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The American worldwide supplier of powertrain components, Dana Holding Corporation, ranks No. 39 on the list of the top 100 global part suppliers. The company works to develop the most innovative technologies. Yesterday it reported a 10 percent decline in second-quarter net income to $53 million on lower sales in its commercial vehicle and off-highway driveline units. The Maumee, Ohio-based powertrain supplier reported sales of $1.55 billion. This is a 4 percent decrease from the second quarter of 2015. The number of sales dropped as reduced demand in the commercial vehicle and off-...
For the first time in seven years, U.S. sales of cars and light trucks in 2016 will fall. Many specialist estimations have shown that a car sales plateu is awaited and a growing economy and political risk. A report released on Tuesday revealed an outlook of 17.4 million vehicles from 17.7 million. The new estimation is 40,000 fewer than last year’s record, each annual projections have been reduced for the each next year through 2023. The conditions are still not negative, which means good numbers are still being predicted but it couldn’t be denied that is doesn...
The Lima region’s people still continue to choose preferably new vehicles. If we compare the new-car sales for the first half of the year to the same last year period, we'll find out that a 13-percent increase took place. If we analyze June sales, we'll also notice an 11 percent increase. The car brand which has the biggest number in new car sales is Ford. Twice as many Fords were sold than Chevy cars. Honda, Fiat Chrysler, Hyundai, Subaru and Nissan all reported gains for the month. The total number of the vehicles sold in 2016 is bigger than it was last year. There w...
U.S. auto sales this year have reached 17.5 million vehicles from 17.8 million, which means the demand is slowing down from individual buyers. The U.K.'s decision to leave Europe Union has left a big fingerprint on U.S' sales and it is already being felt because of the low demand on autos. Considering the deliveries last month were at a seasonally adjusted annual rate of 16.6 million, the analysts consider it is an impact of Brexit's decision. The softness in used cars must be also remembered, because people started to buy more used cars than in previous years. The ...
As it was revealed, the auto industry is concerned about the new fuel economy standards, which are going to be even tighter soon. So far, automakers have been able to meet tougher emissions and fuel economy standards. It will be more difficult soon, as between 2018 and 2025 these standards will be much tougher. According to the research made at the University of Michigan Transportation Research Institute (UMTRI), the US new-vehicle fuel economy decreases in June. The market share of SUVs and pickup trucks rose, while new hybrid, plug-in hybrid, electric and hydrogen-powered vehicles...
