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Japanese companies announce project to transform ICE technology.
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Double-digit increases in the automaker’s top-selling nameplates drove the increase.
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Ram pickups, Ascent SUVs affected by late-model issues.
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Improved inventory levels and higher retailing cited for the sales boost.
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BMW overtook Subaru to take the top spot in Consumer Reports’ annual ranking of top automotive brands for performance, safety and reliability.
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Demand for new vehicles in the United States remains strong despite rising interest and loan rates, reported CEO Tomomi Nakamura.
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A J.D. Power brand loyalty study finds most car buyers return to the same brand when trading in their used vehicles.
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Meanwhile, AutoNation, Hendrick Automotive Group top public, private rankings.
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The Motor Industry Vehicle Board in New Hampshire ruled that Subaru of New England “unreasonably withheld consent of sale” of Prime Subaru Manchester to Group 1 Automotive Inc.
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Subaru profit jumped 25% in the latest quarter as the automaker recovered production, ramped up sales and cashed in on favorable exchanges rates.
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