Ford said the size of its manufacturing base in Europe will be determined by how long the region's demand for new cars remains subdued. "We're taking out temporary workers and cutting hours and we'll continue to do that," Ford of Europe CEO Stephen Odell said.
U.S. light vehicle sales rose 2 percent last month to 1.2 million units, slightly above expectations, with consumers continuing to snap up new cars and other fuel efficient models. In another sign the U.S.
It finally happened. Lincoln is now just a rounding error for Ford Motor Co.'s U.S. sales. In April, Ford brand sales fell 5 percent, the same percentage as FoMoCo's total. Lincoln lost 13 percent, but it's too small -- and too alone -- to affect the corporate number.
Toyota Motor Sales U.S.A.'s April sales jumped 12 percent over last year's results, trailing stumbling Ford Motor Co. by just 1,614 units. Toyota's April market share -- 15 percent -- is the automaker's strongest showing since December 2010.
Surging sales of Chrysler Group's mid-sized sedans, minivans and SUVs led the automaker to a 20 percent sales increase in April, its 25th consecutive month of year-over-year gains. Chrysler reported U.S. sales of 141,165 units, the group's best April since 2008.
American Honda sales fell 2 percent in April as big gains for the Accord and CR-V were countered by slumping demand for the Civic and Fit. The recently redesigned CR-V's strong launch continued, with sales up 9 percent to a monthly record.
Lower incentives and a wind-down of its big-selling Altima sedan in preparation for a model change left Nissan Division sales flat in April. Nissan Division sales totaled 64,200, for the month, a decline of just under 1 percent from April 2011.
Ford has named the first 67 dealerships that will sell its Focus Electric, a battery-powered hatchback. The 67 dealerships, which applied to sell the car and went through a certification process, are all in New York, New Jersey and California. Sales begin this month.
GM's U.S. sales in April dropped 8 percent, partly from a decline in fleet sales, leaving GM's market share so far this year below its 2011 levels. GM sold 213,387 light vehicles in April, giving the company a market share of 17.7 percent for the first four months of the year, down from 19.
Former auto dealer Jim Garrett died April 20. He was 89. During his long career, he owned three dealerships in northeast Ohio: Garrett Dodge in Akron, Southland AMC-Jeep in Middleburg Heights, and Garrett Oldsmobile-Cadillac in Kent. All three dealerships eventually were sold.
Ally Financial said it is increasing wholesale credit lines for dealers to take advantage of the U.S. auto market momentum, expanding limits for more than 40 percent of its U.S. dealer clients in the first quarter.
Subaru of America sales rose 6 percent in April, marking a fifth consecutive month of gains and paving the way for another record year, the company said. Sales increased to 26,310 units last month despite a shortage of inventory.
As the auto industry motors toward a broad recovery in the United States, Borrell Associates forecasts that national and local advertising spending will rise nearly 14 percent in 2012, to $30.8 billion, and that about 40 cents of every media dollar will be channeled toward digital.
GM CEO Dan Akerson said that the automaker's most senior woman executive, Mary Barra, could be one of his potential successors. Other candidates tipped for the job include Vice Chairman Steve Girsky, 50, and North American operations chief Mark Reuss, 48.
Volvo plans to nearly double its retail network in China as it also expands into new luxury segments, almost triples its model lineup and increases its technology and engineering capability in the region.
General Motors CEO Mary Barra comments on lessons from mom; girls who shy away from math; slicing a 10-page policy down to two words; tapping millennials to erase stupid habits; taking regular trips to Silicon... » Watch the Video