Sales

Korea Extends Tax Cut in Bid to Boost Car Sales

June 05, 2019 at 2:18 AM

South Korea is extending a 30% cut in its consumption tax on cars for another six months to bolster sagging auto sales in the country.

Ford Drops Edge in U.K.

June 04, 2019 at 11:56 AM

Ford Motor Co. is discontinuing its Edge midsize crossover vehicle in the U.K.

U.S. Car Sales Slip Again in May

June 04, 2019 at 1:19 AM

Demand for cars and light trucks in the U.S. dipped by 5,200 units to 1.59 million vehicles last month, dragged down by shrinkage for Ford, General Motors and Honda.

22 Brands Opt Out of Frankfurt Auto Show

June 03, 2019 at 12:52 AM

This year’s Frankfurt auto show in September won’t include 22 vehicle brands, according to Automobilwoche.

Report: China’s Car Sales Will Be Flat This Year

May 31, 2019 at 1:43 PM

New-car sales in China will total about 28.1 million this year, unchanged from last year’s volume, the China Assn. of Automobile Manufacturers predicts.

Tesla Takes Orders, Cuts Price for China-Built Model 3s

May 31, 2019 at 10:54 AM

Tesla Inc. has begun accepting orders in China for locally built versions of its Model 3 electric sedan.

Nissan Study Suggests Renewed Interest in Sedans

May 30, 2019 at 12:45 PM

Contrary to recent sales trends, four in five Americans who don’t currently own a sedan say they would consider buying one in the future, according to a study commissioned by Nissan Motor Co. 

Musk Monitoring Tesla Delivery Issues Every 2 Days

May 30, 2019 at 2:13 AM

Tesla Inc. CEO Elon Musk has begun holding conference calls every two days with staff in Asia, Europe and the U.S. to find ways to accelerate its pace of electric-car deliveries.

Has Demand for Luxury Cars Peaked?

May 24, 2019 at 1:26 PM

Worldwide demand for luxury vehicles has plateaued, thereby threatening the business model of Germany’s Audi, BMW and Mercedes-Benz brands, says Jefferies Group LLC.

Thai Auto Exports Drop to 2-Year Low

May 24, 2019 at 1:31 AM

Thailand new-vehicle exports slumped 8% to 67,100 units in April, their smallest volume in two years, the Federation of Thai Industries says.

Global Auto Industry Shedding at Least 38,000 Jobs

May 23, 2019 at 10:04 AM

The world’s major carmakers have announced plans within the past six months to trim at least 38,000 hourly and salaried jobs, and more cuts may be on the way, says Bloomberg News.

Truck Sales in Europe Jump 8%

May 23, 2019 at 2:24 AM

Registrations of commercial vehicles across Europe climbed 8% to 223,300 units in April, their biggest monthly gain all year.