Japan's big three, Nissan, Toyota and Honda gained big in sales while Ford and GM had lackluster showings.
General Motors Company (NYSE: GM) on Wednesday reported July U.S. car sales fell 6 percent compared with the year before as retail sales fell modestly and fleet sales plummeted.
July US car sales diverged for American manufacturers Ford and Chrysler, the first two carmakers to report sales for the month.
Ford Motor Company (NYSE: F) reported U.S. July car sales were down 4 percent compared to the year before due to weak fleet sales.
The week is chock-full with data releases that will confirm if the summer malaise continued in July. As always, Friday's employment report will carry the most weight. Another highlight of this week is the much anticipated Federal Open Market Committee meeting on Tuesday and Wednesday.
Ford Motor Company (NYSE: F) is recalling 485,000 model-year 2001 to 2004 Escape crossover SUVs, owing to a risk of unintended acceleration from stuck throttle pedals, according to the Detroit Free Press.
Ford Motor Co. (NYSE: F) profits are expected to fall precipitously for the second quarter of 2012 compared to the same time last year, largely due to continued losses abroad, particularly in Europe.
Next week's barrage of earnings releases offers further guidance on the health of U.S. companies.
Next week's barrage of earnings releases offers further guidance on the health of U.S. companies.
Ford Motor Company (NYSE: F) is making moves to expand production in India to feed a growing export market in the company's Asia Pacific and Africa region.
Ford Motor Company (NYSE: F) joined Toyota in recalling cars because the carpeting got in the way. Ford is recalling 8,266 brand new 2013 Escape cars because the carpet can get in the way and make it hard to put on the brakes.
The number of Americans lining up for new jobless benefits last week had its biggest decline in four years, the Labor Department said Thursday, but one-time factors such as fewer auto-sector layoffs than normal plus the July 4 holiday likely caused the sharp decline.
Ford Motor Company, Ellie Mae Inc, Infosys Ltd, ArcelorMittal, Banco Santander S.A., Nokia Corporation and Deutsche Bank AG are among the companies whose shares are moving in pre-market trading Monday.
All major automakers posted big gains in pickup truck sales in June, usually a slow month for pickup truck sales, as contractors replaced old trucks because of a rebound in construction and new home starts.
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.
Ford reported Tuesday that June sales rose 7 percent over the year before driven by strong sales of trucks and SUVs.
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.
While this week will be interrupted midway by the Fourth of July holiday, the barbecues and fireworks are unlikely to take away from the importance of Friday's June nonfarm payrolls report. Monday's ISM manufacturing index will also be in focus.
Ford Motor Company (NYSE: F) must be asking itself when the European automotive market becomes too toxic as sales in the region slump, the euro zone teeters on the brink of disaster and carmaker predicts European losses of close to $600 million in the second quarter.
NASCAR fans are car fans, and the racing league and manufacturers like Toyota that compete in the Spring Cup Series are betting that some design tweaks can energize that fandom as well as dealership sales.
Last week thousands of retirees were suddenly faced by what for many would be the largest financial decision of their lives when both Ford Motor Company (NYSE: F) and General Motors Company (NYSE: GM) announced they would launch immense pension buyout plans unprecedented in the United States.
