World’s Largest Automakers 2024: Treading water, mostly.

Sales of #1 Toyota Group, down 4.1% for the year, were impacted by an extended production halt of its kei-car subsidiary Daihatsu after a major safety testing scandal. Worldwide Daihatsu sales were down a whopping 65.5% in February.  Sales of Toyota-branded vehicles including Lexus rose 1.4% in the first two months of 2024.

#2 Volkswagen Group continues to impress and confuse. The group is the only member of the top three with a solid (6.1%) rise in sales for the first two months. Nevertheless, top management won’t stop ringing alarm bells. Volkswagen’s Thomas Schaefer, head of the group’s “core brands,” is cutting costs and head count.

Sales of #3 Hyundai Group were mostly flat in the first 2 months.

Thursday Morning Auto News, Mar 28, 2024: Tesla deliveries hit by soft demand. Ford cuts jobs at F-150 Lightning plant. Tesla tosses assembly line. More.

[ There is more … ]

Wednesday Morning Auto News, Mar 27, 2024: Fisker stock implodes. Starlink kits sold on black market. Collapsed bridge affects Ford, VW escapes. More.

[ There is more … ]

Tuesday Morning Auto News, Mar 26, 2024: BYD made its 7 millionth NEV. Musk orders FSD taste test. Musk’s SLAPP suit tossed. More.

[ There is more … ]

Monday Morning Auto News, Mar 25, 2024: Volkswagen Group warns of slowing sales in 2024. CATL working on fast-charging cells for Tesla. China-based Canadian stole Tesla secrets. More.

[ There is more … ]

This site automatically detects and reports abuse