Ian Thibodeau The Detroit News Published 10:16 AM EDT Nov 1, 2018 Fiat Chrysler Automobiles NV's monthly sales figures rose 16 percent in October while Ford Motor Co.'s fell, the automakers reported Thursday. Ford reported its October sales dropped 3.9 percent to 192,616 units. FCA reported strong sales from all of its brands powered the 16 percent improvement compared to the same month a year ago. FCA sold 177,391 vehicles last month, including 141,200 retail units. It's a big leap considering October 2017's sales were inflated by U.S. consumers buying replacement vehicles after hurricanes in the southern U.S. totaled thousands of vehicles. Automakers did have one more selling day in October in 2018 than they did in 2017. Ford's truck sales fell 4.9 percent to 88,725 units. Car sales were off 17.1 percent. SUV sales rose 6.7 percent, the automaker reported. Ford's average transaction price hit $36,800, up $1,400 more than last year. "Our … [Read more...] about FCA sales up, Ford sales down in October
By John Geddie and Aradhana Aravindan SINGAPORE (Reuters) - When James Dyson, the billionaire British inventor of the bagless vacuum cleaner, unveiled a plan to build an electric car plant in Singapore, it raised a few eyebrows. Not only does the land-starved city state have some of the highest average salaries in the world, but it has been nearly 40 years since Ford <F.N> closed its factory in Singapore, effectively ending car production on the Southeast Asian island. "It is a bit of a surprise because of the cost base and no other car manufacturing plant being here," said Shantanu Majumdar, a regional director at consultancy JD Power. Dyson said on Tuesday the decision was based on supply chains, access to markets and the availability of expertise, which offset the cost factor. But what other factors could have influenced the decision? Why not head straight to the biggest electric vehicle market in the world, China, like rival Tesla <TSLA.O>? Here's a look at some of the … [Read more...] about Why did Dyson pick Singapore to build its electric car?
Eric D. Lawrence Detroit Free Press Published 6:00 AM EDT Oct 21, 2018 The Ford F-150 is America’s best-selling vehicle. Jeep is Fiat Chrysler Automobile’s most important brand, accounting for a third of the company's sales. As F-150 is to Ford, is Jeep to FCA? As an analogy, it might not be perfect, but there is gas in that tank. Month after month, Ford’s F-150 is the big sales story for the Dearborn automaker. Even in a month where F-series truck sales dropped almost 10 percent compared with the same time a year ago, Mark LaNeve, Ford vice president of U.S. Marketing, Sales and Service, touted the strength of those sales numbers. “F-Series posted its seventh straight month of sales above the 70,000-truck mark in September. As part of that run, F-Series has exceeded sales of 80,000 trucks three times this year,” LaNeve said in a news release. But Jeep has an "upside potential" for FCA as a growing global brand, and its importance for the … [Read more...] about Fiat Chrysler counts on Jeep; can it be the company’s F-150?
By Norihiko Shirouzu BEIJING (Reuters) - Toyota Motor Corp, long opposed to producing its premium Lexus cars in China because of concerns over quality and profitability, is now considering it to ignite growth and narrow sales gaps with its German rivals, four company insiders told Reuters. The company, which imports Lexus models made in Japan to sell in China, has spent the last two years researching how to produce them locally. Toyota <7203.T> also talked to its Chinese joint-venture partners – Guangzhou Automobile Group Co <601238.SS> and FAW Group [SASACJ.UL] - last year about Lexus models. It wasn't clear whether Toyota approached the Chinese companies about a partnership or vice versa. Local production would be a major shift for the world's largest automaker, encouraged by improved China-Japan ties, as well as new Chinese investment rules that might allow foreign automakers to fully own or majority-control China operations. "We're torn over this," said one of … [Read more...] about Toyota, sensing an opening, debates building Lexus cars in China
PARIS (Reuters) - Western European car sales dropped 23 percent in September, according to LMC Automotive data, in the wake of a summer discounting splurge that preceded tougher new emissions rules now keeping some models out of showrooms. Registrations fell to 1.05 million cars last month from 1.36 million a year earlier, the consulting firm said on Thursday. Its numbers are based on national sales data and estimates for some of the smallest markets. The new Worldwide Harmonised Light Vehicle Test (WLTP) became mandatory on Sept. 1, forcing carmakers including Volkswagen <VOWG_p.DE> and Renault <RENA.PA> to halt deliveries of some models that had yet to be re-certified. "The factors affecting the market are multifaceted, with backlogs in cars being tested under WLTP leading to the removal from sale of several popular models," said LMC analyst David Oakley. VW and Renault had led an August sales surge, as automakers boosted discounts and registrations of their own vehicles … [Read more...] about Western European car sales fell 23 percent in September on emissions tests