American automakers are all still having big problems selling cars in the United States, but their international sales growth is staggering.
A quick look at first-quarter international sales shows General Motors posting a 20 percent jump, with notable strength in Russia, China, and Brazil. Some 64 percent of GM sales came from overseas. In Ford's first quarter reported last week, it earned a profit everywhere except in North America. European and South American demand boosted its profits to a surprise $100 million gain in the quarter.
Also, newcomers like India's Tata Motors are gaining clout. Most recently, Tata bought the Land Rover and Jaguar lines from Ford in a $1.7 billion deal approved last week by the European Union.
Reader Comments Read all comments (1)
arhiderrr of DE 7:43AM February 28, 2009