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October 11, 2008 12:37:34 AM CDT

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Stories related to: auto sales

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  • March 2008

    • Car Makers Prepare for a Crash

      Wall Street Journal  |  Mar 20, 08 9:06 AM CDT

      Car Makers Prepare for a Crash

      (Newser) - The slumping US  economy is casting shadows over the New York Auto Show, as industry forecasters this week cut their projections for sales of new cars and light trucks in 2008 to less than 15 million, the lowest level in 14 years. Chrysler, GM, and Ford, who had been projecting sales of 15.5 to 15.7 million, are preparing for a fresh round of belt tightening, the Wall Street Journal reports . More »

      Tags

      General Motors  • Ford  • Chrysler  • auto sales  • Robert Nardelli  • New York International Auto Show

    • Porsche Speeds to $225B Euro Empire

      Financial Times (UK)  |  Mar 4, 08 2:43 AM CST

      Porsche Speeds to $225B Euro Empire

      (Newser) - The map of Europe's car and truck industry is set to be redrawn with Porsche's likely takeover of Volkswagen, the Financial Times reports. Porsche's board voted to boost the sports car manufacturer's stake in Volkswagen to more than 50% yesterday, only hours after Volkswagen said it would buy a controlling interest in Swedish truck company Scania. The combined $225 billion company would be the biggest car and truck firm in Europe. More »

      Tags

      auto industry  • Europe  • merger  • auto sales  • Volkswagen  • Porsche

    • US Car Sales Sink in Slow Economy

      Bloomberg  |  Mar 3, 08 9:45 PM CST

      US Car Sales Sink in Slow Economy

      (Newser) - A tumbling US economy hit Ford, General Motors, Chrysler, and Toyota today as all four posted declining sales for last month, Bloomberg reports. Chrysler fell 14% as Ford dropped nearly 7% and GM suffered almost a 20% drop in light truck sales. "Primarily it's driven by the weak economy,'' one analyst said. "It's been difficult for people to refinance and get credit.'' More »

      Tags

      US economy  • gas prices  • auto industry  • General Motors  • Ford  • Chrysler  • Toyota  • auto sales

  • January 2008

    • Toyota, GM In Tie for Top Automaker

      Wall Street Journal  |  Jan 23, 08 9:28 AM CST

      Toyota, GM In Tie for Top Automaker

      (Newser) - Toyota has finally caught up with GM, after years of growing roughly five times as fast. GM’s sales rose 3% in 2007, to 9,369,524 vehicles, but it was only enough to tie Toyota, which last week announced sales of approximately 9.37 million, ending GM’s 76-year reign  atop the world’s automakers, the Wall Street Journal reports. More »

      Tags

      auto industry  • General Motors  • Toyota  • auto sales  • automaker

    • GM Sees Light at End of Tunnel

      Wall Street Journal  |  Jan 18, 08 10:05 AM CST

      GM Sees Light at End of Tunnel

      (Newser) - Overseas sales expansion and reduced labor costs over the next three years will bring “significant” profit increases to General Motors, CEO Rick Wagoner told analysts yesterday. Wagoner also asked investors for patience as share prices continue slipping in a worsening US economy, reports the Wall Street Journal. He said production cuts could accelerate if sales slow further. More »

      Tags

      US economy  • General Motors  • Detroit  • auto sales

    • 2008's Most Overpriced Vehicles

      Forbes  |  Jan 6, 08 9:37 AM CST

      2008's Most Overpriced Vehicles

      (Newser) - Don’t be fooled by a dealer discount when buying a new car—it might just be a sign that the car is priced too high to begin with. Forbes names the vehicles it finds the most overpriced: Dodge Ram 1500 Mercury Grand Marquis Ford F-150 Dodge Durango GMC Envoy More »

      Tags

      list  • car  • auto sales  • trucks  • Dodge  • Ford F 150  • Jeep Grand Cherokee  • Dodge Ram 1500  • Mercury Grand Marquis

    • Ford Sales Slump in December

      Wall Street Journal  |  Jan 3, 08 1:15 PM CST

      Ford Sales Slump in December

      (Newser) - Ford Motor Co. reported a 9% dip in US sales of cars and light trucks between last December and December 2007, capping off a dismal year for the company and the auto industry, the Wall Street Journal reports. Ford, which is third in US auto sales behind Toyota and leader General Motors, saw light-vehicle sales fall 12% in 2007 overall. More »

      Tags

      US economy  • auto industry  • Ford  • car  • auto sales  • vehicles

  • December 2007

    • Toyota Poised to Overtake GM

      Reuters  |  Dec 25, 07 8:00 AM CST

      Toyota Poised to Overtake GM

      (Newser) - Toyota, the most profitable automaker in the world, says it will increase production by 5% to a record 9.95 million vehicles in 2008, opening up a lead over General Motors, Reuters reports. Toyota, which sold 9.36 million vehicles in 2007, also expects sales to increase 5% in 2008 to 9.85 million units. More »

      Tags

      auto industry  • General Motors  • Detroit  • Toyota  • auto sales  • automaker  • sales

    • Nov. Sales Languish for Big 3

      Wall Street Journal  |  Dec 4, 07 8:35 AM CST

      Nov. Sales Languish for Big 3

      (Newser) - Ford and GM will join Chrysler in cutting production in early 2008, reports the Wall Street Journal today, following sluggish November sales and anticipated weak demand driven by continued economic fallout. Only Ford saw a modest 0.6% improvement in US sales last month, while GM sales were down 11% and Chrysler 2%. More »

      Tags

      auto industry  • General Motors  • Ford  • Chrysler  • Toyota  • auto sales  • Honda  • automaker

  • September 2007

    • August Retail Sales Fail to Meet Forecasts

      Bloomberg  |  Sep 14, 07 10:47 AM CDT

      August Retail Sales Fail to Meet Forecasts

      (Newser) - Retail sales were up last month, but the .3% rise failed to meet expectations, and if automobile sales are excluded, sales actually fell by .4%—the steepest drop in a year. The August sales figures provide more fodder for an interest-rate cut when the Fed meets next week. “The consumer is pulling back a bit,” one analyst tells Bloomberg. More »

      Tags

      Federal Reserve  • housing market  • retail sales  • auto sales  • wages  • payrolls

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