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U.S. auto sales are down 2% this August, by totaling 16,14 million. We’ve got to admit that we expected to see even worse car sales data from the big three Detroit automakers, but as Houston area replaces flood-damaged cars and trucks after Hurricane Harvey, their shares got higher. General Motors, Ford and Fiat Chrysler posted mixed August U.S. sales, with GM up 7.5 percent and Ford and Fiat Chrysler down. Japanese automaker Toyota improved sales by nearly 7 percent, Honda's sales fell 2.4 percent. Still, analysts focused on the potentia...
Workers from two Chicago plants have sued Ford Motor Co. for sexual and racial harassment. After an investigation made by the U.S. Equal Employment Opportunity Commission the company agreed to pay $10.1 million to settle the scandal. The investigation yielded reasonable cause that personnel at the Chicago Assembly Plant and the Chicago Stamping Plant had subjected African-American and female employees to racial and sexual harassment -- violating Title VII of the Civil Rights Act of 1964. The agency also said the company retaliated against employees who complained about harassment or discr...
Fiat Chrysler Automobiles got an offer from a well-known Chinese automaker to buy it, but at a small premium over its market value. Of course the offer was rejected because of the price offered, but what’s more important here is that the Chinese powers started to show interest in Fiat. Meanwhile, other sources independently identified executives from other large Chinese automakers conducting their own due diligence on a potential purchase of FCA, including meeting last week with representatives of U.S. retail groups about a potential acquisition. A source said FCA executives h...
Every month, automakers release their sales numbers, and there are always some interesting tidbits buried in the myriad spreadsheets and digits.ChevroletThe Bolt EV reached a noteworthy milestone — it outsold the Corvette, despite not being available in all 50 states yet.FiatEvery Fiat model sold worse this July than last, and the 500X had the worst drop.DodgeEven though it's on the way out, the Dodge Viper posted a July increase from 49 to 56 cars. CadillacThe numbers show the brand needs more crossovers. Cadillac also sold two of the discontinued Volt-based ELRs and an e...
As automakers are doing their best to get rid off too much inventory, buyers can expect sweeter deals on small and mid-size cars. This July wasn’t expected to be a good month for US car sales but at the same time, the data are not so bad. Overall auto sales fell 7% from a year earlier to 1.42 million vehicles. Buyers will eventually have fewer choices of passenger cars as automakers shift more of their engineering resources into crossovers, SUVs and pickups. Average discounts per vehicle rose 5% to about $3,600, compared with a year earlier. Meanwhile, transaction prices ...
