DETROIT (Reuters) – The 16-day U.S. government shutdown in early October appeared to dampen consumers’ appetite for new cars, as seven of the top eight automakers reporting monthly sales on Friday missed analysts’ expectations.
Industry sales in October rose 10.6 percent to 1,208,036 vehicles, according to industry research firm Autodata. Analysts had expected a 12 percent increase.
DETROIT, Nov 1 (Reuters) – U.S. October auto sales for Ford
Motor Co and Chrysler Group LLC rose by
double-digits from a year earlier, but missed analysts’
Automakers reporting monthly sales on Friday were expected
by analysts to show a gain of 12 percent to about 1.22 million
vehicles, or 15.4 million vehicles on a seasonally adjusted
DETROIT (Reuters) – General Motors Co (GM.N: Quote, Profile, Research) on Wednesday posted a better-than-expected third-quarter profit as the U.S. automaker’s new lineup of pickup trucks and other revamped models boosted North American results.
While GM’s China operations remained stable, profit margins in the core North American market hit a two-year high on the strength of vehicles like the Chevrolet Silverado pickup and Impala sedan which allowed GM to boost pricing by $400 million.
DETROIT (Reuters) – General Motors Co (GM.N: Quote, Profile, Research) on Wednesday posted a better-than-expected third-quarter profit as the U.S. automaker’s new lineup of pickup trucks and other revamped models boosted North American results, and revenue rose in Europe for the first time in two years.
The strong showing in North and South America and the improvement in Europe offset the decline in Asian markets outside China, including India and Southeast Asia.
DETROIT, Oct 30 (Reuters) – General Motors Co on
Wednesday posted a better-than-expected quarterly profit on
strong results in its core North American market and the first
revenue increase in Europe in two years.
GM Chief Financial Officer Dan Ammann said the No. 1 U.S.
automaker’s European unit remains on track to achieve its target
of breaking even in the next year or so.
DETROIT, Oct 28 (Reuters) – Toyota Motor Corp’s
reputation for quality took a hit on Monday when influential
magazine Consumer Reports pulled its recommendation on three of
the Japanese automaker’s vehicles, including its popular
flagship Camry sedan, due to poor crash test results.
While Toyota’s luxury Lexus and namesake brands were ranked
most reliable in the U.S. auto industry in Consumer Reports’
annual new-car reliability survey, the magazine said it will no
longer recommend the Camry, Prius v model or RAV4 sport utility
vehicle because they received “poor” ratings in a crash test
started last year by the Insurance Institute for Highway Safety.