Ford, seeking to speed deliveries of the 2013 Lincoln MKZ to dealers, is shipping some of the sedans to Michigan for quality inspections that can't be handled fast enough at the car's Mexican assembly plant.
U.S. auto sales, led by Toyota Motor and the Detroit 3, rose 14 percent in January, giving the industry a bigger lift to begin 2013 than analysts expected. Demand pushed the seasonally adjusted sales rate to 15.3 million, slightly below December's 15.4-million rate but well above January 2012's 13.
Sales gains from the recently launched Nissan Pathfinder and Infiniti JX crossovers kept those two brands from falling below prior year volumes last month. Nissan Division posted a 2 percent improvement for January, selling 73,793 cars and trucks, an increase of 1,276 from January 2012.
The Ford Fusion is finally beginning to live up to Ford Motor's expectations. Sales of the swoopy redesigned mid-sized sedan with the Aston Martin-inspired looks soared 65 percent in January to 22,399 units, the company said today.
The auto industry in the United States is the healthiest I’ve ever seen it. Suppliers and automakers are matching production to supply without big incentives, managing capacity and developing attractive models.
Last year, General Motors ran a Super Bowl spot asserting that the Chevrolet Silverado is the only truck strong enough to survive an apocalypse. Now, Ford is showing us what happens when its Lincoln MKZ encounters an "alpacalypse."
Chrysler rode strong sales of sedans and coupes to a 16 percent sales increase in January, increasing its string of consecutive monthly year-over-year sales gains to 34 months. Chrysler Group sold 117,731 vehicles last month, compared with 101,149 units in January 2012.
Global auto supplier Denso today raised its annual profit forecast by 6.7 percent to 240 billion yen ($2.6 billion), helped by a weakening yen that also benefits its Japanese customers including Toyota.
Fiat and Ford lost a combined 2 billion euros in Europe last year and both automakers expect this year to be even tougher. Ford predicts its 2013 European loss will rise to $2 billion while Fiat CEO Sergio Marchionne says that Europe "perhaps has not yet hit bottom."
Ford was sued by more than 1,400 former United Kingdom workers for making misleading statements about the security of transferring their pensions to Visteon during the 2000 spinoff of the auto-parts company.
Seating and electronics supplier Lear said strong gains in North America powered improved fourth quarter profits. The spike of auto sales in Lear's home market overcame a slight drop in Europe, where the auto industry continues its downward trend.
The new issue of the Automotive News Europe monthly e-magazine goes live on Monday, Feb. 4. Our cover story looks at the challenges facing European automakers as they battle to keep their light commercial vehicle businesses profitable.
PSA/Peugeot-Citroen labor leaders squared off against one another over a plan to eliminate 17 percent of the automaker's French work force, with three of the five main unions urging immediate action to stem losses.