GM stock reaches post-IPO high as US Treasury accelerates exit
General Motors shares closed at $39.11, their highest since the company’s 2010 IPO, following news that the US government will sell its remaining stake by year end.
Coverage tagged Sales figures.
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General Motors shares closed at $39.11, their highest since the company’s 2010 IPO, following news that the US government will sell its remaining stake by year end.
All-wheel drive now features on nearly a third of new US vehicles, driven by crossover popularity and safety-conscious buyers seeking greater traction and control.
The Obama administration insists it remains committed to its 1 million plug-in vehicle target for 2015, even as US sales lag behind earlier expectations.
Audi RS, BMW M and Mercedes-AMG divisions drive innovation and profits, using motorsport-derived technology to sharpen their edge and lift margins across their ranges.
Volkswagen faces overwhelming demand for its ultra-efficient XL1, with far more interested buyers than the 200 units it plans to produce.
Organisers have called off Italy’s only annual car show for 2013 as manufacturers pull out in the face of falling sales and tighter budgets.
Chrysler has reduced SRT Viper output by a third, responding to low demand and a backlog of unsold cars at dealerships across the United States.
Ford says US auto sales cooled in September after August reached a six-year high, with industry forecasts pointing to a lower annualised rate for the month.
Nissan, Audi and Chevrolet lead a surge in diesel offerings, with the US market expected to see around 40 diesel models by the end of the 2014 model year.
Volkswagen is expanding its compressed natural gas car range in Europe, aiming to replicate the strong sales of its TDI diesel models with new MQB-based offerings.
A row over air conditioning refrigerants, with regulatory uncertainty and safety concerns, is holding up deliveries and threatening Europe’s fragile sales rebound.
Opel has ended its Australian operations after disappointing sales, leaving existing customers with support commitments and raising questions about the future of its models in the country.
Analysis shows plug-in hybrids and pure electric vehicles are now rivalling petrol models on total ownership cost, with battery prices dropping and sales rising through mid-2013.
Volkswagen is preparing to expand its Brazilian range from 2014, with the Up city car, Taigun small SUV and a revised Fox expected to join the local line-up.
Ford sold 10,263 Mustangs in June 2013, outpacing the Chevrolet Camaro by more than 3,000 units despite both models posting lower year-on-year sales.
Jaguar’s global sales climbed to 7,061 vehicles in May 2013, offsetting a drop at Land Rover and highlighting strong demand for the new F-Type convertible.
Strong demand for the new Quattroporte, especially in Asia and North America, has brought Maserati 8,000 bookings since the luxury saloon’s debut.
Alfa Romeo confirms 1,000 orders for the 4C coupé, matching its entire European allocation for the year, as first deliveries are set for September 2013.
Porsche confirmed in May 2013 that the 918 Spyder hybrid supercar remained available to order, while McLaren's P1 and Ferrari's LaFerrari approached sell-out.
Volkswagen will launch 60 new and refreshed models by the end of 2013 and expand its dealer network in emerging markets to offset falling sales in Europe.
GM plans to triple Cadillac sales in China by 2015 by expanding into tier-two and tier-three cities, increasing local production, and adding new dealerships.
Skoda delivered 83,800 vehicles worldwide in March, down 12% year-on-year, with the Octavia model changeover and weak European demand weighing on results.
Alfa Romeo plans to triple global sales to over 300,000 vehicles by 2016, banking on fresh models and a renewed push into the US market after nearly two decades away.
Hyundai Motor and Kia Motors have surpassed 50 million vehicles sold worldwide, with the milestone reached as shipments of Avante, i30 and Tucson ix models left for the US in early 2013.