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General Motors Co and Fiat Chrysler Automobiles, both posted sales gains in new vehicles in March. The luckiest this month is GM, the company revealed a 16% jump in new car sales compared to the same month last year. Fiat Chrysler reported a 14% increase in sales in March. FCA said it saw a 45% spike in sales of its popular Jeep models, giving the brand its best sales month on record. The strong results for March followed a weak performance in February. Last year, U.S. auto sales fell 2 percent after hitting a record high of 17.55 million units in 2016. Sales are expected ...
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...
Volkswagen will launch a new compact SUV internally called the "Volks-SUV" or People's SUV. It will be produced for the US, China and other markets outside of Europe. VW plans to sell 400,000 of these small utility vehicles every year. The new compact crossover will start in China. It will be built in a joint-venture factory. The new model is slightly more compact than the Volkswagen Tiguan. It will sit on the MQB architecture for cars with front transverse engines. VW approved the design last week. Europe won't be receiving the "Volks-SUV" because it al...
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...
Just 200,000 plug-in electric cars were sold in the U.S. last year. Although that's the highest number yet, it's still just a little more than 1 percent of the market. Nowadays the general car-buying public at large is aware that EVs exist, but most of them consider that electric cars are not viable and practical. According to the recent data from California, the state's buyers are no more aware of electric vehicles than they were three years ago, when far fewer of them were available. This makes electric-car advocates worry that growing electric-car sales will arrive o...
