the home market. Discoveries that Nissan failed to follow correct final inspection treatments for its domestic market vehicles have led to
Volkswagen is moving towards for record group sales this year as the “strong trend” in deliveries is going to continue with November and December figures, CEO Matthias Mueller said. Registrations at the world’s largest automaker including the Audi and Porsche nameplates leapt 8.2 percent in October to 940,800 cars, broadening the 10-month gain to 3.2
General Motors’ Cadillac luxury brand anticipates its China sales to rise 60 percent in this year, faster than it had forecasted at the start of the year, on strong demand from more younger clients, the brand’s country chief stated. The GM premium brand, which observed a sharp spike in sales after it opened its first
Nissan Motor premium brand Infiniti will start producing next year a brand-new crossover sport-utility vehicle in China, its second biggest market after the United States, using existing production capacity in the northeastern city of Dalian. The company did not provide more information about the SUV or just how much it planned to invest in exactly
German automaker Audi anticipates sales volumes in China to increase highly enough in November and December to reverse a 3 percent drop there in the first 10 months of the year. Joachim Wedler, the head of the brand’s Chinese organization, told Reuters on he anticipated a small single-digit percentage increase in full-year volumes in the
New car sales collapsed 12.2 percent in October, marking the seventh consecutive month of decreases and a velocity on the drop of 9 percent recorded the previous month. Falling business and customer confidence was to blame for the decline, Mike Hawes said, the chief executive of trade body the Society of Motor Manufacturers and Traders
Honda Motor on Wednesday raised its projection for full-year operating profit by 2.8 percent as it anticipates to sell more vehicles and bikes this year, especially in Asia, while it likewise sees cost reductions and a weaker yen increasing its bottom line. Japan’s third-biggest automaker prepares for an operating profit of 745.0 billion yen ($6.54
Nissan Motor stated Japan sales of new passenger vehicles probably dropped by half in October from a year ago following the discovery of improper final evaluation procedures at its domestic plants led it to suspend some production. The Japanese automaker discovered last month that uncertified professionals had been performing final evaluations of vehicles for years.
Chinese automaker BYD Co, backed by Warren Buffett’s Berkshire Hathaway Inc, stated on Sunday that its yearly earnings would likely drop by as much as a fifth amid increasing competition in the hybrid and electric car markets. China has set strict targets for automakers to shift to so-called new-energy vehicles (NEVs), triggering a rush of
Volkswagen’s luxury division Audi stated growing expenses for upcoming model launches will weigh on fourth-quarter revenues after third-quarter earnings and profits edged up due to growing auto sales. “With this we are well prepared for a demanding fourth quarter where advance payments for our forthcoming model offensive will end up being more highly obvious,” Audi
U.S. auto sales this month, most likely fell near to 4 percent from the same month in last year, though automakers’ sales were buoyed by replacement of storm-damaged automobiles and record-high consumer discounts, market consultants J.D. Power and LMC Automotive stated. LMC kept its full-year forecast for new vehicles sales in this year of 17.1
PSA Group’s quarterly income increased by nearly a third, the maker of Peugeot and Citroen cars stated on Wednesday, as it added Opel-Vauxhall sales estimates for the first time. The company’s performance was likewise helped by sales growth in Europe and Latin America in the 3 months ended September 30, however the automaker lost more
French automaker PSA Group and U.S. rival Ford led a 2 percent drop in European car sales previous month, according to industry data released on Tuesday. September registrations dropped to combined 1.466 million cars in the European Union and European Free Trade Area (EFTA), the Brussels-based Association of European carmakers stated. Combined sales of PSA
Toyota Motor is thinking of cutting the half of number of car models it sells at home by 2025, an individual informed on the matter stated – the 2nd time this month that a Japanese automaker has emerged with strategies to sharply scale back in a diminishing domestic market. Vehicle sales in Japan have been
French automaker Renault anticipates a first-mover benefit in electric automobiles and a broader range of automobiles for emerging markets to help it provide a 44 percent sales boost by 2022. Electric cars are “developing into a substantial contributor to our performance while other automakers are just starting the journey”, CEO Carlos Ghosn stated on Friday.