“We’ve been given an opportunity here to fix this house, and the people have responded way beyond anybody’s expectations.” –Chrysler CEO Sergio Marchionne. As Chrysler posts a slight third quarter loss of 84, million dollars, […]
General Motors has the potential to make huge pretax profits once global auto sales fully recover, the company’s chief financial officer said Thursday in a video presentation that was posted online.
October auto sales are trickling in, and they’re expected to come in slightly below one million vehicles. That’s an annual rate of about 12 million vehicles per month.
If you’re holding out for a bargain on a car, you could be rewarded later this year. Automakers are more likely to offer promotions on certain makes and models – particularly luxury cars, SUVs and […]
The U.S. auto industry is likely to see a bit of a sales rebound in September over poor numbers in August, with an uptick in retail sales to individual drivers, a Barclays Capital analyst said […]
Americans spent less at most retail stores in July and inflation remained tame as high unemployment and weak job growth fueled fears of a slowing economic recovery. A busy month for car dealerships and higher […]
Second tier cities to drive chinese auto sales.
The new Fiat-run Chrysler is doing better, but it’s not making money yet. However, it could soon be adding more jobs. Chrysler lost $172 million in the second quarter, a better performance than the first […]
Most automakers saw their U.S. sales drop from May to June, a sign that this year’s slow recovery in the industry may be stalling. Americans are delaying big-ticket purchases because they’re worried about their jobs […]