Over the next five years, GM plans to spend more than $12 billion developing its luxury Cadillac brand, with high hopes of creating new sales in the United States and China.
Paul Ausick When Volkswagen released its sales delivery figures for 2014, and it was all China. More than a third of its cars and light trucks sold were in the world's largest market.
The North American International Auto Show opens Monday in Detroit, and GM is expected to unveil its next generation all-electric car, the Chevy Bolt.
The remarkable increase in new car sales will continue next year, according to research firm Kelly Blue Book, and profits of the major car companies will remain strong.
The United States remains the largest market for the parent of Mercedes-Benz, but last year China surpassed Germany as its second-largest market.
Paul Ausick Annual sales of all-electric and plug-in hybrid electric vehicles rose by more than 20,000 units in 2014, up nearly 23%.
Ford announced Thursday morning a 20% increase in the company’s quarterly dividend.
The race for the top in U.S. luxury car sales was won by BMW in 2014. The automaker reported on Monday that it sold more cars last year than Mercedes or Audi.
Cadillac, the luxury brand of General Motors, continues to be the laggard among luxury car brands. While sales of its primary competitors improve, Cadillac sales dropped in December.
Ford Motor F-Series pickup was the best-selling car in the United States again in 2014. It is a prize Ford has held for decades.
With gasoline fast approaching the $2 per gallon level, it is no surprise to see sales of Chevy Tahoe and Suburban surging.
Paul Ausick The average transaction price for a new car or pickup purchased in the United States in December was 1.6% higher than in November, as well as 2.5% higher than December of 2013.
Automakers are about release December sales figures, and industry analysts are looking for another solid month of sales to bring to a close a very good year for new car sales.
The new BMW i8 has been positioned as a Tesla killer. But it is not all-electric like a Tesla.
General Motors began 2014 with a recall of more than 300,000 of its pickup trucks. In February the automaker recalled more than 1.6 million North American additional vehicles.
