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Since the US auto sales were steadily rising, they have helped the country to recover economically, but now as the car sales drop and the economy is also under pressure. US carmakers have started to idle workers for months at a time.Trump has touted the auto sector - which he previously lambasted for moving production to Mexico - as proof of his programme's success. "We're going to have expansion," he told reporters last week. Following seven years of steady growth that led to sales records in 2015 and 2016, deliveries of new vehicles in the US dropped 4.7 per cent...
Volkswagen has been into a difficult period the latest 2 years, after being caught cheating on emissions, but now the automaker is selling cars with diesel engines in U.S. again. Customers lined up to buy two-year-old Volkswagen diesel cars when the automaker unexpectedly resumed sales in April. Many VW customers may still want the fuel efficient diesels — also called TDIs — but the few thousand cars left at dealerships after the automaker resolved its emission-fraud crisis are the last ones the automaker plans to sell in the U.S. One dealership, in Troy, Mich., got five...
Volkswagen has agreed last year to offer to buy back up to 475,000 2.0 liter diesel vehicles that had been sold in the U.S. and now its plan for 84,000 older Volkswagen diesel vehicles has been approved by the U.S. Envirnomantal Protection Agency and California Air Resources Board. Friday's announcement covers a fix for 84,390 2012-2014 Passat diesel vehicles with automatic transmissions. A fix for vehicles with manual transmissions has not yet been approved. In January, regulators approved a fix for 67,000 2015 model diesels, leaving around 325,000 older vehicles still awaiting...
We’ve been a bit worried about the car market after Ford Motor announced that it plans to cut 10 percent of its salaried workers. General Motors didn’t show better results, it reported a 4.7 percent sales drop on April, just like Fiat Chrysler who might get sued for using illegal software which violate the U.S. clean-air rules. We’ve been trying to understand the reasons for the slump, and here’s what we got: Demand has peaked. Last year, there was a record vehicle sales volume of 17.55 million. But the National Automobile Dealers Association forecasts ...
