Ford’s decision to oust its CEO is the latest sign of how Silicon Valley technology firms are shaking the foundation of the American auto industry. The removal of Mark Fields after just three years at the helm — and his replacement by an auto industry outsider — followed a precipitous decline in Ford shares, amid … Read more
Steadily rising US auto sales helped fuel the economic recovery, but sales have shifted into lower gear even as President Donald Trump counts on carmakers to provide a lift to his economic plans. And after adding thousands of jobs since the financial crisis to meet rising demand for new vehicles, US carmakers also have begun … Read more
Car sales in the US slowed significantly in April, accelerating several months of declines that suggest the industry’s record sales streak may be behind it. The big three American automakers on Tuesday all reported sales fell in April compared to the same period last year. Many analysts had expected the retreat, forecasting an industry-wide decline … Read more
Tesla has become the second-largest US car maker in terms of market capitalization, displacing Ford, whose sales lagged amid concerns about the ability of the US market to keep growing. Many major auto makers reported US sales declines in March compared to a year ago, but Tesla over the weekend said it saw a huge … Read more
Many auto makers had a difficult month in March, posting considerable declines in US sales, defying expectations for an increase compared to the same month of last year. In the final month of the first quarter, many brands on Monday reported sales dropped compared to March 2016, when the industry was seeing record gains. Forecasters … Read more