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 […]

China: auto forecast revised again for 2014

China: auto forecast revised again for 2014

Following the slowing growth registered in recent months, the world’s largest auto market is on pace to miss a prediction for the year, as the pace of delivery increases has cooled. The country’s main auto industry body said that because of a smaller increase for the world’s second-biggest economy, consumer […]

US: Winnebago sales rise, but shares fall

US: Winnebago sales rise, but shares fall

Winnebago Industries Inc, the world famous US motorhome producer saw its quarterly profit jump 22% because of rising demand for the company’s products. Motorhome deliveries for the three-month period jumped 25%, from 1,890 units in the year ago period to 2,364 this year. Net income for the motorhome builder is […]