cars

Americans are desperate for cheaper cars. Automakers have little to offer them.

Car shoppers are more price-conscious, benefiting sedans like the Honda Civic.Shoppers entering the car market this year are likely to experience sticker shock.The big, expensive SUVs that pad automakers’ bottom lines may be in trouble.The sedan isn’t dead yet.Small, affordable cars — like the sedans that were all but abandoned…

Japanese cars, beer gain ground in S.Korea as relations thaw By Reuters

By Hyunjoo Jin SEOUL (Reuters) – Japanese products, from cars to beer, whisky and clothes, have been rising in popularity in South Korea, rebounding from consumer boycotts in 2019 on the back of improving bilateral relations and the cheaper yen. The monthly sales of Japanese cars, including Toyota Motor (NYSE:)…

Tesla’s bleak margins sink shares as Musk hypes everything but cars By Reuters

By Deborah Mary Sophia and Noel Randewich (Reuters) -Tesla shares tumbled 12% on Wednesday, evaporating almost $100 billion in stock market value after CEO Elon Musk’s talk of humanoid robots and driverless taxis failed to comfort investors worried about the electric car maker’s shrinking profit margins. Tesla (NASDAQ:) posted its…