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Toyota Motor corp. revealed that its car sales have suffered a powerful delay this month, by falling down to 15%. Its net income in the last three months has dropped to 552.47 yen. Though the yen has straightened about 11% against the dollar compared to the last year, and because of that the company has lost in exports, by becoming less competitive and cutting the value of repatriated earnings. Toyota's managing officer said that the things are changing every day, by these words he meant the big foreign exchange rate swings. The company has lost an output of about 80,000 cars du...
According to the latest data from General Motors, the second-generation Chevy Volt continues to rack up impressive sales numbers. It has been announced that the sales of the Chevy Volt have now reached 100,000 units. This is probably due to a growing demand for alternatively powered automobiles. Steve Majoros, Director of Marketing, Chevrolet Cars and Crossovers, says that the model delivers not just a fun driving experience behind the wheel. It has become the first vehicle with plug-in electrification technology to truly become mainstream. Last month, GM's plug-in hybrid sold a...
9,688 units of Jeep Renegade were sold this June in the U.S. Despite the fact that it's a reduction in the number of sales, Jeep Renegade still remained the subcompact crossover sales leader. The Renegade is relatively new to the market, having been introduced in 2015. Since then, the Jeep has seen a whopping 99-percent increase in sales, statistics from June 2015 through June 2016 showed. The Subaru Crosstrek remained in second place in sales from May into June. It also saw a decrease, coming in at 9.6 percent less over May’s sales. Sales of t...
Experts say that the American automotive industry is on pace for a second consecutive year of record sales in 2016. June sales were up again, even if the speed of the sales growth slowed: new car and truck sales in the United States through June were up 1.5 percent.Passenger car sales are down 7.5 percent through June. The sales are being driven by hot-selling pickups, sport utility vehicles and crossovers. Through the first half of the year, light-duty trucks, which include some SUVs and crossovers, accounted for about 58 percent of sales. Analyzing the results of this fi...
It's been 3 weeks now since we've wrote about the last car recall which belongs to Takata, and we were absolutely convinced that it will take a while until a new brand finds out about some vehicle defects, but it looks like we were wrong. The next automaker that is about to recall its vehicles is BMW, more than 180,000 X3 and X4 crossovers are being recalled in the U.S. in order to fix some faulty lower anchor bars used in securing child restraint seats. The 2011-17 models of X3 that were manufactured between July 2010 and April 2016 and the models of X4 manufactured between March...