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  • U.S. auto sales are suddenly slipping into reverse?
    18 May 2017

    When news leaked out Tuesday that Ford Motor would cut 10 percent of its salaried workers, it underscored how the auto industry's strong sales are slipping after years of consecutive growth since the Great Recession. In April, the industry reported a 4.7 percent sales drop. General Motors, Fiat Chrysler and Ford showed declines of 7 percent or more in sales. Japanese car companies also were off in the North American market, although not as much.   As vehicle demand has ebbed, automakers find themselves dealing with bloated inventories. At the end of April, GM had enough vehicles ...

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  • Nissan’s operating profit dropped 6 percent
    11 May 2017

    Nissan has reported its 2016 sales and it seems like the company didn’t really succeed in terms of car sales. Nissan’s operating profit dropped 6 percent in just ended fiscal year. The company’s operating profit declined to 742.2 billion yen ($6.67 billion) in the fiscal year ended March 31.  Net income advanced 27 percent to 663.5 billion yen ($5.96 billion) in the January-March period. Nissan attributed the rise to a one-time gain from the sale of its stake in former group supplier Calsonic Kansei Corp., which it booked in the fiscal fourth quarter. Worldwide reve...

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  • The expectations vs actual car sales for April
    03 May 2017

    U.S. auto sales did disappoint a lot as we told you în our previous article: U.S. April car sales decline deeper than expected. You knew about projections of 4% decrease and 3.1% decrease coming from major companies but even so it’s hard to understand what exactly happened with the car market industry.  Here's how major foreign automakers fared: Toyota1st Projection: -4.8%2nd Projection: -4.8%Actual results: -4.4%The Japanese automaker sold 201,926 vehicles in the U.S. in April. The company's namesake Toyota brand recorded a 3.5% sales decrease, whi...

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  • US car sales fall in March: discounts rise on unsold cars
    04 Apr 2017

    The U.S. auto industry turned in an underwhelming performance in March as sales disappointed despite rising discounts. The industry reported sales of 1.56 million vehicles for the month, down 1.6% from a year earlier, amid increasing inventories of unsold vehicles, especially of small cars. In the face of declining sales, now it's up to automakers to see if they can pare production of slow-selling models and reduce the profit-crushing practice of having to offer heavy discounts to clear out the backlog. Sales incentives rose 13.4% in March, compared to a year earlier, to an average of $3,5...

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  • Even foreign automakers think of opening new plants in US
    29 Mar 2017

    We knew that Donald Trump is somehow pressing U.S. automakers to build new factories and offer more jobs, but he may have to settle for plant overhauls and incremental job expansions such as Ford Motor Co.’s planned $1.2 billion investment in three Michigan factories that’s expected to create at least 100 jobs. Trump pushed automakers during a roundtable in Ypsilanti Township earlier this month for more U.S. plants, and in a speech to autoworkers the same day he said plants are coming back — other plants that were expected to be built in other countries are not being bui...

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