Mitsubishi joins Daimler, Fiat, Ford, General Motors, Honda, Nissan and Toyota among the automakers slashing the prices or offering aggressively priced lease deals on their EVs, whose penetration in the U.S. market has been negligible....More
New-car loans averaged $26,719 in the third quarter, up $756 from year-ago, analytics firm Experian says, but lower interest rates and longer repayment terms raised the average monthly payment just $6, to $458....More
VWA won't change course to goose sales as the year winds down, CEO Jonathan Browning says, adding the automaker is confident the VW brand's 2013 volume will top 400,000 for the second year in a row....More
Deliveries through nine months were 3.4% ahead of like-2012, but recent flooding in large areas of the country and the end of tax breaks for first-time car buyers helped drop September sales 28.4%....More
Some suppliers are investing in additional facilities because they are confident current production levels will be sustained and because they have exhausted most of their avenues to stretch available...
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