Ford has reported improved performance in China for the last quarter and the whole year of 2019, regardless market headwinds. According to Ford’s 4th quarter 2019 and full-year financial results published this week, the adjusted Q4 revenues before interest and taxes (EBIT) were 485 million dollars, dropping 67 percent, with improved results in China and […]
car sales in 2019
Record US sales of Ram increases Fiat Chrysler’s revenues
Record U.S. sales of Ram trucks and the release of the new Jeep Gladiator helped fourth-quarter profits at Fiat Chrysler Automobiles increase by over a third, the U.S.-Italian automaker reported Thursday. Fiat Chrysler, which is currently merging with French rival PSA Peugeot, reported net profit in the three months finished December 31 of 1.58 billion […]
Ford shares drop following release of fourth-quarter loss
Investors sent Ford Motor shares skidding after the company posted a 2020 forecast, warning of higher warranty costs, lower profits at its credit arm and continued spending in future technology such as autonomous cars. Shares in Ford dropped 9.4% in after-hours trading, shaving over $3 billion off the company’s value. In comparison, electric automaker Tesla […]
Jaguar Land Rover CEO Ralf Speth will step down in September
Ralf Speth, the CEO of Jaguar Land Rover (JLR) is set to step down from his role at the end of his contract term in September as the UK’s biggest automaker reveals signs of improvement following a torrid 2019 of job cuts, deep losses, and declining sales. Ralf Speth has led the company since 2010 […]
Jaguar Land Rover to cut 10% of workforce at Halewood factory in UK
Jaguar Land Rover (JLR) stated on Wednesday it will reduce around 10% of the workforce at its northern English Halewood factory as it modifies shift patterns to boost performance at the site. The factory produces the Range Rover Evoque and Land Rover Discovery Sport vehicles but the Unite Union cautioned that the obstacles facing the […]
Hyundai Motor turns in best quarter since early 2017
Hyundai Motor turned in its best quarterly operating profit in more than two years and stated it was on its way for higher profit margins in 2020, powered by more sales of sport-utility vehicles (SUVs) including the Palisade and Kona. The better-than-expected operating revenues, which fueled an increase in shares, signal measures by Hyundai Motor […]
Renault expects some decline in 2020 car market in some parts of Eurasia
Renault stated on Friday it expected a slight drop in the auto market in Europe, Russia, and China this year following the report published by the French automaker showing a 3.4% fall of worldwide sales in 2019. Sales increased by 1.3% to 1.94 million units in Europe but dropped 17.2% in China. Sales also dropped […]
PSA Group 2019 sales drop 10% after record 2018
French automaker PSA Group stated on Thursday global sales dropped 10% last year to 3.49 million units, compared with a record 3.88 million in 2018, as it had a hard time from decreasing volumes in China, the Middle East, and Africa. In its European home market, Paris-based PSA’s sales refused by 2.5% in 2019 to […]
New Tesla registrations in California dropped almost 50% in fourth quarter
Tesla Inc’s total vehicle registrations almost halved in the U.S. state of California during the fourth quarter, according to a Dominion Cross-Sell report, which gathers data from state motor vehicle records. The massive fall comes as tax credit for Tesla consumers ended in the last year. It had dropped to $3,750 at the beginning of […]
General Motors sales dropped in China sales for another year
General Motors’s vehicle sales in China dropped for a second year as total auto sales decreased amid a sluggish economy and due to the competition in the major mid-priced sport utility vehicle (SUV) segment. Sales in 2019 dropped 15% from a year previously to 3.09 million vehicles, GM, China’s second-biggest foreign automaker, stated. GM delivered […]
Ford Mustang is the best selling American muscle car in 2019
Three months after the Dodge Challenger had beaten the Ford Mustang away on the third-quarter reports, the car pulled away for a significant full-year win among American muscle cars. Ford moved 17,124 in the fourth quarter to complete 2019 at 72,489, thus beating the Challenger’s ultimate tally of 60,997. Dodge sold 18,301 of the aging coupes – […]
Jaguar Land Rover’s sales dropped, but there are signs of recovery
Automaker Jaguar Land Rover (JLR) posted a 6% decline in full-year sales on Friday after a difficult year in which its performance was hit by the declining Chinese auto market and declining demand for diesel vehicles in Europe. Retail sales stood at 557,706 vehicles in the last year, hit by a 13.5% downturn in China, […]
BMW sold 2.52 million BMW, Mini and Rolls-Royce vehicles in 2019
BMW stated it sold 2.52 million BMW, Mini and Rolls-Royce vehicles in the last year, making it the best-selling premium car group, ahead of competitor Daimler. Daimler stated on Thursday it had sold 2.34 million Mercedes-Benz passenger cars in the last year for a ninth consecutive year of record sales. BMW stated its major BMW […]
Ford quarterly sales fall on the downturn in passenger cars demand
Ford Motor on Monday reported a 1.3% decline in fourth-quarter vehicle sales as soft demand for passenger cars exceeded higher sales of pick-up trucks. Ford’s figures rounded off U.S. automakers’ sales for last year, with passenger cars dropping out of favor with buyers amid lower oil prices and as automakers concentrated on SUVs and pick-ups […]
Tesla made record 112,000 car deliveries in last three months
Tesla stated Friday it delivered a quarterly record of 112,000 cars in the final three months of 2019, which paved the way for the electric automaker to surpass CEO Elon Musk’s sales targets for all of the last year. With its fourth-quarter figures, Tesla finished 2019 with 367,500 deliveries of its Model 3, Model S […]
