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The contracts of each of Toyota’s about 500 new car dealerships in Germany have been canceled effective May 31. The automaker is setting up a one-tier network as it hopes...
by - May 11, 2015
Fuji Heavy Industries may reach its sales target in North America five years before schedule as it posted a 21% increase in operating profit during the latest quarter as it...
by - May 11, 2015
The Italian government wants Lamborghini to build its upcoming SUV in the country and to convince the automaker, Prime Minister Matteo Renzi's government may offer up to 100 million euros...
by - May 10, 2015
Volkswagen Group will not be reducing its prices to increase its market share in the U.S., according to Christian Klingler, Volkswagen Group's board member for marketing and sales. After first...
by - May 9, 2015
Talks will start later this year between Mercedes-Benz USA and its dealerships over plans to handle the new vehicles that will be coming within the next several years. CEO Steve...
by - May 8, 2015
Audi’s profit margin has been adversely affected by its efforts to catch up to rival BMW. Audi’s operating margin fell to 9.7% from 10.1% a year ago, reaffirming its target...
by - May 8, 2015
Due to higher sales of trucks and SUVs in the U.S. in April, the University of Michigan researchers observed a 0.2 mpg decline in the average fuel economy of light...
by - May 8, 2015
General Motors has cut $1,115 from the price of the redesigned Chevrolet Volt. The 2016 Volt, which will be available starting this fall, will have a sticker price of $33,995,...
by - May 8, 2015
The first SUV of British sports car maker Lotus will be built in China and will be exported to Europe and maybe even the United States. This SUV, which is...
by - May 7, 2015
Ally Financial Inc. has recently been named as the preferred U.S. auto lender of Aston Martin Lagonda Ltd. as part of a move to boost sales. Ally used to be...
by - May 7, 2015
Honda Accord deliveries have been on a steep decline for the last two months, dragging down the automaker’s monthly sales results in the U.S. Last month, American Honda sold 1.8%...
by - May 7, 2015
Hyundai Motor Group exceeded analysts’ expectations by posting a 1% increase in U.S. sales for April 2015 – a feat it accomplished by offering bigger incentives for the Hyundai and...
by - May 7, 2015
Honda Motor Co.’s profits in the latest quarter suffered a beating, with the automaker failing to meet its main targets for full-year earnings and unit sales, Executive Vice President Tetsuo...
by - May 6, 2015
Lotus Cars CEO Jean-Marc Gales is confident that the automaker will make a profit once again by 2017 after having lost money for years. Gales, who used to be an...
by - May 6, 2015
Aston Martin will spend over $300 million to “form the strongest and most diverse portfolio in [its] history,” according to Aston Martin’s CEO Andy Palmer. Aston Martin Lagonda is expecting...
by - May 6, 2015
Ford Motor’s new products attracted so much consumer demand that it led to a 5% rise in total U.S. sales last April with 222,498 units sold. Retail sales increased by...
by - May 6, 2015
General Motors posted a 5.9% increase in sales for April 2015. Its car lines still performed weakly but this was offset by a fast-rising demand for crossovers. The brand’s retail...
by - May 5, 2015
Fiat Chrysler's deliveries in the U.S. went up 5.8% in April, pushed up by impressive sales of Jeep and Chrysler 200. Fiat Chrysler Automobiles sold 189,027 units in the U.S....
by - May 5, 2015
Luxury brands have been attracting consumers away from mainstream brands. The luxury segment is expected to grow 7-8% this year, doing better than the 5% increase predicted for total auto...
by - May 5, 2015
Toyota’s U.S. sales in April 2015 went up 1.8% even with declining car sales because of the high demand for light trucks. Toyota Division sold 173,144 units for a 1.2%...
by - May 5, 2015
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