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A combination of several years of declining automobile sales and scarce availability of credit led to a more widespread crisis in the United States auto industry in the years of 2008 and 2009. Following dramatic drops in automobile sales throughout 2008, two of the " Big Three " U.S. automakers – General Motors (GM), and Chrysler ...
Toyota, on December 22, 2008, slashed profit forecasts amid a sales slump. The Japanese automaker, often held up with Honda as a success story for the rest of the auto industry to follow, said it expected a slim profit margin of US$555 million for the year ending in March 2009.
U.S. Automobile Production Figures. Automobile experimentation and design in the US started a few years after Carl Benz patented and produced his original gasoline-powered motor car in 1886, and a handful of companies were producing them in the US by the turn of the century. The table below shows the annual unit volumes for the top US producers ...
December may go down as one of 2009's better months for car sales thanks to a late surge by bargain-hungry consumers. Should forecasts hold, the industry is on pace to sell more than 11 million ...
U.S. auto sales in October are expected to provide more evidence that the worst of the industry's four-year downturn has passed, while leaving open doubts about the speed and strength of the recovery.
For the first half of the year, Volkswagen reported global revenue of 156.3 billion euros, up 18% from a year ago, driven by “significantly higher vehicle sales in Europe and North America ...
The number of countries in recession was 25 in Q2 2008, 39 in Q3 2008 and 53 in Q4 2008. At the steepest part of the Great Recession in Q1 2009, a total of 59 out of 71 countries were simultaneously in recession. The number of countries in recession was 37 in Q2 2009, 13 in Q3 2009 and 11 in Q4 2009.
According to the China Association of Automobile Manufacturers, Chinese auto sales in June, including buses and trucks, increased 36 percent from a year ago -- checking in at 1.14 million, second ...