Fiat Sales Drop 33%
Fiat is barely a niche brand, based on recent sales results. Is it a viable brand in the United States?
Fiat is barely a niche brand, based on recent sales results. Is it a viable brand in the United States?
Automaker Tesla posted a larger than expected loss Wednesday afternoon and pushed out its production ramp on the Model 3 by a full quarter.
Total full-size pickup truck sales rose slightly year over year in October, with Ford once again leading in market share.
Fiat Chrysler's October sales dipped 4% as none of the company's major brands was able to post a monthly gain. The company's best-selling Ram pickup posted a 1% year-over-year gain for the month.
GM's U.S. sales dropped more than 2% year over year in October as fleet sales rose, but not enough to offset the drop in retail sales. The number of vehicles in inventory dropped, but…
Ford's October U.S. sales topped 200,000 vehicles, up more than 6% year over year. The best-selling F-Series pickups saw average sales prices rise by $4,000 compared with last year.
Like every other major car company, BMW has ambitious electric car plans and aspirations. It has not offered any explanation why sales of the i8 coupe have imploded.
Volkswagen reported solid revenue growth for the third quarter, but a €2.65 billion charge related to settling the firm's Dieselgate scandal in the United States cut profits in half.
While Toyota has no interest in elbowing its way to the number one spot among auto manufacturers in terms of unit sales, its advantages could push it into the top spot anyway.
Ford beat profit and revenue estimates when it reported third-quarter results Thursday morning. Sales improved in North America, particularly for trucks, but a low effective tax rate really helped.
October car sales are not expected to change much from the same month a year ago. However, U.S. sales of two major manufacturers are expected to diverge considerably.
Tesla is reportedly firing more than the announced 205 SolarCity employees the company is letting go in its Sacramento office. More-than-expected assembly workers at the company's auto plant may be getting fired as well.
GM is cutting production of its slow-selling passenger cars and raising production of light trucks. Ford is replacing four top executives. Two companies, two ways of shaking things up.
Including charges for discontinued operations in Europe and the loss of a deferred tax asset along with a production slowdown, GM still managed to post a profit and beat estimates for its adjusted profit.
General Motors is scheduled to release its most recent quarterly results before the markets open on Tuesday.