Honda laps a broken down Chrysler to become No. 4 in US auto sales
Honda, the company that got its start selling mopeds, has replaced Fiat-Chrysler as the No. 4 automaker in the US.
If you think Honda gained the No. 4 spot by selling a few extra Civics from the cash for clunkers program, think again. The Japanese automaker has sold over 1 million cars this year and has crushed Fiat-Chrysler with a sales lead of 200,000. Last year, Chrysler outsold Honda by 25,000 cars.
Fiat-Chrysler has insisted that this is just a temporary setback and they will regain lost ground after their new products hit the US market. Honda is going to stay at No. 4 for the time being because it’s going to take years to fix Chrysler.
Sergio Marchionne, the CEO of Fiat-Chrysler, announced last month a five-year plan to restructure the company. Deadweight like the PT Cruiser has been axed, but its replacement may not come until 2012.