U.S. auto sales failed to gain traction in May, with General Motors (GM - Cramer’s Take - Stockpickr) and Ford (F - Cramer’s Take - Stockpickr) reporting hefty declines for the month.
GM, the nation’s No. 1 auto seller, said auto sales fell a greater-than-expected 30% in May to 272,363 vehicles. Truck and SUV sales dropped [...]
said Tuesday its May U.S. sales rose, as a shift in consumer demand toward more fuel efficient vehicles boosted its car sales.
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Honda sold a total of 167,997 in May, up 15.6 percent from 145,367 in the same month last year. Adjusted for one additional selling day in the recent month compared with [...]
Back in September of 2006, when Adam Silverleib opened Silko Kia on the Route 44 “auto mile,†he was convinced he had a winner on his hands.
His Silko Honda dealership, located next door, had been successful since 2000, the year the family-owned business relocated from Brockton to Raynham.
Picking up the less expensive Korean brand — [...]
MUMBAI, April 24 (Reuters) - India’s biggest car maker,
Maruti Suzuki India Ltd (MRTI.BO: Quote, Profile, Research), on Thursday reported a
surprising 34 percent fall in quarterly net profit, as a large
depreciation charge weighed on higher sales.
Maruti, 54.2 percent owned by Japan’s Suzuki Motor Corp
(7269.T: Quote, Profile, Research), said net profit [...]
Shenyang Brilliance JinBei Automobile Co (Brilliance Auto) is still on track to expand into overseas markets including Europe, despite the potential adverse impact of a European test failure last year, Auto Route a senior company executive said.Liu Pengcheng, a vice-president of Brilliance Auto, told XFN-Asia at the Beijing auto show [...]
China’s fast-rising auto makers, enjoying spectacular growth in domestic and emerging markets, Auto Sales are postponing their ambitions in North America as they focus on easier markets in the near term.
The biggest Chinese auto makers, which had earlier signalled that they might enter North America as early as next year, are now admitting that they [...]
NEW YORK (Reuters) - The big three U.S. auto makers are preparing cost cuts and other belt-tightening measures in case a slumping U.S. economy hurts sales more than expected, the Wall Street Journal reported on Thursday.
The Journal said General Motors Corp (GM.N: Quote, Profile, Research) has pushed some capital expenses from [...]
HANOI, April 7 (Reuters) - Auto sales in Vietnam nearly
tripled in the first three months of 2008 from the same period
last year, the Vietnam Automobile Manufacturers Association said
on Monday, even though the country’s economy has slowed.
Sales by 16 car makers jumped 180 percent to 34,095 cars in
the January to [...]
DETROIT (Reuters) - Ford Motor Co (F.N: Quote, Profile, Research) said on Monday it was keeping unchanged its full-year forecast for 15.7 million vehicle sales in the U.S. market on an industrywide basis this year, reflecting its expectation that market conditions will improve in the second half.
U.S. auto sales for February [...]
The result, executives say, has been higher production and inventory costs and headaches for customers and dealers in sorting through a complex matrix of choices.Now, Ford Motor Co. and other embattled automakers are going back to black, embracing the spirit of Ford’s notion in response to mounting losses and the risk of a deeper downturn [...]
