Post Tagged with: "decline"

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Russian auto market to rebound in autumn

Russian auto market to rebound in autumn

The Russian auto market could steady down in the second half of this year according to the chief of Ford Motor Co.’s Russian venture after car sales have plummeted there because of a drop in the country’s economy. After a period with sales growth in excess of 10%, the car […]

US: automakers need to brace for decreasing demand

US: automakers need to brace for decreasing demand

The US auto sales last month rose 4.6 percent to a total of almost 1,455,000 units, with an annually adjusted industry rate – or SAAR – of 16.45 million autos. The figures were below expectations, signaling harder times are ahead for the carmakers competing on the world’s second largest auto […]

China: Tesla cuts jobs on sales concerns

China: Tesla cuts jobs on sales concerns

The world’s largest auto market, China, proves once more it can be a tough nut to crack, this time to Tesla Motors, the California-based electric luxury automaker headed by billionaire entrepreneur Elon Musk. The US-based carmaker recently announced it was to lay off some of its staff in China, confirming […]