Ford Motor’s business in China keeps stumble amid a dearth of fresh products, despite the automaker earlier this week revealed its plans to release two new models in the world’s biggest auto market by the end 2018. Ford’s vehicle sales in China dropped 11 percent in March from a year previously, it stated on Friday,
General Motors stated on Tuesday it will stop reporting every month about U.S. vehicle sales, adding the 30-day snapshot does not accurately show the market and the company will, instead, issue quarterly sales reports. The automaker will also no longer report monthly sales in China and Brazil. The company will provide monthly data to the
Volkswagen’s Czech automaker Skoda Auto reported a 14.3 percent increase in global deliveries in February, handing more than 92,800 vehicles, the most ever in that month, it stated on Monday. Skoda stated sales were driven by a 30.6 percent increase in China and 17.6 percent in Germany along with significant gains in Russia and Turkey.
Ford Motor stated on Friday its automobile sales in China, obstructed in part by a lack of new products, decreasing 30 percent in February from a year earlier, as it continued to have a hard time in the world’s largest auto market. The U.S. automaker, whose sales in January dropped 18 percent year-on-year, stated sales
A second year of slowing development in the U.S. auto market is urging Japanese automakers to look beyond discounts to grow market share and focus more on increasing profitability in their largest market. Global automakers have been fighting for dominance in the world’s No. 2 market as yearly sales continue to move from a record
Ford Motor last week estimated financial outcomes for 2017 and 2018 that fell short of investor expectations, in a downbeat projection that contrasted with a more favorable outlook from competing automaker General Motors. Ford Chief Financial Officer Bob Shanks informed experts at an investor conference in Detroit that greater expenses for steel, aluminum and other
Toyota Motor sees U.S. auto market new vehicle sales at 16.8 million units in this year, Jim Lentz, the automaker’s top executive in North America informed Reuters on Wednesday. U.S. new car sales dropped 2 percent in last year to around 17.23 million units, after striking a record high of 17.55 million units in 2016,