General Motors Co.’s second-quarter profit beat analysts’ estimates, helped by a surge in U.S. pickup sales, as the company begins to refresh its lineup with new trucks to go with the heralded Impala sedan.
Profit excluding one-time items was 84 cents a share, GM said, exceeding the 77-cent average of 13 estimates compiled by Bloomberg. That compares with 90 cents a share a year earlier.
In a press release on Tuesday, General Motors Company (GM) announced the prices of its two new mid-size trucks, the Chevrolet Colorado and the GMC Canyon, that are expected to be re-launched in the fourth quarter of the current year. The Chevrolet Colorado will be launched at a base price of $20,995, and the GMC Canyon will start at a base price of $21,880. The new mid-size trucks will be produced at the company’s Wentzville assembly plant.
Fiat will unveil its new pint-sized Fiat 500X in an auto show in Paris on Thursday, responding to increased global demand for fuel-efficient and compact SUVs. The new Fiat 500X will be launched in Europe early next year, and will enter the US auto market by the end of the same. The company also aims to make the compact SUV available in over 100 countries by the end of 2015.
Fiat Chrysler Automobiles makes its Wall Street debut to great fanfare on Monday, listing on New York Stock Exchange. The move shifts the carmaker's center of gravity away from Italy and caps a decade of canny dealmaking and tough restructuring by CEO Sergio Marchionne.
DETROIT — Ford Motor Co on Tuesday will launch a new luxury version of its F-150 pickup truck that could command prices above US$60,000, answering growing demand from U.S. consumers for trucks that could substitute for a higher end German sedan.
The 2016 Ford F-150 Limited will go on sale later this year, and will be a step up from the automaker’s current top-of-the-line pickup, the F-150 Platinum.
Sheila Cockrel remembers one early sign of Detroit’s decline: The retailer J.L. Hudson’s turned off the lights on floor after empty floor as shoppers abandoned the world’s tallest department store for new suburban malls.
“That’s nobody’s fault, that’s what happens in culture,” said the former Detroit councilwoman who now teaches history at the city’s Wayne State University. “You have these larger economic forces in play.”