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.
For the first time in two decades, General Motors Co., Ford Motor Co. and Chrysler Group LLC pulled off a sweep in the first three months of a year, with all three gaining U.S. market share in 2013’s first quarter.
Kia Motors Corp., South Korea’s second-largest automaker, posted a 35 percent drop in first- quarter profit after production at its main domestic factories fell and the won strengthened against the yen.
Carmakers in Slovakia will probably assemble a record number of vehicles this year as demand for models made in the country is set to defy a slowing automotive market in Europe, an industry body estimated.
Automakers are undermining the progress they’re making in expanding the market for electric cars and other zero-emission vehicles by petitioning against California’s mandates, a state regulator said today.
Emerging-market stocks dropped for a fourth day, dragging the benchmark index to its lowest level in two weeks as an increase in U.S. jobless claims and tensions on the Korean peninsula muted the global economic outlook.
Hyundai Motor Co., South Korea’s largest automaker, and its affiliate Kia Motors Corp. recalled more than 1.7 million vehicles in the U.S. from five model years for electronic defects. Their shares fell.