October 23, 2014
- Quick Spin: 2015 Toyota Tundra TRD Pro Toyota might not be able to keep up with American pickup manufacturers in terms of sales, but that doesn't mean its fullsize Tundra isn't a wholly baked, tough truck. In an effort to attract new buyers, Toyota has released this off-road-ready TRD Pro variant for 2015. Senior Editor Steven Ewing takes one for a quick spin to see what's what. Is Hyundai's new Sonata in a sales slump? The 2011 Sonata was a massive step forward for...
- Strattec Security Corp. on Thursday reported record sales and profit in its fiscal first quarter, thanks to a spike in sales of service parts tied to the General Motors Co. ignition switch recall.
- Runtime: 6:37 - Honda Cuts Executive Pay Over Recalls - Scion Teases iM Concept - Spain Sales Soar - GM’s 3rd Quarter Looks Decent - Daimler Posts Spectacular Numbers - Strikes Hurt Hyundai’s Bottom Line - Ford Adds Automated Technology - Terra’s New Electric Scooters Visit our sponsors to thank them for their support of [...]
- General Motors recently announced its best third-quarter unit sales since 1980 with over 2.4 million vehicles sold globally. Now, the automaker has put out the financial portion of its Q3 results, and as the previous figures suggested, GM did very well for the quarter. It even beat analysts' predictions. GM's net income for Q3 was $1.4 billion, which was twice as much as its $700 million in income for the same quarter in 2013. The strong performance could have been even better, too, as the...
- With a number of new or refreshed model launches throughout the year, margins as well as unit sales should continue to remain strong. Furthermore, a slew of model refreshments under the Chevrolet and Cadillac brands have pushed up the average pricing and helped GM realize higher margins.
- Customers in North America clamored for General Motors' trucks and SUVs in recent months, and this strong demand proved to be a boon to the automaker's bottom line: the company reported stronger-than-expected third quarter earnings results Thursday morning, beating the Wall Street consensus and sending the stock for an early-morning gain.
Nielsen statistics show Chinese consumers are more interested in autonomous technology than the US and Germany. China's auto market continues to grow, and it's having an increasingly important effect on the bottom line for all automakers worldwide. Just look at examples like General Motors' strong recent growth or Porsche's expanding sales. In addition to being vital for business, some industry watchers think the nation's huge consumer force...
October 22, 2014
- GM supported Gov. Rick Snyder's decision to ban direct-to-consumer automotive sales in the state.
- It’s official: Tesla has been banned from directly selling its wares to customers in Michigan. Michigan governor Rick Snyder signed into law HB 5606, now known as Public Act 354 of 2014. The act not only prohibits automakers from telling their dealerships what fees the latter can charge customers, but reinforces a law already on […] The post Tesla Direct Sales Banned In Michigan, GM Supported Signing appeared first on The Truth About Cars.
October 21, 2014
- The Bailout Baby is crying foul at Tesla Motors' direct-to-consumer sales approach.