General Motors Co.’s new Cadillac CTS, the sedan that helped revive the luxury brand when it debuted more than a decade ago, will weigh less, go faster and be more fuel efficient as the company pushes to compete against Audi and BMW.
Cruising through southeast Texas in his Fiat 500, Scott Ruczko used to stick out among the hulking pickups and sport-utility vehicles. He’s starting to get more company after sales of the diminutive Italian car doubled last year, making good on Fiat SpA’s expansion strategy.
Ford Motor Co.’s Lincoln brand, which aired two ads during the Super Bowl in February, posted a 29 percent U.S. sales slide for the month as dealers continued to run short of the MKZ sedan featured in the commercials.
Daimler AG’s Mercedes-Benz had more U.S. new-vehicle registrations than Bayerische Motoren Werke AG’s BMW in 2012, giving the German automakers one more point of disagreement over which is the leading seller of luxury vehicles.
General Motors Co., reiterating that it expects to break even in Europe by mid-decade, reported losses in the region that more than doubled last year compared with 2011 and said the market will fall further in 2013.
For more than two decades, Hyundai Motor Co. could count on the sun rising each morning and for South Koreans to buy South Korean vehicles. Then Toyota Motor Corp.’s Camry became the country’s “Car of the Year.”
President Barack Obama has put $5 billion in taxpayer money behind his goal of having 1 million electric cars on U.S. roads by 2015. The Republican presidential ticket says it’s money wasted on “losers.”