Ford Has Larger Than Expected Decline in February Auto Sales

March 1, 2017

Ford’s U.S. auto sales were down 4% vs. estimates of a 3.4% decline, during the month of February. Overall Ford sales totaled 208,440 vehicles in February, representing a 4% decline vs. a year ago.

Highlights and Takeaways From General Motors’ January Sales Data

February 4, 2017

All in all, it wasn’t such a bad start to 2017 after the U.S. auto industry set yet another annual sales record last year. While sales did decline 1.9% in January, compared to the prior year, the industry’s seasonally adjusted annual rate managed to top estimates and reached 17.57 million — just barely under the prior year’s 17.62 million in January 2016.

Consumers Spend More Cash for New Cars in January

February 1, 2017

January is typically the slowest month of the year for new-vehicle sales, and a surprisingly robust December likely stole some thunder from the latest month. Detroit’s Big Three all reported declines in January U.S. sales versus last year.

Why Ford Motor Company Is Giving Shareholders a Bonus

January 12, 2017

CEO Mark Fields said on Tuesday that the Blue Oval will pay a supplemental dividend to shareholders in the first quarter of 2017. Ford’s regular dividend has stood at $0.15 per share per quarter for some time now.

Fiat Chrysler Accused of Diesel Emissions Cheating by U.S.

January 12, 2017

Fiat Chrysler Automobiles NV was accused of violating pollution laws with 104,000 diesel vehicles, sending the shares plunging on the prospect the automaker may follow Volkswagen AG in facing billions of dollars in fines. The Environmental Protection Agency alleged Fiat Chrysler put software in Jeep Grand Cherokee and Ram 1500 models that allows them to exceed pollution limits.

Fiat Chrysler Halted as EPA Alleges Diesel Emissions Cheat

January 12, 2017

Fiat Chrysler Automobiles NV shares were halted after plunging the most intraday on record as the U.S. government accused the company of using software that allowed excess diesel emissions in about 104,000 vehicles. The Environmental Protection Agency alleges Fiat Chrysler violated the Clean Air Act by installing and failing to disclose the software in Jeep Grand Cherokee sport utility vehicles and Ram 1500 pickups sold in the U.S., according to a statement.