U.S. car sales revved up again in June after lackluster May sales numbers as consumers continued to flock to dealer lots to replace aging vehicles and buy new trucks and crossover SUVs.
June U.S. car sales rose across the board, surging above the 14 million unit seasonally adjusted annual rate (SAAR) of sales after a lackluster May, indicating a continued recovery for the industry that will likely carry through the second half.
Detroit?s carmakers saw strong June U.S. car sales with Chrysler Group LLC, a subsidiary of Italian Fiat SpA (Milan: F), reporting 20 percent year-over-year sales growth and Ford Motor Co. (NYSE: F) reporting more modest 7 percent sales gains.
Chrysler Group LLC, a subsidiary of Italian Fiat SpA (Milan: F), reported June sales rose 20 percent compared to the year before, making it the best June sales month in five years.
Fiat S.p.A. plans to close its headquarters in Mirafiori, Italy for eight additional working days this summer to save ?8 million ($10.1 million) following lackluster European profits for the company.
Chrysler Group LLC, a subsidiary of Italian Fiat S.p.A. (Milan: F), reported May U.S. auto sales up 30 percent, the best showing for the month in five years and the 26th consecutive month of year-over-year sales gains for the revivified company.
General Motors Company (NYSE: GM) rocked the automotive and advertising worlds with its announcement Tuesday that it will stop buying advertisements on Facebook Inc. (Nasdaq: FB), a value of roughly $10 million a year, on the eve of social networking site's monster IPO. The rest of the automotive industry's major players are not following suit, though, Ford Motor Company (NYSE: F), banking on the strength of the network effect, is actually upping its investment.
Chrysler Group LLC is recalling 119,072 2011 and 2012 model year Dodge Charger and Chrysler 300 cars because of potential antilock braking system failure caused by an overheated power distribution center.
U.S. light vehicle sales increased 2 percent in April to 1.2 million cars on continued high demand for fuel-efficient cars, and sales are projected to continue at a strong clip, maintaining an annualized rate of 14.4 million.
General Motors Company (NYSE: GM), the world's largest car company, reported an 8.2 percent drop in April sales on declining fleet sales and fewer selling days compared to the year before.
Ford Motor Company (NYSE: F) sales dropped 5 percent in April, despite sales growth for its Explorer, F-series trucks, Fusion and Edge vehicles, the company reported Tuesday.
Chrysler Group LLC said Tuesday that U.S. auto sales rose by 20 percent in April, the strongest result in four years and another sign of a resurgent auto industry.
U.S. automobile sales last quarter beat predictions for the first time since 2008 as demand for small and fuel-efficient cars, strong fleet sales and pent-up demand drove sales up to 14.5 million cars on a seasonally adjusted annual selling basis, according to J.D. Power and Associates and LMC Automotive.
Alfa Romeo will once more grace the streets of the U.S. with its fashionable wheels and seductive curves decking out the new 4C by the end of 2013, and the 4C trademark was issued on April 10, according to a new release posted by the U.S. Federal News Service.
U.S. sales of autos surged in March as consumers decided to replace aging gas-guzzlers and take advantage of low interest rates, especially to buy fuel-efficient vehicles.
Fiat S.p.A. subsidiary Maserati S.p.A. plans to increase sales by at least 900 percent by 2015, CEO Harald Wester reportedly said on the sidelines of the Geneva Motor Show 2012 where it debuted its new Maserati GranTurismo Sport last week, Auto News reported Sunday.
Auto parts maker Visteon Corp. said Monday that it will sell its automotive lighting business to the India-based Varroc Group for $92 million in cash, a deal the company expects to close in the third quarter of 2012.
Chrysler Group LLC chief executive Sergio Marchionne received no salary or stock awards from Chrysler in 2011, according to the annual report filed by the company.
Fiat SpA and Chrysler Group LLC CEO Sergio Marchionne said Tuesday at the Geneva Motor Show that production of the highly anticipated Dodge Dart may be pushed back from April 1 to April 2.
Fiat SpA is searching for an Asian partner following the solidification of an alliance between General Motors Co. and PSA Peugeot Citroën, Bloomberg reports.
Seventy-five years ago, Mopar began as a name for an antifreeze product. That antifreeze brand has grown into the global automobile parts and service arm of Chrysler Group LLC, and its latest announcement further expands its global footprint.
Sales at U.S. retailers climbed slightly in January as Americans took advantage of post-holiday promotions, and although Tuesday's data fell short of economists' median projection, it still provided yet another hopeful sign of a strengthening economy.
