Healthy U.S. April auto sales fail to offset growth fears

Detroit automakers reported another month of strong demand from U.S. consumers for trucks and sport utility vehicles on Tuesday, but their shares dropped as analysts focused on signs the world's second-largest auto market has little room to grow.

Showing posts with label Asian-Stock-Market-News. Show all posts
Showing posts with label Asian-Stock-Market-News. Show all posts

GM re-evaluates India investment, new car platform on hold

By Aditi Shah NEW DELHI (Reuters) - General Motors is re-evaluating its planned $1 billion investment in India and has put on hold moves to bring a new car platform to India as it re-assesses its strategy in the country, according to company officials. The rethink comes as GM's India sales have fallen nearly 40 percent in the year to end-March, and its share of the domestic passenger vehicle market is now below 1 percent. Sagging sales...
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