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Genesis has amazing plans for this month, first of all it will announce a new retail strategy for the U.S., it will accelerate the separation of the automaker from the Hyundai marque, and of course will cut the number of dealerships to sell Genesis models. The transition, which was supposed to be several years off, likely will be messy and costly for Hyundai and the culled Genesis dealers. It comes less than two years after Hyundai announced the creation of the Genesis brand, barely a year after it officially put the G80 and G90 sedans on sale and just ahead of the launch of a critical ne...
After we’ve found out that almost each automaker has revealed sale decrease for July 2017, we had been thinking that probably specialists were right calling the car industry doomed, but now that w know that Subaru Corp.’ sales climbed 18%, we’re not so sure anymore Operating income climbed 18 percent for the company’s fiscal first quarter ended June 30. Net income increased 4.4 percent to 82.33 billion yen ($732.9 million) in the period. Revenue advanced 11 percent to 854.77 billion yen ($8.90 billion) in the April-June period, driven by an 11 percent in...
Automakers now can deploy up to 100,000 self-driving vehicles without meeting existing auto safety standards and bar states from imposing driverless car rules, this decision has been taken on Wednesday and approved by U.S. House panel. Representative Robert Latta, a Republican who heads the Energy and Commerce Committee subcommittee overseeing consumer protection, said he would continue to consider changes before the full committee votes on the measure, which is expected next week. The full U.S. House of Representatives will not take up the bill until it reconvenes in September after the ...
Toyota Motor Corp. posted its first U.S. sales gain of the year, despite a continuing slide at Lexus, as light-truck deliveries overcame weakness in cars. The automaker's 2.1 percent increase ended a drought that had seen sales fall 4.7 percent through May. Lexus, however, dropped 5.4 percent, for its ninth consecutive monthly decline. Sales at Toyota Division, including a small number of vehicles from the defunct Scion brand, grew 3.2 percent last month to 177,981 vehicles. For the first half of the year, the automaker reported a sales drop of 3.6 percent compared with the same...
Analysts say that U.S. auto sales in June will likely fall 2 percent from a year earlier despite large discounts for consumers, presenting a fresh sign that automakers are heading into a downturn. June U.S. new vehicle sales will be about 1.48 million units, a drop of 2 percent from 1.51 million units a year earlier. The forecast was based on the first 15 selling days of the month. Automakers will release June U.S. sales results on July 3. The seasonally adjusted annualized rate for the month will be 16.5 million vehicles, down nearly 2 percent from 16.8 million units in the same mo...
