Phoebe Wall Howard Detroit Free Press Published 4:19 PM EDT Apr 25, 2019 No one can be certain of the future, but Ford Motor Co. is pretty confident that it made the right call. One year ago, as the company reported its earnings for the first quarter of 2018, Ford shocked consumers, investors and dealers with what seemed like an abrupt announcement: The iconic company famous for making affordable cars available to the masses actually planned to stop making sedans. Now Ford officials are looking at sales trends with joy and relief. “The migration out of passenger cars into SUVs has accelerated,” Mark LaNeve, vice president, U.S. Marketing, Sales and Service at Ford, told the Free Press. “It’s breathtaking. It's a generational shift. At Ford, we believe it’s structural, or otherwise permanent. It won’t bounce back with an oil shock.” He added, “I don’t know what the bottom is. Because they’re so important to the … [Read more...] about Ford stopped making sedans: How discontinuing passenger cars is going
Buick car dealer
Jamie L. LaReau Detroit Free Press Published 6:00 AM EDT Mar 19, 2019 A plan to turn Chevrolet Cruze compact cars into an international ride-hailing fleet would have kept General Motors assembly plant in Lordstown, Ohio, running possibly up to five more years. But GM CEO Mary Barra rejected the deal, sealing the plant's fate when the last Cruze rolled off the line earlier this month, indefinitely idling the facility, as first reported in an online publication called The Vindicator. "If that deal was true, it could have kept 3,000 people working in Lordstown, plus all the parts suppliers on the side," said Dave Green, president of UAW Local 1112 in Lordstown, told the Free Press. The proposed deal, confirmed by sources familiar with it but who spoke on the condition of anonymity, involved Cleveland-based car dealer Bernie Moreno. Moreno owns a dozen car dealerships across the country that sell brands from Lotus, Rolls Royce, Mercedes-Benz to Buick … [Read more...] about Cleveland car dealer tried to save GM’s Lordstown Assembly plant
Jamie L. LaReau Detroit Free Press Published 8:35 AM EST Dec 26, 2018 General Motors spent the year raising money to develop robot cars, hiring top tech talent, and cutting other salaried and hourly workers — all while it makes plans to close plants that build out-of-favor sedans by the end of 2019. GM also said it will move Cadillac back to Michigan from New York to give it new and improved vehicles to sell in a move to revive the brand's sales. Here are six stories on GM that stand out this year: New pickups The redesigned 2019 GMC Sierra Denali and 2019 Chevrolet Silverado pickups are GM's big moneymakers. Those sales pay for much of GM's research and development in other areas such as self-driving cars. The new pickups began trickling into dealerships in late August. GM introduced the new trucks earlier this year in anticipation of robust sales of the highly profitable vehicles. The GMC Sierra Denali … [Read more...] about GM 2018: New pickups, money for robot cars, job cuts
By Yilei Sun and Adam JourdanPINGDINGSHAN, China (Reuters) - When Cao Jun, 40, an engineer from the central Chinese city of Pingdingshan, takes his old, grey MG 3 car to be serviced he always steals a few moments to pop into the Nissan <7201.T> and Honda <7267.T> dealerships next door.gi But the Civic and Sylphy sedans in the showrooms are just eye candy. Cao wants to upgrade his car, but he's facing a steep loan repayment on his flat, medical bills for his wife and a tough local economy in his once-prosperous coal town.Cao is far from alone. China's car market, the world's largest, is on the brink of its first sales contraction in almost three decades, according to industry data, a signal of wider economic strains that are rattling the country's leaders in Beijing.The slowdown - aggravated by a protracted trade war with the United States - is being most sharply felt in smaller, provincial cities like Pingdingshan, the engines of growth for Chinese consumption of cars and … [Read more...] about In China’s hinterland, car market growth engine sputters
By Katherine Feser Published 2:35 pm CDT, Monday, September 17, 2018 Fastest-selling used cars in Houston 1. Ford Fusion Energi (21.5 days)Source: iSeeCars Fastest-selling used cars in Houston 1. Ford Fusion Energi (21.5 days) Source: iSeeCars Photo: Adobe Photoshop CS6 (Windows), Wieck Fastest-selling used cars in Houston 2. Toyota Prius (23.2 days) Source: iSeeCars Fastest-selling used cars in Houston 2. Toyota Prius (23.2 days) Source: iSeeCars Fastest-selling used cars in Houston 3. Toyota Corolla (26.2 days) Source: iSeeCars Fastest-selling used cars in Houston 3. Toyota Corolla (26.2 days) Source: iSeeCars Photo: Toyota Fastest-selling used cars in Houston 4. Nissan Sentra (26.7 days) Source: iSeeCars Fastest-selling used cars in Houston 4. Nissan Sentra (26.7 days) Source: iSeeCars … [Read more...] about Which used car models sell fastest in Houston?