Latest Sales figures News

Despite labor costs, GM averts financial woes of its past

Oct. 18, 2019 2:16 PM EDT

DETROIT (AP) — A decade ago, high labor costs helped drag a bloated and debt-ridden General Motors into a government-funded bankruptcy. Now, a contract deal reached this week with the United Auto Workers union will raise the company's costs once again, at a time when the auto industry is facing the...

US retail sales dip 0.3% in September

Oct. 16, 2019 10:15 AM EDT

WASHINGTON (AP) — Retail sales dropped in September by the largest amount in seven months, possibly signaling that rising trade tensions and turbulent markets are having an impact on consumer spending. Retail sales fell 0.3% last month following a 0.6% gain in August, the Commerce Department reported...

China's auto sales sink 6.3% in September

Oct. 14, 2019 6:42 AM EDT

BEIJING (AP) — China's auto sales sank 6.3% in September from a year earlier and purchases of electric cars tumbled 34.2% at a time when the industry is spending heavily to meet government sales quotas for the technology, an industry group reported Monday. The global industry's biggest market is on track...

Domino's sticking to growth plan despite sales pressures

Oct. 8, 2019 12:59 PM EDT

ANN ARBOR, Mich. (AP) — Domino's Pizza is sticking with its aggressive growth plans — and its own army of U.S. delivery drivers — despite mounting pressure from services like UberEats and DoorDash. The world's biggest pizza chain is rapidly opening new stores in order to shorten delivery...

Fiat Chrysler to pay $40M fine for overstating sales numbers

Sep. 27, 2019 1:55 PM EDT

DETROIT (AP) — Fiat Chrysler is paying $40 million to settle with U.S. securities regulators who say the automaker misled investors by overstating its monthly sales numbers over a five-year period. The Italian-American company inflated sales by paying dealers to report fake numbers from 2012 to 2016, the...

Luxury carmaker Maserati focuses production on Italy

Sep. 26, 2019 12:11 PM EDT

MILAN (AP) — Luxury carmaker Maserati said Thursday it would invest 1.6 billion euros ($1.8 billion) as it boosts Italian production with a new super-sports car and a utility vehicle as well as the launch of a hybrid version of the successful Ghibli sedan. Maserati, which is owned by Fiat Chrysler...

Arby's parent Inspire Brands buys Jimmy John's Sandwiches

Sep. 25, 2019 12:22 PM EDT

ATLANTA (AP) — The parent company of Arby's is buying Jimmy John's Sandwiches, hoping to reverse sluggish sales at the chain. Atlanta-based Inspire Brands said Wednesday the acquisition will make it the fourth-largest restaurant company in the U.S., with annual sales of $14 billion and 11,200 restaurants....

US retail sales rise moderately as auto-buying jumps

Sep. 13, 2019 2:11 PM EDT

WASHINGTON (AP) — U.S. retail sales rose moderately in August, driven higher by a jump in auto buying and healthy online sales, evidence that consumers are still spending enough to support growth. The Commerce Department said Friday that retail sales increased 0.4% last month, down from a strong 0.8% in...

Chinese auto sales sink 7.7% in August

Sep. 11, 2019 6:23 AM EDT

BEIJING (AP) — Chinese auto sales sank 7.7% in August from a year earlier extending a painful slump in the industry's biggest global market, an industry group reported Wednesday. Sales of sedans, SUVs and minivans declined to 1.6 million, according to the Chinese Association of Automobile Manufacturers....

The Latest: BMW gives glimpse of future offerings

Sep. 10, 2019 8:51 AM EDT

FRANKFURT, Germany (AP) — The Latest on the Frankfurt auto show (all times local): 2:50 p.m. BMW's marketing chief says giving customers a broad choice among internal combustion, hybrid and battery-powered cars is the right approach to a changing market. Pieter Nota says the Munich-based luxury automaker...