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The biggest U.S. carmaker General Motors raised its 2016 earnings outlook on Jan. 13 Wednesday as it follows up a banner year of U.S. sales with major product launches and touted the benefits of hard-won efficiencies.General Motors has put together a respectable string of sales strategies: 28 consecutive months of growth in commercial vehicle sales to companies.As GM pulls back from less-profitable sales to rental agencies, the company has channeled much of those resources into the more-lucrative business of selling pickups, vans and Chevrolet Malibus and Equinoxes to contractors, landscapers ...
Subaru automaker decided to overhaul its engineering, design and technology strategies to keep the brand competitive on a global scale. The main two changes concern a new modular platform, Subaru says will improve safety and driving performance, and a new design language dubbed Dynamic X Solid to enliven the brand's image.Besides this, Subaru will roll out new automated-driving technologies beginning with a traffic-jam autopilot. This function will allow the vehicle to start and stop automatically in slow traffic and steer automatically around curves. Subaru's ...
Tesla Motors Inc continues its battle with local dealers: on Wednesday the Virginia Automobile Dealers Association (VADA) filed a lawsuit against Tesla, to keep the electric car maker from opening a second dealership in the state. According to VADA Virginia state officials and Tesla would violate a 2013 agreement that Tesla could not consider owning and operating a second dealership in Virginia until at least August 2017. Tesla opened a dealership in Tysons Corner in the relatively affluent area of northern Virginia, in February 2015. According to VADA repres...
Fiat dealers in the U.S. will be allowed to combine operations with adjacent Chrysler-Jeep-Dodge-Ram stores. This is a part of Fiat Chrysler's new plan aiming to boost the sales of the brand.This strategy could save a retailer selling 15 new Fiats a month an average of $180,000 per year in duplicate third-party vendor expenses. Dealers who decide to stick with the existing stand-alone Fiat showroom will receive about two-thirds of the savings as well as other benefits to their monthly operations. FCA will also simplify its underperforming Fiat produ...
Tesla Motors signed a contract to lease the ground floor space of a building in Red Hook. The company already has a showroom in Chelsea. It seems like Tesla isn’t keen on renewing. Similar to a few other states, law makers in Utah refuse to let the Electric Vehicle automaker sell its cars directly.A new bill has been proposed that would place restrictions on the electric cars' sales. While Utah’s current law states that the EV company has to hire a franchised dealer to sell its vehicles, Tesla says that it can't sell its cars through traditional third-party dealerships...
