The decline in Italian, Spanish and French car sales slowed in June, raising hopes that the bottom of the slump in the crisis-hit European market could be close. The region's car market is nearing a two-decade low after five continuous years of contraction.
Light vehicle sales, led by Ford Motor and Nissan Motor, rose 9 percent in June, easily topping many forecasts and providing fresh signs that the industry's recovery in the United States will remain robust in the second half of the year.
Toyota Motor Sales U.S.A. kept pace with the industry's gains in June with a 10 percent sales increase to 195,235 units. Toyota brand sales rose 12 percent to 167,540 and Lexus sales increased 7 percent to 21,355, but Scion brand sales fell 25 percent to 6,340.
Toyota is often thumped for being the most Japanese of Japanese companies in the pantheon of Japan Inc. But the new motto under President Akio Toyoda is "Internationalize!" Skeptical? Consider this: Toyota also is dumping the use of Japanese numerical notation for the Western way.
Sharply higher sales of the Ram 1500 and monthly records for seven other vehicles propelled Chrysler Group to an 8 percent sales gain in June. The automaker now has posted 39 consecutive months of year-over-year sales gains.
Detroit automakers, following a failed effort to keep Japan out of regional free trade talks, today outlined their fallback position, including a demand that auto tariffs be phased in the United States out in no less than 25 to 30 years.
When it comes to auto repairs, women are likely to get quoted a higher price than men, but women are better at negotiating a discounted price, according to a study conducted by the Kellogg School of Management at Northwestern University.
GM this week is kicking off its biggest advertising campaign in at least five years with an emotional tribute to hardworking Chevrolet Silverado owners, the start of a campaign for the redesigned 2014 pickup that's likely to top $300 million.
Carlos Ghosn's 7.6 million euro ($10 million) annual salary to head Nissan will likely further upset French unions and government officials who are already angry about the 2.47 million euros he got last year for running Renault.
Mazda today said it will more than double capacity for its Skyactiv transmission series in two years to meet what it expects to be booming demand for its next wave of cars, which will rely on the gearboxes.
Martin Winterkorn faced widespread skepticism when he said Volkswagen Group would sell 10 million cars a year by 2018, making it the world's largest automaker. Now the CEO says the company will reach its volume target earlier than planned.
Carlos Ghosn's 7.6 million euro annual salary to head Nissan will likely further upset French unions and government officials who are already angry about the 2.47 million euros he got last year for running Renault.
Diversified auto supplier Federal-Mogul has sold its connecting rod and camshaft business to JD Norman Industries. The deal divests Federal-Mogul's UK-based camshaft foundry and its connecting rod machining plant in Windsor, Canada, the supplier said.
Chinese automakers generated strong sales growth on small volumes in Russia last month, despite the fact that overall light-vehicle sales remained weak in May, falling 12 percent from a year earlier to 229,670 units, according to the Association of European Businesses (AEB).