“I believe in the strength of product, and we’re looking at it over a longer horizon than a week or a month,” she says. “We’ve demonstrated our discipline. It can be a very slippery slope on the way down.”...More
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
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