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The new-car market in the United States experienced a gradual recovery in 2010, according JATO Dynamics, a provider of automotive intelligence.
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Despite three automakers reporting sales gains and the world’s largest retail association predicting that December will see the biggest increase in spending since 2006, the Conference Board reported that consumer confidence dipped in the year-end month for the first time in two months.
Read More →Ford Motor Company has named K.R. Kent, currently chief financial officer of Ford Motor Credit Company, to the newly created position of executive director of investor relations.
Read More →ALG today announced that Toyota’s perceived quality score (PQS) registered a sharp 5 percent increase in the last six months, with the carmaker bouncing back to second place from sixth among mainstream brands in ALG’s Fall 2010 Perceived Quality Study.
Read More →Ford Motor Co. reported record third-quarter net income of $1.69 billion and said it will pay down its debt faster than planned.
Read More →The latest “Residual Value Report” from DealerTrack subsidiary ALG anticipates “healthy growth” for domestic and import brands in the United States over the next two years, with new vehicles and redesigned standbys helping the Detroit Three stay competitive.
Read More →This month's new-vehicle sales (including fleet sales) are expected to be 1,028,200 units, a 17.7 percent decrease from August 2009 and a 1.4 percent decrease from July 2010, according to Edmunds.com.
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Jumpstart Automotive Group says Ford Motor Company's recent Facebook unveiling of its 2011 Ford Explorer scored big with in-market car shoppers, spurring a 104 percent increase in the number of visitors to the automotive media and marketing organization's Ford Explorer pages.
Read More →Zhejiang Geely Holding Group Co. Ltd. (Geely Holding Group) announced Monday that it completed the acquisition of Volvo Car Corporation (Volvo Cars) from Ford Motor Company.
Read More →Ford Motor Company and Ford Motor Credit both reported second-quarter profits last week, improving on the results from the year-ago period.
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