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Four years ago, CEO Masamichi Kogai predicted Mazda would be notching annual U.S. sales of 400,000 cars by now. Instead, it is in a second-straight year of decline, with volume under 300,000 and market share retreating from an erstwhile goal of 2 percent. Now Kogai claims the U.S. resurgence will start in earnest in 2019 and kick into overdrive in 2021 when Mazda adds an all-new crossover designed for and built exclusively in the U.S. Giving first details of the new nameplate in a Nov. 16 interview, Kogai said it has potential to be the brand's best-seller. He said it would slot...
The hurricane recovery and the strong truck and SUV sales weren’t enough to keep the U.S. car sales high in October. Sales for the month fell 1.3 percent compared with a year ago as slowing demand made it almost certain that 2017 will be the first year with declining sales in seven years. Full-year sales almost certainly will fall below last year's record of more than 17.5 million, although most analysts say demand is still healthy. Automakers reported selling 1.35 million vehicles for the month. Ford, Honda, Nissan, Toyota and Volkswagen all reported gains for October on ...
Bentley Motors plans a major shake-up of its executive ranks just a few months before launching the new Continental GT. Wolfgang Durheimer will step down as CEO of Bentley effective February 1, 2018; he will be succeeded by Adrian Hallmark, former global strategy director at Jaguar Land Rover.. Bentley's board members for engineering, sales and marketing, and human resources will also step down, effective January 1, 2018. Durheimer, 59, will stay on at the VW Group to assist with the automaker's motorsports efforts. It's a fitting culmination to a career that oversaw the...
Based on costumer reports Toyota and Lexus rank the top 2 brands for reliability for the fifth year in a row. The rankings of the remaining 25 brands reflect a game of musical chairs, however. Consumer Reports' 2017 Auto Reliability Survey found "growing pains" among automakers with new and updated cars and light trucks, with "wonky" engines and "jerky" eight- and nine-speed and continuously variable transmissions, as well as infotainment systems, among the top problems. The magazine said its survey shows some but not all automakers are quick to res...
General Motors dealers could face major penalties, even termination, if they fail to use a new disclosure form for customers who buy non-GM service contracts, a new or used vehicle with non-GM accessories or used vehicles with non-GM parts, the automaker told dealers last month. But by enforcing the new disclosure process and draconian penalties, GM itself may be violating its franchise agreement, said dealership lawyers and associations, pushing back against the automaker's notice. Under GM's franchise agreement, dealers for several years have been requi...
