When Hyundai Motor Co. last overhauled the Sonata in 2009, motorists embraced the curvier exterior and the South Korean company went on to gain more market share than any major automaker for the next half decade.
Nissan Motor Co. led February U.S. sales gains for Asia-based carmakers, with its Altima passing Toyota Motor Corp.’s Camry so far this year amid severe winter weather that again was blamed for chilling demand.
General Motors Co. joined Chrysler Group LLC and Nissan Motor Co. in beating analysts’ estimates for February U.S. sales while Ford Motor Co., Toyota Motor Corp. and Honda Motor Co. did worse than projected.
Li Shufu, the Chinese billionaire chairman of Volvo Cars, said China should allow foreign carmakers to control their operations in the world’s largest auto market to encourage competition and bring down prices.
Uber Technologies Inc., a taxi app maker backed by Google Inc.’s investment arm and Amazon.com Inc. founder Jeff Bezos, started its service in Tokyo yesterday using licensed taxi services rather than private drivers.
Asian stocks fell a second day and measures of equity volatility surged amid escalating geopolitical tension over Ukraine and after an official gauge of Chinese manufacturing dropped to an eight-month low.
Honda Motor Co., the first automaker to sell gasoline-electric cars in the U.S., said production of Insight hatchbacks ends this year amid its plan to add other types of fuel-efficient vehicles to its lineup.
The Ford brand is closing in on Toyota as the favorite of retail auto buyers, a sign of rising popularity of the Fusion mid-size car and Escape sport-utility vehicle, and of growing dismay with the Japanese manufacturer.