Sales of high-end sports cars from automakers including Ferrari, Aston Martin, Maserati and McLaren are soaring in China, four years after China's President Xi Jinping started cracking down on corruption and conspicuous consumption in the world's No. 1 market.
One of the world's biggest auto shows, in Frankfurt, will be missing at least nine brands this year including three Fiat Chrysler units, Nissan and two PSA brands, as more automakers shift marketing outlays.
U.S. light-vehicle sales dropped 1.7 percent in March as decreases at Ford, Honda, Toyota, FCA, Hyundai and Kia overshadowed gains at Nissan and GM, even amid higher spending on discounts. The results signal the industry -- despite strong truck demand -- is losing momentum heading into the key spring selling season.