Winter’s wrath fell hard on car dealer David Kelleher last month, forcing him to close his Chrysler-Dodge-Jeep store near Philadelphia for five days due to heavy snow and ice. There was an upside, though: Booming sales of all-wheel drive models.
McLaren Automotive Ltd., the carmaker famed for its Formula One racing arm, is close to introducing its fourth supercar as the company seeks to vie against Fiat SpA’s Ferrari and Volkswagen AG’s Lamborghini.
Ford Motor Co.’s plan for F-Series pickups to lose as much as 750 pounds seemed like a long shot when the company said it was putting its entire lineup on a diet in 2011. The version of its best-selling truck that’s debuting next week should weigh in close to the goal.
Charlee Smith said he sees Toyota Motor Corp.’s Camry and Honda Motor Co.’s Accord all over California and their styling makes him think “appliance.” To stand out, he picked a gas-electric hybrid with a grille that evokes British sports cars, buying a Ford Motor Co. Fusion.
The buzz entering the Detroit auto show that began today was that Ford Motor Co. would deliver one of the event’s most important introductions, an F-150 destined to be the first high-production vehicle with an aluminum body.
The 17 percent surge in U.S. auto sales last month pushed the annual rate to a pre-recession, boom-time level. Even more significant, Detroit automakers are reaping profits not seen since the turn of the century.
A sluggish December failed to derail the U.S. auto industry’s best year since 2007, as sales of Ford Motor Co.’s Fusion surged to a record, Chrysler Group LLC posted its 45th straight month of sales increases and General Motors Co.’s Cadillac cars soared 48 percent.
Chuck Eddy, who has been a Chrysler dealer for 45 years, has to go back to the time of Jimmy Carter’s White House to recall when he last had a strong mid- size car to sell. That will change, he says, after this morning’s Chrysler sedan unveiling at the Detroit auto show.
Tesla Motors Inc.’s gamble to buy back Model S electric cars from customers using its lease-style option has potential to generate further revenue when the automaker sells used cars, according to Bloomberg Industries.