Word: toyotas
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...only did deal-driven Toyota score big, so did laggards like General Motors, which stayed skimpy on incentives. GM's overall sales were up 21%, but sales increased 43% for its four core brands - Chevrolet, Cadillac, GMC and Buick - that survived the company's bankruptcy...
With help from big incentives from Toyota and broadly stronger demand for vans and pickup trucks, sales of new vehicles leaped nearly 27% in March compared with the same month last year, as the auto industry began to show signs that it is emerging from a long slump...
...Obviously, March was a very good month," says a beaming Don Esmond, Toyota Motor Sales senior vice president, noting that the Japanese automaker, which has been hurt by controversy and car recalls owing to unintended acceleration, increased sales 41% in March. Toyota also gained market share through what Edmunds.com described as "record incentives." (See the most exciting cars...
...What we're seeing is the gradual recovery for the industry," says Jim Campbell, domestic marketing chief for GM's Chevrolet division. Along with the sales gains for Toyota, Ford and GM - the new Big Three - Subaru, Nissan, Kia, Hyundai and Audi also saw increases...
...Despite the growing political influence of China, try asking an American to name a Chinese company and you're not likely to get much of an answer. While South Korea has Samsung and Hyundai, and Japan has Sony and Toyota, in the U.S., China is largely associated with the mass production of low-end goods, with few of its own international brands. To battle China's reputation for cheap imitations, Li Ning has hired top designers from Portland's rich pool of shoe-design talent and placed its high-end sportswear in an airy showroom in a Portland's chic...