Photo: Volvo
Swedish automaker Volvo and Japanese manufacturer Mitsubishi could disappear from the United States by 2014. At least this is what 24/7 Wall Street claims, who has included the two companies among the “Ten brands that will disappear in 2014”.
Ranked ninth in this top, Mitsubishi Motors is expected to disappear from the United States before 2014 because of nose diving sales. Negative public perception is also quoted, with the recent J.D. Power vehicle dependability study placing the Japanese car maker almost at the bottom of its 33 brand list.
On the other hand, Volvo was place in fifth position, with the source claiming that the company’s lineup “is too small to allow it any chance” on the US market. However, the study claims the Swedish automaker may be doomed in China as well, citing inflated sales numbers and fraudulent dealer actions.
24/7 Wall Streets’ ranking was conceived using seven factors, including declining sales and losses, disclosures by the parent of the brand that it might go out of business, rising costs that are unlikely to be recouped through higher prices, companies that are sold, companies that go into bankruptcy, companies that have lost the great majority of their customers, and operations with withering market share.
Story via 247wallst
On the other hand, Volvo was place in fifth position, with the source claiming that the company’s lineup “is too small to allow it any chance” on the US market. However, the study claims the Swedish automaker may be doomed in China as well, citing inflated sales numbers and fraudulent dealer actions.
24/7 Wall Streets’ ranking was conceived using seven factors, including declining sales and losses, disclosures by the parent of the brand that it might go out of business, rising costs that are unlikely to be recouped through higher prices, companies that are sold, companies that go into bankruptcy, companies that have lost the great majority of their customers, and operations with withering market share.
Story via 247wallst
Google News