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Genesis has amazing plans for this month, first of all it will announce a new retail strategy for the U.S., it will accelerate the separation of the automaker from the Hyundai marque, and of course will cut the number of dealerships to sell Genesis models. The transition, which was supposed to be several years off, likely will be messy and costly for Hyundai and the culled Genesis dealers. It comes less than two years after Hyundai announced the creation of the Genesis brand, barely a year after it officially put the G80 and G90 sedans on sale and just ahead of the launch of a critical ne...
Toyota dealers have been crying for more Tacomas and now they'll finally get some relief. The Japanese automaker has struggled to crank out enough of the segment-leading midsize pickup at its Texas and Mexico factories, even with years of overtime. Now, thanks to the partnership announced last week with Mazda, Toyota North America CEO Jim Lentz is prepared to turn on the spigot to fend off midsize pickup challengers. Toyota will build a $1.6 billion U.S. auto plant at a site to be chosen in a 50-50 partnership with Mazda that nets each of them 150,000 vehicles a year in addition...
General Motors is in trouble again. The company is recalling almost 800,000 Chevrolet Silverado 1500 models and GMC Sierra 1500 trucks worldwide, because these vehicles could lose steering. The largest U.S. automaker said the 2014 model year trucks could suffer a temporary loss of electric power steering, especially during low-speed turning maneuvers, according to documents disclosed Friday by the National Highway Traffic Safety Administration. This car recall includes about 690,000 vehicles in the U.S., 80,000 in Canada and around 25,000 in other markets. GM dealers will refla...
With Tesla Model 3 deliveries beginning, July may be the last month for a while in which the growth of green-car sales in the U.S. can be measured with some sense of accuracy and perspective, as all signs point to a spike in year-over-year growth from here on out. And with that in mind, things didn't look great last month. In fact, year-over-year sales of hybrids and plug-in vehicles were down for the first time this year, falling 9.6 percent from a year earlier to about 37,600 units. Plug-in-vehicle sales remained on the positive side of the ledger, though they slowed to a 16 ...
After we’ve found out that almost each automaker has revealed sale decrease for July 2017, we had been thinking that probably specialists were right calling the car industry doomed, but now that w know that Subaru Corp.’ sales climbed 18%, we’re not so sure anymore Operating income climbed 18 percent for the company’s fiscal first quarter ended June 30. Net income increased 4.4 percent to 82.33 billion yen ($732.9 million) in the period. Revenue advanced 11 percent to 854.77 billion yen ($8.90 billion) in the April-June period, driven by an 11 percent in...
