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North America Displays Top Car Purchases Since 2007 – (F, GM, TTM, TSLA)
North America has shown a double-digit growth in car sales so far in 2012, increasing purchases to their best not seen since 2007 in a momentum that indicates a global surge in buying, Scotiabank Economics says. So far in this year, light-vehicle sales in North America have moved up 13 per cent, due mainty to…
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Chinese Buyers Delaying Their Vehicle Purchases On Hope For Stimulus Plan – (F, GM, TTM, TSLA)
China’s passenger-vehicle sales fell short of analysts’ expectations for the first time in five months, as demand weakened with the economy and some consumers delayed spending in anticipation of a government motivation plan. Auto sales are weakening in the world’s biggest vehicle market as the economy grew at the worst rate in three years. Consumers…
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China’s Automakers Face Another Monthly-Demand Fall – (F, GM, TSLA)
China auto sales growth slowed again in July when compared with the previous two months as the economy grew at the slowest rate in three years and weak consumer confidence weighed on sales. Consumers are delaying car purchases in expectation that the government will declare subsidies to boost demand in the world’s largest vehicle market,…
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Major Automakers Set To Announce July Vehicle-Sales – (F, HMC, GM, TSLA, TM)
The growth rate of auto sales is predicted to remain steady in July, when sweeter financing agreements incited U.S. consumers to replace aging cars and trucks in the face of languishing consumer confidence and high unemployment. Fourty-one economists polled by Reuters expects the annual rate of U.S. light vehicle sales will be 14 million in…
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Why General Motors’(NYSE:GM) Global Marketing Chief Departs Just Ahead Of Corporate Earnings – (F, GM, TSLA, TM)
In the auto industry, General Motors Company (NYSE:GM) has recently revealed that its global chief marketing officer, Joel Ewanick, submitted his resignation to the Detroit auto maker. The departure news comes after many key changes to the company’s advertising approach and just ahead of its second-quarter quarterly financial results on Thursday. The giant automaker said…
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Japanese Automakers To Report Double-Digit July Sales Growth – (GM, F, TSLA, GE)
The whole European auto industry is hit harder, and in response automakers are acting slowly. General Motors Company (NYSE:GM) and Chrysler-Fiat are scheduled to release their second-quarter earnings report next week, with investors appearing more focused than ever on how their European operations are performing. Separately, reports from Edmunds.com and TrueCar.com revealed that the number…
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21 States Asks U.S. Auto Manufacturers To Create CNG Vehicles – (F, GM, TSLA)
Twnety-one states including Oklahoma are asking U.S. auto manufacturers to manufacture compressed natural gas vehicles for state vehicle fleets. A request for suggestions for reasonably priced and functional natural gas vehicles is part of a multistate plan declared in November by Oklahoma Gov. Mary Fallin and Colorado Gov. John Hickenlooper. Fallin was the one to…
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Latest Survey Shows U.S. Auto Companies Are Regaining Confidence – (F, GM, TSLA)
Executives in the U.S. auto industry, which is fortified with rising sales and strong financial position, predict to add workers and expand plants in the coming year, according to a latest survey released by KPMG LLP, the audit, tax, and advisory firm. Despite their optimism in general, executives mention some major setbacks ahead, including continuing…