Ford’s Brazil departure highlights automakers’ woes with excess capacity

Ford logo in their auto plant

Ford Motor oldest factory in Brazil, set for closure later this year, was a giant among auto plants. It sprawled 12 million square feet (111.5 hectares), bigger than many of the company’s U.S. facilities. But in terms of spare capacity, the most important sign of factory profitability, the historic Sao Bernardo do Campo plant, which […]

U.S. truck, SUV sales remained strong in February, but there’s more

2009 Ford F-150 XLT

February U.S. car sales, an indication of customer spending, dropped somewhat even as automakers stepped up marking down to sustain sales, significant manufacturers reported on Wednesday. Demand for cars, sport utility vehicles and pickup trucks in February fell to an annualized rate of 17.6 million automobiles, compared to a robust 17.7 million a year earlier. […]

China Auto Sales Hit Record High on Tax Break

china cars

China’s car sales struck a record monthly high in November as customers rushed to take advantage from a tax break prior to its scheduled expiration. Foreign and domestic automakers provided 2.59 million passenger cars– consisting of sedans, crossovers and minivans– to dealers previous month, the government-backed China Association of Automobile Manufacturers informed on Monday, rise […]