The Detroit Three met the challenge of the U.S. 18-month downturn that ended in mid-2009 by lowering their respective break-even points through downsizing. “We have 27 markets, so it’s a little bit more complex,” Karl-Freidrich Stracke says.
The new model should appeal to customers of high-end European makes but “who really want an American car,” says Jim Farley, Ford’s chief marketing officer. “This is an in-your-face (car); there’s nothing subtle about it.”...More
A General Motors East Africa official says East African auto dealers are seeing growing demand for luxury cars, and the trade pact will allow them to “import those expensive toys and deliver them to our clients.”...More
How come we are not getting back to levels of the previous LV sales peak in 2006? The best answer to that question is the underperformance of pickups, especially the untapped potential of small pickups....More