Nissan’s Ousted CEO Loses 80% of His Parting Payout

Nissan’s Ousted CEO Loses 80% of His Parting Payout

Former Nissan CEO Hiroto Saikawa, who tendered his resignation late last year after being caught up in a corporate corruption scandal, will have to make due with a parting payout of $3 million, the Japanese automaker’s board has decided. That might seem reasonably...
Coronavirus Crushing China Car Sales in February

Coronavirus Crushing China Car Sales in February

The coronavirus continues to wreak havoc on auto sales in China with results down 92% through the first half of February, after an 18% drop for the previous month, that officials are blaming solely on the deadly scourge. The China Passenger Car Association (CPCA)...
January New Vehicle Sales Decidedly on the Cool Side

January New Vehicle Sales Decidedly on the Cool Side

Analysts at TrueCar are predicting, just like in 2019, sales of new vehicles will get off to a slow start in January. Meanwhile, a new study from IHS Markit found the growth rate of those households with sedans acquiring sport-utility vehicles is slowing in the U.S....
New Vehicle Sales in China Fall 8.2 Percent in 2019

New Vehicle Sales in China Fall 8.2 Percent in 2019

Once the world’s hottest automotive market, China is now the world’s hottest disappointing market as new vehicle sales fell 8.2% in 2019, with Ford China getting hit hard, posting a 26.1% fall and General Motors declining 15%. The country’s new vehicle sales have...
Mercedes-Benz Poised to Take Luxury Sales Title Again

Mercedes-Benz Poised to Take Luxury Sales Title Again

The battle for the annual luxury sales crown appears to have been won by Daimler AG’s Mercedes-Benz, which sold 2.34 million passenger cars in 2019, a 1.3% increased, edging out perennial competitor BMW. Daimler laid claim to the title gain with its ninth consecutive...
Ford Sales Dropped in 2019 Despite Strong Truck Results

Ford Sales Dropped in 2019 Despite Strong Truck Results

Ford Motor Co. followed the same pattern as the two other Detroit automakers, posting a decline in sales for 2019, although its F-Series pickups retained the “Best Selling Vehicle” title for the 43rd straight year. While the rest of the industry reported sales results...
Sales for 2019 Top 17 Million Despite Hiccups

Sales for 2019 Top 17 Million Despite Hiccups

This story has been updated with additional results from more automakers. Sales of new vehicles in the United States topped 17 million units for the fifth consecutive year despite a strike at General Motors and sales declines by big manufacturers such as Fiat Chrysler...