Fiat Not Interested in GM’s Opel Unit
The CEO of Italy’s Fiat SpA, Sergio Marchionne, said earlier today that his company was going to scrap its five-year plan running through 2014, calling it “nonsense because the market won’t be there.” Now…
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Newest first · Page 285Another Blow to Car Sales in Europe
While most of the car industry’s attention has been turned to the drop in Japanese car sales in China, there is increasing evidence that manufacturers that do business in Europe will suffer very long-term effects…
Market for Japanese Cars in China Dries Up
The territorial dispute between Japan and China over a set of islands continues to hurt Japanese automakers. Their sales in China dwindled in September as trade between the two countries has faltered. Toyota Motor…
Navistar Board Capitulation Deemed a Real Victory
Navistar International Corp. (NYSE: NAV) may still want to remain an independent company, but the troubled truck and engine maker has managed to avoid a proxy fight. The price reaction on Monday is indicating…
Land Dispute with China Hurts Japan’s Car Makers
The Nikkei newspaper reports that Japan’s big three car makers have cut production for China by half as the two countries remain at odds over ownership of a few small islands. Toyota Motor Corp. (NYSE: TM), Honda Motor Co.…
GM Dismisses Opel Sale Rumors
In response to rumors that it may be in talks with Fiat again, General Motors Co. (NYSE: GM) reiterated today that its European Opel brand is not for sale. An Italian newspaper said earlier…
Troubled Car Companies Disappear in America
In among the September car and light truck successes of Chrysler, Honda Motor Co. Ltd. (NYSE: HMC) and Toyota Motor Corp. (NYSE: TM), and the disappointing results of General Motors Co. (NYSE: GM) and…
Toyota Sale Surge, GM Flat
Toyota (NYSE: TM), its U.S. sales damaged by recalls and an earthquake which hampered its production roared by in sales last month. Sales of the company, which was once No.2 in American market share behind…
Ford Sales Flat — with Some Bright Spots
U.S. sales of new vehicles for September were flat compared with sales in September 2011, according to data released today by Ford Motor Co. (NYSE: F). Car sales were up 1.6% year-over-year and utility…
Paris Auto Show Coverage Overlooks Industry Troubles
The Paris Auto Show had its usual large number of new model introductions, along with dozens and dozens of displays of cars and light trucks already on sale around the world. Products from Audi, Toyota Motor…
The 10 Best-Selling Hybrid Cars
This week, electric car maker Tesla Motors cut its revenue forecast and announced it would be selling 5 million shares of stock to raise capital. Some are beginning to question the long-term viability of…
European Auto Makers See Bleak Future
Auto makers are losing money on every car they produce in Europe, Philippe Varin, chief executive of PSA Peugeot Citroen, told journalists at the Paris auto show today, a situation he called unsustainable. “The…
New Car Sales to Tick Down in September (GM, F, TM, HMC)
In 2011, new car and light truck sales in the United States came in at about 13 million units sold. According to TrueCar.com, forecast sales for September put new light vehicle sales at a…
Ford to Cut Jobs in Europe
Ford Motor Co. (NYSE: F) said Tuesday that it will cut several hundred jobs in the United Kingdom, Germany and elsewhere in Europe due to declining demand in the region. Ford warned that its…
Volkswagen Wants to Be the “World’s Best”
In rather a statement of the obvious, Volkswagen said today that market conditions in Europe had become noticeably tougher and that they likely would not get better in the near future. However, Europe’s largest…