Holiday season deals propped up U.S. auto sales in November, limiting the scale of yearly decline at some automakers and putting total figures on course to top experts’ expectations, numbers from several top producers revealed on Monday. No.1 automaker General Motors posted an approximately 1 percent increase in sales, according to a source knowledgeable with
Toyota Motor stated on Friday it would restructure its management executive ranks, consisting hiring new people and shuffling present roles throughout the company. As part of the modifications, Chris Reynolds is going to be the chief administrative officer for North America operations and right now is the executive vice president of the North America unit.
Tesla Inc’s vehicle sales in China fell 70 percent last month from a year earlier, the country’s passenger car association informed Reuters on Tuesday, underscoring how the Sino-U.S. trade war is harming the U.S. electric automaker. An official from China Passenger Car Association stated data from the industry body revealed Tesla sold just 211 cars
Deliveries of Volkswagen’s Skoda Auto cars dropped 7.4 percent in October, mostly in European markets because of conversions to conform to the Worldwide Harmonised Light Vehicle Test (WLTP) anti-pollution regulations. Skoda recently opted to split its creative AOR duties between two agencies, Los Angeles based OPTIMIST and Germany-based thjnk. Skoda stated on Thursday that its
Ford Motor made a profit in India for the first time in ten years in the last fiscal year, indicating that a strategy conceived two years earlier by the U.S. automaker for one of the world’s most competitive car markets is beginning to show some success. Under an initiative named the Emerging Market Operating Model
Volkswagen on Tuesday stated the operating return on sales at its main VW passenger car brand would come in at the lower end of its 4 to 5 percent target range for 2018. Volkswagen mentioned the prices of preparing its passenger vehicles for tougher emissions rules, higher distribution expenses and upfront investments.
Volkswagen Group, Fiat Chrysler and Renault led a 23.4 percent European car sales reduction in September, the major regional industry body stated on Wednesday, as automakers still suffer from the introduction of stricter new emissions tests. Registrations dropped to 1.12 million cars in European Union and European Free Trade Association (EFTA) countries earlier month from
China’s car sales dropped the most in almost seven years in September, stoking issues the world’s biggest auto market could contract for the first time in decades this year in middle of cooling economic growth and a biting trade war. Vehicle sales slumped by 11.6 percent to 2.39 million units in September, the third straight
General Motors quarterly sales in China dropped for the first time in more than a year, struck by faltering economic growth and a wider slowdown in the world’s biggest auto market in middle of a whipsawing trade war with the United States. The U.S. automaker sold 835,934 vehicles in the third quarter ended September, decrease
Volkswagen’s premium brand Audi on Friday stated it expected sales in Europe to fluctuate in the upcoming months after a 55.5 percent fall in September sales because of supply bottlenecks caused by stricter anti-pollution rules. Last month VW Group’s sales dropped by half in Europe’s five biggest markets, as per analysts at Citi, after several
Top automakers pointed to a small boost in U.S. auto sales in August consisting another sharp increase in SUV sales, as low unemployment and strong consumer confidence assisted in mitigating the impact of increasing interest rates and fuel prices. The reports from Ford Motor and other top automakers follow a boost in consumer confidence to
Japan’s Nissan Motor plans to spend about $900 million to increase vehicle-making capacity in China by 40 percent by 2021 – part of a 60 billion yuan ($8.73 billion) plan to become a top three player in the world’s largest vehicle market. Nissan and its Chinese joint-venture partner Dongfeng Group aim to spend approximately $900
Exports increased 3.9 percent from a year ago Japan’s export growth fall in July, with shipments of cars to the United States falling and as international trade disputes cast doubt over demand for items from the country. Exports increased 3.9 percent from a year ago, Finance Ministry data revealed on Thursday, well under the 6.3
Domestic passenger vehicle sales reduced 2.71 percent to 2,90,960 units in July from 2,99,066 units in the same month of 2017. Domestic car sales also decreased marginally to 1,91,979 units against 1,92,845 in July 2017, according to the statistics released by the Society of Indian Automobile Manufacturers (SIAM). Motorcycle sales in July, however, increased 9.67
BMW expects China sales to increase between 5 and 10 percent in 2018, despite the introduction of 40 percent import tariffs on automobiles imported from the United States since July this year. BMW recently started making its X3 in China, ending imports of the model from its plant located in Spartanburg, South Carolina, and raised