Jaguar Land Rover reports growth in retail sales of fiscal 2019/20

Jaguar Special Vehicle Operations

Jaguar Land Rover’s Special Vehicle Operations division retailed over 9,500 high-performance and luxury SV products in fiscal 2019/20, increasing 64% on fiscal 2018/19, even though the coronavirus crisis have continued to impact sales in the fourth quarter of the fiscal year. The strong demand for all seven SV vehicles has driven this increase, including the […]

Ford reports improved performance in Chinese market during 2019

Ford Motor logo

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 […]

Record US sales of Ram increases Fiat Chrysler’s revenues

Fiat Chrysler Automobiles FCA

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

Ford logo in their auto plant

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 to cut 10% of workforce at Halewood factory in UK

Jaguar Land Rover Discovery 5

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 […]

General Motors sales dropped in China sales for another year

General Motors

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

Ford Mustang Mach-E

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 – […]