Chevy 100

Dealer's first overflow lot in 37 years sign of U.S. inventory pileup

Across dealer lots in America, inventory is piling up as automakers produce more cars than are being bought. Dealers had about 85 days worth of cars and trucks on hand at the beginning of February -- about 22 days more than at the beginning of 2017 and eight days more than a year earlier.

 

Valeo raises its midterm sales and profit targets

Valeo set higher midterm sales and profit targets as the supplier seeks to reassure investors that they need not wait too long for returns on its investments in hybrid, electric and self-driving cars. The company pledged to lift sales to 27 billion euros in 2021 from 16.5 billion euros last year.

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