New-Vehicle Sales To Jump 5.4 Percent In October
Oct 27, 2014
Rising Incentive Spend Reveals Slowing in Growth from Recent Years; Jeep Cherokee Driving Fiat Chrysler Success New-vehicle sales are expected to increase 5.4 percent year-over-year to a total of 1.27 million units, resulting in an estimated 16.3 million seasonally adjusted annual rate (SAAR), according to Kelley Blue ... Continue reading
Ford Wins New Three Year Deal with AA Driving School
Oct 25, 2014
Brentwood, Essex, 24 October, 2014 â Around 85,000 AA Driving School learners a year will be at the wheel of Britainâs most popular cars, the Ford Fiesta and Ford Focus. Fordâs exclusive supply agreement with AA Driving School, originally struck in 1998, has been extended for a further three years, up to ... Continue reading
Oct 24, 2014
Ford Motor Company today reported a 2014 third quarter pre-tax profit of $1.2 billion, its 21st consecutive profitable quarter. The companyâs pre-tax profit, excluding special items, was $1.4 billion lower than a year ago. This is more than explained by three factors â lower volume, higher warranty costs and ... Continue reading
Ford Credit Earns Third Quarter 2014 Pre-Tax Profit of $498 Million; Net Income of $718 Million*
Oct 24, 2014
Ford Motor Credit Company reported a pre-tax profit of $498 million in the third quarter of 2014, compared with $427 million a year earlier. The higher pre-tax profit was more than explained by higher volume, reflecting increases in nearly all financing products, including non-consumer and consumer finance receivables ... Continue reading
Oct 24, 2014
Joining Hackett at the 7th annual Innovate conference, hosted by AutoStar Solutions, a panel of auto industry attorneys and regulators reveal five secrets to minimize regulatory headaches. FORT WORTH, TX -- Oct. 24, 2014: Rick Hackett, former Consumer Financial Protection Bureau assistant director focusing on auto lend ... Continue reading
Hyundai Posted an Increase in Sales Due to its Strong Presence in Global Markets
Oct 24, 2014
Hyundai Motor sold 3.62 million units worldwide through 2014 third quarter Sales revenue and net profit stand at 65.68 trillion won and 5.99 trillion won, respectively HIGH WYCOMBE, UK -- October 23, 2014: Hyundai Motor Company, South Koreaâs largest automaker, today announced its 2014 third-quarter business resul ... Continue reading
Oct 24, 2014
Daimler AG (stock-exchange symbol DAI) provided impressive confirmation of its successful course in the third quarter of 2014 with strong growth in earnings as well as new record figures for unit sales and revenue. The Daimler Group sold a total of 637,400 cars and commercial vehicles worldwide, 7% more than in the thi ... Continue reading
Honda Cuts Pay Of President and Other Execs in Fit of Quality Concerns
Oct 23, 2014
TOKYO Thu Oct 23, 2014; Chang-Ran Kim writing for Reuters reported that Honda Motor Co said on Thursday its president and 12 other executives would take an unprecedented, quality-related pay cut after the Japanese automaker announced the fifth recall in a year of its new Fit hybrid model. The recall, which covers 425,8 ... Continue reading
Oct 23, 2014
Marks first company to advance to due diligence phase since program was revamped in early 2014 TROY, Mich., Oct. 23, 2014 -- Elio Motors Inc., makers of the ultra-fuel efficient Elio, announced today that its application for a DOE ATVM loan has passed the first of three phases of review. Now deemed "substantially compl ... Continue reading
GM Financial Reports September Quarter 2014 Operating Results
Oct 23, 2014
Earnings of $158 million Consumer loan and lease originations of $5.8 billion Annualized net credit losses of 2.0% on average consumer finance receivables End of period earning assets of $38.2 billion FORT WORTH, TX -- October 23, 2014: GENERAL MOTORS FINANCIAL COMPANY, INC. (âGM Financialâ or the âCompa ... Continue reading
Oct 23, 2014
A new report from Navigant Research provides a comprehensive overview of the overall light duty vehicle (LDV) market, including global forecasts for annual LDV sales and vehicles in use through 2023. âPlug-in EV markets are expanding rapidly, and are set to grow much more quickly as several major automakers are sl ... Continue reading
Mazda fleet sales up 34 per cent versus 7.4 per cent market rise
Oct 22, 2014
All-new Mazda3 drives corporate sector growth Mazda Contract Hire buoyed by competitive monthly rentals The demand for Mazda cars by company car drivers and fleet managers alike is the reason behind the acceleration of Mazda Motors UK corporate sales that are up a staggering 34 per cent in the first nine months of 2014 ... Continue reading
Toyota: Euopean vehicle Production Passes 9 Million Units
Oct 21, 2014
Burgh Heath Epsom --Toyota is one of Japanâs best-known businesses, but its status as a global manufacturer is witnessed by the fact its vehicle production in Europe has passed nine million units. Local production has flourished to the point where two out of every three Toyota vehicles sold in Europe is built here ... Continue reading
XL Hybrids Announces Four Million Customer On-Road Miles Achieved
Oct 20, 2014
Hybrid electric powertrain innovator to present fleet customer success stories at Southeast Alternative Fuels Conference in Raleigh BOSTON -- October 20, 2014: XL Hybrids, Inc., the pioneering developer of hybrid electric powertrain technology for commercial and municipal fleets, today announced that its fleet customer ... Continue reading
Mercedes-Benz Luxury Sedan on Course of Success: 100,000 S-Class Models Sold in Just One Year
Oct 18, 2014
Over 100,000 S-Class models have been delivered to customers since its market launch a year ago China and USA largest markets for the luxury sedan Ola Källenius: âThe sales figure of 100,000 S-Class models in just one year is the proof: the combination of high-class quality, exemplary efficiency and a host of i ... Continue reading
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