In China and throughout Asia, where the soccer team has 378 million fans, according to Kantar Media Compete, Chevy hopes that soccer can do for it in China what baseball did for it in the U.S.
The federal government indicated on Monday it has
entered the final stages of divesting itself of partial ownership in
the country's premier car producer, General Motors.
Sales declined more than 6 percent for Volvo Car Corp. in 2012. Weaker sales in the European and China markets are to blame.
Coda Automotive may have declared bankruptcy but in general the U.S. industry has been going strong.
Luxury automaker BMW posted a
4.5 percent fall in first-quarter profit on Thursday amid a slumping European
market and weaker demand in China.
Surging demand for pickups has spurred Ford to add 2,000 jobs at the Missouri plant
that makes the F-150 pickup.
Electric carmaker Coda Automotive filed
for bankruptcy Wednesday as part of a reorganization to let it leave the automotive business and focus on energy storage.
U.S. automakers' sales boomed in April while Volkswagen's sales dropped for the first time
in three years.
It looks as if more good news is on its way for the Kansas City regional economy and Ford
Motor Co.'s Claycomo plant.
Chrysler Group said Monday that its first
quarter net income dropped 65 percent to $166 million compared to the year-ago period.
Italian automaker Fiat, which controls Chrysler Group, reported first-quarter profit fell 23 percent on costs for new Jeep model.
Chrysler Group LLC reported income of $166 million in the first quarter of 2013, down from $473 million a year ago due to product launches and a decline in international shipments.
Chrysler is recalling 2,500 Dodge Challengers with V-6 engines, telling owners not to drive them till repairs have been made.
Tesla Motors announced service changes that it hopes will make owning
a Model S easier and less worrisome, including replacement of the car's $40,000
Honda expected a net profit of $5.9 billion for the financial year to March, up 58 percent, due to the yen's depreciation and an expected increase in
four-wheel vehicle sales, Japan's third-largest carmaker said Friday.