The same recent global economic crises that have led luxury automakers to invade the small car market are also somewhat responsible for the influx of near-luxury sedans.
Tag: First Quarter
In 2011, some two years after it went into bankruptcy, General Motors managed to recoup the top spot as the world’s largest automaker, no thanks to Toyota’s production problems that stemmed from the tsunami and other natural disasters that hit Asia last year. Now, with Toyota having solved most of its problems, the Japanese carmaker [...]
Chrysler Group LLC posted a net profit of $473 million for the first three months of 2012 Thursday— more than four times as much as the company made during the same period a year ago. Net revenue for January, February and March was up 25 percent to $16.4 billion as Chrysler’s global sales increased 33 [...]