Chrysler Pins Recovery on New 200 Sedan After Q1 Loss
Chrysler began shipping the redesigned 200 sedan in May 2014, aiming to revive sales after a first-quarter shortfall and to meet ambitious growth targets set by Fiat Chrysler.
Coverage tagged Sales figures.
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Chrysler began shipping the redesigned 200 sedan in May 2014, aiming to revive sales after a first-quarter shortfall and to meet ambitious growth targets set by Fiat Chrysler.
Mercedes-Benz do Brasil will invest €600 million by 2022 to update production at São Bernardo do Campo and Juiz de Fora, focusing on new products and digitalisation.
Even with generous tax breaks and government support, electric cars accounted for less than 1% of new vehicle sales worldwide in 2013, with only a few regional exceptions.
Mercedes-Benz and BMW held the top spots in April US luxury sales, but Lexus posted the fastest growth, while Acura, Cadillac and Lincoln trailed the German brands.
Michelin reported a 2.4% drop in first-quarter revenue for 2014, as currency headwinds and weaker demand in Eastern Europe outweighed a modest increase in global tyre volumes.
Ford delivered 147,100 vehicles in Europe in March 2014, with strong demand in the UK and Germany pushing sales up by 12% for the month and 11% for the quarter.
Geely is counting on Volvo to help it gain ground in China’s luxury market, aiming to close the gap with established premium brands as domestic rivals gain strength.
Canadian new vehicle sales rose by only 0.2% in March 2014, with strong light truck demand offsetting a fall in car sales and ongoing winter conditions.
The Ford Focus led worldwide car sales in 2013, outpacing rivals such as the Toyota Corolla and Volkswagen Jetta with more than 1.1 million units sold.
PSA Peugeot Citroën aims to capture a tenth of China’s luxury car sales by 2018 with its DS brand, targeting 200,000 units after modest early results.
Volkswagen has confirmed it will not develop a successor to the Eos convertible, citing high costs and declining demand for open-top cars globally.
Hyundai expects its redesigned Sonata to reach 228,000 global sales in 2014, with a major push in overseas markets following its South Korean launch.
BMW’s finance boss Friedrich Eichiner has warned that escalating tensions in Crimea could jeopardise the company’s Russian business, which saw record growth in 2013.
BMW is expanding production at its Spartanburg and Chinese joint-venture plants as it aims to surpass two million vehicle sales worldwide in 2014.
Average new car prices in the US have risen to over $32,000, making them unaffordable for median-income households in nearly every major city, according to recent studies.
Major US manufacturers will publish February sales figures today, with analysts expecting flat or mildly positive results after harsh weather and high incentives.
Toyota delivered 51,900 vehicles in China in February 2014, marking a 43.1% increase from the same month in 2013 as demand rebounded sharply.
Honda has created a dedicated Acura Business Planning Office, led by Erik Berkman, to address falling US sales and sharpen the luxury marque’s identity.
US new car sales slowed sharply in January 2014, prompting analysts to warn that automakers could resort to aggressive rebates if demand does not recover quickly.
A 2013 Tesla Model S in the US is fetching used prices up to 20% higher than its original retail, driven by strong demand and limited supply.
Dacia’s budget SUV arrives in right-hand-drive for the first time, with UK buyers placing more than 1,000 deposits before the first cars even land in showrooms.
AMG delivered around 32,200 vehicles in 2013, outpacing its 30,000-unit goal for 2017 after expanding its performance line-up to include compact models.
Fiat Chrysler Automobiles begins life as a merged entity with a new structure, shifting its primary listing to New York and facing profitability pressures in key markets.
Rising demand for high-performance braking systems and a surging share price have pushed Brembo’s chairman Alberto Bombassei’s net worth past the billion-dollar mark.