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.
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.
General Motors Co., seeking to clear out end-of-model-year vehicles, said it will offer no-haggle pricing on 2012 Chevrolet cars and trucks plus a money-back guarantee on all new Chevys as the brand loses ground to Toyota.
General Motors Co. is planning to build as many as 36,000 Chevrolet Volts and other plug-in hybrids for worldwide delivery this year, 20 percent more than in 2012, two people familiar with the effort said.
The bailout of General Motors Co. played an important role in the re-election of President Barack Obama, who stumped on the issue in Midwestern swing states. Now comes the hard part: unloading the government’s stake, probably at a big loss.
General Motors Co., which saw pickup inventories rise 24 percent last month, will take out 10 weeks of truck production as it prepares to introduce a redesigned Chevrolet Silverado and GMC Sierra in the second quarter.
Chrysler Group LLC, Hyundai Motor Co. and Kia Motors Corp. led gains in January U.S. auto sales, while Honda Motor Co. increased deliveries for the first time since April as consumers replaced aging vehicles.
General Motors Co. Chief Executive Officer Dan Akerson is pushing for more cost reductions to send a message to the automaker’s employees: GM’s $6.3 billion first- half profit, its best in at least 20 years, isn’t good enough.