More competitive pricing and consumer reluctance are taking their toll on the automaker's ambitious electrification plans.
For 2023, expect higher incentives, volumes, and inventory levels, but by how much?
It was a mixed bag as quarterly and year-end sales results for nearly all major automakers rolled in. GM led U.S. sales, while Hyundai and Kia set new sales records and Stellantis and Nissan were down in both Q4 and YOY.
Reporting its full-year 2020 Results, Europcar Mobility Group cited limited visibility on when rental car demand will recover; U.S. business a bright spot.
The maker of commercial electric vehicles won’t meet its projected production target of 300-400 vehicles in 2020 in part due to more than 36% of its production-related staff having contracted the coronavirus or quarantined awaiting results.
FleetCor Technologies reported $302 million in fourth-quarter net income earlier this month, which exceeded Wall Street expectations.
Truck and engine manufacturer Navistar International Corp. on Thursday reported its net loss grew during its fiscal first quarter compared to a year ago, but one top official insisted the company is headed in a positive direction.
Truck and engine maker Paccar Inc. on Tuesday reported big gains in both profits and revenue for the final quarter of 2017 as well as for all of last year.
Element Financial boosted revenue in the quarter ending Sept. 30 by 120 percent largely due to its acquisition of PHH Arval from PHH Corp. in July, the company has announced.
For Q2 2013, PHH’s fleet management services segment saw a profit of $21 million, the same as in Q1 2013.
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