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A review of restated Fiat Chrysler sales at the model level points to a company that either didn't accurately know what it was selling month to month or was playing fast and loose with its fleet sales. In its unprecedented restatement a year ago, which revealed that its then-vaunted streak of year-over-year sales gains actually had ended in 2013, FCA US downplayed the differences between what it had historically reported as its monthly sales and what a new reporting methodology showed was actually occurring. Let's take a deeper look at the figures. FCA and its dealers report...
FCA says it is recalling 1.33 million vehicles worldwide in two separate campaigns for potential fire risks and inadvertent airbag deployments. The automaker said it is recalling about 770,000 SUVs because of a wiring issue that may lead to inadvertent deployment of the driver-side airbag and is linked to reports of five related minor injuries, but no crashes. The company said wiring could chafe against pieces of steering-wheel trim, potentially causing a short-circuit and ultimately leading to an inadvertent airbag deployment. The recall covers 538,000 2011-2015 Dodge Journey vehi...
Ford Motor Co. said Tuesday that it is recalling about 6,000 Ford Edge, Ford Fusion and Lincoln MKZ 2.0-liter gasoline vehicles that have improperly welded torque converter studs. The affected vehicles are:•2017 Ford Edge crossovers built at Oakville (Ontario) Assembly Plant from April 25 to June 20.•2017 Ford Fusion sedans built at Hermosillo (Mexico) Assembly Plant from May 4 to June 19.•2017 Lincoln MKZ sedans built at Hermosillo from May 4 to June 19.In each case, dealers will replace the affected parts for free. The automaker said the affected vehicles...
The headlines for Hyundai Motor America's 2016 sales results were the kind any automaker would be proud of: Despite a car-heavy lineup, tight crossover supplies and thin incentive support, Hyundai and the new Genesis brand combined for a seventh consecutive year of record sales. But how Hyundai got there raises questions about the brand's sales tactics and its prospects heading into a softening market, including whether it relies too heavily on sales to rental agencies and to dealerships themselves, dealers and people familiar with Hyundai's sales operations say. The str...
McLaren Automotive has been rumored to be bought by Apple back in 2016, but why sell a company which does so well on its own? Of course the car maker isn’t planning to do any of this, because its lineup brought it to record profitability and sales in 2016. The automaker reported Thursday that pretax profits for 2016 were 9.2 million pounds ($11.9 million) on revenue of $844.7 million. That's a 70 percent increase from 2015 profits and marks the fourth consecutive year of profits for the independent McLaren brand. Much of the company's higher profit tally in 2016 reflec...
