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Report – Buick Verano to be retired from US lineup

Report – Buick Verano to be retired from US lineup

According to the latest rumor flying off the mill, sources from within General Motors’ ranks are tipping the US media to the impending retirement of the Buick Verano from the US market. The US automaker unveiled the refreshed Verano in China last year during the Auto Shanghai event – it’s […]

Hyundai’s quarterly profit slides 23 percent

Hyundai’s quarterly profit slides 23 percent

Hyundai, South Korea’s largest automaker, the world’s fifth biggest when counted with affiliate Kia, has announced its net profit during the third quarter of the year dropped 23 percent year over year. The earnings have fallen below analyst expectations, with the South Korean carmaker bullied by the slowing Chinese deliveries […]

Thailand sees collapse of car sales this year

Thailand sees collapse of car sales this year

Thailand’s industry-wide auto sales might slump up to 15 percent this year and deliver a third consecutive year of negative growth, according to the Thai subsidiary of Japan’s Toyota Motor Corp. The company had initial expectations that called for a positive turn of events – with new vehicle sales soaring […]

China: Ford sees rising prospects on the long run

China: Ford sees rising prospects on the long run

Ford, the second largest US automaker, has retained a “bullish on China” attitude even as the sales have turned negative over the past two months, according to the automaker’s chief of global purchasing. China this week just started the devaluation of its currency, stirring up even greater concerns among investors […]

China: July sales drop to 17-month low

China: July sales drop to 17-month low

Chinese consumers fearful of the slowing economy and harassed by the stock market rout extended the slowdown in the world’s largest auto market in July, with retail sales sliding 2.5 percent. The tally was the worst for passenger vehicles over the past 17 months as demand was not reignited by […]

Toyota is not confident China will remain profitable

Toyota is not confident China will remain profitable

Toyota Motor Corp., the largest Japanese company and the (interim) second largest automaker in the world, said recently it “can’t be optimistic” about having its Chinese operations profitable this year. China, the world’s largest auto market, has recent forced the Japanese carmaker to lower prices and increase buying incentives offered […]