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General Motors will stop reporting the U.S. vehicle sales. The company thinks that the snapshot of 30-days doesn’t reflect the actual situation of the market. GM will also no longer report monthly sales in China, its largest market, and Brazil. The company will still have to provide its monthly sales to the U.S. Federal Reserve, industry associations and government agencies across the globe but the information won’t be public for simple people anymore. GM and its Detroit rivals Ford Motor Co and Fiat Chrysler Automobiles NV have relied heavily on sales of high-margin pic...
The auto industry is warning that US sales declines, which have been consistent over the past year, may continue thanks to tariffs US President Donald Trump plans to slap on steel and aluminum imports. Toyota Motor, which plans to build a new $1.6 billion factory in Alabama with Mazda Motor, said the administration's decision will "adversely impact" car companies by raising costs and prices of cars and trucks sold in the US. That's even as more than 90 percent of the steel that Asia's biggest carmaker uses in the US is from that country. Trade groups represent...
Maserati North America Inc. is recalling more than 1,000 of its newest luxury cars to fix leaky fuel pipes that increase the potential for an engine fire. The 2018 Ghibli and Quattroporte sedans – with prices starting at $73,050 and $105,600, respectively – have a faulty fuel delivery pipe in the engine compartment that may leak gasoline. The cars haven’t yet been delivered to customers, and they’ll be fixed before individuals are able to drive off with them, according to Matteo Sardi, a spokesman for the carmaker. The company said the flaw, caused by a part...
Ford Motor Co. plans to end North American production of its Fusion midsize sedan at the end of the decade. The automaker has begun informing suppliers that it will not build the next-generation Fusion at its plant in Hermosillo, Mexico, where the car is currently made. It’s unclear whether Ford would stop selling the Fusion in the U.S., replace it with a different vehicle, or build it elsewhere. A spokesman declined to comment. The car will not be shipped to the United States from China, Ford said Wednesday, denying a Reuters report that the automaker would consolidate global...
Major automakers predicted a competitive December as they rushed to sell cars and boost their numbers before 2017 ends. Most of them posted mixed U.S. November new car sales. Now they're trying to sell down 2017 model-year vehicles, offering high discounts to consumers as the year-end nears. In 2016, the industry reported record annual sales of 17.55 million units. Discounts have been above 10 percent of the average transaction price for 16 of the past 17 months. The National Automobile Dealers Association expects new vehicle sales to decline to 16.7 million units in 2018, after...
