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It has been announced that the General Motors Company has a certain sales decrease outside the US. The level of sales in South America has dropped significantly. Europe's hopes to reach breakeven this year are threatened by the aftershocks of the U.K.'s Brexit vote. Despite this, the level of domestic sales is not low. North American operations' pretax profit jumped 31 percent in the second quarter to $3.65 billion from the year-earlier period, despite a drop of 5.7 percent in overall North American unit sales. North America-heavy General Motors Financial joined the part...
Tesla Motors said that a new proposal to let the company sell its electric cars at a sleek Salt Lake City showroom puts unfair limits on their business and they're taking the fight to court. Tesla is asking the Utah Supreme Court to reverse a state decision blocking it from selling new cars at its $3 million showroom in Salt Lake City. Tesla claims it can't sell through traditional dealers. The thing is that its business model depends on convincing customers to choose the company's technology over a traditional car. This would be a conflict for dealers who also sell trad...
We've come to realize that the new GM strategy was a great one and we've got the proof. The idea of focusing on retail sales in North America got a win-win in the second quarter, with net income more than doubling from the year-earlier quarter. The company has reported an income of $2.87 billion in the second quarter, which is up from $1.12 in the second quarter of 2015. General Motors' CEO told to the media that it's been an outstanding quarter for GM, and they'll continue to focus on driving profitable growth and leveraging their technical expertise to lead in the future ...
Automobile sales during this June in Minneapolis fell 22% compared with the same month a year earlier. It is the fourth consecutive double-digit percentage decline in year-over-year sales. Through the whole 2016 year, this trend of falling down sales might continue, and it might go even further. By going further we mean this decline will evolve through the next few years. The Houston area in June logged another sharp, year-over-year drop in auto sales despite a surge of flood victims replacing vehicles. It was announced that last month's sales figures were 21% higher ...
Probably all of us were convinced that the US plug-in vehicle sales increase every week, but this is not what actually happens. When Tesla Motor released its second-quarter deliveries, it turned out that the sale expectations were not fulfilled. Tesla considers that the huge truck sales spoil the statistics. A week ago Tesla Motors announced that it delivered 14370 cars for the quarter. Among them there are 9,745 Model S sedans and 4,625 Model X SUVs. It was revealed that this delivery rate was the California-based automaker's lowest since the third quarter of 2014. It turned ou...
