Brian Brockman News
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Honda Motor Co.’s Accord outsold Toyota Motor Corp.’s Camry, the perennial best-seller among cars in the U.S., last month as gains for resurgent U.S.-based automakers surpassed those of Japanese and South Korean brands.
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Tesla Motors Inc., the luxury battery-car company run by billionaire Elon Musk, is North America’s rechargeable auto sales leader so far this year as its Model S sedan passed General Motors Co.’s Chevrolet Volt.
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Nissan Motor Co., with U.S. sales lagging the industry’s rebound this year, said it hired a former Chrysler Group LLC executive to run its namesake brand in the country after the departure of a long-time sales official.
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General Motors Co., trailing Nissan Motor Co. in electric-car sales, plans to boost output of its Chevrolet Volt to 5,000 a month as the automaker seeks to seize the lead and test consumers’ hunger for plug-in vehicles.
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Toyota Motor Corp. expects assembly “interruptions” in North America and delayed sales of a new Prius model in its home market as the company grapples with the aftereffects of Japan’s strongest earthquake on record.
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When General Motors Co. announced plans in June 2008 to build the Chevrolet Volt plug-in hybrid, executives called it a “moon shot” intended to rocket past Toyota Motor Corp. in technology leadership. Now the car is a flash-point for concern.
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Buyers of General Motors Co.’s 2011 Chevrolet Volt won’t get California’s $3,000 rebate for the most advanced cars while Toyota Motor Corp. ’s Prius plug-in hybrid that can’t drive as far without gas qualifies for an incentive.
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Fiat SpA Chief Executive Officer Sergio Marchionne is no champion of electric vehicles. So even if he must produce one to appease California regulators, he won’t mess with an Italian icon.
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The following companies may have unusual price changes in Japanese trading today. Stock symbols are in parentheses, and share prices are as of the latest close. The information in each item was released after markets shut, unless stated otherwise.
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Ford Motor Co. , playing catch-up in the battery-powered car market, introduced its first electric car today and promised it will outperform rivals.
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