Hyundai to offer COVID 19 tests, ‘drive through’ testing support in U.S.

hyundai celerio

Hyundai Motor’s North American unit will increase its support for “drive through” testing for the coronavirus and donate 65,000 tests to hospitals situated in the United States, the South Korean automaker stated on Tuesday. The company declared $4 million in grants and stated it would support “drive through” testing at 22 hospitals. Hyundai stated it […]

Japanese automakers brace for US sales as coronavirus impacts clients

Toyota Motor, Nissan Motor, Honda Motor

As the U.S. auto industry braces for the biggest slump since the 2008 financial crisis because of the coronavirus crisis, analysts are counting the cost for Japan’s automakers — whose fortunes depend largely on the US, which is the world’s second-largest car market. To reflect declining U.S. demand, Goldman Sachs cut its combined operating profit estimate for […]

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 – […]

U.S. March and quarter one auto sales drop in weak start to this year

Colorado Roadway

Significant automakers on Tuesday reported weak U.S. sales for March and the first quarter, mentioning a rough start to the year, but stated a robust economy and strong labor market should support consumers to purchase more vehicles as 2019 rolls on. Passenger-car sales had a hard time throughout the January-March quarter compared with the same […]

China sales marks Toyota’s profit while U.S. weakness continues

Toyota Camry Extremo images

Toyota Motor’s quarterly profit edged up as demand for its car models from cost-conscious Chinese customers helped offset bleak North American sales, although the company’s shares slipped as it cut its yearly net income outlook. The automaker attributed the smaller forecast to unrealised losses from equity investments, but, in a sign that business was still […]

U.S. auto sales weakens in April 2018

Traffic james in Los Angeles

Most major automakers on Tuesday posted lower amount of new U.S. vehicle sales for April as consumer demand continued to weaken and competition intensified after a lengthy increase for the industry. According to Autodata, the seasonally adjusted yearly rate of sales for April hit 17.15 million units compared with 17.04 million an year earlier. That […]