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Press Releases

Nissan-Renault seize lead in first half global vehicle sales

TOKYO— The alliance of Japanese automaker Nissan Motor Co. and Renault SA of France led in global vehicle sales for the first half of this year, the first time it has claimed top rank, beating perennial top-sellers Volkswagen, Toyota and General Motors. That was more than Volkswagen AG at 5,155,600, and Japanese rival Toyota Motor Corp., which said Friday it sold...

Source: The Associated Press

GM Cadillac chief outlines plan for fewer sedans, more electrics

DETROIT, July 27- The head of General Motors Co's Cadillac luxury division said on Thursday the brand will shrink its lineup of sedans and expand its offerings of sport utility vehicles and hybrid and electric vehicles in response to market shifts. However, in the United States, now the brand's second largest market behind China, Cadillac sales are down 1.6...

Source: Reuters

A company owned by Bill Gates is placing ads in Netflix and Amazon shows

Think there are no ads on Netflix and Amazon? You may have missed them.

Source: CNBC.com

UPDATE 5-Ford results foreshadow tougher times for Detroit automakers

DETROIT, July 26- Ford Motor Co on Wednesday joined rival General Motors Co in reporting higher-than-expected second-quarter profits, and in the next breath warning of a rougher ride for the rest of the year. Ford's new Chief Executive, Jim Hackett, on Wednesday promised investors a rethink of Ford's spending, marketing and investment strategy within his first...

Source: Reuters

Ford earnings top Wall Street expectations; raises full-year forecast

Ford reported quarterly earnings and revenue that beat analysts' expectations on Wednesday.

Source: CNBC.com

Hyundai saw its net profit slashed, and it has the US and China to blame

Hyundai Motor's bleak results stretched into a 14th straight quarter as sales continued to sag in China, its biggest market, and the U.S.

Source: Reuters

Trump administration may freeze fuel economy standards

The National Highway Traffic Safety Administration said it will review the CAFE standards for the model years 2022-2025.

Source: CNBC.com

Op-Ed: This is the next challenge for General Motors and CEO Mary Barra

Here's what General Motors CEO Mary Barra needs to do next to get the auto maker back into power mode, says Breakingviews' Tom Buerkle.

Source: Breakingviews

UPDATE 2-U.S. may revise 2021 fuel efficiency standards, freeze targets

WASHINGTON, July 25- The U.S. Transportation Department said on Tuesday it may revise auto fuel efficiency requirements starting with the 2021 model year, a year earlier than previously disclosed, and could adopt lower standards through 2025.. The Alliance of Automobile Manufacturers, a trade group representing General Motors Co, Volkswagen AG, Toyota Motor...

Source: Reuters

GM shares hurt as investors question whether automaker can deal with slowing US market

General Motors is cranking out the type of earnings it could only imagine a few years ago, but investors are acting like the automaker is stuck in neutral.

Source: CNBC.com