Arab Today, arab today us automakers post strong sales gains in august
Last Updated : GMT 21:26:48
Arab Today, arab today
Arab Today, arab today

US automakers post strong sales gains in August

Arab Today, arab today

Arab Today, arab today US automakers post strong sales gains in August

Chicago - AFP

The Detroit Three automakers posted double-digit gains in August US auto sales on Tuesday even as higher fuel prices drove a shift towards smaller and more fuel efficient vehicles. Sales growth by rival Toyota, however, outpaced them all. Toyota -- which saw sales collapse last year due to supply shortages in the wake of the devastating Japanese quake and tsunami -- said it gained 46 percent to 188,520 vehicles. Ford -- which posted a 13 percent gain with 197,249 vehicles sold -- estimated that total industry sales will rise to just above 1.3 million vehicles once all automakers report and to an annualized rate in the mid-to-high 14 million vehicle range. \"The economic fundamentals remain modest but stable,\" Ford economist Jenny Lin said in a conference call. \"This is still consistent for our outlook for the US economy to grow in the range of 2.0 to 2.5 percent this year.\" The second largest US automaker also announced plans to boost its fourth quarter production by seven percent to 725,000 vehicles and to add a third shift at its Louisville Assembly Plant to support demand for the new Escape small utility. \"As fuel prices rose again during August, we saw growing numbers of people gravitate toward our fuel-efficient vehicles -- cars, utilities and trucks,\" said Ken Czubay, Ford\'s head of sales. \"Customers increasingly value savings at the pump, and Ford is answering the call with a full family of vehicles with leading fuel efficiency and the power to choose which vehicle best meets their needs.\" GM posted a 10 percent gain in August sales to 240,520 vehicles. \"All four of our brands are building momentum behind new products so we\'re very well positioned as the economy continues to slowly improve,\" said Kurt McNeil, head of GM\'s US sales. GM said extensive national advertising during the Olympic Games helped boost Chevrolet passenger car sales -- which rose 25 percent in August with the Spark, Sonic, Cruze and Volt all posting their best-ever month. Fiat-controlled Chrysler posted a 14 percent gain to 148,472 vehicles as sales rose for all its models in \"the group\'s best August sales since 2007\". Fiat models led the sales pace, up 34 percent, and Chrysler sales rose 25 percent. \"Our hard work over the past few years is starting to pay some dividends in our sales growth, quality awards and profitability. Not to mention, an incredibly resilient U.S. new vehicle sales industry doesn\'t hurt either,\" said Reid Bigland, head of Chrysler group sales.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us automakers post strong sales gains in august Arab Today, arab today us automakers post strong sales gains in august

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us automakers post strong sales gains in august Arab Today, arab today us automakers post strong sales gains in august

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday