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The celebration of Kia's new $3 billion assembly plant in Mexico, was supposed to be fun and interesting, and it was interesting, but was it really fun? Glad-handing by local officials, lofty praise for the jobs created and money brought in, ceremonial ribbon-cutting with high-ranking executives in from Korea. But, the time for Miguel Angel Lozano to take the stage came, a mayor of Pesqueria, a small town about two hours from the southern tip of Texas. Kia's new plant sprawls over about 1,200 acres in Pesqueria, and, to hear Lozano tell it, his town has almost nothing to sho...
As we already know U.S. car sales declined by nearly 4% this August, that's a year-over-year drop which followed flatlining sales over the previous three months. Bucking the trend to no small degree in august was capacity-constrained Subaru, which earned 4% of the market by selling more than 60,000 new vehicles for the first time in the company's history. Subaru's discounts were 78% below the industry average. It's been already two years since the car manufacturer reported record sales of 50,246 units. It was also August 2014, and after the brand continued to s...
The biggest winners in US car sales this August were Ford, Nissan and Kia. They are the reason car sales have seen a growth of 4.6% this month, it puts the industry back on track to top 1.2 million sales for 2016. More than 94,900 cars were sold in August, for a year-to-date total of 784,330-puts the market on track to break ist previous record of 1,155,408 sales set in 2015. Toyota's Camry stands strong for another month with 2458 units sold out, it has become the top selling Australian-made car. Camry has beaten up Holden Commodore and Ford Falcon. Corolla also boosted Toyota's ...
We already know that the first half of 2016 has been a mixed bag for U.S. automakers with total car sales in the first seven months reaching 4.253 million, a decline of 7.7% compared to last year, and light-duty truck sales increasing by 9.1% to reach 5.913 million. General Motors has sold 1.706 million cars, a 4% drop compared to last year while Ford saw its sales grow by 3.3% to reach 1.560 million. Ford’s jump in sales can be directly attributed to the company’s above-average performance in the light truck segment. Overall passenger car sales has been slow, with sever...
Hyundai Motor Co. and its smaller affiliate, Kia Motors Corp., saw their combined U.S. sales rise by more than 6 percent in July, thanks in large part to strong sales in sport utility vehicles. The two South Korean auto giants sold 134,972 units in the U.S. market last month, up from 127,324 units in the same month last year, exceeding the country’s automobile industry average growth rate of 5.3 percent. Hyundai reported that its sales rose 5.6 percent from last year to 75,003 while Kia reported a total of 59,969 units, up 6.4 percent compared with a year ago. Both automakers ...
