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Ford Motor Co. said Thursday its second-quarter earnings fell 9 percent to $ 1.97 billion and warned of a “very weak third quarter,” as US demand softens and the automaker launched its redesigned versions of heavy trucks.Ford Motor Chief Financial Officer Bob Shanks said "all options are on the table" for cost cuts in Europe because of Britain's vote to leave the EU but said the company is not ready to announce any plant shutdowns in the UK. Shanks said the Brexit vote cost the company $60 million in the second quarter due to the falling value of the British pound. Fo...
All of the recent calm in global markets owes a lot to the U.S. consumer, with rising retail sales which helped on becoming the world's largest economy in June. Even so, we've got a very weak spot now and speaking about that we mean- slowing car sales, it's unclear now which market segment will pick up the slack. The U.S. consumption revelations show that car industry is at its peak now, which means it's in trouble. As you can see on the charts from the pictures, U.S. retail sales represent 20% of overall spending, after groceries at 13%. Demand ...
For the first time in seven years, U.S. sales of cars and light trucks in 2016 will fall. Many specialist estimations have shown that a car sales plateu is awaited and a growing economy and political risk. A report released on Tuesday revealed an outlook of 17.4 million vehicles from 17.7 million. The new estimation is 40,000 fewer than last year’s record, each annual projections have been reduced for the each next year through 2023. The conditions are still not negative, which means good numbers are still being predicted but it couldn’t be denied that is doesn...
Important warning for owners of certain 2001-03 Honda and Acura vehicles: U.S. officials recommend them to stop driving their cars, because new data show the vehicles’ Takata airbag inflators have as much as a 50 percent chance of exploding in a crash. The warning applies more exactly to the 2001-02 Honda Civic and Accord, the 2002-03 Acura TL, 2002 Honda CR-V and Odyssey, 2003 Acura CL and 2003 Honda Pilot that were recalled from 2008-11 for Takata inflators that have not yet been repaired. The warning should be seriously taken into account especially because of...
You have probably already found out about the death of the amazing actor Anton Yelchin. Unfortunately, the Star Trek actor was involved in a crash with a 2015 Jeep Grand Cherokee, as a reminder we are telling you that the model was recalled earlier. Fiat Chrysler Automobiles announced that the case will be investigated by them, and the real reason of the crash will be discovered. The Star Trek actor was found dead early Sunday, pinned against a gate post by his Grand Cherokee. His body was discovered by friends outside his home in Southern California at about 1 a.m.. The brick ...
