LONDON/PARIS (Reuters) – Carmakers including Renault, Jaguar Land Rover and Peugeot have boosted revenues by over $1 billion in the past decade by using sophisticated pricing software, according to sales presentations prepared by the software vendor, Accenture, and other documents filed in a court case. FILE PHOTO: Vehicles are seen at a Dongfeng Peugeot Citroen… Continue reading Software and stealth: how carmakers hike spare parts prices
Author: Ritters US Newsfeed
Soccer-South Korea squad for World Cup
SEOUL, June 2 (Reuters) – South Korea coach Shin Tae-yong selected the following 23-man squad for the World Cup finals on Saturday. Goalkeepers: Kim Seung-gyu (Vissel Kobe), Kim Jin-hyeon (Cerezo Osaka), Cho Hyun-woo (Daegu FC) Defenders: Kim young-gwon (Guangzhou Evergrande), Jang Hyun-soo (FC Tokyo), Jung Seung-hyun (Sagan Tosu), Yun Yong-sun (Seongnam FC), Oh Ban-suk (Jeju… Continue reading Soccer-South Korea squad for World Cup
UPDATE 4-Marchionne ramps up SUVs as prepares to hand over Fiat Chrysler wheel
BALOCCO, Italy (Reuters) – Fiat Chrysler’s (FCHA.MI) departing Chief Executive Sergio Marchionne delivered a plan on Friday to ramp up sport utility vehicles and invest 9 billion euros ($10.5 billion) in electric and hybrid cars in a bid to double operating profit by 2022. FILE PHOTO: 2015 Jeep Grand Cherokee are exhibited on a car… Continue reading UPDATE 4-Marchionne ramps up SUVs as prepares to hand over Fiat Chrysler wheel
TABLE- Top 20 vehicles sold in US in May
June 1 (Reuters) – The following are the 20 top-selling vehicles in the United States in May as reported by the automakers and ranked by total units: RANK VEHICLE May-2018 May-2017 PCT CHNG 1 Ford F-Series P/U 84,639 76,027 +11.3 2 Ram P/U 46,781 44,850 +4.3 3 Nissan Rogue 38,413 32,533 +18.1 4 Toyota RAV4… Continue reading TABLE- Top 20 vehicles sold in US in May
Ford Motor Co’s Canada auto sales slide in May
June 1 (Reuters) – Ford Motor Co on Friday reported a 3.3 percent drop in Canadian auto sales in May. Total car sales for the month slumped 17.4 percent to 4,634 from a year earlier, while total trucks sales fell marginally to 28,723. (Reporting by Taenaz Shakir in Bengaluru; Editing by Anil D’Silva) Go to… Continue reading Ford Motor Co’s Canada auto sales slide in May
Canada auto sales fall marginally in May
(Reuters) – Canada’s auto sales recorded a small dip in May as strong sales of light trucks failed to offset slowing demand for passenger cars. Overall auto sales fell 0.7 percent in May, with passenger cars posting a 9.4 percent decline to 68,070 units, according to research firm DesRosiers Automotive Consultants. In contrast, light truck… Continue reading Canada auto sales fall marginally in May
FCA in talks with Santander Consumer USA over car financing JV
BALOCCO, Italy (Reuters) – Fiat Chrysler (FCA) (FCHA.MI) wants to set up its own car financing business in the United States under a new five-year plan and is in talks with Santander Consumer USA (SCUSA) (SC.N) to buy its share in their joint venture. Fiat Chrysler Automobiles logo is seen on a panel at the… Continue reading FCA in talks with Santander Consumer USA over car financing JV
Fiat Chrysler aims to double profits, pay dividends in new plan
BALOCCO, Italy (Reuters) – Fiat Chrysler expects to at least double adjusted operating profits and return to an investment grade rating and dividends under a new plan to 2022, helped by strong growth from its Jeep SUV brand and an expansions of its premium product portfolio. FILE PHOTO: Fiat Chrysler Automobiles’ (FCA) U.S. headquarters is… Continue reading Fiat Chrysler aims to double profits, pay dividends in new plan
UPDATE 2-Marchionne leaves Fiat Chrysler debt free as prepares to hand over wheel
BALOCCO, Italy (Reuters) – Fiat Chrysler’s (FCHA.MI) Sergio Marchionne laid out his final strategic vision as chief executive on Friday with a focus on sport utility vehicles and a 9 billion euro ($10.5 billion)investment plan for electric and hybrid cars. FILE PHOTO: 2015 Jeep Grand Cherokee are exhibited on a car dealership in New Jersey,… Continue reading UPDATE 2-Marchionne leaves Fiat Chrysler debt free as prepares to hand over wheel
Fiat Chrysler reports 11 pct jump in US May auto sales
June 1 (Reuters) – Fiat Chrysler Automobiles said U.S. sales in May climbed 11 percent to 214,294, on the strength of retail deliveries to individual customers. The automaker, the first to report U.S. May vehicle sales, said retail deliveries of 167,785 were the highest since July 2005. May sales for the industry were expected to… Continue reading Fiat Chrysler reports 11 pct jump in US May auto sales