Sales

Ford warns on UK leaving EU

March 4, 2015 16:23 CET
Ford of Europe CEO Jim Farley said the UK needs to stay in the EU to keep its manufacturers at the forefront of global production. "We really believe that the UK being part of the EU is critical for business," Farley said in a radio interview.... Read More »

 

ZF-TRW deal to be approved by EU regulators, report says

1:48 pm U.S. ET | March 4, 2015
EU antitrust regulators are expected to clear German car parts maker ZF Friedrichshafen's $13.5 billion bid for US peer TRW Automotive Holdings with conditions, two people with knowledge of the matter told Reuters today.... Read More »

 

FEBRUARY U.S. AUTO SALES

U.S. sales rise 5.3% as wintry weather takes toll

8:00 am U.S. ET | March 3, 2015
Toyota and Subaru joined a handful of smaller automakers in posting double-digit U.S. sales increases for February as severe winter weather crimped demand more than analysts had forecast. Most companies posted modest gains as the overall industry rose 5.3 percent. While last month's pace trailed January's hot start, the industry has taken solid early strides towards its sixth year of sales advances since the recession.... Read More »

 

DAVE GUILFORD

Ford, Farley hope for success in U.S.-Russian diplomacy

12:01 am U.S. ET | March 3, 2015
Jim Farley, newly installed as head of Ford of Europe, on Monday vowed that the money-losing unit is “going to make progress in spite of the headwinds.”... Read More »

 

DAVE GUILFORD

Ford, Farley hope for success in U.S.-Russian diplomacy

8:36 pm U.S. ET | March 2, 2015
Jim Farley, newly installed as head of Ford of Europe, on Monday vowed that the loss-making unit is “going to make progress in spite of the headwinds.”... Read More »

 

DAVE GUILFORD

Russia, weak euro form backdrop for Geneva show

12:28 pm U.S. ET | March 2, 2015
Automakers usually don’t overreact to international tensions and currency fluctuations. That’s why the comments coming from auto execs on the verge of the Geneva auto show are so striking.... Read More »

 

As election nears, automakers fear UK exit from EU

Feb. 26, 2015 12:32 CET
Automakers with production in the UK are increasingly worried about the prospects of the country leaving the European Union. Prime Minister David Cameron has said he will offer an in-out referendum on EU membership if he wins a general election in May.... Read More »

 

ZF offers EU concessions in $13.5 billion TRW deal

Feb. 20, 2015 13:36 CET
ZF Friedrichshafen has offered concessions in a bid to secure European Union approval for its $13.5 billion takeover of TRW Automotive Holdings.... Read More »

 

JANUARY U.S. AUTO SALES

Automakers ride truck wave to 14% gain

8:00 am U.S. ET | Feb. 3, 2015
U.S. light-vehicle sales rose 14 percent to 1.15 million in January, driven by low gasoline prices that fueled truck sales and signaled another year of growth for the industry. GM, Ford, Fiat Chrysler, Nissan, Toyota and Honda all posted gains of at least 12 percent, with General Motors' 18 percent advance leading the pack. Among smaller brands, Subaru carried its hot streak into the new year while demand for Volkswagens remained cool.... Read More »

 

GM to suspend output in Russia

12:01 am U.S. ET | Feb. 2, 2015
The weak and volatile Russian ruble has forced General Motors to suspend production at its St. Petersburg, Russia, assembly plant from mid-March until mid-May.... Read More »

 

After ending its long downturn, Europe sees positive signs in 2015

12:01 am U.S. ET | Feb. 2, 2015
Europe's six-year sales slump finally ended in 2014 as more than 80 percent of the brands competing in the region reported a year-on-year increase.... Read More »

 

Auto bosses say billions in savings at stake if EU-U.S. trade deal fails

Jan. 28, 2015 19:41 CET
The CEOs of Germany's top auto companies said Wednesday that they could save roughly 5 billion euros in annual costs if the European and U.S. governments can agree on a landmark free trade deal.... Read More »

 

Zetsche, other top auto chiefs to lobby for EU-U.S. trade deal

Jan. 27, 2015 21:06 CET
Daimler CEO Dieter Zetsche, Volkswagen boss Martin Winterkorn and other captains of Germany's automotive industry have gathered in Berlin today to try to rally support for a transatlantic free trade deal that faces potential collapse.... Read More »

 

Auto sales forecast calls for a hot January

4:00 pm U.S. ET | Jan. 27, 2015
Forecasters say U.S. auto sales have begun 2015 much stronger than 2014, when a deep freeze kept shoppers away from many dealerships in much of the country. General Motors is expected to post nearly a 20 percent increase, with the other Detroit 3 automakers also on track for double-digit gains.... Read More »

 

EU regulators to rule on ZF's bid for TRW by Feb. 26

Jan. 23, 2015 15:09 CET
EU antitrust authorities will decide by Feb. 26 whether to approve German supplier ZF Friedrichshafen's $13.5 billion bid for U.S. rival TRW Automotive.... Read More »

 

Ghosn lifts European car market forecast on eurozone stimulus plan

Jan. 22, 2015 22:41 CET
Renault CEO Carlos Ghosn upgraded his European car market growth forecast after the European Central Bank unveiled a bond purchase program to boost the continent's flagging economy. Ghosn now expects Europe's auto market to grow by at least 2 percent in 2015.... Read More »

 

Volkswagen starts sales of black-box recorder for vehicle data

Jan. 14, 2015 18:18 CET
Volkswagen plans to sell a black box in Austria that records trips and tracks the location of a car. The box will be available for new and old VW and Audi models. VW plans to expand the service to other European markets.... Read More »

 

2014 finishes strong with 'plenty of room for upside'

5:15 pm U.S. ET | Jan. 5, 2015
Tempting incentives and clearer roads pulled U.S. consumers into dealerships for a big December to close another strong sales year. Automakers sold 1.5 million light vehicles last month, up 11 percent. The seasonally adjusted annualized selling rate was 16.92 million, the third best month of the year behind August and November.... Read More »

 

U.S. sales forecast to rise 10% in Dec. on deals, falling gas prices

11:45 am U.S. ET | Dec. 31, 2014
Forecasters say U.S. new-vehicle sales likely jumped 10 percent in December, bringing the total for 2014 to 16.5 million, beating even the most optimistic projections from early in the year. The month was filled with good reasons for consumers to buy a new car or truck: big discounts, very little snow and gasoline prices falling like a rock.... Read More »

 

Setting the stage for a 'huge' December

5:30 pm U.S. ET | Dec. 2, 2014
Timely automaker Black Friday promotions and a strong economy drove U.S. auto sales higher in November. Look for more of the same this month.... Read More »

 

NOVEMBER U.S. AUTO SALES

Light trucks, holiday discounts drive volume up 5%

8:00 am U.S. ET | Dec. 2, 2014
Spurred by a 20 percent gain at Chrysler Group and aided by Black Friday discounts and light-truck demand, U.S. light-vehicle sales jumped 5 percent last month, pushing the annualized pace of deliveries above 17 million for the second time this year. The seasonally adjusted annual rate of 17.2 million fell shy of August's 17.5 million. But it showed that demand remains robust as the industry winds up its fifth year of recovery since the recession.... Read More »

 

EU will hint at future new-car CO2 targets

Nov. 28, 2014 06:01 CET
The European Commission next month will outline progress on future emission targets for new cars sold in the EU, giving automakers a clearer look at the billions of euros in investment that will be needed to meet tougher goals.... Read More »

 

OCTOBER U.S. SALES

Chrysler, Nissan set pace as U.S. sales rise 6% on truck demand

6:00 am U.S. ET | Nov. 3, 2014
U.S. light-vehicle sales, led by double-digit increases at Chrysler Group and Nissan Motor, rose 6 percent last month to 1.28 million, matching forecasts, with crossovers and light trucks fueling much of the industry's gains. The seasonally adjusted annual sales rate, a broad measure of the industry's health, hit 16.5 million, slightly above projections and up 7 percent from 15.4 million a year earlier. The SAAR has now topped 16 million every month beginning with March.... Read More »

 

Carmakers face uncertainly from EU's 2030 CO2 goals

Nov. 1, 2014 06:01 CET
The EU's new 2030 climate and energy targets create uncertainty for automakers because they let member states decide whether to include transport pollution in the EU's carbon emissions trading system.... Read More »

 

EU will allow car emissions into carbon trading market

Oct. 23, 2014 13:55 CET
The European Union will make it easier to bring road transport emissions into the carbon trading market, a move critics say could empower carmakers to push back against more effective curbs on greenhouse gases.... Read More »

 

 
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