Sales shine through bad times

Article Abstract:

Mitsubishi is the fastest-growing Japanese automobile brand in the US, selling 314,000 vehicles in 2000. Pierre Gagnon, CEO of its US operations, says the company can sustain its 65% growth rate, despite a series of negative publicity, including a recall scandal. He assumed the post in 1997 when Mitsubishi sold a mere 10,000 automobiles throughout the whole year. He has since reduced the company's workforce and streamlined far- flung regional operations into one national entity reporting to Japan.

Market share, Mitsubishi Motors America Inc.

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Foreign carmakers sizzle in cool sales

Article Abstract:

Asian and European carmakers registered record sales in Apr 2001, while their US counterparts suffered double-digit drop in sales. For instance, DaimlerChrysler's car sales were down by 28%, while its truck sales were off by 12%, from the year-ago period. Should the trend persist, The US' Big 3 automakers will be under a lot of pressure during the latter part of the year, mainly from Wall Street for more profits, and to boost market share through costly incentives.

Retail sales

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Diesel-sippers win fans as gas prices soar

Article Abstract:

Volkswagen's hottest-selling models in May 2001, were the diesel-powered models that has received a new shot of popularity by rising gasoline prices. The company sold about 24,000 diesel-powered Golf, Jetta and New Beetle cars in teh USA in 2000, about 8% of its total. The car maker has allotted about the same number for US sales in 2001, but demand already is at about 12% of its total and growing. At that rate, the year's allotment could be gone by midyear.

Product information, Diesel Engine Autos, Volkswagen AG, Diesel vehicles

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