Reuters - U.S. auto sales plunged by 36 percent in December led by outsized declines at Chrysler LLC, Hyundai Motor (005380.KS) and Toyota Motor Corp(7203.T) as the battered industry closed out its weakest year since 1992 in its largest single market.
FCA Canada Inc.’s sales plunged 14 per cent in July as the company adopted a new way of counting its transactions following a reporting scandal south of the border.
The decline was led by a 63 per cent drop in Fiat-brand vehicles and a 31 per cent drop in Chrysler-brand vehicles. Excluding fleet sales, the overall decline was 16 per cent.
BEIJING (Reuters) - Toyota Motor Corp will likely delay building its premium Lexus brand in China for at least a few years, as growth in China's auto market slows to a crawl and a weak yen makes it cheaper to keep making cars in Japan.
BENGALURU: In a significant and potentially risky move in an Indian market that global automakers use as a test-bed for smaller, no-frills cars, Toyota Motor Corp is betting on pricier premium models offering better safety and quality. The Japanese automaker has been in India for almost two decades, but has failed to displace rivals Maruti Suzuki and Hyundai Motor, which together control around two-thirds of a market skewed towards cars costing less than $7,000. Now, Toyota aims to buck that trend by focusing on quality over quantity.
TORONTO The Canadian subsidiary of Fiat Chrysler Automobiles reported an 18 per cent plunge in September vehicle sales, its third straight month of double-digit declines as the company deals with the ongoing fallout of a fraud investigation in the United States.
FCA Canada Inc. said Monday it sold 19,639 vehicles in September, down 18.2 per cent compared to the same month in 2015. All of FCA’s brands reported sales declines, including a 12 per cent drop in the hugely popular Jeep label.
Despite blatant criticism on hydrogen fuel cell technology by Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk, Toyota Motor Corp (ADR) (NYSE:TM) is still backing itself to roll out an alternate fuel vehicle it thinks can create an impact as profound as that of its Prius hybrid.
DETROIT — Chrysler Group LLC on Friday said that late-month snow and ice storms pressured U.S. auto sales, causing the industry to show only a 1% gain over last year, missing expectations of a 4% increase.
“It looks like the bad weather kept the sales penned in,” said Chrysler spokesman Ralph Kisiel.
December’s late-month holiday period is generally one of the biggest selling times at U.S. auto dealerships each year.