
Chrysler's sales accelerated to its best July performance in five years while rival Ford stumbled and Volkswagen roared ahead, automakers said Wednesday. Chrysler has now posted sales gains for 28 straight months as July sales rose 13 percent to 126,089 vehicles. "July was another solid month for Chrysler Group as we again demonstrated our disciplined and methodical approach to growing sales and profits," said Reid Bigland, head of US sales. The third largest US automaker forecast that July's overall industry sales would come in at a seasonally-adjusted, annualized rate of 14 million once all automakers report. Ford sales fell four percent in July to 173,966 as low-margin fleet sales dropped 16 percent. More profitable retail sales rose two percent in July. Volkswagen, which is aggressively expanding in the United States, posted a 27 percent jump in sales to 37,014 vehicles. It was the German automaker's best July since 1973. "We're pleased to see consumers embracing our strong lineup of award-winning, fuel-efficient, high-quality vehicles and we expect our growth to continue," said Jonathan Browning, chief of Volkswagen Group of America.
GMT 22:53 2018 Thursday ,13 December
Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar PropertiesGMT 13:41 2018 Thursday ,06 December
Tyre maker Continental opens lab to extract rubber from dandelionsGMT 15:23 2018 Friday ,30 November
Paper industry around famous Chinese lake to be shut down by 2019GMT 11:13 2018 Sunday ,18 November
Electricx 2018 kicks off with participation of over 20 countriesGMT 16:34 2018 Tuesday ,13 November
Amazon announces new headquarters in New York and WashingtonGMT 16:51 2018 Monday ,12 November
Egypt's exports to Nile basin countries reached EGP 19.9 bln in 2017: CAPMASGMT 08:11 2018 Friday ,09 November
Kaspersky Lab CEO suggests replacing cybersecurity with 'cyber-immunity'GMT 14:00 2018 Thursday ,08 November
Namibian enterprise endeavours to seize opportunities at China import expoMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor