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Honda Motor expects its global sales to remain strong thanks to brisk sales in the U.S. and China. Japanese automaker expects its group operating profit to jump 19% to 600 billion yen ($5.58 billion) for the fiscal year ending March 2017.Through the previous year Honda had important expenses because of the recalls of vehicles with defective Takata air bags, including recalls demanded in May by U.S. authorities. Therefore, the matter will have no impact on earnings in the current fiscal year, as quality-related expenses are to decrease considerably. ...
German cars are always on the top of world sales. However U.S. sales of BMW brand vehicles decreased 6.4 percent in May for a total of 29,017 compared to 31,003 vehicles sold in May, 2015. President and CEO, BMW of North America, Ludwig Willisch, said the shorter number of selling days in May no doubt affected the month totals, but he also mentioned the ongoing transition to X models among the possible solutions. The BMW X1 grows more popular each month with its siblings X3 and X6 giving it strong support. The X5 was limited only by availability but that will continue impr...
Volkswagen Group Skoda has some tough times these days because of its parent, that is why the company isn't sure yet about selling vehicles in U.S. The Czech value brand is examining the potential of markets where the brand is not yet present. One of the chosen places might be North America, but the decision wasn't made yet. Skoda vehicles might be underpinned by Volkswagen Group technology but it won a lot of praises for its high quality and functionality. The vehicles are sold very well in countries like: China and Germany but now with the low economy in Russia ...
Skoda, Volkswagen Group's unit is considering whether to sell cars in the U.S. where its parent was seriously compromised by the diesel emissions scandal. The Czech value brand is not yet present on the U.S. market, but its spokesman mentioned that it's time to consider the potential of the North American market for the automaker. Skoda has filed several trademarks at the U.S. Patent and Trademark Office. Media reports earlier this month said the brand has filed to protect in the U.S. the names of the Superb sedan, Octavia hatchback and Yeti small SUV.&nbs...
The growing popularity of crossovers and SUVs on the U.S. market is no more a secret, but lately more and more experts speak about a sweeping growth of the hatchbacks demand. The U.S. market for hatchbacks is expected to grow faster than any of the other nine vehicle body styles according to the results of a specialized research. As specialists expect a 37 percent growth in U.S. hatch sales through to 2020, to 1.1 million vehicles, some of the biggest automakers are supplementing their car lineups with five-doors. Potential high-volume entries such as the Honda Civic and Ch...
