Honda was the only large automaker whose U.S. sales increased in February, a month when oil prices rose above $100 a barrel and concerns about a recession rattled consumer confidence, according to figures released on Monday.Sales, when adjusted for one more selling day in 2008, fell by at least 10 percent at all three Detroit […]
Renault will invest $1 billion for 25% + one share of AvtoVAZ’s shares. Russian Technologies and it will become equal shareholders of AvtoVAZ in the spirit of a long-term partnership.
Via: Automotive Business Review
Toyota Motor Corp. reported a 2.8% decline in U.S. light vehicle sales, on an unadjusted basis, in February compared with a year ago.
The Japanese automaker’s U.S. sales unit, Toyota Motor Sales, reported sales of 182,169 vehicles, down from 187,330 in the same month last year.
Full Story: Detroit Free Press
Canadian sales of cars and light trucks in February climbed 14.3 per cent from a year ago, according to data compiled by DesRosiers Automotive consultants on Monday, marking a sharp contrast with the slump experienced last month in the United States. Canadian light vehicle sales totalled 110,951 for the month, up from 97,032 in February […]
Two months into the year, this much is clear: The dreary auto sales market predicted for the first half of 2008 is living down to those lousy expectations.
Dogged by the sour U.S. economy that continues teetering on the brink of a recession, most major automakers posted a sales decline in February.
Overall, U.S. light vehicle sales […]
General Motors Corp. announced today that its board of directors has elected Fritz Henderson, vice chairman and chief financial officer, to the positions of president and chief operating officer of the corporation.
In conjunction with Henderson’s appointment by the board, GM also promoted Ray Young, currently group vice president – finance, to the position of vice […]
U.S. automakers expect 2008 sales to be the lowest since 1998. Even Toyota is losing ground with increasingly strapped U.S. consumers.
Car buyers continued to jam on the brakes in February, slowing their pace of new purchases while continuing to shift from big cars and big trucks to smaller, more fuel-efficient vehicles. Even mighty Toyota Motor […]
Porsche, the sports-car maker with annual revenues of €7bn ($10.6bn), will soon control a €150bn car and trucks empire that would be Europe’s largest and include brands from Volkswagen and Audi to Bentley, Lamborghini and Scania.
Porsche on Monday received the go-ahead from an emergency meeting of its supervisory board to increase its stake in Volkswagen […]
