DETROIT-- Electric car maker Tesla Motors Inc. says it has joined with two banks to finance a 10 percent down payment on its new Model S sedan. US Bank and Wells Fargo will make loans for the down payment, which eventually would be covered by a $7,500 federal tax credit for electric car buyers.
General Motors sales tumbled nearly 11 percent. Asian automakers also saw declines, with Toyota Motor Corp sales down 6.2 percent, Honda Motor Corp Ltd down 0.6 percent and Hyundai Motor Co sales 4.7 percent lower. "These are not bad numbers at all," said Tony Faria, an auto industry expert at the University of Windsor in Ontario. "
By Ben Klayman and Deepa Seetharaman. DETROIT, April 2- U.S. sales of sport-utility vehicles and pickup trucks jumped in March, spurred by rising home prices and an increase in housing construction, major automakers said on Tuesday. General Motors Co said the stronger housing market helped its sales to small businesses rise nearly a third.
Chrysler Group LLC said Tuesday that its March U.S. sales rose 5 percent, led by the Ram pickup and Dodge and Chrysler midsize cars. BY THE NUMBERS: The Auburn Hills, Mich., automaker said it sold 171,606 cars and trucks last month, up from 163,381 a year earlier.
DETROIT, April 2- U.S. sales of sport-utility vehicles and pickup trucks jumped in March, spurred by rising home prices and an increase in housing construction, major automakers said on Tuesday. General Motors Co said the stronger housing market helped its sales to small businesses climb by nearly a third.
DETROIT, April 2- A federal safety agency opened an investigation into possible suspension failures on 2006-2008 Hyundai Motor Co Sonata sedans. An estimated 393,000 cars are involved, according to the National Highway Traffic Safety Administration.
TORONTO, April 2- Ford Motor Co's Canadian vehicle sales rose 1.6 percent in March from a year earlier, the company said on Tuesday, as stronger demand for trucks more than offset a drop in new car sales.
DETROIT, April 2- Ford Motor Co and Chrysler Group LLC reported on Tuesday slightly better-than-expected U.S. auto sales in March, buoyed by greater demand for sport utility vehicles and pickup trucks, while General Motors Co fell short of estimates. Ford, the No. 2 U.S. automaker, said March was its best month since May 2007.