SUVs

American Car Makers Struggle To Lure US Buyers In July

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American consumers’ appetite for US car brands eased significantly in July, as the industry continued to slow from last year’s record-setting pace, according to sales figures released Tuesday. All three Detroit carmakers reported steep overall declines, even as demand for SUVs and light trucks remained a bright spot and helped buoy the average transaction prices. … Read more

Blindsided By SUV Boom, Hyundai Motor Trims Costs

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Headed for a fourth straight annual profit decline, Hyundai Motor (005380. KS) is trimming its cost fat; scaling back on business class flights and annual family home trips for overseas employees, executives told Reuters. The South Korean automaker has been hit by its exposure to weak emerging markets, and a product line-up that features more … Read more