Ford's US sales last month fell 30.6% year on year to 123,222 units, the company reported on Tuesday night. Year to date sales were off 19.7% to 1,849,309 units. Toyota said its sales were down 34% and VW was off 19.2%.
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Optimistic suggestions US light vehicle sales might have bottomed out after October's 34.5% plunge were dispelled last night after November's data was in - a 36.7% dip to just 744,037 units versus 1,175,381 a year ago.
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Designers are known to carp about their ideas being blunted when cars go from concept to reality. For Fisker Automotive's first production car, the plug-in hybrid Karma, that wasn't a problem.
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Ford is slashing its first-quarter North American vehicle production by 37.9 percent. The cut of 262,000 units is a reaction to the sharp downturn in sales, a Ford spokeswoman said today.
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General Motors and Ford Motor Co. today said they will slash first-quarter North American vehicle production.
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Sweden's government has ruled out taking over Volvo Cars if Ford decides to sell it but the opposition and unions want politicians to step in and save the country's auto industry.
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Aston Martin could soon axe up to 600 jobs at its luxury sports car plant at Gaydon in central England.
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RS offers sub-six-second 0-60mph time, while GT24 is set to inspire new hot Scirocco.
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Ford Motor Co. and Toyota Motor Corp. said U.S. sales plunged more than 30 percent in November as an economy now officially in recession was projected to drag industrywide demand to a second consecutive 25-year low.
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Ford, General Motors, Toyota and Honda reported U.S. sales drops of more than 30 percent in November as a staggering U.S. economy again dragged industrywide demand to 25-year lows. Ford Motor declined for a 12th consecutive month.
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Ford, General Motors, Toyota and Honda reported U.S. sales drops of more than 30 percent in November as a staggering U.S. economy dragged industrywide demand to the lowest level in 26 years. Every automaker posted a decline as sales fell 36.
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Chrysler president Jim Press has said his company needs an emergency bridge loan from Congress if it is to survive and execute a plan that will help it compete.
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Teaser shot provides glimpse of next S60’s sleek shape, while the stylish feel continues inside.
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General Motors plans to stop using its four Detroit-based corporate jets.
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Chrysler LLC needs an emergency bridge loan from Congress if it is to survive and execute a plan that will help it compete, the automaker's president said today.
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This year the LA show is overshadowed by the state of the US car industry, with the CEOs of the big three US automaker going to congress to ask for a $25 billion dollar bail-out package on the first press day... As expected, there were less new production debuts and far less concept car unveils at the show, but there were still some world debuts for several important global designs: the Nissan 370Z, Nissan Cube, Mazda3 and Lexus RX. A new Mustang, radical Honda FC Sport concept and refreshed Porsche Boxster and Cayman designs are amongst the other Highlights of the show.
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A US$14bn investment in fuel saving technology, including electric commercial and passenger vehicles due out by 2011, should boost Ford's overall and North American automotive business pre-tax results to at least break-even in 2011, Ford said in a submission to the US Senate Banking Committee today, ahead of a second congressional hearing starting on Thursday.
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Ford Motor Co., the first of the Detroit 3 to submit its plan to qualify for federal aid, says it doesn't expect to make money until at least 2011.
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Toyota Motor said on Tuesday it will cut management bonuses by 10 percent as the global economic slowdown bites hard and prompts it to reduce production further in Japan.
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