Genesis, for the first time, topped J.D. Power’s annual study of new-vehicle appeal, nudging past Porsche, while Mitsubishi, Dodge, Jeep, GMC and Toyota posted the biggest improvements. Chevrolet and GMC tied for top-ranked nonluxury brand.
Fiat Chrysler cut its financial targets after disappointing sales in China took a toll on second-quarter results, marking a rocky beginning to the tenure of new CEO Mike Manley.
General Motors lowered its earnings forecast for the year following a second-quarter profit decline due indirectly to the Trump administration’s tariffs on steel and aluminum.
“We hope that it doesn’t come to that and that we can find a solution. If not, the EU Commission is preparing a rather long list of many American goods,” said EU Trade Commissioner Cecilia Malmstrom.
In the annual Kogod Made in America Auto Index, General Motors led the pack with the Chevrolet Corvette, which acquired a top score of 83.5 points, followed by the Chevrolet Volt, with 83 points.