U.S. light-vehicle deliveries, boosted by healthy deals, America's surging appetite for light trucks and an extra weekend of sales, rose 5.2 percent in June as the auto industry closed out the first half of 2018 on a high. The SAAR for June came in at 17.47 million, up sharply from June 2017 and May.
Amid persistent speculation about the future of the Renault-Nissan-Mitsubishi Alliance, Chairman Carlos Ghosn told shareholders of Nissan and Mitsubishi that Renault isn't engineering a takeover of its Japanese partners.
Nissan abandoned a $1 billion deal to sell its electric-battery business because the prospective buyer -- Chinese private equity firm GSR Capital -- failed to raise the money required. Nissan and GSR were due to close the transaction by June 29.
By selling more plug-ins than their competitors, Tesla and GM are on the verge of crossing a threshold that will mean the end of $7,500 tax credits many of their customers have counted on, creating a considerable price advantage for their rivals.
With the Trump administration putting the heat on automakers relying on Mexican assembly plants, the Nissan and Daimler joint-venture auto factory in Aguascalientes, Mexico has had a low profile for the past year.