GM to Halt Chevrolet Cruze Production in Lordstown for a Week
General Motors will pause Chevrolet Cruze output at its Lordstown, Ohio plant for the week of 28 November 2011 to prevent excess inventory as demand softens.
Coverage tagged Sales figures.
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General Motors will pause Chevrolet Cruze output at its Lordstown, Ohio plant for the week of 28 November 2011 to prevent excess inventory as demand softens.
A Greek economist has highlighted that more Porsche Cayennes are registered in Greece than taxpayers declaring incomes above €50,000, raising questions about tax compliance during the financial crisis.
General Motors has launched local assembly of the Chevrolet Captiva SUV in St Petersburg, targeting the fast-growing Russian market with both four-cylinder and V6 petrol engines.
BMW has confirmed the new F10-generation M5 will not offer all-wheel drive or a Touring estate variant, citing low demand for the wagon and current powertrain priorities.
Volkswagen delivered 3.81 million passenger cars globally from January to September 2011, driven by strong demand in China and Central Europe and new models like the US-built Passat.
Audi delivered around 120,200 vehicles worldwide in September 2011, with strong growth in China, the US and Eastern Europe pushing the brand to new records.
Fiat expects to take its holding in Chrysler from 53.5% to 58.5% by the end of 2011, pending achievement of performance targets set in the original restructuring deal.
Nissan CEO Carlos Ghosn warns prolonged yen strength could force Japanese carmakers to rethink domestic production, with Infiniti models set for overseas manufacturing.
Volkswagen delivered 389,500 vehicles worldwide in August 2011, with strong growth in China and the US helping the brand surpass three million sales for the year to date.
Toyota’s global sales fell to 3.7 million vehicles in the first half of 2011, as production setbacks from Japan’s earthquake allowed GM and Volkswagen to overtake.
The UAE automotive market expanded to $11.1 billion in 2010, with Japanese imports dominating but facing disruption after the March 2011 earthquake and tsunami.
Ford's US Focus production has slowed after intermittent dashboard supply forced the company to fly parts in from Europe, raising costs and extending delivery times.
Caterham Cars has signed an agreement with Courtenay Trading International to sell the Seven in China, targeting 30 to 50 units in the first year.
Nissan's all-electric Leaf outsold the Chevrolet Volt in the first half of 2011, with 3,875 units to the Volt's 2,745, as supply constraints and price differences shaped the early EV market.
Chrysler aimed to sell 40,000 vehicles a year in China but ended talks with Chery, leaving its local strategy uncertain.
Aston Martin will reduce weekly Rapide output from 25 to 10 units, aligning production with lower-than-expected demand for the V12-powered saloon.
The average price of a new car in the UK rose by just £47 in May 2011, while overall registrations fell 1.7% compared to the previous year.
India’s car market is forecast to reach 11 million annual sales by 2020, putting it behind only China and the US, according to a JD Power report.
Fiat is considering a US entry for the Bravo’s successor after the 500’s stronger-than-expected American debut, but will avoid larger segments to protect Chrysler’s position.
Registrations fell for the tenth consecutive month, with small cars hit hardest as the market adjusts to the end of scrappage incentives.
Standard & Poor’s has revised its outlook to negative for Toyota, Honda, Nissan and three major suppliers, citing ongoing production stoppages following Japan’s 2011 earthquake and tsunami.
The US government is considering a summer sale of its remaining stake in General Motors, but will wait for first-quarter earnings and the end of the IPO lock-up period before making a decision.
Ford outsold GM in March 2011 as all three Detroit carmakers posted strong US sales increases, with Chrysler up 31 percent and GM up 24 percent for the quarter.
Audi has built its five millionth A4, a 2.0 TFSI quattro in Misano Red, marking a milestone for the model since its 1994 debut.