Showing results 1 - 25 of 26017
Chinese supplier CW Bearing to build new U.S. headquarters near Detroit
CW Bearing USA Inc. will invest $25.9 million to build a new U.S. headquarters and technical center in suburban Detroit, Michigan Gov. Rick Snyder's office said. Snyder made the announcement earlier this week after returning from an eight-day trade mission to China, which included a visit with ...
Hyundai brings back Nissan's Hatami as U.S. sales chief
Derrick Hatami, who left Hyundai last January to become U.S. sales chief at Nissan, will return to Hyundai to fill the company's new vacancy for a U.S. sales chief. Hatami will report to Hyundai CEO Dave Zuchowski as vice president of national sales. The announcement of his return came one day ...
Volvo sales rise 3% in August as U.S. demand offsets slowing China
STOCKHOLM (Reuters) -- Volvo's global car sales rose 3.2 percent to 30,195 in August as strong growth in the U.S. helped offset a continued slide in China. Concerns over slowing growth and share price turmoil have clouded the outlook for China in recent months and hit car sales. Volvo's China sales
German car sales rose 6% in August
German new-car sales rose 6.2 percent to 226,300 in August, the VDIK importers association said today. Growth slowed in August compared with July's 7 percent rise. Through August, sales in Europe's biggest market are up 5.6 percent to 2.14 million units, the VDIK said, citing official registration
Opel will launch online retail banking in Germany
RUESSELSHEIM, Germany (Reuters) -- Opel will push into online retail banking in Germany and use consumer deposits to broaden the base of its financing operation. Opel, a General Motors' unit, already has 200,000 customers who use its in-house bank for car loans or leasing deals, and a push into ...
GM expects to be profitable in India in 5 years
MUMBAI (Reuters) -- General Motors expects to be profitable in India in five years as it cuts costs and works toward increasing local content in its cars, the automaker's India chief told Reuters. "In the next five years, I should definitely make it to a green balance sheet," GM's India Managing ...
VW plans to extend CEO Winterkorn's contract until 2018
FRANKFURT -- Volkswagen Group plans to extend the contract of CEO Martin Winterkorn until the end of 2018, a victory for the executive after he clashed with former Chairman Ferdinand Piech. VW today said its supervisory board's executive committee had proposed extending Winterkorn's contract. The
Mercedes completes S-class family with luxury convertible
Mercedes-Benz will complete its S-class family with the sixth and final derivative of its flagship sedan next year, when it launches its first top-of-the-line four seat convertible since 1971. The S-class cabriolet will be "the world's most comfortable convertible," Mercedes parent Daimler said in
Why the momentum could last
August was another month that U.S. auto sales beat expectations. Did automakers go crazy on spiffs to hit the highest selling rate in a decade? Is the industry's vaunted discipline finally breaking down? No. Auto marketers are still standing back from the edge of 2009's pit of despair, though maybe
Land Rover to roll out two diesels in October
BARCELONA, Spain -- Land Rover expects its first U.S. diesel vehicles will account for up to 20 percent of sales for the two SUVs powered by the new-generation engines. The Range Rover Td6 and Range Rover Sport Td6 go on sale in October and will cost about $1,500 more than the gasoline V-6 models.
Mercedes S-class cabrio will bow in Frankfurt
Mercedes-Benz is adding a fourth convertible to its North American lineup: the S class. The German automaker will introduce the car this month at the Frankfurt auto show. Press days are Sept. 15 and 16. The S550 cabriolet, scheduled to arrive at North American dealers next spring, joins three other
FCA recalls 206,668 2014 Jeep Cherokees to fix windshield wiper defect
Fiat Chrysler Automobiles is recalling 206,668 2014 Jeep Cherokee SUVs because of a defect that could cause windshield wipers to stop working. The recall includes 158,671 SUVs in the U.S., 18,366 in Canada, 3,582 in Mexico and 26,049 from outside North America. FCA said it was unaware of any ...
Hyundai's U.S. sales chief Pradzinski departs abruptly
Bob Pradzinski, the No. 2 sales executive at Hyundai Motor America behind CEO Dave Zuchowski, has left the company, Hyundai said today. There was no immediate word on a successor for that post. "I can tell you that we expect to fill the position quickly," U.S. spokesman Chris Hosford said in an ...
Sales edge down but SAAR soars to 17.81 million
U.S. light-vehicle sales slipped 0.7 percent, far better than projections of a 3.3 percent dip, to 1.505 million in August as consumers shrugged off volatile stock prices and continued to splurge on new cars and light trucks. The seasonally adjusted annualized sales rate soared to 17.81 million, ...
U.S. total vehicle sales by make, Aug. and YTD
U.S. total vehicle sales by make, Aug. and YTD August
U.S. CAR AND LIGHT-TRUCK SALES,
U.S. light-truck sales, Aug. and YTD
U.S. light-truck sales, Aug. and YTD Sheet1
U.S. Light-Truck Sales, AUGUST & YTD
Aug. 8 mos.
Aug. Aug. percent 8 mos. 8 mos. percent
2015.0 2014.0 change 2015.0 2014.0 change
Lexus grabs second straight monthly U.S. sales win, narrows gap with BMW
(Bloomberg) -- Lexus sold the most luxury vehicles in the U.S. in August, riding a wave of demand for its new crossover to a second straight monthly win and narrowing the gap with BMW. Sales rose 2.1 percent from a year earlier to 33,487, including 4,448 of the new $34,480 NX SUV, Lexus said today.
Weak Nissan, strong Infiniti results leaves Nissan N.A. off slightly
Nissan North America reported a slight drop in U.S. sales in August, as lower car sales offset strong performances by the Rogue crossover, the Altima sedan and the Infiniti luxury brand. Overall, the automaker's sales declined 0.8 percent to 133,351 cars and light trucks, with the Nissan brand ...
Hyundai, Kia notch records on Santa Fe, Soul
Facing stock market turmoil and an unfriendly calendar, Korean siblings Hyundai and Kia still set monthly U.S. sales records in August on strong demand for crossovers. Hyundai reported selling 72,012 vehicles for the month, a 2.9 percent increase, as Kia claimed 58,897 units sold, up 7.7 percent.
Toyota, Honda suffer from weak car deliveries
The declines in small and midsize car sales finally caught up to both Toyota and Honda in August. Toyota Motor Sales U.S.A. reported its August sales fell 8.8 percent from a year earlier to 224,381 vehicles, while American Honda Motor Co.'s sales dropped 6.9 percent to 155,491. Both companies ...
GM slips as fleet pullback continues
DETROIT -- General Motors' U.S. sales slipped less than 1 percent in August, as the second straight monthly drop in fleet sales offset rising demand from individual buyers. GM sold 270,480 vehicles last month, down 0.7 percent from a year earlier. GM said retail sales rose 6 percent. Fleet ...
VW's run ends with 8.1% drop; Audi's hot streak continues
WASHINGTON -- Audi of America posted its best August ever, while Volkswagen of America was unable to sustain its brief growth spurt. After posting higher U.S. sales in May, June and July, VW backtracked with an 8.1 percent decline last month. However, the 32,332 vehicles VW sold in August ...
Will the next Nissan Z be a crossover?
After scrapping production plans for the Nissan IDx coupes , there is now a very real possibility that the next Z car will be a crossover. Autocar reports that not only will it be previewed in concept form at the Frankfurtandnbsp;auto show, but that it will go on sale in 2017. How did we get to ...
Jeep Wrangler to stay in Toledo, Cherokee leaving, Wrangler-based pickup coming
DETROIT -- Fiat Chrysler has decided to keep making the Jeep Wrangler in Toledo, Ohio, move production of the Jeep Cherokee to a nearby state and build a Jeep pickup. The news comes after 11 months of uncertainty about the fate of Wrangler production in its historic home. Details about the Wrangler
U.S. drops estimates for vehicles equipped with defective Takata airbags by 36%
WASHINGTON -- U.S. auto safety regulators now believe about 19.2 million U.S. vehicles are covered by the recalls for Takata airbag inflators that can explode in a crash, 36 percent fewer than were thought earlier this summer to carry the defective parts. Those vehicles contain about 23.4 million